EDENCHAIN ICO: A Review

Introduction

With the growth of innovation in regards to a programmable economy; a massive technology-enabled transformation of traditional concepts of value exchange, empowering individuals and smart machines to both define value and determine how it is exchanged, factors like transaction fees, security and performance threaten to hold this platform back.

EdenChain is a blockchain platform technology that focuses on solving these technical issues by employing software and hardware that can increase the performance of the entire network and protect the blockchain against external hackers.

EdenChain uses Blockchain smart contracts to integrate real and virtual economies, creating a new and enormous economic system and programmable economy that guarantees lower transaction costs because there is no middle man, security and high performance. Their approach to solve efficiency issues without sacrificing the user’s security could turn their platform into one of the most appealing up and coming projects out there.

What is EdenChain’s vision?

The goal of Edenchain is to build an high-performance blockchain-based platform that can be useful in many industries with a wide range of applications. They aim to provide an ICO platform for start-ups to launch their own ICOs, making it comparable to NEO, Stellar and ICON. Also, since EdenChain has the ability of monetizing all kinds of assets and executing secure, cost-efficient, and faster transactions, it can be adopted across various industries, such as Internet of things (IoT), Peer-to-peer(P2P) financial platforms, Business-to-business(B2B) services, shared economy, games etc. They aspire to create a world where you are able to employ the blockchain smart contracts to capitalize any and every tangible and intangible asset into tokens and trade freely without the interference of any middleman thereby lowering transaction fees and making sure that profits are shared among members of the community.

ICO Details

They want to raise $24M in total (=1,000,000,000 EDN, 0.06 Cent for 1 EDN) through the ICO which is pretty realistic. ICOs in the under $30M sector are preferable because the sold token have most of the value in that range. Another positive is that only 40% of the $24M will be raised through the token sale and the rest will be allocated due partners, Regarding the use of the money: 50% will go straight to the tech, the rest is split between marketing, legal, security, etc. which is also well thought.

So far, there are three partners that will use the Edenchain platform with more set to roll in;

HelloEden

This will be the first ICO platform targeting Korean Market. Edenchain will provide ICO coin release, marketing, KYC, smart contract development and investment among other services.

Cleandeal

Is a B2B open-market platform, ran by YT Corp. Edenchain will provide coins and blockchain technology.

MyCreditChain

This company is using Edenchain Platform to provide coins and Blockchain Technology for rendering P2P services. This will be launched in 2019

Edenchain could be one of the big winners in 2018 because they have an ambitious Project, realistic roadmap, strong partnerships, huge hype potential and a strong team.

Teams & Advisors

Conclusion

The project is very ambitious and with a great team behind it, it's achievable. If they are able to keep focus and stick to their roadmap, they might just be one of the sleeping giants which you cannot miss out on. In my projection, the EDN token will be a 5x minimum, because ICON as a similar project went 10x from their ICO price. Let’s see, what the future brings.