Enecuum Updates!

Enecuum
Enecuum
Oct 10, 2018 · 3 min read

We are pleased to announce a number of exciting updates:

Airdrop

The first stage of our Airdrop program is about to launch. We will give away 5,000,000 tokens to our community in return for their community building efforts on various social media platforms.

Follow the link for more information: https://airdrop.enecuum.com

Website

We are excited to launch our updated website and we really hope that you like the new design.

Our new website also now includes Chinese, Korean and Japanese language versions of our Onepager and Whitepaper, together with the addition of our Technical Paper.

The Technical Paper describes the foundational cryptographic protocols and mathematical algorithms used within the Enecuum platform in detail and will be regularly updated.

Updates also remain available in our Github repository.

Testnet Results are in… Plus, Trinity Algorithm at work…

Despite managing the many moving parts of our ambitious project, a key focus has been the performance of our testnet, which has already reached 9,000–22,000 transactions per second — speeds which will continue to increase as more devices connect to our network.

These results put us right on track to achieve our network milestones, and reflects positively against the performance of other blockchains, including some which have only recently launched.

Although we are proud of our network speed capacity, more importantly, we have been able to demonstrate the central aspect of our hybrid consensus technology — Trinity algorithm.

Read more about our Trinity algorithm here.

Partnership News

We recently signed important partnership agreements with Bitgosu Partners, a major part of South Korea’s cryptocurrency eco-system and an exciting partner for Enecuum, and Coinsuper, one of the world’s cryptocurrency ecosystem leaders. We hope that these partnerships will help in our development, and we look forward to working with both.

We have been working hard to find the best strategic partners for our project and continue to discuss and demonstrate our testnet with interested funds, journalists and partners.

Preparation of a public version of our testnet is underway and will be available for everyone to see very soon.

Token Sale

We are pleased to announce that we have extended our token sale until 31 December 2018.

Please see below our revised token sale phase schedule:

Token Sale — Phase 1

Launch: 22 June 2018 at 00:00 GMT +8

Close: 31 October 2018 at 23:59 GMT +8

Eligibility: Partners and early adopters

Price: USD 0.04 per token

Token Sale — Phase 2

Launch: 1 November 2018 at 00:00 GMT +8

Close: 30 November 2018 at 23:59 GMT +8

Eligibility: Private individuals and companies who have been approved by the Company

Price: USD 0.05 per token

Token Sale — Phase 3

Launch: 1 December 2018 at 00:00 GMT +8

Close: 31 December 2018 at 23:59 GMT +8

Eligibility: Other persons approved by the Company

Price: USD 0.06 per token

Our decision to extend our token sale occurs due to prevailing bearish market conditions and considers the interests of strategic partners and funds who have already joined our project. We are also mindful of the interests of our future partners.

The extended token sale does not impact the staged distribution of tokens as originally planned, and vesting will still begin on the day following the completion of the token sale phase in which tokens were purchased.

Further insight was provided by our co-founder and CEO, Mikhail Sayfullin, who added:

“During the past months we have significantly progressed the technical side of the project — our testnet is now capable of processing more than 9,000 transactions per second.

We see great interest in our project every day from a variety of funds and private investors, but this interest must be contextualised within the prevailing bearish market conditions. In addition, strategic partners will need time to digest our Technical Paper.

We continue working hard to finalise what for us represents best in class innovation within the blockchain space, and the creation of a platform upon which businesses will thrive.»

Enecuum

Written by

Enecuum

Blockchain Mobile Network for Decentralized WEB 3.0 Applications enecuum.com

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade