What is enno wallet?
Enno Wallet is a digital wallet that was launched to become a secure crypto wallet for global users. Users can not only store crypto in Enno Wallet, but also users can stake, swap and access decentralized forex feature in the Enno Wallet application.
Today the mass adoption of cryptocurrencies has been quite massive. This is because cryptocurrencies offer an alternative payment that is better than traditional payments. And also cryptocurrency has become an investment instrument that can provide users with a fairly high profit compared to investment instruments such as gold. Therefore, it is not surprising that today many people are using cryptocurrencies for their transactions or investments.
Cryptocurrency is a digital asset that can be traded and has value, therefore cryptocurrency requires a wallet that can keep assets safe and does not allow hacking. Enno Wallet can be a solution for this. Enno Wallet is a digital wallet that was launched to become a secure crypto wallet for global users. Users can not only store crypto in Enno Wallet, but also users can stake, swap and access decentralized forex feature in the Enno Wallet application.
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What is Enno Cash?
Enno Cash a.k.a $ENNO is a governance token of Enno Wallet. Enno Wallet users will receive $ENNO tokens based on the size of their activities and their shares of total activities by other users.
Enno Cash holders will be able to vote for the future updates of Enno Wallet.
Algorithmic stablecoin stakers, Asset lenders, and Enno Cash stakers are eligible to receive daily Enno Cash rewards. The team will add various reward-earning functions in the future (e.g. prediction market, liquidity providing). On the other hand, Enno Cash holders will vote to determine the weights of rewards for distribution in the future.
Enno Cash token incentivizes Enno Wallet users to get more from their crypto assets.
Enno Cash Distribution
A total maximum supply of 10 mln $ENNO will be gradually emitted through 5 years vesting period.
10% of the total emission (1 mln $ENNO) is allocated for early-bird rewards, with 2-years vesting (500k each year) period.
10% of the total emission (1 mln $ENNO) is allocated for the development & marketing activities, without a vesting period.
60% of development & marketing tokens will be used for the development of new features.
40% of development & marketing tokens will be used for marketing activities and global adoption.
*5% of the total emission (500k $ENNO) is allocated for referrals, Bounties, and Contests, without a vesting period.
*15% of the total emission (1.5 mln $ENNO) is allocated for the token sale.
*10% of the total emission (1 mln $ENNO) is allocated for the private investors and the team, with 5-years vesting (200k each year) period.
*The remaining 50% of the total emission (5 mln $ENNO) is allocated for the Enno Wallet users, with 5-years vesting (1 mln each year) period.
Vesting
The early-bird Enno Cash reward will be unlocked gradually within two years after the launch, on a per-block basis.
The average block time on the Waves blockchain is ~ 1 minute, so the number of blocks will create during two years are 1.051.200 (2 × 365 × 24 × 60) blocks. The number of Enno Cash you can claim will increase with each block.
For example, if your “early_bird reward” is 10,000 Enno Cash, your maximum claim amount after the launch:
~0,57077626 Enno Cash/hour
~13,6986301 Enno Cash/day
~95,890411 Enno Cash/week
~416,666667 Enno Cash/month
~5.000 Enno Cash/year
~10.000 Enno Cash/2 years
Welcome to the future of finance! Be your own bank with Enno Wallet.
Token Allocation
10% of the total supply will be allocated to the early bird sector
Another 10% will be reserved for the development and marketing sector. Under this 10%, 6% will be for the development sector while 4% will go to the marketing schemes
5% of the total supply goes to the referral bounty contest
50% will be reserved for application users
15% will go to the token sale
While Another 10% will be for the private Investors and Wallet developers.
ENNO WALLET TEAM
Enno wallet team comprises of experienced individuals that are experts in blockchain technology, web3, and web2 based app, cryptocurrencies, social media, front-end development, financial management, and much more, who are zealous and willing to improve the financial industry with blockchain technology and as well as ensuring that Enno wallet project is successful.
For More Information:
Website: https://www.ennowallet.com/
Twitter: https://twitter.com/ennowallet
Telegram: https://t.me/joinchat/3Lc4DueEGOM1ZjY0
Github: https://github.com/Enno-Wallet-Enno-Cash
LinkedIn: https://linkedin.com/company/ennowallet
My author
Bitcoin username: jonylins
Bitcoin profile link: https://bitcointalk.org/index.php?action=profile;u=3200267
Telegram username: @mirza2920
USDN(WAVE) wallet address: 3PCEWRrhYmBdr99Y4pQk3f7kkZtaAUDPCrS