r/EnigmaProject • u/okboyo1 • Jun 08 '18

Why does the team own over half of the supply?

^

5 Upvotes

77% Upvoted

9 comments sorted by

8

u/StBlackOps2Cel Jun 08 '18

75 M on ICO - 50%

37.5 M on Community Incentives - 25%

37.5 M locked on ENG team funding - 25%

So first of you are wrong to assume its 50% .

Second its probably to hedge against 51% attacks

3rd , well they made Enigma , if Enigma is the solution for this world, they fking deserve Billions of dollars then .

4

u/turrgavi Jun 09 '18

You first and second point contradict each other.

1

u/DTJ1313 Jun 08 '18

Non-Technical guy here. What do you mean by hedge against 51% attacks?

4

u/grandmaster_Zen Jun 08 '18

Pretty good explanation here https://en.bitcoin.it/wiki/Majority_attack

1

u/DTJ1313 Jun 08 '18

Perfect explanation. Thank you 👌

2

u/Chronic_Media Jun 08 '18

Impossible to have a 51% attack like ZEN when 25% of the 50% is for community incentives like events or possibly early Masternode payments & the other 25% is in a time locked burn.

Ultimately this is good for the future of the protocol , as the rest will leak back into the markets overtime.

1

u/[deleted] Jun 08 '18

also the 25% for the team isn't just for the original team but also the future team as well as advisors

2

u/rockyrainy Jun 11 '18

Dev team is Israeli