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What is ENU/ETH Market and How ENUETH Shares Work

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What is ENU/ETH Market?

The ENU/ETH Market is a smart contract based automated market maker using a modified Logarithmic Market Scoring Rule by Hanson. You trade with it by sending ENU or ETH and and you automatically get the other token. The market maker is deployed in enu.eth.coin. You simply send ENU (enu.token) or ETH (iou.coin) to that address to trade.

How does the ENU/ETH market maker determine pricing?

The market maker treats its total ENU in inventory as equivalent to its total ETH. If the market maker holds 100,000 ENU and 5 ETH, that means it treats 20,000 ENU = 1 ETH or 0.00005 ETH = 1 ENU. This is the instantaneous price, however (if you buy infinitesimally small amount). As soon as you buy, the price changes, so it calculates using definite integrals:

let eth_balance = ETH held by the market maker

let enu_balance = ENU held by the market maker

if you send Qs amount of ETH, the market maker will send you Qb such that:

Qb = enu_balance - ((eth_balance * enu_balance) / (Qs + eth_balance )) 

If you send ENU, the formula applies but reverses eth_balance and enu_balance.

All trades will charge 0.3% fee which is retained by the market maker.

What are ENUETH Shares?

The ENU/ETH Market is a community owned market. All the ENU and ETH it holds are owned by investors. To keep track of their investments, ENUETH (shares.coin) tokens are issued and destroyed as needed. All ENUETH tokens represent ownership of all ENU and all ETH in the market maker. If you own 1% of all ENUETH tokens, that means you own 1% of all ENU and 1% of all ETH in the market maker.

How do i get ENUETH Shares?

If you add x percent to ENU and x percent of ETH to the market maker, the market maker will create additional x percent of ENUETH Shares and give it to you. If you return the ENUETH, your shares will be destroyed and the ENU and ETH you own will be given to you.

You can sell your ENUETH (shares.coin) by sending it to enueth.mm. This means you are divesting your shares.

Investing ENUETH, however is a bit more complicated. Since the wallet can only send one token at a time, you can either invest in ENUETH by either sending ENU or sending ETH. If you send ENU, part of your ENU will be used to buy ETH so that you will be able to add the same percentage of ENU and ETH to the pool and be issued the same percentage of ENUETH. The same formula also is used if you send ETH to enueth.mm. All the smart contracts are open source and in the enumivo repository for you to analyze.

Why should I invest in ENUETH?

Investing in ENUETH means you are helping the Enumivo community by being a liquidity provider. At the same time, you also are a passive income investor since the market maker charges fees every trade. You help the trader reduce price slippage and you get a fair share of the fees in return.

How do I get ETH (iou.coin) tokens?

Send ETH to 0x85b82C3899D90582d3d90ae39655f8362998FcB5 and include your Enumivo mainnet account as an extradata and I will issue you ETH tokens. If your ethereum wallet doesn't have a way to put extradata, let me know in advance.

How do I cashout my ETH tokens?

Send your ETH (iou.coin) to aiden.pearce and include in the memo your Ethereum address and I will send you ETH, I will deduct fees the same as bitfinex fees for ethereum withdrawals at the time of sending.

 

Translated by @PeiLin:

什么是ENU/ETH智能合约做市商,以及ENUETH股票怎么工作

ENU/ETH市场是一个基于智能合约的自动化做市商,使用Hanson修改后的对数市场评分规则。您通过发送ENU或ETH进行交易,自动获
得另一个代币。做市商部署在enu.eth.coin。您只需将ENU(enu.token)或ETH(iou.coin)发送到该地址即可进行交易。

ENU/ETH做市商如何确定定价?

做市商将它所持有的总ENU视为与其总ETH价值相等。如果做市商持有100,000 ENU和5 ETH,则意味着它认为20,000 ENU = 1 ETH或  
0.00005 ETH = 1 ENU。这是瞬时价格(你越少量购买,则成交价格越接近此价格)。一旦购买,价格会发生变化,因此使用明确的
积分进行计算:

让eth_balance = 做市商持有的ETH量

让enu_balance = 做市商持有的ENU量

如果您发送Qs数量的ETH,做市商将向您发送Qb数量的ENU,公式如下:

Qb = enu_balance  - ((eth_balance * enu_balance)/(Qs + eth_balance)) 
如果您发送ENU,则公式适用但反转eth_balance和enu_balance。

所有交易将由做市商收取0.3%交易费。

什么是ENUETH股票?

ENU/ETH做市商是一个社区拥有的市场。它持有的所有ENU和ETH都归投资者所有。为了跟踪他们的投资,ENUETH(shares.coin)令
牌会根据需要发布和销毁。所有ENUETH代币均代表所有ENU和做市商的所有ETH的所有权。如果您持有ENUETH代币的1%,那意味着您
拥有ENU/ETH做市商1%的ENU和1%的ETH。

我如何获得ENUETH股票?

如果您将ENU的x%和ETH的x%添加到做市商,那么做市商将创建额外x%的ENUETH股票并将其交给您。如果您退回ENUETH,您的股票
将被销毁,您拥有的ENU和ETH将被提供给您。

您可以将您的ENUETH(shares.coin)发送给enueth.mm。这意味着您在卖出此股票。

然而,投资ENUETH有点复杂。由于钱包一次只能发送一个令牌,您可以通过发送ENU或发送ETH来投资ENUETH。如果您发送ENU,您的
部分ENU将用于购买ETH,以便您能够将相同百分比的ENU和ETH添加到池中并获得相同百分比的ENUETH。如果将ETH发送到enueth.mm
,也会上文中的公式。所有智能合约都是开源的,并在enumivo存储库中供您分析。

我为什么要投资ENUETH?

投资ENUETH意味着您通过投资来为ENU/ETH做市商增加流动性,减小交易价格波动。同时做市商会收取交易费用。所以你也能从投资
中获得回报。

我如何获得ETH(iou.coin)令牌?

将ETH发送到0x85b82C3899D90582d3d90ae39655f8362998FcB5 并备注您的主网账号,我将向您发送Enumivo中的ETH。 

如何兑现我的Enumivo ETH代币?

将您的ETH(iou.coin)发送到aiden.pearce并备注您的以太坊地址,我将向您发送ETH,我将在发送时扣除在bitfinex中提取ETH的
相等的手续费。

Edited by enumivo
  • Like 4

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Just now, kkkk6921 said:

Does ENUETH(shares.coin) always appreciate?

Yes. The more trades happen, the value of ENUETH gets higher since it means more ENU + ETH per share.

  • Thanks 1

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If your ethereum wallet doesn't have a way to add extradata for your mainnet account, please let me know first before sending ETH to me.

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if Qs = eth_balance.......

it has the same problem with the eusltsmarket/enusatmarkt/satltsmarket,just do not exchange too many coin for one time.

am i right?

and the ENUETH is great!!!

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3 minutes ago, LALALA said:

if Qs = eth_balance.......

it has the same problem with the eusltsmarket/enusatmarkt/satltsmarket,just do not exchange too many coin for one time.

am i right?

and the ENUETH is great!!!

no it doesnt matter how much you trade it will result with the same amount even if you trade one big amount or many small amounts. it computes the area under a curve (definite integrals in calculus)

Edited by enumivo

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1 minute ago, enumivo said:

no it doesnt matter how much you trade it will result with the same amount even if you trade one big amount or many small amounts. it computes the area under a curve (definite integrals in calculus)

OK,i get it.

the area is right and should be that.

you are so great to solve this problem.

so about the enultsmarket/.../.... , you can let them right too.

in Chinese,给你打call,just means :

move my glow stick for you!

 

 

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2 minutes ago, LALALA said:

OK,i get it.

the area is right and should be that.

you are so great to solve this problem.

so about the enultsmarket/.../.... , you can let them right too.

in Chinese,给你打call,just means :

move my glow stick for you!

 

 

Just convert your LTS to ELN and trade in ENU/ELN because that is already using the new algo. The older ones will be removed once I put the BTC market and migrate the SAT to BTC.

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10 minutes ago, enumivo said:

Just convert your LTS to ELN and trade in ENU/ELN because that is already using the new algo. The older ones will be removed once I put the BTC market and migrate the SAT to BTC.

ok,i know

wait for the enu.btc.coin and enubtc.mm~

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3 minutes ago, LALALA said:

ok,i know

wait for the enu.btc.coin and enubtc.mm~

i'll observe first the ENU/ETH for a while before adding BTC

 

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20 minutes ago, enumivo said:

i'll observe first the ENU/ETH for a while before adding BTC

 

the frame is like this.

am i right?

will add EOS/ETH and etc?

(in library,just use pen to draw it…2018-11-01_21_55_16.thumb.jpg.8e7666b4e32aab99c2ba809a33076b9d.jpg

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9 minutes ago, kkkk6921 said:

Maybe something wrong, I buy ENUETH with 1000 ENU, but I only get about 720 ENU when I sell 

check  if you get some ETH?

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1 minute ago, LALALA said:

check  if you get some ETH?

Yes,I get 367 ENU and some ETH,I sell ETH and get 370 ENU,367 + 370 = 737 ENU

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I think ENUETH (shares.coin) does not always appreciate, it may also cause you lose, let us observe for a while.

Edited:

Now I know, buying bigger portions on one side (one token), will cause a big price slippage. This is the reason.

Edited by kkkk6921

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1 minute ago, kkkk6921 said:

I think ENUETH (shares.coin) does not always appreciate, it may also cause you lose, let us observe for a while.

you account?

i checked just now. did not find problem.

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什么是ENU/ETH智能合约做市商,以及ENUETH股票怎么工作

ENU/ETH市场是一个基于智能合约的自动化做市商,使用Hanson修改后的对数市场评分规则。您通过发送ENU或ETH进行交易,自动获
得另一个代币。做市商部署在enu.eth.coin。您只需将ENU(enu.token)或ETH(iou.coin)发送到该地址即可进行交易。

ENU/ETH做市商如何确定定价?

做市商将它所持有的总ENU视为与其总ETH价值相等。如果做市商持有100,000 ENU和5 ETH,则意味着它认为20,000 ENU = 1 ETH或  
0.00005 ETH = 1 ENU。这是瞬时价格(你越少量购买,则成交价格越接近此价格)。一旦购买,价格会发生变化,因此使用明确的
积分进行计算:

让eth_balance = 做市商持有的ETH量

让enu_balance = 做市商持有的ENU量

如果您发送Qs数量的ETH,做市商将向您发送Qb数量的ENU,公式如下:

Qb = enu_balance  - ((eth_balance * enu_balance)/(Qs + eth_balance)) 
如果您发送ENU,则公式适用但反转eth_balance和enu_balance。

所有交易将由做市商收取0.3%交易费。

什么是ENUETH股票?

ENU/ETH做市商是一个社区拥有的市场。它持有的所有ENU和ETH都归投资者所有。为了跟踪他们的投资,ENUETH(shares.coin)令
牌会根据需要发布和销毁。所有ENUETH代币均代表所有ENU和做市商的所有ETH的所有权。如果您持有ENUETH代币的1%,那意味着您
拥有ENU/ETH做市商1%的ENU和1%的ETH。

我如何获得ENUETH股票?

如果您将ENU的x%和ETH的x%添加到做市商,那么做市商将创建额外x%的ENUETH股票并将其交给您。如果您退回ENUETH,您的股票
将被销毁,您拥有的ENU和ETH将被提供给您。

您可以将您的ENUETH(shares.coin)发送给enueth.mm。这意味着您在卖出此股票。

然而,投资ENUETH有点复杂。由于钱包一次只能发送一个令牌,您可以通过发送ENU或发送ETH来投资ENUETH。如果您发送ENU,您的
部分ENU将用于购买ETH,以便您能够将相同百分比的ENU和ETH添加到池中并获得相同百分比的ENUETH。如果将ETH发送到enueth.mm
,也会上文中的公式。所有智能合约都是开源的,并在enumivo存储库中供您分析。

我为什么要投资ENUETH?

投资ENUETH意味着您通过投资来为ENU/ETH做市商增加流动性,减小交易价格波动。同时做市商会收取交易费用。所以你也能从投资
中获得回报。

我如何获得ETH(iou.coin)令牌?

将ETH发送到0x85b82C3899D90582d3d90ae39655f8362998FcB5 并备注您的主网账号,我将向您发送Enumivo中的ETH。 

如何兑现我的Enumivo ETH代币?

将您的ETH(iou.coin)发送到aiden.pearce并备注您的以太坊地址,我将向您发送ETH,我将在发送时扣除在bitfinex中提取ETH的
相等的手续费。

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3 minutes ago, LALALA said:

you account?

i checked just now. did not find problem.

If you buy it and sell it right away, you won't find the problem, buy it for a while. Some accounts bought it a few hours ago, maybe they will find problems in these days.

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39 minutes ago, kkkk6921 said:

Maybe something wrong, I buy ENUETH with 1000 ENU, but I only get about 720 ENU when I sell 

when you sell ENUETH you get both ENU and ETH

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3 minutes ago, kkkk6921 said:

If you buy it and sell it right away, you won't find the problem, buy it for a while. Some accounts bought it a few hours ago, maybe they will find problems in these days.

it is normal

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4 minutes ago, enumivo said:

can you trying doing it a smaller amount if the effect is the same?

ok, I will try

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i tried it with 247 ENU and it works just fine

i bought 247 ENU

http://enumivo.qsx.io/transactions/c8835aab0a0498d0874d3e288d5a9f21cff3b41565fc35fd4053802e2c1a582b

got 2.8715 ENUETH

 

i sold 2.8715 ENUETH and got 0.00801599 ETH and 123.8051 ENU

http://enumivo.qsx.io/transactions/9129efc1ffdb750c060c3b4165c4fed730694099d7f9ee2a694ec362708e20ce

 

then i sold the 0.00801599 ETH and got 122.8234 ENU

http://enumivo.qsx.io/transactions/1185c9b5cd3c21baf05d22cb1b77c5453559a04ef2e649ef61b9cd31e7ffe8da

 

so 122.8234 ENU + 123.8051 ENU = 246.6285 ENU which is almost near the 247 ENU

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