Earlier today, Enigma published an article (https://medium.com/@EnigmaMPC/enigmas-token-sale-full-details-4d70c56510ba) which seemingly wanted to pioneer a new ICO process which includes a refund element to 'democratize participation'. While ensuring widespread distribution of tokens is a genuine benefit to enhance vibrancy of the ecosystem, founder's greed and attempts at money grabs are a huge red flag for Enigma's ICO.
In long article, Enigma sneakily inserted an additional line, hoping that prospective investors of Enigma would miss it when reading the convoluted ICO process.
Enigma made no attempts to justify the need for raising additional $15m for their project, and it is an obvious attempt at greed just because they can.
Earlier mistakes such as poor security measures which resulted in their website and slack channel being compromised, was forgiven quickly by investors. This time, the founders greed on the other hand, cannot be forgiven.
As a community, it is essential to avoid such ICOs, to ensure that we do not inadvertently encourage the wall street mentality into a budding blockchain ecosystem. Stay safe, and preserve your wealth.