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Buy ENCS
White paper


PROTECT YOUR PRIVACY WITH


ENCOINS


CARDANO NATIVE TOKENS WITH ENCRYPTED REDEEMING VALUES

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JOIN OUR COMMUNITY




INTRODUCTION

HOW TO MINT?

Send ADA into the protocol to mint a bundle of NFTs (aka ENCOINS). Each token
contains an encrypted redeeming value known only to you. The total redeeming
value is equal to the ADA provided.

HOW TO USE?

ENCOINS can be used as any other native asset on Cardano: they can be traded,
gifted, or used in other DeFi protocols that support them. They can also be used
in ENCOINS Ledger, our upcoming shielded accounts system.

HOW TO REDEEM?

ENCOINS can be burned to receive their redeeming ADA value back. Only the user
who knows its minting key can redeem an ENCOINS token.

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ROADMAP

ENCOINS ANNOUNCED

ENCOINS protocol was announced in August 2022. The team released White Paper
v0.1. The project received community funding through the ISPO and Project
Catalyst.
01
02

TOKEN GENERATION EVENT

The decentralized token generation and distribution ceremony was held on March
13-22. The ceremony followed the algorithm presented here.

PUBLIC TEST

ENCOINS Public Test began in March 2023. Since then, users have been testing the
DApp on Cardano testnets. In the second phase, we expect relayers to join in.
03
04

MAINNET LAUNCH

After the Public Test and audit, everything will be ready for the mainnet
launch. Users can now mint, trade, and transfer ENCOINS using their wallet or
ENCOINS Ledger.

ECOSYSTEM INTEGRATIONS

We plan to integrate ENCOINS with selected Cardano Ecosystem projects, including
wallets, DeFi, and NFT dApps. All potential partners are welcome!
05
06

NATIVE ASSETS SUPPORT

Currently, ENCOINS protocol only supports wrapping of ADA. This support will
eventually be extended to all native assets on Cardano, including Cardano NFTs.


PARTNERS




ENCOINS

ENCOINS is a decentralized private accounts and payments protocol on the Cardano
blockchain. ENCS utility token policyID:
9abf0afd2f236a19f2842d502d0450cbcd9c79f123a9708f96fd9b96.

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