[ANN] Edenchain: Permissioned blockchain platform for global enteprises

[edenchainio]

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.

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.

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[RzeroD]

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.

<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.

[edenchainio]

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.

[RzeroD]

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.

[edenchainio]

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.

[tomtom32]

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 

[panosdada]

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.

[faragly]

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/

[onirecon2018]

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.

[cuccung]

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

[Olywen]

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

[Anycrypt]

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?

[gembira]

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?

[panosdada]

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.

[gembira]

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 ...

[panosdada]

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%)

[btcash]

👉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

[R. Xiong]

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_______________________________________________________________________ https://i.imgur.com/EdJiKMQ.png A World Class Platform for the Enterprises of Tomorrow.

WEBSITE

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WHITEPAPER

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BLOG

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TELEGRAM

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NEWS

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FAQ

Latest news: EdenChain upcoming Meet-Ups!

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_______________________________________________________________________ Token supply 1,000,000,000 EDN Target $24,000,000 Rate 1 EDN = $0,06 Bonus token will be distributed to PRE-SALE participants sale plan Whitelist round 1 closed on 1st of April https://edenchainio.wordpress.com/2018/04/13/edenchain-whitelist-round-a-closed/ Whitelist round 1 closed on 22nd of April https://edenchainio.wordpress.com/2018/04/23/edenchain-whitelist-round-b-closed/ ※ No private sale ※ Crowdsale commences in May 2018 ※ Whitelisting starts on 1 April 2018 08:00 UTC, link will be accessible on our website Schedule Presale Round A – Ongoing for institutional and strategic investors – Minimum $100K – Bonus: 20% – ETH/USD rate pegged when SAFTs are signed Presale Round B – Commence in May 2018, for strategic investors and active contributors of the community – Bonus: 10 -15% (It depends on the result of Presale Round A) – ETH/USD rate pegged at start of Presale Round B Crowdsale – Crowdsale date will be held after Presale Round B (date to be announced in April), open to whitelisted community members – No bonus – ETH/USD rate pegged at start of crowdsale – Individual contribution cap will be tiered based on their level engagement with the community (further details to be announced in April) EDN Token Distribution EDN distribution will start in June 2018, and will be distributed in tranches to ensure liquidity. All EDNs will be locked until major exchange listing. More details on distribution will be announced soon.

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_________________________________________________________ High Performance & Truly Scalable Parallel Execution of Transactions 100% Transaction Supports Wide-range of dApps & Industries Broad Language Support Ethereum Virtual Machine (Solidity-friendly) Cloud-based Multi-datacenters

_________________________________________________________ Defensible, Trusted & Secured Permissioned Environment 3-staged Key Generation, Encryption & Decryption System Customizable Functional-specific Firewall Median Voter Theorem (MVT) lowers vulnerability CPU and software protection

_________________________________________________________ Optimal Capacity Cost is on a per Transaction basis Optimal Resources for Required Computing Power Energy-efficient Proof of Elapsed Time (PoET) Consensus Hardware Integration Transactions processed on a first-in-first-out basis

https://i.imgur.com/t1T3ZJx.png

A blockchain infrastructure powered seamlessly by three distinctive layers – the distributed ledger, validation and bridge.

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_______________________________________________________________________ High Performance & Truly Scalable This layer consists of an e-bridge where it connects EdenChain with external data sources through secured interoperability where the on-chain smart contract connects with the off-chain modules. As nodes exist on both on-chain and off-chain, an E-Protocol uses an encryption process called the ECC (Elliptic Curve Cryptography) – TC (Threshold Cryptography) for trusted connectivity.

_______________________________________________________________________________ _______ Validation Layer Transactions are executed and verified in this layer, which includes the EVM. With a Transaction Execution Scheduler, it forwards transactions to corresponding nodes based on namespaces. The router can be automated, allowing resource management across transactions and nodes. One can also operate the blockchain with optimal resources and computing power through real-time monitoring of the workload allocated to the Trusted Execution Environment. By grouping related transactions into batches, the validation layer ensures efficient execution as well as eliminate any data dependency issues.

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_______________________________________________________________________ Distributed Ledger Layer Based on Linux Foundation’s open source project, Hyperledger Sawtooth, this distributed ledger layer provides the decentralized database functionality to EdenChain. PoET is a consensus algo that uses a CPU command in the Software Guard Extensions (SGX) to select a leader randomly without utilizing large amounts of energy to solve a hash problem. SGX allows applications to run trusted code in a protected environment.

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Learn more about EDEN developers Article about EdenChain team

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https://i.imgur.com/Dv9a36e.png James Ahn CEO, FOUNDER

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https://i.imgur.com/EN1wNxc.png Jenny Ryoo CO-FOUNDER, BLOCKCHAIN DEVELOPER

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https://i.imgur.com/W3oAya3.png Hokyun Kim BLOCKCHAIN DEVELOPER

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https://i.imgur.com/L2EAHII.png Brian Park BLOCKCHAIN DEVELOPER

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https://i.imgur.com/FIsV5Qq.png AKangho Kim CHIEF STRATEGY OFFICER

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https://i.imgur.com/4e6QCuv.png HJ Moon CHIEF OF BUSINESS DEVELOPMENT, ASIA

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https://i.imgur.com/09uEeKJ.png Richard Jahnke BUSINESS DEVELOPMENT, US AND EUROPE (SAN FRANCISCO)

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https://i.imgur.com/dKsko6p.png Kathy Roe MARKETING

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https://i.imgur.com/EAOPYVg.png Jessica Park MARKETING

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https://i.imgur.com/ZoJuFSB.png Aaron Tay FINANCIAL ADVISOR (SINGAPORE)

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https://i.imgur.com/ZIEhWp3.png Kwangho Lee TECHNICAL ADVISOR

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

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https://i.imgur.com/HWZR1GC.png Don Chang, Ph.D. ADVISOR

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https://i.imgur.com/dyNS1dm.png Joongheon Kim, Ph.D. ADVISOR

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https://i.imgur.com/dHrN8x4.png Sungho Kim, Ph.D. ADVISOR

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https://i.imgur.com/QISb2ea.png IckChan Joo, Ph.D. ADVISOR

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https://i.imgur.com/5VXZYeT.png Alan Moonsoo Kim ADVISOR

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https://i.imgur.com/HrxWHRn.png James Jahnke ADVISOR

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https://i.imgur.com/yF1j7IS.png Mina Jeong ADVISOR

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https://i.imgur.com/kgHEg5n.png Marat Zhanispayev ADVISOR

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https://i.imgur.com/PFFCWvh.png Yoonsang Cho, Lawyer ADVISOR

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https://i.imgur.com/NAwudmI.png Hyung Guel Kim ADVISOR

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https://i.imgur.com/TEc2JNv.png Young Choe, Ph.D. ADVISOR

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https://i.imgur.com/SgUerFS.png Mirza Uddin ADVISOR

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https://i.imgur.com/yKorXrC.png Benn Godenzi ADVISOR

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


https://i.imgur.com/xjE2ZBl.png


https://i.imgur.com/n8oAPrB.png

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[gembira]

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%)

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?

[panosdada]

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%)

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.