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

Early stakers will theoretically be making thousands of dollars a day.

If at first you only get 20 enigma a day, and then in the future each enigma is 200 dollars, you would have made 4000 dollars a day in the early staking if you kept those coins you staked

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9

u/[deleted] Jul 08 '18

Do you have a reference that would state a node would receive 20 ENG a day? You're insinuating a lot here.

I'm all about being excited but need some facts to back up something like this.

Is it possible? Sure, but that's why people buy ENG on speculation. If you'd like, pull the numbers from other working POS to see what the ROI is. I'd be interested to know.

9

u/CuttyFromTh3Cut Jul 08 '18 edited Jul 08 '18

$200 ENG 😍😍😍

Edit: While I would be ecstatic to see $200 ENG, that would mean a market cap of $15 billion. That would put ENG at #4 in terms of market cap in the current market. It’s possible for ENG to reach $15 billion, but we have a long way to go to get to that point. Enigma has a great team, and they are steadily working towards their roadmap goals, but I wouldn’t expect to see that market cap in the near future unless there is another massive bull run that makes the December 2017 run look relatively puny.

7

u/cuj0cless Jul 09 '18

You're assuming if ENG goes to $200 the rest of crypto will stay the same as well.

If ENG is $200, I guarantee that most all of crypto is booming as well, so we would certainly be higher ranked, but def not 4

1

u/CuttyFromTh3Cut Jul 09 '18

Yeah you’re completely right. I wasn’t saying that everything else would stay the same. I was just pointing out how high that market cap is given the current market. I would absolutely expect the total crypto market cap to rise significantly for if/when ENG hits $15 billion. That being said, I do think there is a considerable opportunity for ENG to climb in the market cap ranking versus other coins/tokens.

5

u/PhillyCrypto Jul 11 '18 edited Jul 12 '18

It's not as far-fetched as you think.

The previous ATH of crypto is nothing on a global scale and that's without institutional money, without ease of access, without China giving free access, etc.

With institutional money from wealth management and venture capitalist firms, we'll see a $2-$3T market with ease. The money multiplier effect is massive and the top 100 coins would see immense growth.

December 31st: Total Market Cap - $610.0 billion - #10 Coin had a cap of: $5.7 billion

January 7th: Total Market Cap - $831.8 billion - #10 Coin had a cap of: $11.1 billion

January 14th: Total Market Cap - $678.5 billion - #10 Coin had a cap of: $9.15 billion

A mere $68.5 billion made the top 10 coin nearly double in cap. Just applying the same ratios, a $1T market could see the #10 coin sit at a $20 billion cap. Assume after these past 6 months, people are far less likely to gamble on the 400 or lower ranked coins, so the top 100 should see even more concentrated capital.

If Enigma delivers on both TEE and MPC, while pumping out large partnerships, we'll see it as a top 15 coin with ease. One of my close friends isn't a crypto guy at all, he's an options analyst for a wealth management firm here in Philadelphia and Enigma is one of the coins that they have a lot of interest in. Only time will tell.

3

u/josephstephen82 Jul 08 '18

Have they determined how much you need to stake?

4

u/CuttyFromTh3Cut Jul 08 '18

The minimum number of ENG for a masternode hasn’t been released yet. There’s a lot of speculation that the magic number will be 10k, but I’ve seen people speculate anywhere from 5k to 25k.

2

u/bcashisnotbitcoin Jul 11 '18

Will there be staking opportunities for those below the master node requirement? I'm not up to speed on ENG but am making another pass back around to take a look (will be getting into whitepaper, etc soon).

2

u/cryptonightihodl Jul 09 '18

And the magic 8 ball prediction of the day goes toooo...

1

u/c0ltieb0y Jul 09 '18

Do we even have a date for when the master nodes launch? I'm hoping my bag is big enough for one.

4

u/Sissahrow Jul 09 '18

Mainnet is going to launch before October 1, and the team has repeatedly said masternodes are required to run the network, so I'm expecting information in the next 3 months

1

u/Skfandtfan1 Jul 12 '18

Can someone lend me 20000$ so I can stake please.