Edenchain

Strategical focus on Korean market may appear to be not rational Tough competition from established dApps platforms and next-gen ones. 

The team calls its product blockchain 3.0, outlining new features in comparison to blockchain 2.0 projects. This blockchain is to be fast but detailed numbers have not been provided yet. The core element of the product is a platform for ICO with Korean market positioning and alpha version being to be available in April 2018 on Github. Mainnet will be launched in 1Q 2019 that appears to be rather realistic. Only technical papers are available that are detailed enough in providing a deep description to the developing project.

Such blockchains are generally non-profit projects and only those who maintain the system obtain benefit. Consensus algorithm is Proof of Elapsed Time particularly similar to Proof of Work with less electricity consumed. Generally speaking the system is probably decentralized. In order to raise token price some portion of transaction fees will be burnt decreasing the token supply in 2020. This option does not have any technical ground or reason and is probably a way to raise the demand for Edenchain tokens today. For current ICO ERC-20 token will be issued that will be exchanged to Edenchain tokens later. To sum up ICO here is has rational reasons. The project aim to attract 24M USD that may be considered as much. The same problem takes place regarding token pool capitalization of 60M USD with only 40% for tokensale. Token distribution generally is not fair as the team and advisors share is 28% with partners share of 15% (it is not clear why partners have 15% as their role is not significant). As a result, major token holders with 43% in sum may influence on token price.

Poor team experience in blockchain projects Lack of marketing legal specialists

7-Mar. I’m not tied, I’m not participating in this, that doesn’t mean I wouldn’t get in, eventually I could get in ,maybe post ICO. Anyway, guys, I’ll be passing on this for now, but keeping an eye on this later, once it’s on exchanges. I mean my recommendation to them, actually, well, I haven’t told them this yet, but I think they would be better off if they waited to launch a test net before having the ICO. In my opinion, this is really a research project trying to raise money to do more research, which I’m not in the business of doing right.
24-Apr. I don't have any plans to touch Edenchain. I wish the team best of luck, but no plans at the moment, I mean they weren't ready with a prototype. I passed on an Edenchain for Quarkchain. Quarkchain already has a test net, a demo they could show me, so to me that was a much better investment from my perspective.
2-May. The Edenchain team showed me a demo of their new MVP a few days ago. The new MVP demo impressed me, and as a result their score has been updated due to now having a tangible prototype. Edenchain now scores at 85% for me personally, and is officially an all-star ICO in my opinion. I will be hosting a live AMA with the team next week.
10-May. QuarkChain, Edenchain, Phantasma and Mainframe those are my four all-star projects for this month.

6-Apr. Korean blockchain Project with good hard cap. Looks good so far.

Edenchain is a Korean ICO that wants to create a full blockchain that uses Internet of Things with an emphasis on peer to peer finance and loans.
The CEO is M Jung Ho and he has industry experience in machine learning and cloud computing and appears to have connections to the Korean government, overall I thought the project had a very solid team I gave them 70 out of 100.
The token economics, I thought were excellent, they were only asking for 24 million dollars. (70 out 100).
It has been not enough awareness in the market so I gave them 30 to 40 out of 100 for the hype, but this is definitely something to watch.
Now when it comes to the negatives, it is the same criticism really as Yggdrash, they don’t have
any prototype and the main net for Edenchain isn’t going to be released until q1 of 2019.
ICO won’t begin till q4 of the end of this year 2018 so I do actually think the token economics are going to be changing.