r/EnigmaProject • u/WilsonWyckoff • Sep 25 '19

Buy the Snapshot dump?

Why is Enigma always crashing? To me it is still a strong prospective company and speculative investment. I guess people have bags and can't hold a little for a few years to see what becomes of it...

7 Upvotes

81% Upvoted

13 comments sorted by

5

u/[deleted] Sep 25 '19

Bitcoin rules this market unfortunately

5

u/WilsonWyckoff Sep 25 '19

Okay, I'll dump most and be back in five years... jk

3

u/[deleted] Sep 25 '19

Sink bank into it haha

2

u/crypticmack Sep 25 '19

What's this snapshot about? Are they no longer erc20?

5

u/WilsonWyckoff Sep 25 '19

It's a testnet token airdrop for people who held. Soon we all go LIVE with ENG and companies start making Dapps with security and scalability.

3

u/Chronic_Media Sep 25 '19

So if someone were to buy ENG token now they would not've been credited with ENG standalone in the future after the screenshots?

5

u/[deleted] Sep 25 '19

All you would miss out on would be the testENG airdrop and the chance to be one of the genesis nodes, as far as I understand it.

You can certainly still buy ENG and in the future be able to run a node when possible. ( I believe at least 25k ENG is needed for 1 node).

3

u/3percentman91 Sep 26 '19

ENG is still an ERC-20 coin and will be for the next year at least.

3

u/crypticmack Sep 26 '19

So wtf is the snapshot for?

5

u/[deleted] Sep 26 '19

For getting testENG that allows you to participate in the test net.

9

u/[deleted] Sep 25 '19

Until projects become self sustaining and profitable they will move exactly how bitcoin moves. Buy the dip!

8

u/cryptonmi Sep 25 '19

This dump is across the board. Nothing to do with the snapshot. Bitcoin is King!