Enigma Catalyst - That Sneaky Uncle Asking You For More Money
The crypto-community just felt a large blow today thanks to Enigma. Announced earlier today is an increased overall token supply by 50%, just days leading to the ICO. It is interesting to note how they slipped this one onto us.
https://imgsafe.org/image/f824cb2cc4
The outrage and wrath was displayed heavily on their slack following their announcement. It's funny how they would bold certain texts in the article, but would try to hide this on the bottom of a paragraph. They also left that part out of their "summary" which one would think should of been included.
After the backlash during the day, they had the audacity to justify their cap raise with a follow announcement. They blame the demand, how it's not enough for the community, but what they really mean it's not enough profit for THEM. They wanted a cool extra 7.5 million profit for yourselves (see original picture).
"Everything announced today was an extremely difficult decision hence the delay." Nah, you are just showed your true colors.. It wasn't bad enough that you got hacked like a novice that you are, but I guess MIT didn't teach you to have any common sense. You screwed those that backed you on the pre-ico, the community that launched the hype for you, and the future investors.
But dammit, after all of that, I'm still buying. God dammit greed you got us all.
Credit to crushcrypto for providing the first image. For a detailed and updated analysis please vsit:
https://crushcrypto.com/analysis-of-enigma-catalyst/
https://medium.com/@EnigmaMPC/enigmas-token-sale-full-details-4d70c56510ba