ICO review of EdenChain (EDN): valuation, analysis, token cost | Digital Rating Agency
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This project doesn't have a level of investment attractiveness
No
Rating
Medium
Quality Rate
4.6 / 7.0
project concept
5.0
tokens
6.3
business model
5.7
project support
5.3
the tech
2.5
communication
3.0
team
5.0
jurisprudence
4.1
To ICO
9
days
Start: 01/05/2018
End: 31/05/2018

EdenChain

About

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). EdenChain uses smart contracts to integrate real and virtual economies, creating a new and enormous economic system and programmable economy.

Rate history

The first professional digital rating agency DigRate has assigned 4.6 points out of 7.0 to the EdenChain project. EdenChain is an infrastructure project focused on the implementation of a programmable economy and includes the following services: HelloEden (ICO platform), Cleandeal (B2B trading platform) and MyCreditChain (p2p financial service). The project offers users (including companies) the ability to digitize their own assets, transferring them to virtual space gaining the opportunity to interact with other ecosystem participants. EdenChain will combine separate services for their seamless interaction. Information about the business model of the project is practically absent. The system will receive revenues through commission for transactions of the platform users processing the smart contract operations. Thanks to tech solutions, this cost ($ 2) is lower than that offered by other blockchain platforms, that is one of the key advantages of the project, according to the project's developers. Although the rationale due to which the cost will be reduced in comparison with other projects is absent. The MVP is currently unavailable and according to the road map it can only be expected after the ICO. A fork of the CryptoNote project is published on GitHub. Edenchain team did not bring anything new to this fork except for changing of configuration information. Thus, it turns out that there is nothing to discuss regarding the tech including a smart contract. The independent safety audit of the crowdsale smart contract and the platform has not been carried out. Based on the available information, it can be concluded that the EDN token will perform several functions on the platform. Firstly, it is a means of payment for the services rendered on the platform (purchase of tokens, granted loans, purchased goods), thereby it ensures the interaction of all platform elements among themselves being a monetary equivalent. The EDN token is a key element of the platform ensuring its functioning. In case of successful implementation of all conceived technologies and ecosystem elements, the project can occupy its niche on a rapidly developing crypto market. The project has strong competitors that is why it is difficult to occupy and retain positions in this market. It is important to note the project risks associated with the low level of thoroughness of legal issues and the blockchain centralization. Public authorities can influence the conditions for using a centralized network regulating the Edenchain or hosting provider work. There are also risks of funds loss during the ICO related to the presence of possible vulnerabilities in the smart contract code. More information about the strengths and weaknesses of the project can be found in our review.
Token
EdenChain
Price
1 EDN = 0.06 USD
Soft cap
-
Hard cap
24,000,000 USD
Bonuses at Pre-Sale
-
Platform
Ethereum
Token type
ERC20
Accepted
ETH

Downloads and links

Website
Review
Whitepaper

Social links

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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any of the assets or take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating assessments from Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is the official site www.digrate.com
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com