Wanted to share some final thoughts on the Enigma and Catalyst Project. I'm going to cover the hack and recent increase in cap as well.
Enigma is a decentralized data marketplace protocol and Catalyst is a platform that enables anyone to start their own crypto hedge fund. We talked about both Enigma and Catalyst and its first real life application: financial data marketplace, Catalyst empowers users to share and curate data and build profitable, data-driven investment strategies.
https://blog.enigma.co/enigma-token-sale-mechanics-part-2-36544999036b
https://www.enigma.co
I'm really interested about how it goes - if there is another drawback with the site getting hacked or if everything goes right..
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I actually don't have a problem with them raising the hard cap. In the world of stock market IPOs, it is very common to see adjustments to the exact price/size of the offering right up until immediately before it takes place.
People had a fit when Enigma did this, simply because most ICOs don't and because of the size of the increase. This is a legitimate concern. While I wouldn't consider it unusual to adjust size/price, the magnitude of the change was concerning.
Even without the increase, I feel that giving a startup $50 million or more so early in development is an absurd amount of money. This is the primary reason why I have elected not to participate and dropped my whitelist position.