Enso Launches $5M Community Token Round for Its Blockchain Infrastructure Platform on CoinList

Enso, a blockchain infrastructure provider, has launched a $5M community token round on CoinList, according to a report shared with Finbold.

CoinList is launching a community token round for Enso, a blockchain infrastructure provider, to raise $5 million. The round will make 4% of the project’s total supply of 100 million ENSO tokens available to the public.

The token sale will begin on June 12 at 5 PM UTC and conclude on June 19 at 5 PM UTC. Community members can participate in the community token sale and acquire ENSO tokens at a fully diluted valuation (FDV) of $125 million, which is lower than the valuation reached in a recent venture capital round.

Enso has secured funding from prominent Web3 venture capital firms, including Polychain Capital, Multicoin Capital, Spartan, Dialectic, Cyberfund, and IdeoVentures.

The company has developed a novel technology that provides what it calls “blockchain shortcuts” to streamline the process of onchain development and deployment.

At the heart of the platform lies a unification of major blockchain frameworks into a single network. This unique structure grants developers a single point of access to seamlessly interact with smart contracts on various chains through a single integration.

Highlighting the significance of the community token round, Enso Co-Founder Connor Howe stated:

“The $ENSO token plays a critical role within the Enso ecosystem and the CoinList community round will be pivotal in democratizing access to it. With the support of our growing community, we’re on course to launch a new era for blockchain interoperability that’s easier for developers and users alike to interact with.”

Enso's technology is already being utilized by over 100 enterprises from diverse industries, including AI agents, blockchains, restaking, asset management, cross-chain infrastructure, and decentralized exchanges.

The platform has already facilitated the settlement of over $15 billion in value onchain.

In essence, Enso empowers developers to effortlessly specify their intents, which are then intelligently translated into intricate workflows that engage with smart contracts spanning multiple blockchains.

This universal abstraction layer serves to systematically standardize actions performed onchain, eliminating the need for developers to become engrossed in the complexities of individual protocols.

Operating as an open-source network, Enso fosters an ecosystem where developers and advanced AI engines can seamlessly contribute valuable data feeds and smart contract programs for optimal execution.

Participants interested in joining the community round can register at coinlist.co/enso.