Log in to CoinList, is there still a wealth opportunity at the ultimate on-chain development entry?

Enso has completed approximately 10 million dollars in financing to date.

Written by: 1912212.eth, Foresight News

CoinList will launch the Enso (ENSO) token sale on June 13. The ENSO FDV is $125 million, with a total sale quantity of 4 million tokens, and the token price is $1.25. 100% will be unlocked at TGE, with a purchase limit of a minimum of $100 and a maximum of $2.5 million. The CoinList platform sale accounts for 4% of the total token supply, and users who do not win a spot will receive a refund in their CoinList wallet within 48 hours.

What is Enso

Enso integrates all blockchains into a unified network. Blockchain developers only need to integrate once to read, write, and interact with smart contracts on any chain. Its founder, Connor Howe, previously worked at Sygnum (a digital asset banking group) and graduated from the University of Stirling.

In 2025, the true barrier to widespread adoption will no longer be TPS, decentralization, storage, or block size, but rather the complexity of building real products on-chain. If developers cannot deliver products quickly, easily, and reliably, then no matter how good the underlying performance metrics are, it will be of no use.

Despite the various "gatekeeper" mechanisms present in traditional app stores, the Google Play Store still has 2.7 million apps, the Apple App Store offers 1.95 million, and there are over 101,000 games on Steam. However, in the permissionless environment of the crypto industry, there are currently only about 4,800 applications.

There are over 1,000 blockchain frameworks in the crypto ecosystem, and Ethereum alone has deployed more than 41 million smart contracts. The complexity of integration forces teams that were originally full of innovation to become "integration experts"—they often need to invest over $500,000 and spend more than 6 months of development time on integration, leaving them unable to focus on what truly matters: product development, community building, and user distribution.

The Web3 field has historically struggled to achieve product-centric rapid experimentation. In contrast, platforms like GitHub, Figma, and Unreal Engine in the Web2 ecosystem allow users to easily share their creations and achievements, enabling high reuse, low redundancy, and rapid product iteration.

Enso has built such infrastructure for developers in Web3—it unifies all blockchain data, chains, and smart contracts into a powerful network. With Enso, developers will reduce the construction cycle from over 6 months to within 1 week.

Operational Logic

The Enso network covers the entire ecosystem for reading data and executing on-chain operations. Enso builds a decentralized, open network that allows developers and AI entities to contribute the necessary data sources and smart contract information for execution. Enso can access all the latest ecological developments through tools, enhancing developer engagement and converting new Web3 developers into Enso users.

There have been similar data contribution models successfully operating in Web3, such as The Graph (GRT, market cap of 924 million USD, FDV of 1.04 billion USD), which focuses on data acquisition services. Currently, GRT ranks 78th in market cap. Enso not only provides data scraping capabilities but also has trading execution capabilities, and its performance after launch is worth looking forward to.

The Enso network is driven by three core participants:

• Action Providers: Contribute modular contract abstractions.
• Graphers: Develop complex algorithms and integrate multiple operational modules to meet specific requests.
• Validators: Responsible for verifying the security and efficiency of solutions, ensuring the reliable operation of the network.

Token Economics

The total amount of ENSO is 100 million pieces, of which 25% is allocated to the team, 31.3% to investors, 23.2% to the foundation, 1.5% to advisors, and 15% to the ecological treasury.

Generally speaking, the allocation of VC tokens is normally within the range of 20%, while this time the allocation of ENSO tokens to VCs is as high as 31.3%, which can easily be associated by the community as VC coins. According to Rootdat, the project completed a financing of 500 million USD in April 2021, led by Polychain Capital, with participation from Multicoin Capital, Cyber Fund, Spartan, and others. In June 2024, Enso raised another 4.2 million USD, with participation from Hypersphere Ventures and others.

In terms of token utility, ENSO mainly has four functions.

• Query fees: Each request to the Enso network will incur a fee. The initially generated bytecode will embed a fee mechanism, and these fees will be settled in ENSO tokens through an auction process and distributed to various participants in the network.
• Network Governance: Enso token holders can participate in the future governance of the network, such as system upgrades, reward distribution, and key infrastructure decisions.
• Verification Mechanism: Validators play a key role in ensuring network security, reviewing contributed content, and managing network changes. ENSO holders can delegate their tokens to professional node operators distributed globally, further enhancing the network's decentralization and resilience.
• Staking mechanism: ENSO holders can provide stronger economic security for the network through staking.

The official roadmap shows that Enso will have its TGE in Q3 of this year.