Encoins (ENCS) Tokenomics
Encoins (ENCS) Information
What is the project about?
ENCOINS is a privacy protocol on Cardano. Users can create NFTs (a.k.a. encoins) with secret redeeming values. These NFTs store their redemption values in an encrypted format, thus enhancing user privacy. ENCOINS conceals the amount of ADA in your wallet when you transact with other users and dapps. The users you interact with also enjoy a boost to their privacy, too. Ledger Mode enables sending and receiving payments in encoins using the ENCOINS Ledger script. It gives the recipient privacy provided they do not withdraw it (i.e. if they also make Ledger Mode payments with these coins).
What makes your project unique?
ENCS is the only Privacy Protocol on Cardano. More information on this link https://docs.encoins.io/links/our-resources
History of your project.
We have already delivered ENCOINS v1 (now on the testnet). ENCOINS v1 was the goal of our previous Project Catalyst proposal back in Fund6. Though we initially underestimated the realistic deadlines for that project, we over-delivered in terms of what was promised, not only building a private transaction protocol but also creating reusable open-source.
What’s next for your project?
Encois V2 will allow users to make private transactions not only in ADA but also in all Cardano Native Assets. Cardano Private Smart Contracts coming to Cardano.
What can your token be used for?
For running validator nodes on the network via staking ENCS tokens.
Used for governance votes to determine how network resources are allocated.
Encoins (ENCS) Tokenomics & Price Analysis
Explore key tokenomics and price data for Encoins (ENCS), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
Encoins (ENCS) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Encoins (ENCS) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of ENCS tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many ENCS tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand ENCS's tokenomics, explore ENCS token's live price!
ENCS Price Prediction
Want to know where ENCS might be heading? Our ENCS price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.