Enigma Catalyst Review

An independent analysis on Enigma Catalyst

A crypto investment platform for algorithmic and quantitative trading development

Enigma Catalyst is an MIT backed start-up that is developing a proprietary platform and API to facilitate the creation of social trading algorithms for speculative crypto investment.

The technology allows developers and trading professionals to create, backtest and trade crypto markets, as well as allow other retail investors to participate by ‘following’ the same trade-set.

Enigma joins the list of several other recent ICOs focused on investment management and data analysis such as Santiment and Numerai.

The best comparison for Enigma is the equities focused (non- blockchain) platform named Quantopian.

Token sale for investors

The tokens (also known as ECAP) are predominantly used for reward creation within the community. Community participants are  paid  for  trading  strategies  and  providing  data  within  the marketplace.

The idea is that these reward tokens will provide an incentive for the continued evolution of the platform.

For those seeking only capital gain, the tokens will be traded within the marketplace and performance should be correlated to the  success  of  the  platform  and  number  of  users  seeking incentives.

Commercial Strategy & Roadmap

Enigma started initial development in 2015 as a research project at MIT.

The  minimum  viable  product  (MVP)  is  not  scheduled  to  be released  until  Q1  2018  which  will  include  the  basic  trading functionality.

In late 2018 (Q3), it is expected that extra trading functionality, security protocol, and decentralization will be implemented.

The  project  is  open  sourced  and  can  be  found  by  anyone through GitHub repositories.

On a side note, Enigma has been able to progress development to date as a result of VC capital contributed from the likes of Floodgate, Flybridge, E14 and more.

Management

The management team have extensive startup experience with the majority of them having studied different courses at MIT.

There’s more…