Eidoo is a brand new mobile interface that aims to simplify the interaction between the Ethereum and Bitcoin blockchains and end users, providing an easy and safe way to buy, transfer, spend and convert cryptocurrencies and tokens.
The basic idea of Eidoo is to improve the user experience of holding a digital portfolio of cryptocurrencies and tokens, and to offer a set of services such as a decentralized exchange (it will allow all Eidoo users to directly exchange cryptocurrencies between them), easy and safe participation into third-party token sales and ICOs, a crypto rechargeable debit card, and a decentralized marketplace (similar to Ebay).
Originally founded by Natale M. Ferrara, the Eidoo project was developed by Eidoo Sagl, a company based in Chiasso, Switzerland. Eidoo assigned Thomas Bertani (already known for his work at Oraclize) the role of CEO to work side by side with the two Eidoo teams in order to coordinate their interaction and direct their efforts towards the project goal of designing a unique solution for Bitcoin and Ethereum. The team includes a strong Italian presence of well known blockchain coders, engineers and advisors, both in the Ethereum and Bitcoin blockchain.
After releasing at the end of August the iOS and Android version of their Eidoo Wallet, reaching over 5500 installations, the company has launched on October 4th, their Initial Coin Offerings (ICO).
Initial Coin Offerings (ICO) is a new way for blockchain-based startups to crowdfund for their fintech ventures. Small companies can bypass the rigorous capital-raising process required by traditional banks and financial system.
Via different groups of investors, the Eidoo ICO has sold in the first few hours over 10 millions tokens, for a counter value of over 20 millions Euro (about 80.000 Ethereum), being one of the first cases in the world where participation in the token sale is possible through the application itself.
"We welcome with great satisfaction the excellent result of the first hours of the token sale in which thousands of buyers has proven to believe in the goodness of our project." Thomas Bertani, Eidoo CEO.
Eidoo is a mobile wallet where users can store Ethereum and ERC20 tokens (Bitcoin, Zcash, Dash and more coins will be available in the near future). Eidoo integrates an ICO Engine within the mobile wallet app, where users are able to participate and join an ICO by safely and directly using their smartphone or tablet.
The ICO will be open until October 16th and you can participate in the sale using the Ethereum cryptocurrency. The token price is $2.30 or better 130 EDO token per single ETH. Before joining the Eidoo token sale, you’ll need to accept Terms and Conditions (T&C) shown into the Eidoo app.
EDO tokens will be listed on Eidoo exchange, as they plan to develop a decentralized exchange in the near future: it will be a hybrid exchange for Ethereum and tokens, but then it will turn into a fully decentralized platform for Bitcoin and other cryptos too. Rumors are that the EDO token will be listed in the Hong Kong based Bitfinex exchange as soon as the ICO ends.
When we started imagining Eidoo it was clear to us from the beginning what was there to offer to the market, that is, the same security, privacy, the functionalities and simplicity of use that us blockchain users would have wanted to have but were unable to find.
We have succeeded, it is now available. Eidoo represents the state of the art for the integrated utilization of the technologies that already today make the blockchain necessary if not indispensable for the exchange of value and the execution of censorshipless contracts between parties, with a high level of privacy and without access barriers.
Eidoo is a corporate member of Bitcoin Association Switzerland: an active community of enthusiasts that organizes regular events — with a group that grows by more than 10% every month — while trying to resolve open legal questions, and educating the public by providing a contact point for media inquiries. The whole Switzerland is increasing its influence in the fintech and blockchain sector more and more, and the Eidoo founders contributed together with Digital Identity SA to the creation of CryptoPolis a few weeks ago: they assisted the municipality of Chiasso to accept bitcoin as a method of payment for taxes.
Info: http://eidoo.io/ Twitter: https://twitter.com/eidoo_io