[ANN] [Pre-ICO] EdenChain pre-sale postponed due to overwhelming demand

[blockchain-man]

I received an email have link form edenchain.org saying that I was one of the winners. But when I check on https://edenchain.io/tokensale/ and I am NOT a lottery winner. I think edenchain.org is a scam

[jackmuu]

There's a lot of hype around EdenChain, check out this video to see why EdenChain is one of the top ICOs in May 2018!

[Sergiose]

I hope that with the introduction of EdenChain, blockchain technology will become much faster. In any case, there is a prospect of investment!A good project that deserves attention.

[DogTheHunter]

Edenchain Crowdsale has started. Send exactly 1 ETH (otherwise there will be a refund). This is a guaranteed allocation for round 1 - will run for 12 hours.

[bitbouillion]

On 20 June 2018, Edenchain held a meet up in Zurich.

During the meet up, Kangho spoke about use-cases that were being built on Edenchain together with our partners. Click on the article below to find out more!

https://edenchain.io/edenchain-meetup-in-zurich-20-june-2018/

[shewasfourteen]

Edenchain token distribution: September 15.

The exact process is as follows:

15 September 2018–100% of EDN tokens will be distributed to the relevant wallets but remain locked.

16 Sep 2018 - 20%
16 Oct 2018 - 20%
16 Nov 2018 - 20%
16 Dec 2018 - 20%
16 Jan 2019 - 20%

[faragly]

Edenchain token distribution: September 15.

The exact process is as follows:

15 September 2018–100% of EDN tokens will be distributed to the relevant wallets but remain locked.

16 Sep 2018 - 20%
16 Oct 2018 - 20%
16 Nov 2018 - 20%
16 Dec 2018 - 20%
16 Jan 2019 - 20%

https://medium.com/edenchain-io/we-are-unlocking-edenchain-token-release-schedule-revealed-cd71dbb1a19f

It is a pity that in such a market. I hope to keep at least the price in USD.

[faragly]

Edenchain will launch its testnet on September 21. The testnet has been completed one quarter ahead of schedule.

https://medium.com/edenchain-io/edenchain-testnet-launch-on-21-september-2018-817d5c9781db

[faragly]

Edenchain tokens have been unlocked and are now unofficially trading at x1.75 in ETH form the ICO price.

[OURZNetwork]

Great project!

[faragly]

EdenChain testnet is live! Showcase app and Github coming up next.

https://medium.com/@eugin.eden/we-are-online-testnet-is-live-6e46b0911f77

[faragly]

EDENCHAIN DRAMA:

What's the Community claim?
1. Edenchain lied about initial circulating supply i.e it was supposed to be 80M tokens but currently circulating supply is at 126M.
2. Edenchain raised more money than the actual claimed 24M HARD CAP.

What's the confusion?
1. How did circulating supply increase and why wasn't it disclosed during the token sale?
2. Did Strategic partners allocation had no lock?

What's the answer?
1. Edenchain had 40% tokens for sale at a price of $0.06 concluding total cap at $24M.
2. Edenchain had also reserved 15% tokens for strategic partners that means they could raise another $9M over $24M.
3. Strategic partners allocation had the same lock-up as the public sale.

So the extra circulating supply is including the strategic partner's reserve which they sold pre-post token sale.

Who's at fault here?
1. Edenchain - They should have promoted the strategic partner reserve from the beginning and should have been firm on possible extra HARD CAP raise.
2. Community - Investors should have read whitepaper and token metrics properly as Strategic partners 15% allocation was mentioned clearly in metrics and they should have anticipated this.

Edenchain & community, both had equal part in giving birth to this confusion.

Edenchain should have been public with their strategic partner's allocation sale progress same as the public token sale.
Community investors should at least read whitepaper and documents than just expecting 100-1000x.
This way, the community wouldn't have raised questions at this stage if strategic sale progress was transparent and public.

[chon83]

Edenchain, a Korean platform project built for the enterprises of tomorrow. Hype factor very high. High performance and scaleable blockchain, good product.

[faragly]

Updated Vision and Strategy Oct’2018

Refreshed, reloaded and a new product line.

https://medium.com/edenchain-io/updated-vision-and-strategy-oct2018-f242688805f7

[shivansps]

I have participated in the token sale and I'm very disappointed with the team's decisions. First of all, they did unlock tokens during bad sentiments, secondly, they list on the low volume or fake volume exchanges. Fine, ok, let's wait for masternode announcement it can turn the things around - was thinking investors? And then they released WHOPPING millions of coins for masternode collateral and the price just tanked hardly after that. Now it is sitting on 7mln mcap and only 300k volume. I remember it was one of the most hyped ICOs back in a days. Now no one is interested in it. Sad but true.

[Cryptocotrader]

Potentially 65 Million TPS. A potential gamechanger in the blockchain space. They will resolve a lot of problems. All their roadmap is plausible.