What is the project about?
ENCOINS is a privacy protocol on Cardano. Users can create NFTs (a.k.a. encoins) with secret redeeming values. These NFTs store their redemption values in an encrypted format, thus enhancing user privacy.
ENCOINS conceals the amount of ADA in your wallet when you transact with other users and dapps. The users you interact with also enjoy a boost to their privacy, too.
Ledger Mode enables sending and receiving payments in encoins using the ENCOINS Ledger script. It gives the recipient privacy provided they do not withdraw it (i.e. if they also make Ledger Mode payments with these coins).
What makes your project unique?
ENCS is the only Privacy Protocol on Cardano.
More information on this link https://docs.encoins.io/links/our-resources
History of your project.
We have already delivered ENCOINS v1 (now on the testnet). ENCOINS v1 was the goal of our previous Project Catalyst proposal back in Fund6. Though we initially underestimated the realistic deadlines for that project, we over-delivered in terms of what was promised, not only building a private transaction protocol but also creating reusable open-source.
What’s next for your project?
Encois V2 will allow users to make private transactions not only in ADA but also in all Cardano Native Assets. Cardano Private Smart Contracts coming to Cardano.
What can your token be used for?
For running validator nodes on the network via staking ENCS tokens.
Used for governance votes to determine how network resources are allocated.
Where is Encoins available for purchase?
You can exchange ENCS tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Encoins is Minswap, notably the ENCS/ADA pair, which saw a trading volume of $ 675.35 in the past day.
What is the highest value Encoins (ENCS) has ever reached?
Encoins (ENCS) reached its peak price at 1.33 $ on 09 December 2023, approximately 2 years ago ago. Presently, the current price is -93.58% lower than this all-time high.
What is the historical minimum price for Encoins (ENCS)?
The minimum price reached for Encoins (ENCS) was 0.066503 $, documented on 11 January 2024, more than 2 years ago. In comparison, the current price is 13,11 MLN.%, it above this historical low.
What is the fully diluted valuation of Encoins (ENCS)?
The fully diluted valuation (FDV) of Encoins (ENCS) stands at $ 765,686. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 15,000,000 ENCS tokens. The realization of this FDV might take several years depending on the emission schedule of ENCS tokens.