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The Token Fund’s ICO Project Analysis: Edenchain, DAOstack

Published 04/26/2018, 06:54 AM
Updated 07/09/2023, 06:31 AM

Edenchain (Korea)

EdenChain is a blockchain platform that will allow capitalizing any tangible and intangible assets, estimating their value in terms of tokens, freely trading them without involving other intermediaries, and reducing the costs of these operations. EdenChain is fast and can execute a large number of transactions quickly. The platform uses Namespace technology, which separates transactions and allows processing them simultaneously. That may involve hundreds of processes.

As is known, one of the main unsolved problems for today is the slowness of confirmation of transactions. Even powerful Ethereum computing systems cannot accelerate this process due to the lack of the formation of a full block of dApp.

The second problem is the operative work of oracles for smart contracts. In spite of all the accomplished progress, there are still a few technical difficulties when it comes to transforming and changing existing information. In the end, this also distorts the integrity of the original task.

The ecosystem of EdenChain, which offers the creation of a programmable economy, can solve Ethereum’s problem. The crypto platform is suitable for those who work in B2B, B2C, C2C trading segments. And also for those who have focused their activity in the sphere of providing services - including through ICO projects, in B2B commerce, in the P2P-finance segment.

EdenChain plans to work on a model of hyperdeflation in order to preserve and increase the value of coins. The circulation is limited to 1 billion tokens, initially the increase will start from 400 million pieces (sales volume). Beginning in 2020, coins will be burned at transaction rates, which will lead to a gradual decrease in the circulation and volume of coins. As the ecosystem and its operation become more active, the demand will grow and the supply will decrease. This will increase prices.

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The team has vast experience in the field of blockchain technology, cloud computing and processing of large data. It is based in Seoul, South Korea. At the same time, the company has legal addresses in Singapore and the British Virgin Islands in order to reduce the impact of possible government regulations.

The start date of the ICO according to the road map is after May 1, 2018. Project’s Hard Cap is $24 million. Institutional investors will receive up to 40% of tokens. The cost of the token is: 1 EDN = $ 0.06. The introduction of bonus programs will be carried out through the sale at the Pre-ICO stage. In round A, discounts will amount to up to 20%, in round B - up to 10%. The main sale will pass without bonuses.

The Token Fund's analytical department recommends the project for both short-term and medium-term affiliation.

The technological advancements and special features of the EdenChain platform, the interest shown in it by the business industry, and the fact that there is an experienced team of developers make it possible to come to a conclusion about the reliability and high growth potential of the project's token. Edenchain’s score is 8/10.

2. DAOstack (USA)

DAOstack is a universal framework for creating decentralized autonomous organizations. Decentralized and collective management of platforms in the industry of blockchain will be made possible through usage of their own smart contracts. DAOstack will be the link between various companies, applications and other platforms that operate as a decentralized autonomous organization (DAO).

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Despite the fact that the Internet helps exchange information in any volumes and at any distance, it nevertheless does not have an economic mechanism for implementing and coordinating global equitable production.

DAOstack is the operating system for creating DAO. It is on this platform that thousands of developers will be united, specializing in the development of decentralized applications that involve blockchain. Thus, by together creating decentralized applications and platforms, they will be able to take a stand against monopolies and compete with corporations such as YouTube, Yelp, TripAdvisor, and so on.

Pros of the platform:

  • own user interface

  • networks of organizations that jointly promote an anti-competitive economy

  • joint decentralized applications

  • user-friendly interface for developers

  • common archives, which will improve the interoperability of new applications developed on the platform;

  • help in connecting the mechanism of blockchain and smart contracts to any developed decentralized application or platform.

The platform tokens are GEN. They will be used for platform functionality, promotion of its offers and other services. Also they will be paid for the work of the developers of the structure. Tokens will be distributed as rewards for investments and development, and then sold to people who want to acquire rights to a particular platform or application. This will ensure the turnover of tokens and the growth of their value. The more applications will be created on the platform, the more tokens will be put into circulation, and the more they will cost.

The public sale of tokens will begin on May 1 and end on June 7, 2018.

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The hard cap of the project is $30 million. Unsold tokens will be burned. The distribution of tokens is as follows: 40% will go toward the sale (ICO), 40% of tokens remain in reserve, 10% will be a reward to the development team and 10% of tokens will go toward business development. Bonuses on the pre-list are up to 30%. The strategic bonus is 100%, with a 2-year lockout period.

Analysts at The Token Fund recommend this project to invest in. Daostack ICO is an innovative project that has no competition, with a strong team and advisors with proven expertise in the field of blockchain and entrepreneurship. A large number of crypto-investors have already displayed interest in the project, which will enable a good future for it. DAOstack is a promising project with a positive medium-term potential. The project evaluation is 9/10.

Latest comments

As a supplement to this analysis, here is an article explaining why edenchain is an important project for enterprise adoption:. https://steemit.com/edenchain/@acwtkae/edenchain-a-practical-next-generation-blockchain-embracing-the-deep-blue-ocean
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