This is not a stencil font. At least it isn't intended to be. The foundation for the entire font comes from a progression in experimental rules on stroke intersections (pinching, separating) while maintaining proportions and elements from a more conventional typeface.
More latitude was given to the unicase “Fat” face but still retains the overall flavor of the original. The end result is a typeface that’s hard to categorize as any one personality. Most likely a good candidate for logo, display, or headline work, the applications for Encoder are yet undeciphered.