EdenChain ICO review

cryptoboy999 (21)in #edenchain • 6 years ago

Project Description

It is quite tough to develop a operating platform for programmable economy and there square measure a pair of major reasons for this: unsecured property and low performance levels. EdenChain plans to avoid these issues and supply users with a highly-secured, practical, high performance blockchain with negligible process fees. On EdenChain’s platform, sensible contracts can allegedly create all assets — tangible and intangible — tradable within the sort of tokens.

The project claims that it'll use Merkle trees ANd Namespace technology to develop an execution system that's capable of multiprocessing, creating the EdenChain network extremely climbable. Since there's no limit on the amount of namespaces, and therefore the transactions in every namespace will run in parallel, AN infinite range of transactions will be run on EdenChain. every namespace can reportedly be ready to handle one thousand tps and if a lot of computing resources square measure created accessible to deploy the namespaces, the network’s total tps can scale linearly.

EdenChain has various potential use cases for people, app developers and industries — startups in several sectors (e.g. IoT, P2P finance, B2B services, and shared economy) could use it as a platform to launch their ICOs. what is more, the platform can reportedly have masternodes and DApps will be engineered on EdenChain. The project conjointly plans to launch their own cryptocurrency exchange.

EdenChain’s token, EDN, can begin out as ERC20-compliant, and it'll be used for the following: to run a masternode, variety of EDN tokens are required; EDN will be wont to facilitate blockchain services like B2B and B2C services. Service suppliers on the platform can want EDN before they will give any service, and deposit fees, exchange fees, and group action fees can all be paid victimization EDN. The platform’s main internet is regular to be launched in Q1 2019 and once this happens, all EDN tokens are swapped 1:1 for EdenChain coin.

Token Utility

EdenChain has its own token referred to as EDN. at the start these tokens are ERC20 tokens on the Ethereum blockchain. once EdenChain launches its MainNet (expected in Q1, 2019), the EDN tokens are reborn to native tokens on EdenChain’s own blockchain. EDN tokens are used for dealing fees over the network. Also, developers can ought to use the token so as to use the blockchain and operate their service offerings.

Team

EdenChain’s team appearance robust and comes with lots of expertise in IT. Their consultatory team is extraordinarily solid, having huge expertise at massive corporations, such as: Intel, Nokia, Oracle, Samsung, Visa, etc. Also, the team and advisors have lots of influence in peninsula and Silicon Valley, that is usually an honest issue.

The key team members and advisors are: (info taken from website)

James Ahn (CEO), encompasses a master’s degree in software package from Korean Peninsula University and KAIST with twenty years of expertise within the field of IT. He worked as CTO at CyberRenassance Iraqi National Congress. (Japan) and later as a representative of MHR and DeepNumbers. He served as a advisor to the NIA Platform, a technical adviser to the National Computing Service, ANd an adviser to Cloud for the Korean Agency for Technology and Standards. He has written four books and several other papers concerning machine learning and finance, and created displays at many conferences for the event of technology, like Pycon and Open Technet. He currently teaches a Digital MBA course at national capital college of Integrated Science & Technologies, and often writes to MTech within the Maeil Business Newspaper.

Jenny Ryoo (Co-founder), Jenny wrote triumph bachelor’s and master’s theses at Korea University and Dongguk University, severally. She has ten years of expertise within the field of IT. She has performed client analytics studies to research and predict users’ behavior patterns by analyzing net user logs of the National IT business Promotion Agency. She has conducted analysis on good grid technology for inexperienced workplace of the Korea Institute of Energy Technology analysis and designing. She studied systems for real time massive processing for the National IT business Promotion Agency. She conjointly participated within the development of the massive knowledge analysis system of the National Assembly Library and developed knowledge abstraction, interface and a module for basic applied mathematics analysis. She is that the author of 1 book and has written 2 papers.

Hokyun Kim (Blockchain Developer), graduated from Korea University and has eighteen years’ expertise within the field of IT. He was the primary within the world to develop Saw & PinckandPlace. the complete motor vehicle system that performs 3-step manual method, Sawing -> cleanup -> vision examination sorting within the ending of CSP manufacture, in one method, was certified because the world’s leading product by the Ministry of Commerce, trade and Energy. He developed SK Telecom’s WAP Mail entree that provides standardized genus Apis on seven portals, reeling in two hundred,000 paid subscribers inside a month of service launch. He has developed detection and decryption systems and signal process algorithms.

Brian Park (Blockchain Developer), Brian graduated from Hanyang University and has fifteen years of expertise within the field of IT. He engineered a business-dedicated virtual space supported the Sandbox virtualization technology of domestic mobile carriers (SK telecommunication, KT). At SK telecommunication, he developed the Direct Push technology for interworking with Mobile Outlook supported Windows Mobile, and applied a project for developing the system for analysing quality of expertise of WCDMA video decision repaired by SK telecommunication (Video decision analyser Tester). He additionally participated within the development of software-based power saving technology applicable to a cloud surroundings for the Choson Institute of Energy Technology analysis and coming up with.

Don Chang, Ph.D. (Advisor), received a Bachelor’s Degree from national capital National University in engineering science, Master’s Degree from University of Southern Golden State in pc Engineering, and Ph.D. from aSSIST (Seoul faculty of Integrated Sciences & Technologies). presently operating as a PM in massive information of National Defense and Science Institute. Work expertise in U.S.A., worked in Oracle house, Visa Inc., EDS, yankee Airline. , in Korea, work expertise in Oracle Korean Peninsula Consulting govt, Sibel Korean Peninsula Regional Manager, SAS Korean Peninsula vp, Deloitte Korean Peninsula Consulting Partner Director of HQ, Max Ernst and Young Consulting Director of HQ. presently providing consult and technology concerning Block chain, AI, and massive information to the general public service agencies and huge firms. conjointly provides lecture and analysis leads to Universities and Conferences concerning Block chain, AI, and massive information. printed books area unit [How to figure with massive Data], [Living as AN IT Expert].

Joongheon Kim, Ph.D. (Advisor), is a professor at Chung-Ang University, School of Software (formerly, School of Computer Science and Engineering), and currently a director of Chung-Ang University Distributed Platforms and Security Lab. He has received Ph.D. in Computer Science from University of Southern California (USC). His major research field is in the theory, design, and implementation of distributed computing platforms including Deep learning software platforms, Fully distributed peer-to-peer network platforms, e.g., Blockchain, and Energy storage systems, wireless power transfer, smartgrid/microgrid systems. He is a senior member of the IEEE; and a member of the ACM and IEEE Communications Society

Road Map / Timeline

Visions look fantastic, Team & Advisors square measure stellar. however concerning the timeline?

CEO Ahn aforesaid that the EdenChain Alpha version would be get into late Gregorian calendar month as well as GitHub. In Q2 2018 they require to begin the HelloEden ICO Platform followed by the exchange listening of their EDN token in Q3 2018. the foremost important milestone, the launch of the Mainnet, is planned for Q1 2019 that sounds achievable.

ICO

Let’s have a more in-depth cross-check the ICO and their token EDN. they need to lift $24M in total (=1,000,000,000 EDN, 0.06 Cent for one EDN) that is pretty grounded and realistic. They’ve might simply draw a bead on $100M or additional with AN bold project like that. I like ICO’s within the below $30M sector as a result of the oversubscribed token have most of the worth therein vary. What conjointly speaks for them is that they're going to solely raise four-hundredth of the $24M through the token sale as a result of the remainder are going to be allotted due partners or.

Token Sale information