Enso announced TGE on Coinlist, first auction to be conducted as an auction in 3 years.

Enso, a Web3 infrastructure project focused on creating a unified network for interacting with smart contracts across blockchains, has announced its token generation event (TGE) and public token sale on CoinList will be conducted via an auction-style sale, marking CoinList’s first auction-format token sale in roughly three years. The sale structure is framed as a “community auction,” with CoinList material describing a mechanism that allocates tokens by “filling from the bottom,” meaning bids at lower prices are prioritized and filled first until the sale’s allocation is exhausted. This approach differs from the more common fixed-price or lottery-based sales on CoinList in recent years and is being positioned as a return to earlier CoinList auction mechanics last seen in 2021–2022. According to CoinList’s sale announcement, Enso is offering 4,000,000 ENSO tokens (about 4% of total supply) at an FDV of $125 million and a price of $1.25 per token, with 100% of tokens unlocked at TGE for sale participants. The purchase window runs from mid-June 2025, with limits from $100 to $2.5 million per participant, and unsuccessful bids receive refunds after allocation. Enso’s stated goal is to provide a single integration point where developers and AI agents can read, write, and execute across any supported chain, and the ENSO token is designed for query fees, governance, staking, and validator delegation within this network. The auction-based TGE on CoinList is significant both as a distribution event for ENSO and as a test of renewed demand for community auctions on a platform that has largely shifted away from that format in recent years.

✨ AI-generated background, compiled from web sources — not editorial content.

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