Hey Guys!!
Hope you enjoyed reading my review of Edenchain platform just a while ago.
Today, I will be showing you the amazing features that set Edenchain apart as a world-class platform for the enterprises of tomorrow.
Have you ever heard of a platform where you can virtually exchange your tangible and intangible assets for tokens?
I bet you have never heard of such.
So today I will be showing you how Edenchain makes this possible with a blockchain-based programmable ecosystem.
It is a well-known fact that the internet has brought about massive improvements in the way we do things particularly in terms of making the world a global village. Through the internet, we can now buy things from anywhere in the world through electronic means. The last decade have witnessed the meteoric rise of a disruptive technology that is proving to be a handful in providing solutions to many problems that has plagued humanity for centuries.
Blockchain technology provides a means of carrying out online transactions in a secure environment which is untraceable for any hacker. This means that transactions carried out on blockchain are fool-proof. Although the internet provides a way of carrying out transactions between sellers and buyers, these transactions are made possible with the help of middlemen who gets compensated for his/her services.
The scenario in most cases is that these middlemen are the gainers in these transactions. They make money off buyers and also make money off the manufacturers of these products thereby getting the most profits from these transactions.
So the thought is now that can we have a platform that will be a fusion of decentralized ecosystem and economic system where transactions can take place in a secure environment without the need for an middleman? This is the thought that gave rise to the idea behind Edenchain platform.
Edenchain – A Decentralized Ecosystem For The Enterprises of Tomorrow
Edenchain is a programmable ecosystem built on the blockchain that brings buyers and sellers of products together on a single platform without the need for a middleman. This is a novel ecosystem where tangible and intangible can be capitalized and traded with the help of tokenization. The elimination of various middlemen under the Eenchain platforms lowers the transaction cost and help in redistributing income from exploitative middlemen to the sellers and buyers of products themselves. Trading activities on this platform are also automated which means trades can be carried in seconds and the platform is secured with blockchain technology. Both tangible (Car, Stock, Insurance) and intangible (Time, Fame, Followers) assets can be converted into tokens which can then be traded on the Edenchain platform. Edenchain platform makes use of world’s tokenization protocol which helps in converting all types of aseets (tangible and intangible) into tokens on the edenchain platform.
Advantages of Edenchain Platform
Low Transaction Costs
Edenchain makes a major breakthrough in the process of buying and selling with the removal of the middlemen. Normally, a product that shouldn’t cost much will cost a fortune because the middleman has added his own premium on the price of the product. Edenchain provides a platform that brings buyers and sellers together without the need for any middleman. This helps in lowering transaction costs significantly.
Redistribution of Income
Another laudable achievement of the Edenchain platform is the redistribution of income. The exploitative middlemen most times end up being the best gainers in any trade. Edenchain comes to the rescue of both the buyer and seller by eliminating the use of a middleman in a transaction. Hence, the Edenchain platform helps in redistributing income from these unscrupulous middlemen to the buyers and sellers of the product in question.
Security
Another valuable feature of the Edenchain platform is that it is highly secured. Edenchain is a blockchain-based ecosystem which means that transactions carried out on the platform are encrypted with the use of distributed ledger. This makes transactions on this platform untraceable by hackers and buyers and sellers can trade with the confidence that their personal and financial information are well protected.
The Eden Token
The Eden token with the ticker EDN is an ERC20 standard type token. The tokens will be used to carry out transactions on the Eden platform. The Eden token will also be the standard token on the Eden exchange when it becomes fully operational. The ICO for this wonderful project was conducted in May 2018 with a total 3,530 ETH generated. The total supply of Eden token is 1 billion EDN while the ICO price is $0.06.
Token Information:
Name: Edenchain
Total supply: 1,000,000,000 EDN
Type: ERC-20
Ticker: EDN
Price: 1EDN = $0.06
Fund Raising Target: $24,000,000
Token Allocation:
• Token Sale - 40%
• Strategic Partners - 15%
• Founders and Shareholders - 13%
• Accelerator Program - 12%
• Foundation - 10%
• Bounty and Marketing – 5%
• Advisors and Team – 5%
The Edenchain team
Roadmap
I have provided links to the website and whitepaper of Edenhain below
• Website: https://edenchain.io/
• WhitePaper: https://edenchain.io/wp-content/uploads/2018/05/EdenChain-Whitepaper_v1.2.pdf
The following provides the link to their social media sites:
• Facebook：https://www.facebook.com/edenchainio
• Twitter：https://twitter.com/edenchainio
• Telegram group: https://t.me/edenchainio
Authours Profile: https://bitcointalk.org/index.php?action=profile;u=2077261
Author’s Telegram: https://t.me/folorunsho15