Cryptocurrency

BitYard x ENQ AMA Recap (2021/10/07)

Today we are glad to tell you about the AMA session with our friends from ENQ team. The AMA took place on October 7, 2021, our guest was the CEO – Mikhail Sayfullin, the COO – Sergey Vanurin and the CMO – Roman Bashlaev.

The total reward pool was 8,000ENQ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

PART 1: INTRODUCTION

Anna – BitYard: Hello, this is Anna from Bityard, so happy to see you here again. Today we will be going to have an AMA with the ENQ team. Let’s welcome the ENQ team, so pleased to be here with you in the AMA!

Mikhail Sayfullin – ENQ CEO: nice to meet you Anna and we are glad to be here.

Serge Vanurin- ENQ COO: Hi there! Nice to be with you today!

Anna – BitYard: Could you introduce yourself please?

Mikhail Sayfullin – ENQ CEO: my name is Mike Sayfullin, I am co-founder and CEO of Enecuum Network. I am an entrepreneur since 2003 and in the crypto field since 2017.

Serge Vanurin- ENQ COO: I am Serge, Enecuum COO, joined the team in late 2017

Roman Bashlaev – ENQ CMO: My name is Roman, I’m Enecuum CMO. I’m for more than 7 years in Digital Marketing. And really keen on Blockchain and crypto.

Anna – BitYard: It’s a pleasure to invite you to our community today, and could you briefly explain to us what ENQ is?

Roman Bashlaev – ENQ CMO: Enecuum is a hybrid blockchain for the decentralized application We believe that everyone should have the opportunity to become a part of the blockchain revolution. Currently, we create a decentralized ecosystem with DeFi platform able to bring the blockchain and cryptocurrencies to the masses, involving a crowd with regular mobile and desktop devices into the blockchain network, as well as providing the powerful toolkit for the dApps developers to create fast and low-cost applications for millions of people. Enecuum allows each smartphone owner to be a part of our global network.

https://enecuum.com

About ENQ in one page: https://promo.enecuum.com

Anna – BitYard: Sounds great! Thank you for the brief introduction.

PART 2: QUESTIONS ABOUT ENQ

Anna – BitYard: I am sure everyone is all very interested in ENQ, So this part we have already selected 5 questions about ENQ from our community.If your question is selected, you will get 400 ENQ as a reward.

Ok, let’s start with part 2.

The first question is from @CryptoPalangs_TV:

What is the main purpose of this coin, is it good enough to make it helpful?

Roman Bashlaev – ENQ CMO: ENQ is intended to be a utility token. Possession of ENQ is proposed to grant a holder access to the following proposed functionality of the Enecuum adaptive decentralized environment:

1) accumulate and transfer ENQ subject to the ENQ terms and conditions, and applicable laws;

2) publish SHARNELL Smart Contracts with a fee for publication to the global Enecuum network (the fee is determined according to the volume of the published byte code)

3) publish transactions with a reward calculated by the user publishing such transactions to stimulate the miners to validate such block;

4) access complex computations via the “heavy” smart contracts. The reward for such computations is proposed to be dictated by the current market conditions where the user who places the request offers a reward and waits until miners (nodes) with enough computational power to run such “heavy” smart contract agree to it. The user may raise the reward to faster stimulate such miners;

5) access and generate private ‘ticket’ branches using other nodes on the network (not the user’s). The reward is determined individually by the miner agreeing to service such branches;

6) and take a part in the PoA and PoS mining.

Mikhail Sayfullin – ENQ CEO: this is our node map https://pulse.enecuum.com/

Anna – BitYard: The second question is from @Btran1368 :

I noticed that you guys started the project more than 3 years ago and there are a lot of AMAs going on but why are you still not reaching the users and not widely known?

Serge Vanurin- ENQ COO: There are too many projects on the market and it is hard to distinguish real ones from fakes.  Hope the time will make it clear. We started project development in 2017, 4 years ago, and continue improving our protocol for users and developers.

Anna – BitYard: Next question is from @WeberSIS :

Considering that token issuing in the future will cost 0.10ENQ, it is possible that someone will take all popular and sound names. How do you plan to prevent this or fight with “sluggish” coins? (which are not used in practice).

For example: if a coin has not had a single transaction in a month – it is removed.

Serge Vanurin- ENQ COO: Good point, we are aware of the problem. As we change the token issue fee from 1000 to 0.1 ENQ we plan to remove the uniqueness of token names, but add “token lists” in an Ethereum-like way. This leads to security concerns (as in Ethereum with scam-tokens). But we think that the ability to issue tokens easily is more important.

Anna – BitYard: And the next question is from @Myca8888 :  What are the advantages besides hybrid blockchain and mining on the phone, does ENQ have in comparison with competitors?

Roman Bashlaev – ENQ CMO: We have no competitors in mobile mining on the market for now. We introduce a different approach to smart contacts than Ethereum Virtual Machine. Not Turing complete like EVM, to make simple and fast contracts, but not as multifunctional as EVM. It is not preferable but has different pros and cons. We believe it will find its niche delivering a smoother experience than EVM for most wanted contracts.

Anna – BitYard: Got it! The last question is from @Roc_ch: What’s your roadmap for the rest of this year and 2022?

Roman Bashlaev – ENQ CMO: Road map for 2022 will be published next month – November 2021. We will certainly make an emphasis on the NFT market and GameFI

PART 3: Open chat

Anna – BitYard: In this part, everyone can post Max 3 questions.  The ENQ Team will select 5 questions and answer yours! don’t forget the member who is chosen will get 400 ENQ! We will open for 2 mins for you guys to ask the question.

Q1: From @chienthangg: What is the background of the ENQ team? Do you think it is competent enough to run ENQ for the long term?

Serge Vanurin- ENQ COO: The core of Enecuum is formed around a scientific research team lead by experts in cryptography. Core developers have an IT security background. We believe that it allows Enecuum to build a solid base for network growth.

Q2: From @Terra_swafford: What is your strongest advantage that you think will make your team leading the market?

Serge Vanurin- ENQ COO: We are open to new trends and adopt our plans for the current market situation. But at the same time, we always add our own vision to any adopted technology. So we constantly evolving and become stronger.

Q3: From @anabel_sweat_16: AUDIT plays an IMPORTANT role in enhancing the stability of any PROJECT. Do you have AUDIT CERTIFICATES? Or are you working to AUDIT your project to make it more secure and reliable?

Roman Bashlaev – ENQ CMO: Yes, security is super important!

We had audit our main cryptolib

https://enecuum.com/enq_ecclib_mixbytes_audit_report.pdf

Q4: From @trumcrypto: Annual rate of 6.03 is very high regarding other businesses in the ecosystem. How would you promise that?

Serge Vanurin- ENQ COO: It is not high at all but based on current economy situation. You can refer to our tokenomics to see inflation estimation: https://guides.enecuum.com/enq/emission-model.html

Q5: From @Cecila_Scarbrough_58: Which area are you focusing on at the moment? (DeFi, Stake, Dapps..Yield Farming,,NFTs,, Gameing) and what are your goals this year?

Roman Bashlaev – ENQ CMO: Our focus now is on attracting new projects to run on top of Enecuum Blockchain. Soon we will run our own DeFi platform called enex.space, you already can try it in our test network: app.enex.space

Also, we are working on NFT implementation.

Part 4: Quiz

As usual, for this part, BitYard asked the chat 5 questions about Banxa. 4,000 ENQ was distributed between the winners.

Q1. The total supply of ENQ is:

  1. 360,000,000 ENQ
  2. 350,000,000 ENQ
  3. 1,000,000,000 ENQ
  4. 999,000,000 ENQ
  5. 430,000,000 ENQ

Q2. Which of the following services does ENQ provide?

  1. APP
  2. Mining
  3. Referral Program
  4. Above All

Q3. The minimum amount of ENQ to start mining is …

  1. 20
  2. 25
  3. 50
  4. 100

Q4. How much ENQ is in the PoS challenge from 06/22/2021–09/30/2021 Fund?

  1. 1,000
  2. 10,000
  3. 100,000
  4. 5,000,000
  5. 10,000,000

Q5: Which date will ENQ get listed on BitYard?

  1. 2021 October 7
  2. 2021 October 8
  3. 2022 October 8

For more information and future AMAs, join our Social Media channels:

BitYard Exchange: https://www.bityard.com

BitYard News & Events – https://t.me/BITYARDNEWS

English – https://t.me/BityardEnglish

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