Firstly, Breaking down the full meaning of Enigma Catalyst.
Enigma is a decentralized data marketplace. The platform aims to become the central source for a standardized, reliable, and high-quality crypto data for cryptocurrency asset. Enigma Project builds an infrastructure to develop, test, and deploy algorithmic trading strategies for crypto-assets.
Catalyst on the other hand, is a one-stop-shop for quantitative trading. It will allow quantitative analysts (quants) to develop trading algorithms, back test their strategies with real data hosted on Enigma, and deploy their strategies for live trading. In addition to deploying their own money, quants can choose to market their algorithms to regular investors and earn “royalty” fee when their algorithms are used. Catalyst will be the first application built on top of Enigma (according to the founders, the name “Catalyst” is selected because it is intended to accelerate the adoption of the Enigma platform.)
Catalyst is a platform for traders of Digital Currencies, Data Scientists, developers and investors. Traders will develop powerful quantitative strategies using data organized by the community, and investors will put capital in the best traders and strategies. In essence, Catalyst allows anyone to build their hedge fund for Digital Coins. Catalyst is a playground where developers, quants, and experienced traders can easily build, simulate, and eventually live trade cryptocurrencies using sophisticated programmatic strategies.
WHY ENIGMA CATALYST?
The emergence of Enigma catalyst is as a result of the fact that blockchains cannot handle privacy and are not suited for heavy computations. Enigma is trying to solve the lack of standardization and fragmentation of crypto data (e.g., Open-High-Low-Close (OHLC) data, etc.) The Enigma team believes that easy-to-access, high quality data set will lower barrier to entry for various participants in the crypto market (e.g., quants, researchers, etc.) The Enigma platform will make it easy for anyone to become a data curator.
Everyday, we have several data manipulations and breaches. The difficulty on building a system for algorithimic trading of crypto-assets is one of the major highlight of the reason for Enigma. Catalyst: Catalyst is trying to make it easy for quants to operate in the crypto ecosystem.
HOW ENIGMA WORKS
In Enigma. data is split between different nodes into meaningless piece, without a single party having access to data throughout the system. Except a small sunset of nodes performs each computations over different parts of the data, allowing availability, implementation of private contracts.
On the other hand in catalyst, it provides one stop shop for quanta, even for those without coding experience to deploy data - driven trading strategies.
WHAT DOES CATALYST OFFER?
Enigma offers a marketplace die sensitive data, secured backend, intern data management, n-factor authentication, identity, IoT, personal data stores, financial services, blind e-voting, bitcoin wallet.
Catalyst on the other hand offers a Crypto data driven hedge funds, marketplace for trading Strategies.
Enigma Catalyst wants to tap into the fast growing cryptocurrency market
ENIGMA CATAALYST FEATURES
Decentralized open secure platform with want research too for Crypto selection, trade execution, data sources, events etc.
Platforms only reveals the performance details of each strategy or developer without releasing the actual underlying assets being traded.
ABOUT ENIGMA CATALYST COMPANY AND TEAM
Established by a group of MIT graduates, Enigma Project Company is an American based start-up which is successful in secured data sharing market and now they have recently announced their ‘Catalyst’ project. Stimulated by the speedy development and explosion of crypto-assets, the catalyst project can be well-defined as first investment podium, which allows investors to shape, test and implement micro crypto-funds. As a point of fact, with the assistance of catalyst, developers will not only be able to access Enigma’s decentralized data marketplace but can also take the assistance of the same in making and implementing new strategies.
ABOUT TOKEN SALE AND DISTRIBUTION
We believe that to be successful, native tokens should have real utility — you should never create a token just because you can, and you should not invest in any token whose purpose you can’t understand. It is important to us and to our community that ENG serve a critical and transparent purpose for all stakeholders.
Most generally, Catalyst tokens are used to reward creation by and for the community (e.g. trading strategies, data sources) and are consumed when community members access premium services on the platform.
Right now we are focusing on the following token dynamics:
Primary: ENG is used to access data sources on the de-centralized Enigma Catalyst Data Marketplace. Payment is on subscription level.
Secondary: ENG tokens are used for incentives to grow and ensure stability of the network. ENG tokens are used to create demand in the data marketplace: Reward tokens are provided to quants with winning strategies. This incentivizes more quants to come on the platform and consume data to refine their strategies and gain an edge.
TOKEN SALE
Our token sale will take place beginning on September 11. Please read more here: https://blog.enigma.co/announcing-enigma-catalysts-token-sale-9c699cd5c72a
Token Distribution:
We are creating a fixed supply of one hundred million (100M) tokens, to be allocated as follows:
50% to be made available in the initial token sale (to be used only for operations)25% retained as incentives for the Catalyst community25% retained by Enigma
Use of funds:
Funds raised through the token sale will be used as follows:
60% for product and technology development15% for blockchain research10% for operations10% for marketing purposes5% for legal and administrative costs
Mechanics of Sale:
Our primary goal for the sale is to have a wide distribution of ENG tokens. After studying many successful token sales, we saw that having a wide distribution of tokens is key to a cohesive community and to the long term success of the project.
We are considering a tiered sale approach that was first introduced by our friends at Civic to make sure everyone who wants to contribute in our token sale gets a chance. Exact details on the tiers will be released closer to the token sale date. ENG token sale will only accept Ether and participants will need to create an ERC-20 compliant wallet. MyEtherWallet (web wallet) and desktop wallets such as Parity, Mist can be used to receive ERC20 compliance ENG tokens after the token sale. No lock-up period will be required for the tokens after the sale.
Below are the links to enigma
Official webpage: http://www.enigma.co/
Announcement thread: https://bitcointalk.org/index.php?topic=2052215.new#new
Whitepaper: www.enigma.co/enigma_catalyst.pdf
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1048662
My Youtube channel: https://www.youtube.com/channel/UCoKb8l6T6TN3dk9_9CvTnvw