Things Contributors Love: What is the hype about EdenChain and Who is the Brilliant Team behind the project?
Let`s have a good look at an interesting project today - EdenChain, "A World Class Platform for the Enterprises of Tomorrow." A blockchain infrastructure powered seamlessly by three distinctive layers – the distributed ledger, validation and bridge. An all-encompassing tokenisation ecosystem developed in conjunction with an ICO implementation process for a distributed infrastructure.
It is a Korean project and it is brilliant especially the team.
We love many a Korean project for their profitability and it seems EdenChain is another stalwart of Korean blockchain industry, as you may know I concentrate on potential high earners and good projects with suffient hype and a great team. Only projects I myself invest in or I would like to invest in, because there is a high chance of them performing well obviously.
You know that I stay clear of ladening the review with technical details and focus instead mainly on other important issues like the authenticity of the project, its hype, community and expected profitability for your average investor. The tech details are readily available in many other reviews so for the meticulous techies out there please definitely go and check them out as well!
To invest in something it is advised to read and watch as many reviews as possible, especially from trusted popular influencers and github code reviewers. If the project has a drawback you will come across some warning, sometimes it can be a totally popular project promoted by good influencers but at just at one source there will be a tiny concern and that might be crucial. Many of you probably suffered in some ICOs that traded below ICO price in the bear market. And don`t get me started on RentBerry that traded 90% below ICO price in fiat. So do your research go everywhere and leave no stone unturned. There are also Telegram groups like Crypto Code Reviews and ICO Check. They are a must if you are any serious.
Ok what about the hype then (very important factor nowadays)? The hype is there. the Telegram group is 30K short of 500 members at the time of writing, this is a solid presence in my books, very much so. Several chatrooms and 9 admins. Questions answered.
Icodrops lists the project https://icodrops.com/edenchain/, confirming the hype is high. As you may know, Icodrops picks up the best projects to grant them free listing, that is a favorable sign that EdenChain is presented there.
The hardcap is $24mln which is an ethical one. No greed here and they could easily collect more. I am much tempted to contribute. Tokens will be sold in batches for the duration of five months that is lightly offputting for me BUT to think about it, EOS was also selling it for ages, and showed a pleasing ROI for its lucky visionary contributors. Topping up with 20% bonus, I think it is a fair bet that I may be comfortable sure of this investment especially longer term.
EdenChain has had a crowdsale the other day, succesfully raising the round. Crowdsale ended in less than 2 minutes. That is a good thing to know.Well now good news-there will be more crowdsales rounds and considering the previous round (and the private investment) was sold very quick this is a promising sign. 5 more months to participate as a few rounds will be announced, which actually could be viewed as beneficial to the community (in case you can wait, but patience is a virtue generally and more so in the cryptoworld).
How many of more than 9000 members on Twitter think like me? Follow EdenChains Twitter account if you want to get updated about the project https://twitter.com/edenchainio, or subscribe to the e-mail newsletter on the site https://edenchain.io/. You are always welcome to ask them a question at the telegram channel directly: https://t.me/edenchainio.
What about private investors and partnerships that make any project way more solid? EdenChain boasts to have attracted ten investors, very impressive. Twenty partners to top it up, including Merculet and Tomochain. This would be an understatement to say it is good to know.
A Diverse Team With More Than 50 Years of Blockchain, Cloud and Big Data Expertise, the expertise is truly outstanding.
I have traditionally checked LinkedIn profiles of the team and advisors and whether they are legit and mentioning involvement of the project, and tried to connect with the team and talked to EdenChain co-founder. So the transparency is ok. The company is registered in British Virgin Islands and the office is Singapore, the jurisdictions favorable for ICOs.
Some of the planned development: Masternode details announced in Q3 2018, Hyperdeflation from 2020 with transaction fees being burnt, E-Bridge ensures zero-knowledge trusted connectivity between on chain and off chain modules (think secured Interoperability). I will not list more as you can check it out yourselves, I guess promises are promises, we all can give some, what is more important is what already has been achieved.
And things have been done: they have got MVPs! and we love MPVs. I will not talk about the roadmap, you can check it yourself and I value what`s already been done more than any promises. Look at the credentials and the done job not on the promises and vows!
Recently I wrote about Quarkchain and you know what a behemoth with deafening hype it is. Quarkchain with NEM actually joined a meetup to listen to what EdenChain has to say in New York. https://edenchain.io/edenchain-meet-up-in-new-york-with-nem-and-quarkchain/ So EdenChain raises as a strong and respected player in blockchain industry recognised by its outstanding peers.
Let`s check the site traffic. 225 thousand visitors, very good bounce rate and visitor time. Apparently positive metrics, which is normal for a: 1) blockchain project 2)Korean project 3) Korean blockchain project.
A notable ambassador program that is a sign of a modern ICO project offers active/accredited investors in cryptocurrency industry who are well connected to traditional business or public organisations and enthusiastic about Edenchain's technologies and businesses an opportunity to get EDN token rewards, gold tier recognition (for top contributing ambassadors), access to the team/developers and recognition by listing their profile on Edenchain website, check out the Ambassor program here https://www.edenchain.io/ambassador-program/ if you are positive that you qualify. Your responsibilities will be to connect Edenchain to businesses, organise community meetup/business conference for Eden and translate articles/documents to local language and ensure smooth flow of information.
To summarize: A bright project, innovative and presented by a well-versed team, done with the support of private investors and partnerships to name a few, actively participating in blockchain events on par with other successful projects and offering a fair deal to the community at the same time staying transparent and raising an ethical hardcap.
An opportunity to invest that can be viewed as favourable.
As always, I am not your financial advisor, this is not financial advice, please always DYOR.