Today, I would like to introduce you to a project that will soon be crowdfunded. The type of this project is the public chain, a blockchain technology that creates its own. Edenchain is from South Korea — it is a country with a high degree of popularity for blockchain services. It has a lot of currency circle enthusiasts and there are many interesting concepts. I currently very much believe that this project will succeed. This is why I would like to introduce this project today. In order to give you a detailed introduction to Edenchain, you can easily understand this project. I really love this project. Let’s start with background.
South Korea’s National Criticism of Friedcoin and Grand Duke
EdenChain, Chinese is often referred to as Eden Chain. Alas, is this name full of philosophy and sense of creation?
Many people have heard that South Koreans are full of speculation, but they all have to listen to one another and do not know how crazy it is.
In China, you are talking to friends outside your home and talking about the speculation. People will look at you with compassionate eyes. The little eyes are obviously saying: Little brother, don’t speculate, don’t get stuck in MLM.
But in South Korea, simply speaking, buying and selling digital currency is already the mainstream behavior. In South Korea, students check the quotes of Bitcoins during class hours. White-collar workers don’t forget to trade Bitcoin while lining up for coffee. Even the grandparents at home have played with it.
Another phenomenon is that if there is any currency in the country that says to go to the Korea Exchange, it will skyrocket. It can be seen that everybody wants to have the Korean mother take over.
What is strange and pity is that although digital currency is so hot in South Korea, South Korea does not have its own big chain. The BTC did not say it. ETH is Canada, EOS is the United States, AE is Europe, and even the world has a world-renowned NEO.
Therefore, whether it is in Korea or abroad, people have a lot of expectations for EdenChain to understand, after all, where purchasing power is alive and there.
Project Introduction:
What does EdenChain want to do?
EdenChain is a blockchain platform technology that can use programmable economy platform technologies to use and trade all types of assets. By using blockchain smart contracts, you can turn all tangible and intangible asset values into tokens. They use smart contracts to integrate the real economy and the virtual economy, creating a new huge economic system and a programmable economy.
Edenchain’s business activities include IOT, ICO, Energy, Advertising, P2P, Business, Fiannce, Healthcare, Games and some other industries and services.
The advantages of programmable economic platform
It can reduce transaction costs because there are no middlemen.
It can share the profits that middlemen can monopolize.
It can create a new market that has never existed through the capitalization of domestic and foreign materials. This will enrich the lives of many people by returning financial benefits to them.
This concept actually looks a bit like the original chain, but it is a real-world asset chain than the original chain, and EdenChain can use and trade all types of assets, including real assets and virtual assets. Its goal is to integrate the real economy with the virtual economy and build a huge economic platform through smart contracts.
To be honest, the goals are great and great.
You see it can be included in the field, in fact, every field can do a project.
EdenChain’s specific plan(Business Scope):
The above is actually quite complete, but it seems to be more general and imaginary. In the EdenChain plan, it first has to do these three things:
Token distribution platform.
South Korea is a country with high demand for blockchain technology (Frycoin), and EdenChain will be the first currency distribution platform for Korean market HelloEden.
Edenchain will help develop projects for the development of applications on the coin, but also to help marketing, or investment, services can be very considerate … In this regard, Edenchain will be ranked with Korea’s top technology PR marketing company M&K.
2, B2B business services.
Edenchain made the B2B open platform Cleandeal, which cooperates with Hyungji (a major Korean supplier), KHMA (Korea Housing Management Association) and Embrain, and provides blockchain technology and business services by Edenchain.
3, P2P finance.
A company called MyCreditChain is based on Edenchain as a credit service. However, there are quite a few projects based on blockchains that specialize in P2P.
Of course, in addition to these services that use the EdenChain blockchain, there are many other services that will be developed on this platform in the future.
It seems that the things to do are quite complicated. But in fact, EdenChain is a big public chain that is positioned as a programmable economic platform. These are really just some of the businesses.
Edenchain has high security, high performance, and low transaction costs in the design to ensure the stability of economic activities on the platform.
In the long run, if the project can proceed according to the current road map, it may indeed make up for Korea’s current regret that it does not have a public chain. However, the grand goal also needs to be down to earth, and everything needs to be known after the main line is over.
Token index:
The total amount of tokens is 1 billion, token sales are 40%, and hardtops are 24 million US dollars. In the current market, hardtop prices are high. However, due to the release of locks in batches, it is a relatively good situation in view of the future.
At the same time, officials stated that unsold tokens will be destroyed, which is also a good point to watch.
EdenChaincoin introduced a hyperinflation model to preserve the value of tokens. Initially, tokens will sell tokens to 400 million credits, but from 2020 onwards, coins will be burned at a certain percentage of the transaction rate, leading to a gradual decline in circulation and total currency. With the EdenChain ecosystem starting up, demand has steadily increased, but supply has gradually decreased, so prices can rise in accordance with the principle of supply and demand.
Team information:
It has been more than 50 years since team members added up to the blockchain. The consultants are also more powerful.
James Ahn
CEO, Founder
James holds a master’s degree in computer science from Korea University and KAIST and has 20 years of experience in IT. He served as a CTO at CyberRenassance Inc. (Japan) and later as a representative of MHR and DeepNumbers. He was an advisor to the NIA platform, a technical consultant for national computing and information services, and a cloud consultant for Korean technology and standards agencies.
Jenny Ryoo
Co-Founder,
Blockchain Developer
Won the Bachelor’s and Master’s thesis awards at Korea University and Dongguk University respectively. She has 10 years of experience in the IT field. She conducted customer analysis research and analyzed and predicted user behavior patterns by analyzing the network user logs of the National IT Industry Promotion Bureau. She has conducted research on smart grid technology in the Green Office of the Korean Institute of Energy Technology Evaluation and Planning. She studied the real-time big data processing system of the National Information Industry Promotion Bureau. She also participated in the development of the Big Data Analysis System of the Library of Congress and developed data abstraction, interface, and basic statistical analysis modules.
Most of the entire team are academics and IT technical engineers. There are more than 10 team members. There are also many consultants such as Don Chang and Joongheon Kim. The overall strength of the team is strong.
Project Technology Roadmap:
2018 Q2
HelloEden Initial Token Release Platform Released
EdenChain Preview Release (Alpha)
Wallet test version
Published by EdenCoin
2018 Q3
EdenChain Service Release
EdenChain Beta Release (Beta)
Eden Exchange Preview (Alpha)
Web version wallet release
2018 Q4
Edenchain Test Network Development
User token currency service is open
EdenChain API interface open
Mobile wallet release
2019 Q1
Platform migration to the cloud
E-oracle Web Publishing
EdenChain optimization
Published on the main network
Through the road map, we can see that the technical route planning is more detailed and specific, and MVP will also be released this month. However, the overall main network will not be released until 2019, and the team still has a lot of work to do.
Competitive Advantage:
Secure interoperability
The Edenchain platform will ensure secure interoperability between the uplink and downlink services. When smart contracts interoperate with external systems, existing blockchain technologies are insecure for hacking threats such as data forgery, corruption, and hijacking. EdenChain’s security interoperability technology provides an environment where smart contracts can safely interact with external systems.
high performance
The Edenchain platform can handle transaction execution and high-speed segmentation in parallel. EdenChain can quickly handle a large number of transactions. Namespace technology allows high-performance processing because it separates unrelated transactions into separate spaces and executes the transactions in parallel. As the number of transactions increases, the processing environment is organized by namespaces to always maintain optimal performance.
transaction fee
With the Edenchain platform, transaction costs can be affordable, and the processing costs of smart contracts are very reasonable. For existing smart contracts, the processing cost of each function is charged according to the price of the cryptocurrency, so the processing cost is high. However, EdenChain’s processing costs are cheap because it charges according to the number of executions regardless of the functional processing. It is also designed flexibly to maintain a reasonable level of processing costs
summary and useful links:
Website:
https://www.edenchain.io/white paper:
https://www.edenchain.io/EdenChain-Technical-Paper-v3-en.pdfonepage:
twitter:
https://twitter.com/edenchainiotelegram:
https://t.me/edenchainiomedium:
https://medium.com/edenchainioHardtop: 24 million U.S. dollars (40% of tokens)
Debit unit price: 1EDN = 0.06 USD
Project total market value when reaching hardtop: 60 million US dollars
White list registration: 15:00 on April 22 (total number 3000, first-come-first-served basis)
PRESALE: round A 20%bonus, from 10K (End)
Round B 10%bonus from 100eth.
Token issuance: All tokens will be issued 20% of the token before the exchange, and the remaining 20% will be issued each month until the issuance is completed.
Overall, it is a fairly good public-chain project in the near future.
Going to all in Edenchain.
