About the platform:
Enigma Catalyst is an investment platform that allows developers to create, test and execute micro-script funds. Through the project, developers can access the decentralized information exchange protocol and consume valuable crypto data that can be used in their strategies.
Catalyst allows developers, customers and experienced traders to easily create, simulate, validate, and ultimately support cryptic transactions in real time, using sophisticated software strategies. Regular investors can then invest directly in winning strategies through the project system.
However, to perform algorithmic trade in cryptoactive assets, reliable and up-to-date data are needed. The platform plans to study the original data sets, but in the future it is expected that most of the data will be created by the community in exchange for incentives (eg ECAP subscription fee).
By creating a decentralized data market, investors can subscribe and consume data when paying a fee to depositors who provide such data.
To provide a sense of the size of the market, the best hedge funds, such as Citadel, Two Sigma and Renaissance, spend tens of millions of dollars each year on high-quality data. Bloomberg and Thomson Reuters, the two main players in the financial data industry, received more than $ 20 billion in revenue last year.
What is the idea:
The idea was first conceived in 2015, when it was a research project at the Massachusetts Institute of Technology.
In July 2017, Catalyst Alpha was released. You can check it out here.
The minimum viable product (MVP) is scheduled to be launched in 2018 Q1. Functionality includes API testing, live trading, advanced data sets and Web interface / IDE.
In Q2-Q3 in 2018, additional functionality will be added to the Catalyst, including an investment platform, a single exchange exchange, community-based management (datasets), and commercial ICO.
It is planned that the platform will turn the system into a Q1 decentralized in 2019 together with the elimination of the custodian.