Project Description

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It is quite difficult to develop a working platform for programmable economy and there are 2 major reasons for this: unsecured connectivity and low performance levels. EdenChain plans to circumvent these problems and provide users with a highly-secured, interoperable, high performance blockchain with minimal processing fees. On EdenChain’s platform, smart contracts will allegedly make all assets — tangible and intangible — tradable in the form of tokens.

EdenChain is a blockchain platform technology that can capitalize and trade all types of assets with the programmable Economy Platform technology. By using the blockchain Smart Contract, you can capitalize all tangible and intangible asset value into a Token (Tokenization). Smart contracts integrate real and virtual economies, creating a new and enormous economic system and programmable economy.

What can EdenChain do?

EdenChain is looking to be the global platform for a programmable economy. We seek to build a highly secured inter-operable, high performance blockchain with low processing fees. EdenChain can be used in a wide range of applications and industries; to provide an ICO Platform for start-ups to launch their own ICOs across all sectors such as IoT, B2B, services, P2P Finance, shared economy and etc.

The project claims that it will use Merkle trees and Namespace technology to develop an execution system that is capable of parallel processing, making the EdenChain network highly scalable. Since there is no limit on the number of namespaces, and the transactions in each namespace can run in parallel, an infinite number of transactions can be run on EdenChain. Each namespace will reportedly be able to handle 1000 tps and if more computing resources are made available to deploy the namespaces, the network’s total tps will scale linearly.

EdenChain has numerous potential use cases for individuals, app developers and industries — startups in different sectors (e.g. IoT, P2P finance, B2B services, and shared economy) may use it as a platform to launch their ICOs. Furthermore, the platform will reportedly have masternodes and DApps can be built on EdenChain. The project also plans to launch their own cryptocurrency exchange.

EdenChain’s token, EDN, will start out as ERC20-compliant, and it will be used for the following: to run a masternode, a number of EDN tokens will be required; EDN will also be used to facilitate blockchain services such as B2B and B2C services. Service providers on the platform will need EDN before they can provide any service, and deposit fees, exchange fees, and transaction fees will all be paid using EDN. The platform’s main net is scheduled to be launched in Q1 2019 and when this happens, all EDN tokens will be swapped 1:1 for EdenChain coin.

Token Metrics

ERC-20 Token Symbol: EDN
Hard Cap: $24M
Market Price: 1 EDN = $0.06
Total Token Supply: 1 billion
Tokens for Sale: 40%
Tokens Released: Q2

Conclusion

The platform will serve as an enabler to blockchain companies looking to build technology solutions and run an ICO. With the help of their A-list advisors they could potentially rocket, especially in their region. If they can stick to their roadmap in conjunction to having a strong community backing the EDN token could reach a 3–5x minimum.The vision and the advanced technology platform of EdenChain looks very promising , it will be interesting to see how the platform unfolds in coming months.