Months to a few minutes: Enigma promotes encryption hedge fund creation


nnnIn the wake of the lessons learned from traditional asset management companies such as Citadel and Sigma Two, Enigma wants to standardize the process of creating a currency hedge fund creation process, reducing the time-to-market and reducing investor entry thresholds. As with industry start-ups, Enigma financing uses a two-way strategy to combine traditional venture capital with ICO.n
nnTranslation: Annie_Xun
nWhat happens if a hedge fund is as simple as downloading an API?n
nMIT media lab (Media Lab) incubator out of the start-up company announced its products with such a design. The product, called Catalyst, is the first product of the chain-chain startup Enigma, with the aim of detonating new hedge funds with an encrypted currency as an asset class.n
nBy directly drawing lessons from traditional asset management companies such as Citadel and Sigma Two, Enigma wants to standardize the process of creating a currency hedge fund creation process, reducing the time-to-market and reducing investor entry thresholds.n
nEnigma co-founder Guy Zyskind believes that this release is part of a larger plan that will allow investors to more easily return on investment.n
nZyskind or MIT students were involved in launching the project, and he explained that the platform for funding support could be seen as a larger entry into the information market.n
nn”We wanted to introduce the idea of ​​the data market to the community by encrypting the financial market project, and we thought it was a good way to introduce our data encryption technology.”n
nnSo the alpha version published last month was designed to allow early developers to download the API, get the API key, and start building with the early data set provided by the exchange.n
nThe developer will be able to participate in the week contest to win Enigma’s original coin award at the end of the year.n
nn”They can start to visit and try different strategies, and they can share their own strategies with others in the system, or they can share data sets.”n
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nTransformationn
nLooking back, this announcement shows the transformation of the start-up company.n
nEnigma, which began preparations in 2015, aims to provide new ways to create a market where anyone can sell information, trust in data sources, and users do not need to disclose unnecessary identity information.n
nBut there is no clear business case, the appeal of the technology on the discount. So early this year Enigma began to market research on quantitative and asset management staff.n
nEnigma Chief Product Officer Can Kisagun said that about 60% of respondents hedge fund managers expressed interest in “entering the field of encrypted money”, 20% of people have “updated” their existing technology, try to increase the 24-hour trading hours and can be divided asset.n
nKisagun explains these data to help them understand the use cases chosen to prove the value of the information market.n
nn”Where the Catalyst exists, the results of the two-month project can be downloaded through the API to experience, we can start on the basis of the two months of the project to start a new trading strategy.”n
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nMixed financingn
nAs with industry start-ups, Enigma financing uses a two-way strategy to combine traditional venture capital with ICO.n
nThe company has raised $ 1.35 million, including investors such as Floodgate and MIT. These funds will be used for hedge fund services to expand into larger information markets.n
nHowever, in the process of preparing the company to enter the competition, the founders are planning to raise $ 20 million in cash by selling tokens in August.n
nBy understanding the transaction data and strategy of the token transaction process, Zyskind believes that the user community can be encouraged to refine the hedge fund process and ultimately improve the data exchange process.n
nn”It is in line with our original idea, should encourage the provision of data to our tokens for data transfer is what we think the community is strong.”n

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