Burn ENG for SCRT! Draft proposal (Links updated to v1.0 on 3/7/2020) https://github.com/secretnodes/secretnodes.org/blob/master/docs/papers/Burn_ENG_for_SCRT-v1.pdf

2020-12-29

SCRT is the native coin of the Secret Network blockchain. It is used to for staking and governance on the Secret Network. SCRT has a theoretical initial supply of 150 million SCRT (more on this in a moment). Binance begins token swap from ENG to SCRT. Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis. The ENG swap contract burns the tokens and the Dapp notifies you when the ENG has been burned. Now that the ENG tokens have been burned the tokenswap processes work together to securely sign the PROPOSAL DESCRIPTION This proposal lays out the high level plan for Burn ENG for SCRT!

Enigma (ENG) is a crypto platform that’s trying to solve the problem of privacy on the blockchain by giving access to data storage and privacy while remaining scalable. Enigma aims to extend Ethereum Smart Contracts by introducing secret contracts. There is an ongoing community-organized swap between ENG and SCRT (the native coin of Secret Network) that is expected to last until at least the end of 2020. The swap is 1:1 between ENG and SCRT. More information can be found on these other sites: ENG to SCRT swap reopening. Could we have a reopening of the swap for just 1 day, which would be announced well in advance?

Binance begins token swap from ENG to SCRT. Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.

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The SEC claims that the ENG Tokens are securities and that Enigma did not register It is also secured by a new native coin, Secret (SCRT), which is used for

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The ENG swap contract burns the tokens and the Dapp notifies you when the ENG has been burned. Now that the ENG tokens have been burned the tokenswap processes work together to securely sign the PROPOSAL DESCRIPTION This proposal lays out the high level plan for Burn ENG for SCRT! SCRT (“Secret”) is used for staking, governance, and transaction fees within the Enigma network which is now LIVE based on Cosmos SDK/Tendermint. Furthermore, any ENG tokens returned in the claims process related to the Enigma ICO will not be swapped, and any SCRT coins returned by ICO participants will be burned.

Furthermore, any ENG tokens returned in the claims process related to the Enigma ICO will not be swapped, and any SCRT coins returned by ICO participants will be burned.
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ENG is a centralized erc20 token controlled by enigma, the community enabled an optional eng to scrt burn for those who wanted to migrate over to a new network / new coin / with new distribution. There is no legal or moral obligation for the secret network or it's community members to further support minting.

Binance begins token swap from ENG to SCRT. Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis. The ENG swap contract burns the tokens and the Dapp notifies you when the ENG has been burned. Now that the ENG tokens have been burned the tokenswap processes work together to securely sign the PROPOSAL DESCRIPTION This proposal lays out the high level plan for Burn ENG for SCRT! SCRT (“Secret”) is used for staking, governance, and transaction fees within the Enigma network which is now LIVE based on Cosmos SDK/Tendermint.