We’re happy to announce that Hong Kong-based blockchain startup Enecuum has listed its token, ENQ, by means of Pundi X Open Platform.
With this itemizing, ENQ is now a part of our international cost ecosystem. Because of this token holders can use ENQ to pay for providers offered by our companion XPOS retailers. ENQ can now even be carried on XPASS playing cards and the XWallet app.
“Enecuum strives to carry blockchain expertise and cryptocurrencies to the mainstream, a mission that we proudly share,” mentioned Zac Cheah, Co-founder and CEO of Pundi X. “With this itemizing, we sit up for seeing ENQ holders derive even better utility from their tokens, in addition to introducing our personal neighborhood to Enecuum’s bold mission.”
“Our dedication to bringing blockchain to cell units aligns nicely with Pundi X’s mission of bringing cryptocurrency to the mainstream through brick-and-mortar retailers; we each share the imaginative and prescient of constructing the expertise extra extensively out there,” mentioned Mikhail Sayfullin, CEO of Enecuum. “With our itemizing on Open Platform, our miners will discover extra makes use of for his or her ENQ tokens.”
Enecuum’s high-powered dapps
Enecuum is creating its personal blockchain that focuses on implementing large-scale decentralized functions or dapps. It’s doing so by permitting anybody with a smartphone to take part within the mining course of — all they should do is to obtain the Enecuum app.
The community reaches consensus by means of a mixture of three mining algorithms: proof-of-work, proof-of-stake, and proof-of-activity. This not solely provides Enecuum a heightened layer of safety, but it surely additionally lets the community course of extra transactions in much less time.
With this setup, Enecuum will be capable of help numerous dapps that require a excessive throughput. Among the many use circumstances it proposes in its whitepaper are token emission platforms, distributed computations by means of devoted good contracts, decentralized storage networks by means of sharding, and even functions involving Web of Issues expertise.
On the coronary heart of this community is the ENQ token. It primarily serves as a utility token that grants entry to Enecuum’s providers, in addition to a reward for profitable proof-of-activity mining. The token will also be used to facilitate transactions between any dapps that run on the Enecuum community.
Increasing use circumstances
By becoming a member of Open Platform, our itemizing program for crypto tokens and different decentralized property, ENQ tokens can now be used exterior of the Enecuum ecosystem. All of the ENQ tokens that Enecuum’s community of miners have obtained can now be used to buy services and products all around the world.
With the partnership, ENQ joins the likes of BTC, ETH, BNB, DGX, KCS, KNC, XEM, VRH, DAI, QTUM, FX, NPXS and NPXSXEM as cost choices for our community of companion XPOS retailers. Because of this ENQ token holders will be capable of transact with any retailer with an XPOS machine and even buy ENQ tokens from it.
token builders who want to be a part of our international cost ecosystem can go to the Open Platform web site for extra particulars.
Enecuum is a Hong Kong-based tech firm making a blockchain for cell units. With its app, it permits any smartphone person to take part in its consensus mannequin, a novel three-part algorithm consisting of proof-of-work, proof-of-stake, and proof-of-activity. It at present has over 3,000 energetic customers within the community from all around the world.
We empower blockchain builders and token holders to transact digital property and providers at any bodily retailer on the earth. Telegram: http://t.me/pundix