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Enso is the native token used within the Enso network. The Enso token is a critical component of the Enso ecosystem, and the network cannot function without the token.

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Token Distribution

This table illustrates the allocation of ENSO tokens among the different participants within the Enso ecosystem. 33_token_economics.png

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Unlock Schedule

ENSO is unlocked according to the schedule depicted below. The schedule illustrates how ENSO will be distributed among different groups, including the Enso ecosystem, Advisors, Community round participants, investors, team, and the Enso Foundation. Investors, team and advisors are subject to a 1-year lockup (cliff). At 1 year, tokens are released linearly, block by block, over 24 months. graphic_enso.png

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Key Functionality

  1. Governance: Enso Token serve as governance token that can be staked (locked in wallet) to participate through voting in the Enso decentralized autonomous organisation (DAO) that governs the further development of the Protocol smart contracts (will be updated through new versions; while the old versions will still exist). The DAO does not host any votes on the allocation of assets to the Enso Token holders or on the amount of assets allocated to them. Further, there will be no staking reward for such staking in order to vote. The voting will require a quorum. If the quorum is reached and the vote is successful, the proposal can be implemented.
  2. Validation: Enso Tokens need to be staked (locked in wallet) in order to validate action calldata, including Shortcuts, returned by the Protocol and external third parties, by simulating transactions using simulation software, via a proof-of-stake mechanism (Validators) in accordance with the following characteristics (Validation Function):
    • The Validation Function has the purpose to support the security and operations of the Protocol.
    • Enso Tokens are staked, i.e. locked by the system within the wallet of the Validator, in order to serve as a collateral (“stake”) for ensuring the provision of correct validation of the action calldata, including Shortcuts.
  3. Delegation: Enso Tokens can be staked for the benefit of a Validator for validating calldata, including Shortcuts, against a share of the Validation Revenue earned by such Validator.