Bitcoin Forum

https://i.imgur.com/vQu1IDj.png

General questions

Where is EdenChain incorporated?

EdenChain Partners is incorporated in the BVI. Our registered office is Intershore Chambers, Road Town, Tortola, British Virgin Islands We also have an office registered in Singapore at The Arcade Building, 11 Collyer Quay, Singapore 049317.We are incorporated overseas because we have decided this will help reduce our exposure and risk to the potential of government regulations affecting the future of EdenChain’s development.

Where is EdenChain based?

The team is based in Seoul, South Korea. The office is in Gangnam.

What is EdenChain’s vision?

In one sentence, EdenChain is a blockchain-based platform that allows all the values to be capitalized and traded. The platform works on what is called a Programmable Economy Platform technology, and can capitalize and trade all kinds of assets.
We envision 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.
EdenChain believes that with the application of Programmable Economy, transaction costs can be lowered, profits shared among the community members, and a new market through the capitalization of foreign and domestic goods can be created.

What exactly can EdenChain do?

EdenChain is looking to be the global platform for a programmable economy. We seek to build a highly secured inter-operable, high performance blockchain with low processing fees. EdenChain can be used in a wide range of applications and industries; to provide an ICO Platform for start-ups to launch their own ICOs across all sectors such as IoT, B2B, services, P2P Finance, shared economy and etc. EdenChain supports Solidity, currently the most popular smart contract language. As smart contracts are heavily used for sensitive services such as payment and settlement, stable and reliable smart contract programming languages are more important than programming languages that are easily written by developers.

What is EdenChain trying to solve?

The successful implementation of Programmable Economy platform brings with itself two major problems—performance and non-secured connectivity. EdenChain focuses on solving these technical issues by employing software and hardware that can elevate the performance of the entire network and protect the blockchain against external hackers. 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 IoT, Finance, Shared Economy, Games, ICO and etc.

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Technology questions

How scalable is EdenChain?

EdenChain can execute a large number of transactions quickly. The Namespace technology employed by the platform separates unrelated transactions from each other, thereby allowing the processing of multiple transactions in parallel. We have no data consistency problem so adding more computing resources to system will increase performance in linear manner.

How fast is EdenChain?

In theory, EdenChain can handle an infinite number of tps because there is no limit to number of namespaces and transactions in each namespace can be ran in parallel. Each namespace runs 1,000 tps. In this sense, with more computing resources available for use to deploy the namespaces, the total tps of EdenChain will scale linearly. We will need to conduct further tests to determine the exact number of tps.

How secured is EdenChain?

EdenChain employs the E-bridge layer to retrieve data from numerous data sources, encrypts this data and makes use of the median voter theorem (MVT) to protect this data from being compromised.

When will the MVP be out?

EdenChain Alpha version will be out in late April.

When will we be able to look at Github?

Our Github will be out in late April.

Will there be Masternodes?

Yes, there will be Masternodes. More details about Masternodes will be announced as the team develops EdenChain.

Can DApps be built on EdenChain?

DApps can be built on EdenChain.

What consensus algorithm is being adopted?

EdenChain utilizes both a hardware and software solution to arrive at a consensus.
Firstly, EdenChain uses Proof of elapsed time (PoET), designed and marketed by Intel. This works similar to Proof of Work (PoW), but requires far less amount of electricity as a leader is selected at random to solve for the next block. The integrity of the selection process is secured by Intel’s Software Guard Extension (SGX). The second consensus protocol is Median Voter Thereom (MVT) for continuous-type data fed to the nodes by E-oracle servers.
EdenChain also has a unique triple layer architecture — the base layer, the validation layer (virtual machine), and the off-chain communication layer with oracles.

Does EdenChain support interoperability?

Yes, it does with a highly secured interoperability between on-chain and off-chain services.

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Governance questions

What is the total supply and circulating supply?

Total: 1 billion EDN (no more tokens will ever be created)
Circulating: 400 million EDN

Is this an ERC-20 token?

Yes. When the mainchain is completed in 1Q 2019, each EDN will be exchanged 1:1 with the main EdenChain token.

What will happen to the unsold tokens?

Any unsold tokens will be burnt.

Which countries are restricted from investing in EdenChain?

Citizens of the US, China and Iraq are restricted from investing in EdenChain.

What will drive demand for EdenChaincoins?

Node participants will require holding a certain amount of EDN (i.e. masternodes). Service providers will also require EDN to provide blockchain services (B2B, B2C, C2C). Consumers will also require EDN to use the services of the service providers.
Service providers’ service deposits is a deposit you pay to use the EdenChain Platform. There are several reasons for receiving deposits in the EdenChain. The main reason is risk management. Service providers using the EdenChain platform will most likely issue coins. Since issued coins can be exchanged with other coins in the EdenChain, the value of the coins must be maintained and stable. Service deposits can be converted to resolve problems in the event of an incident and can be returned when the service provider terminates the service.
Consumers, like service providers, must pay for transaction processing costs or currency exchange costs with EdenChain. Another use of EdenChain is the use of Secured Wallet. Secured Wallets are hardware based and it greatly increase security compared to software wallets, reducing the risk of hacking. Consumers are required to pay a fee or deposit to use the Secured Wallet provided by EdenChain.
The node participant must deposit a certain percentage of the expected transaction processing revenue to obtain authorization to process transactions originating from EdenChain

How will EdenChaincoins hold value?

EdenChaincoin introduces a hyperdeflation model to preserve the value of coins. Initially, tokens will continue to increase from 400 million through token sales, but starting in 2020, annual coins will be burned at transaction rates of a certain percentage, resulting in a gradual decline in circulation and coin volume. As the EdenChain Ecosystem is activated, demand steadily increases, but the supply gradually decreases, so prices can rise according to the principle of supply and demand.

Why do you use a valknut?

At first I used the wrong filler image, sorry. Updated with the right one. EdenChain had a community voting to choose a new logo, here's the article about it https://edenchain.io/the-symbolism-of-edenchains-new-logo/

A permissions blockchain is just a glorified database
. You're selling a scam.

Please take a look at project WP (https://edenchain.io/wp-content/uploads/2018/05/EdenChain-Whitepaper_v1.2.pdf)  and 2 released MVP. In future please be more specific and backup your statements.

Only those who were whitelisted and passed KYC can participate in Crowdsale. So only the people who trust the project will be able to buy it...

You publish the ANN after closing the whitelist. Geniuses

Crowdsale round has just started!

Instructions from telegram for participating in crowdsale round1 (ROUND 1 0700 UTC to 1900 UTC, 24 May 2018 )

1. Login at https://edenchain.io/tokensale/ using your whitelisted email address and ETH address. PLEASE CHECK THE URL VERY CAREFULLY TO ENSURE THAT YOU ARE ON THE CORRECT WEBSITE

2. After login, you will be given an ETH address for you to send your contributions to Edenchain. There will be a video of James Ahn, showing you the first 4 and last 4 characters of the wallet to send the contribution. PLEASE CHECK CAREFULLY THAT THE ETH ADDRESS IS LEGITIMATE FROM EDENCHAIN

First 4 character of contribution address: 35eB
Last 4 character of contribution address: 9713

3. Send EXACTLY 1 ETH to the contribution address

IMPORTANT NOTES FOR ROUND 1:
- Individual allocation is guaranteed
- If you send more/less than 1 ETH, THE ENTIRE CONTRIBUTION will be refunded and your contribution will not be successful.
- We recommend using at least 20 GWEI and 40000 gas to ensure that your transaction reaches us in time.

Looks like there are some issues with official site. Please wait till it will display the address and do not fall into scams! Scammers try to post fake ETH addresses in telegram.

There's 12 hours (ROUND 1 0700 UTC to 1900 UTC, 24 May 2018) to make a contribution, 1 ETH is guaranteed, no need to rush.

Latest official update:

"Due to the large volume of traffic, our website is down. We will pause the crowdsale for now and re-announce the timing for Round 1 once we are able to sort the issue out. 

Allocations will not change. Please be patient with us as we sort out the issue!"

The site is fixed now, Crowdsale resumed.

Please click on the "Check Whitelist" button in order to login. You will see contribution instructions!

"You should see a video with James writing down part of the ETH address.
If you do not see the video with James in it, it is a scam website. Please be very careful !
Please triple check the address and the video !"

While waiting for the website's website to be updated, and hope to be finished soon so that it can crowdsale smoothly, hoping nobody abuses Edenchain website.

ROUND 2 0700 UTC to 1900 UTC, 25 May 2018

1. Edenchain will announce the total amount of allocation available for ROUND 2 at by 0600 UTC, 25 May 2018.

2. Login at https://edenchain.io/tokensale/ using your whitelisted email address and ETH address. PLEASE CHECK THE URL VERY CAREFULLY TO ENSURE THAT YOU ARE ON THE CORRECT WEBSITE

3. After login, you will be given an ETH address for you to send your contributions to Edenchain. There will be a video of James Ahn, showing you the first 4 and last 4 characters of the wallet to send the contribution. PLEASE CHECK CAREFULLY THAT THE ETH ADDRESS IS LEGITIMATE FROM EDENCHAIN

First 4 character of contribution address: e8Ee
Last 4 character of contribution address: L18e

4. You must send a MINIMUM of 1 ETH or a MAXIMUM of 3 ETH to the contribution address

IMPORTANT NOTES FOR ROUND 2:
- The ETH wallet used in ROUND 2 is different from ROUND 1
- You must send a minimum of 1 ETH and a maximum of 3 ETH. Otherwise, your entire transaction will fail and it will be refunded.
- ROUND 2 is on a first come first serve basis. Excess funds sent to the contribution addressed will be refunded as soon as possible.
- If your contribution was not refunded, it is successful

Info from telegram

Infamous name choosen for crypto....   :'(

EdenChain is currently a high-hype project with Quarkchain and Atonomi. This makes the community less interested in other physical factors such as the human factor. EdenChain's team has many years of experience in Information Technology, but not much experience in blockchain programming. I need to analysis this project carefully.

ROUND 2 will start on 0700 UTC

The total allocation available in Round 2: 300 ETH

Minimum contribution: 1 ETH
Maximum contribution: 3 ETH

ETH rate is pegged to $615 USD.

Round 2 will start in 10 minutes  :o

Edenchain crowdsale is over!

DO NOT SEND ANYMORE ETH TO THE CROWDSALE ADDRESS

Thank you for your massive support.

Some statistics about the crowdsale:
- 8,500 accounts were whitelisted over three rounds (1 Apr, 22 Apr, and 15 May)
- After conducting KYC, 3,500 accounts were successfully verified. We removed 5000 accounts due to incomplete submissions, prohibited nationalities and duplicated submissions.
- 3,230 accounts participated in Crowdsale Round 1. An impressive 94% participation rate despite the bear market.
- Round 2 was closed under 1 minute

- 3,230 ETH was raised in Round 1
- 300 ETH was raised in Round 2

FAQS about crowdsale:
1. When will token be distributed?
+ Token distributed will start one day before exchange listing. The distribution will be done in equal portions over 5 months

2. How do I know that my contribution was successful?
+ If you sent us exactly 1 ETH during ROUND 1 and the transaction time was between 0700 to 1900 UTC 24 May 2018, your contribution was successful.
+ For ROUND 2, we will update shortly.
+ If you sent us multiple transactions or was not whitelisted or sent us more than maximum cap, the duplicated/excess contributions will be refunded.

3. When will Edenchain be listed on an exchange?
+ We’re unable to comment on when Edenchain tokens will be listed.

4. When will refunds be given?
+ Refunds will be given as early as possible.

5. Why did Edenchain not reopen the whitelist after some KYC had failed?
+ This was the reason why we reopened the whitelist on 22 April to allow for more people to be whitelisted, and subsequently held a lottery for more people to participate.

Let's do calculations:

3230 + 300 = 3530 ETH collected in the public sale.
4040 ETH * 615 USD/ETH = 2,484,600 USD raised in both crowdsales

If you wanted to raise 24 million in total, that would mean that in the pre-sales you have raised 21,829,050 USD.

So, in the crowdsale you have sold:
2,484,600 / 24,000,000 * 40% = 4.141% of the total supply.

I was worried about the distribution and you just confirmed it.
Worst of all is that it will go up a lot in price because it has a very limited public distribution.
Good luck with your project.

Update to the crowdsale, 3,230 ETH was raised in Round 1 and 810 ETH was raised in Round 2.

Based on this figure, ~10% of the hardcap was sold to the community.

Additional, despite the best effort of Edenchain team to shut down pools, there still remains some pools which exist that we do not have sufficient evidence to refund them. Hence, true allocation taken by the public is larger than 10% of the hardcap.

It is also important to note that based on Edenchain's tokenomics, the majority of the tokens will be used by enterprise users who are looking to tokenise their products and services on Edenchain platform. Enterprise users need the tokens as:
1. Service Deposit: A portion of tokens must be locked up to lower the risk of malicious users attempting to hog namespaces.
2. Transaction fees: Incurred for every transaction on Edenchain. Purpose is to compensate node operators for their services.

The general community who would likely use it for exchange fees or participation in future ICOs on the Edenchain platform.

In view of the potential use cases of the tokens, we view that the distribution was most appropriate. It should not be assumed that the larger the public distribution, the more equitable the token distribution is before you even critically analyse the use case of the tokens.

Thanks Ribokun for your comments.

If you carefully analysed the team, you would notice that their strength comes from the 70+ over years of experience that the four core developers have. These are not just recent graduates from schools with no business experience. Instead, they are seasoned high technology developers who have worked for governments and large corporations to use technology to gain efficiency gains and increase security.

Here's an article to find out more about the team. https://edenchain.io/an-opportunity-to-get-to-know-more-about-our-founders-and-core-developers-2/

Edenchain was not built on a set of ideals about how a blockchain platform ought to be. Instead, it was designed with the enterprise user in mind. Our team knows that corporations need transactions to be processed reliably, have stable & low fees, highly secure on-off chain interoperability, scalability, efficiency, customisability, and privacy. Additionally, Edenchain also uses RESTful APIs to lower the barrier to blockchain adoption. Many enterprises do not have the resources to hire blockchain developers who are extremely expensive to hire. However, most developers are already comfortable using APIs and this would ensure that they can harness the power of blockchain technology readily.

<wrong>Lies. Based on those numbers you have only sold 4% of the total supply during both crowdsales.
If you want to refute me, show the complete numbers of the distribution. Don't come here to tell me it's 10% because yes.</wrong>

And that isn't the only problem because, if you are going to release only 20% of the total supply each month, that would imply that only 1% of the total supply would be available for those who participated in the crowdsales at the beginning.

All this under the excuse that this way there won't be P&D. I think you are looking for the pump without the dump.

You've misconstrued my words. These are accusations that you have raised against Edenchain without any merit.

1. Yes, 4% of TOTAL supply was sold to the crowd during tokensale. Since 40% of total supply was sold, that means that 10% of the tokensale was sold during crowdsale. (To aid your understanding, the mathematical formula for this is 0.04/0.4 = 0.1)
2. The token distribution of 20% a month, distributed over 5 months was put in place because we wished to deter short-term investors (aka flippers) from entering the project. The community, including enterprises, strategic partners and future users of the platform, are important to a blockchain platform such as Edenchain and we want to give allocation to those who are aligned with our vision.

In our view, especially considering that Edenchain was designed to be a platform for enterprise users, the allocation of our total token supply makes sense because a key user of the platform will be enterprises.

True, you said hard cap, no max supply. Sorry for the misunderstanding.
But I still find your distribution worrisome.

Why would it be worrisome though? Ultimately, the tokens should be sold to the users of the token, with Edenchain tokens being a utility token.

There are some use cases for the general community using the tokens, but we expect that majority of the demand for the tokens will come from enterprises in the future because they are the main user of the Edenchain platform.

We have carefully considered allocating tokens to those who are the most likely to need the tokens in the future when the platform is live.

Project looks pretty hyped and legit with all the number of telegram members in the group. Definitely the next big thing that i am looking out for! Gutted to miss the crowdsale  :'( :'( :'(

Hi, everybody. Any information on when the team will start distributing tokens? It's been almost a month since the end of the token sale.

As far as I know - August 2019, but 20% monthly until the end of the year.

James Ahn, CEO of Edenchain, introduced the need for blockchain infrastructure and the standards required for the infrastructure needed
https://edenchain.io/edencchain-at-open-infra-days-korea-2018/

A programmable blockchain economy is what edenchain aims to provide which I think is a good concept which would be successful in attracting many investors. The team consists of experienced members and the roadmap and white paper seem well thought and presented. Overall I think it is a good project but not good but not good enough for investing.

Edenchain is tremendously enriching the blockchain technology based business sector and opened a new immerge of business system to its valuable users.

I think this is a great project and for this reason I joined. I'm very interested in the blockchain

I think this is a very popular topic.If everything is properly implemented, the business will be quite popular and therefore profitable.I would like to know at what stage of development the project is now and when it will be listed?And what kind of stock exchange are you going to enter?

At last Edenchain unlocked and listed to exchanges. Can anyone tell me, what price was on ICO? Total supply is 1 billion, but how many in circulating?

I'm a bit upset that my investment in EDEN didn't live up to expectations. The token is now trading at a price slightly below the ICO price.

Such as a lot of other projects in this bear market. They are quite active in social media and announced a masternodes program. But this is a Korean blockchain and they already have much more strongest competitor ICON and they already launched maiinet. So Edenchain must offer something better for bring attention and popularity ...

And the team has unlocked only 40% of tokens. I think in 2 weeks the price will drop even more (when the team unlocks the next 20%)

👉Edenchain and Kongju National University have signed a business agreement (MOU) to explore start-ups based on blockchain platform technology and to promote collaboration in public technology commercialization.

https://t.co/HXBmcWtOEd

Dear Edenchain Team
Your coin may be free of listing on Aiodex if the number of votes is large enough ☞ https://aiodex.com/vote
If you do not want to vote, please fill out the Quick List:
1. 0.5 BTC will be listing in 7-10 days
2. 1 BTC will be listing in 3 days
3. 2 BTC will be listing in 24 hour
4. Other Payment using ETH or GEEK or Your coin with equivalent from 0.5 BTC to 2 BTC
Explorer free for any coin listed ☞ https://explorer.aiodex.com/
Please, Don't hesitate to let us know if you have any questions.
Sincerely,
Aiodex Team
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Which tokens you mean? They have pre-sale or private sale as well? Or this is tokens for advisors or team? How many tokens they were sold overal (on private sale, pre-sale and main token sale)? And where I can see their tokens unlocked plan and distribution? And where is going their roadmap?

Tokens from the public sale are blocked and issued at 20% every month. The last batch of tokens will be paid in January. November 16 will pay another 20%, that is, 60% will be paid in total.

Thank you. i just read their article already about token distribution:

https://edenchain.io/update-eden-coin-circulating-supply/

You forget about December unlocking as well. They have 20% unlock every month. So left December and January unlock.
Also as far as I know they have masternodes. But in this article no info about pool for masternodes rewards.Why? There are info about tokens for investors, team and advisors tokens, pool for marketing and exchange listing... But where is tokens for masternodes rewards?

All Tokens To Be Released
Go to the announcement on Full Release:


https://edenchain.io/all-tokens-to-be-released/

I can't understand this decision. In this bad market they going to unlock all tokens. Why? I just see in this only 2 reasons - they want to dump price as much as possible and re-buy (as they raised a big amount in 25 mln usd) or they just want kill the project and sell their tokens and earn some extra money at this tokens...

Dollar wise the token is already 12x down. Releasing those 40% will push the price maybe 10-20% lower. Without this decision they would anyways distribute 20% of the tokens ( 16 Dec). Its not really a big difference.

I see in this a big chance to get really cheap tokens. The Valuation will be around 2-2,5Mio, which is super low and will give u a high potential for massive gains.

Edenchain Weekly Eden Diary Update !!
👉[EDEN DIARY_BD] Welcome Amazon, I have been waiting for you by James Ahn
https://edenchain.io/eden-diary_bd-welcome-amazon-i-have-been-waiting-for-you-by-james-ahn/

💡Introducing the core developers at EdenChain
The EdenChain team consists of developers who have extensive experience in the IT industry.
Please check the detailed profiles of our core developers :
https://t.co/dmoc2jxGyd

As 2018 comes to an end, the #EdenChain team wrote a letter to our investors, sharing the latest news on the most recent developments.

Over the next days, we will also share these news, so our entire community can be up to date with what we have been up to.

🔹December 21: E-Garden

"We have been actively working on creating real demand for EDN coins as well as continuing to improve
our tech development in order to foster a compelling business environment.

E-Garden is a mobile-friendly DApp store platform that will function as a DApp repository with a userfriendly
interface to access Eden DApps. A wallet will be integrated to provide payment capabilities.

Garden of Eden (E-Garden), therefore, can be simply viewed as a DApp platform where crypto aficionados
can enter to discover and access DApps running on the Edenchain blockchain. It will also be a place
developers can join to develop/submit their own DApps. Before the end of this year, we will launch a test
version of E-Garden to test its impeccability to operate smoothly."

Honestly, this project is gonna make a huge success! I've seen your partnership with Phore and that's why i'm here!
I can see one of the biggest crypto projects born in front of my eyes, i would really see and try your products!
I'll be following the progress, best of luck!

im asking myselft what could be the reasons to use edenchain instead of Hyperledger? Edenchain is based on Hyperledger but as a company you have to workaround with those tokens. Hyperledger is running without a token.

Preview of E-Garden and DApps is open now! This is a read-only test mode to give our community an early taste of E-Garden and two gambling DApps. We hope it gives our community a clear view on how the E-Garden and DApps work before the next version.

• E-Garden: https://e-garden.edenchain.io
  Keno: https://dapp-game.edenchain.io/keno
  Plinko: https://dapp-game.edenchain.io/plinko

‼️Please note that the ongoing updates may restrict access for a certain period of time.
‼️Korean users will not be able to access Keno and Plinko due to regulations set by the Korean GRAC.

In order to get the full experience on E-Garden as well as E-Wallet and DApps, please join our E-Testers program. For detailed information on E-Testers, go to: https://edenchain.io/announcement-e-testers/

I seen that you will have 3 products: E-Garden, E-Wallet, and DApps. Can you explain: what is this "E-Garden"?
And why i cant find roadmap? When is the mainnet will be launched?

The team announced new exchanges and partnerships on telegram. Now awaiting actual official announcements. Utility wise Eden is still very promising.

What is this "Dorothy"? I see a lot of re-tweets in Eden of this "play_dorothy". This is a part of Edenchain products?
As I see mainnet will be launched in few days (on 28th June). Token swap will be done immediately? Is there POS or DPOS?

Dorothy is the mobile friendly dApp store. Hold on it's a promising project of Eden chain. Dorothy 2.0 is supposed to come out soon. Current one can be viewed on Dorothy.network

What sense in making another one "Google play" ? There are a lot of similar platform already, which even havent raised money for this.And why Edenchain does not has Github code? (I dont see link on CMC to their github) ?  ???