Enno Wallet's ENNO Cash is not just another crypto token; it's an integral component designed to supercharge your DeFi experience. Active Enno Wallet users can earn these governance tokens, unlocking a myriad of benefits such as staking incentives, transaction fee sponsorships on Waves Blockchain, and exclusive voting rights in the platform's governance. As a native utility token, ENNO Cash provides users unique opportunities to maximize earnings and ensure that their voices are heard within the community. Dive in to explore how ENNO Cash underpins a more engaging, rewarding, and user-centric DeFi ecosystem.

What is ENNO Cash?

ENNO Cash is the native utility token of Enno Wallet, a non-custodial mobile crypto wallet and gateway to Decentralized Finance (DeFi). The token serves multiple purposes and addresses various use cases within the Enno Wallet ecosystem.

Key Features and Use-Cases of ENNO Cash

1. Sponsored Assets: ENNO Cash holders can use their tokens to sign transactions on the Waves Blockchain, enabling sponsored assets. This feature allows users to transact without spending their ENNO Cash tokens, as the token holders sponsor the transaction fees.

2. Staking Incentives: ENNO Cash holders can stake their tokens to receive daily Enno Cash rewards, providing a passive income stream for token holders and incentivizing long-term token ownership.

3. Governance: ENNO Cash stakers can participate in the governance process by voting on product parameters and determining the weights of rewards for distribution in the future. This feature allows token holders to influence the direction and development of the Enno Wallet platform.

4. Enno Wallet Club Membership Rights: ENNO Cash tokens are distributed to active Enno Wallet users based on the size of their activities. This distribution mechanism incentivizes user engagement and rewards users for their activity within the Enno Wallet ecosystem. Additionally, ENNO Cash token holders enjoy retroactive incentives and privileges when joining Launchpad, Airdrops, Contests, or events.

Enno Wallet: The Gateway to DeFi

Enno Wallet is a non-custodial mobile crypto wallet that serves as a gateway to Decentralized Finance (DeFi). It gathers all DeFi platforms on the blockchain together and offers a great user interface and user experience. Enno Wallet is live on both iOS and Android, allowing users to securely store, swap, stake, send, and receive their crypto assets on the platform.

Mission and Vision

The mission of Enno Wallet is to create an intuitive crypto wallet and enable crypto holders to maximize the earning potential of their crypto assets. The vision is to build a better financial system, named "Ennovation."

Integrated DeFi Platforms

Enno Wallet has implemented three DeFi platforms, with more to come:

1. Vires.Finance: A decentralized lending and borrowing platform. Users can provide or remove liquidity through Enno Wallet.

2. Neutrino Protocol: A decentralized ForEX (DeFo) platform that brings old markets to the new world. It provides effective tools for swapping stable assets via smart contracts. Users can stake algorithmic stablecoins through Enno Wallet.

3. Swop.fi: A service for instant exchange of cryptocurrencies and passive income from investments in cryptocurrencies. Users can exchange one crypto to another in seconds. Enno Wallet is integrating Swop.fi Launchpad and liquidity pools after the IDO.

The DeFi Landscape

As of April 2021, at least 2 million wallets have interacted with DeFi protocols, and the DeFi market cap reached $100 billion. Crypto experts expect a 50% average annual growth rate by 2024. However, most DeFi platforms do not come with a mobile app, and those that do are not user-friendly. DeFi platforms are complex and create entry barriers for users. DeFi mobile apps often open a mobile browser, causing users to experience constant connection problems.

Enno Wallet aims to address these issues by providing a user-friendly, intuitive, and secure mobile app for DeFi interactions.

Tokenomics and Distribution Model

The ENNO Cash crypto token, also known as ENNO, has a total supply of 10 million tokens. The tokenomics and distribution model are designed to ensure a fair and effective distribution of tokens among various stakeholders.

Allocation

• Early-Bird Rewards: 10% of the total emission (1 million ENNO) is allocated for early-bird rewards, with a 2-year vesting period (500k each year).
• Development & Marketing Activities: 10% of the total emission (1 million ENNO) is allocated for development and marketing activities, without a vesting period.
• Referrals, Bounties, and Contests: 5% of the total emission (500k ENNO) is allocated for referrals, bounties, and contests, without a vesting period.
• Token Sale: 15% of the total emission (1.5 million ENNO) is allocated for the token sale.
• Private Investors and Team: 10% of the total emission (1 million ENNO) is allocated for private investors and the team, with a 5-year vesting period (200k each year).
• Enno Wallet Users: 50% of the total emission (5 million ENNO) is allocated for Enno Wallet users, with a 5-year vesting period (1 million each year).

Vesting Schedule

The total maximum supply of 10 million $ENNO will be gradually emitted through a 5-year vesting period. This ensures long-term commitment from the team and advisors and a gradual increase in the circulating supply.

Inflation Control Mechanisms

To control inflation, ENNO Cash has implemented mechanisms such as token burning and staking rewards. A portion of the transaction fees is used to buy back ENNO tokens from the open market, increasing the token's value and reducing the circulating supply over time.

The Team Behind ENNO Cash

The team behind ENNO Cash consists of experienced professionals with diverse backgrounds and expertise in blockchain technology, cryptocurrency, and decentralized finance. Here are the core team members:

1. [Name] - Position
2. Background: [Brief description of their background, including education and previous roles]
3. Expertise: [Key areas of expertise and skills they bring to the team]

4. Previous Experience: [Notable previous roles or achievements in the blockchain or relevant industries]

5. [Name] - Position

6. Background: [Brief description of their background, including education and previous roles]
7. Expertise: [Key areas of expertise and skills they bring to the team]

8. Previous Experience: [Notable previous roles or achievements in the blockchain or relevant industries]

9. [Name] - Position

10. Background: [Brief description of their background, including education and previous roles]
11. Expertise: [Key areas of expertise and skills they bring to the team]

12. Previous Experience: [Notable previous roles or achievements in the blockchain or relevant industries]

13. [Name] -