Author: Sponge
Recently, Aiden Pearce, the founder of ENU (called "Avocado" in Chinese), has canceled his Telegram account. At the same time, ENU's official website shows: "ENU is dead, sell your ENU, but never buy. The whole project is controlled by some people , they want to manipulate prices.”
The project side persuaded investors to sell the coins. This is the first time I saw this in the currency circle. I thought it was a spoof, but two days later, ENU’s official website is still the same. Could it be that ENU, which was once all the rage, could not escape the fate of falling?
According to the investigation, the founder unilaterally declared suicide this time, and his actions were strongly opposed by the community and super nodes. ENU’s official blog clearly stated that the community and nodes will continue to operate.
secondary title
Internet celebrity project ENU
Before understanding the internal contradictions of ENU, let's first understand ENU and why this project has such a high degree of attention in the currency circle.
The ENU has a lofty goal of creating an "unconditional basic income" for all. By developing a UBI DApp (decentralized application), ENU provides everyone with regular UBI token income, which can be said to be unconditional and free. This application is built on the Enumivo blockchain system, and this system is completely copied from the source code of the EOS platform, so ENU is often called the "poor man's version of EOS".
However, the founder of ENU is not stingy at all. He airdropped 400 million tokens out of a total of 500 million tokens for free. In just two days, he airdropped all the tokens. The speed is amazing. Amazed, even the founder of the project said: "I didn't expect that ENU would be so popular."
What is even more surprising after the airdrop is that the pie that fell from the sky can still be sold for money! On May 3, ENU was listed on the exchange, with a price of more than 40 cents, and the highest price was 1 yuan, and the ENU in an airdrop address can be sold for 2,000 yuan. Some people worked hard to get hundreds of thousands of them overnight. Get rich by airdrops!
secondary title
The Causes and Consequences of ENU's "Death"
In fact, as early as two months ago, the founder Aiden Pearce had already started to abandon the project.
On June 28, he donated 200 million tokens on blockchain centralization.
On July 2, he had a big fight with community members because of node centralization. One of the nodes controls 6 of the 21 supernodes, as well as backup nodes. This node is a Chinese named LEX. He said that he only operates the node on behalf of him and can vote as a proxy or by himself. The founder of ENU didn't pay the bill. He felt that LEX controlled too much authority and called him "the center of the universe".
From the original positioning of the project, it is not difficult to find that the founders of ENU have idealistic feelings, and will naturally be dissatisfied with this centralization behavior. At the same time, ENU's "one vote, 30 votes, no dividends" mechanism makes the super nodes form an interest alliance, making it difficult to change according to the founder's wishes. The conflict between the founders and the nodes is becoming more and more intense, which directly contributes to the current embarrassing situation.
Now, the idealistic founder is leaving, maybe because he is dissatisfied with the power concentration of the super nodes, and on the other hand, he may choose to give up because he realizes that UBI is difficult to achieve the goal at this stage.
The move had a huge impact on the project, with the ENU token price down 11.9% in 24 hours, according to Bituniverse data.
epilogue
epilogue
After this official announcement, many community members said that after the departure of founder Aiden Pearce, ENU will become a purely decentralized community. This community-based project, which was once favored by the outside world, has now become a truly decentralized community management. After lamenting that the founder has left, we should still pay attention to the follow-up development of ENU and how ENU's future plans will be adjusted.
Some coins are alive but dead; some coins are dead but still alive. Will ENU fall because of this? It is impossible to make a conclusion at present. After all, the founder has left, but the community and nodes are still there.
