Preview of E-Garden and DApps is open now! This is a read-only test mode to give our community an early taste of E-Garden and two gambling DApps. We hope it gives our community a clear view on how the E-Garden and DApps work before the next version.

• E-Garden: https://e-garden.edenchain.io
  Keno: https://dapp-game.edenchain.io/keno
  Plinko: https://dapp-game.edenchain.io/plinko

‼️Please note that the ongoing updates may restrict access for a certain period of time.
‼️Korean users will not be able to access Keno and Plinko due to regulations set by the Korean GRAC.

In order to get the full experience on E-Garden as well as E-Wallet and DApps, please join our E-Testers program. For detailed information on E-Testers, go to: https://edenchain.io/announcement-e-testers/

As 2018 comes to an end, the #EdenChain team wrote a letter to our investors, sharing the latest news on the most recent developments.

Over the next days, we will also share these news, so our entire community can be up to date with what we have been up to.

🔹December 21: E-Garden

"We have been actively working on creating real demand for EDN coins as well as continuing to improve
our tech development in order to foster a compelling business environment.

E-Garden is a mobile-friendly DApp store platform that will function as a DApp repository with a userfriendly
interface to access Eden DApps. A wallet will be integrated to provide payment capabilities.

Garden of Eden (E-Garden), therefore, can be simply viewed as a DApp platform where crypto aficionados
can enter to discover and access DApps running on the Edenchain blockchain. It will also be a place
developers can join to develop/submit their own DApps. Before the end of this year, we will launch a test
version of E-Garden to test its impeccability to operate smoothly."

Why would it be worrisome though? Ultimately, the tokens should be sold to the users of the token, with Edenchain tokens being a utility token.

There are some use cases for the general community using the tokens, but we expect that majority of the demand for the tokens will come from enterprises in the future because they are the main user of the Edenchain platform.

We have carefully considered allocating tokens to those who are the most likely to need the tokens in the future when the platform is live.

You've misconstrued my words. These are accusations that you have raised against Edenchain without any merit.

1. Yes, 4% of TOTAL supply was sold to the crowd during tokensale. Since 40% of total supply was sold, that means that 10% of the tokensale was sold during crowdsale. (To aid your understanding, the mathematical formula for this is 0.04/0.4 = 0.1)
2. The token distribution of 20% a month, distributed over 5 months was put in place because we wished to deter short-term investors (aka flippers) from entering the project. The community, including enterprises, strategic partners and future users of the platform, are important to a blockchain platform such as Edenchain and we want to give allocation to those who are aligned with our vision.

In our view, especially considering that Edenchain was designed to be a platform for enterprise users, the allocation of our total token supply makes sense because a key user of the platform will be enterprises.

Thanks Ribokun for your comments.

If you carefully analysed the team, you would notice that their strength comes from the 70+ over years of experience that the four core developers have. These are not just recent graduates from schools with no business experience. Instead, they are seasoned high technology developers who have worked for governments and large corporations to use technology to gain efficiency gains and increase security.

Here's an article to find out more about the team. https://edenchain.io/an-opportunity-to-get-to-know-more-about-our-founders-and-core-developers-2/

Edenchain was not built on a set of ideals about how a blockchain platform ought to be. Instead, it was designed with the enterprise user in mind. Our team knows that corporations need transactions to be processed reliably, have stable & low fees, highly secure on-off chain interoperability, scalability, efficiency, customisability, and privacy. Additionally, Edenchain also uses RESTful APIs to lower the barrier to blockchain adoption. Many enterprises do not have the resources to hire blockchain developers who are extremely expensive to hire. However, most developers are already comfortable using APIs and this would ensure that they can harness the power of blockchain technology readily.

Update to the crowdsale, 3,230 ETH was raised in Round 1 and 810 ETH was raised in Round 2.

Based on this figure, ~10% of the hardcap was sold to the community.

Additional, despite the best effort of Edenchain team to shut down pools, there still remains some pools which exist that we do not have sufficient evidence to refund them. Hence, true allocation taken by the public is larger than 10% of the hardcap.

It is also important to note that based on Edenchain's tokenomics, the majority of the tokens will be used by enterprise users who are looking to tokenise their products and services on Edenchain platform. Enterprise users need the tokens as:
1. Service Deposit: A portion of tokens must be locked up to lower the risk of malicious users attempting to hog namespaces.
2. Transaction fees: Incurred for every transaction on Edenchain. Purpose is to compensate node operators for their services.

The general community who would likely use it for exchange fees or participation in future ICOs on the Edenchain platform.

In view of the potential use cases of the tokens, we view that the distribution was most appropriate. It should not be assumed that the larger the public distribution, the more equitable the token distribution is before you even critically analyse the use case of the tokens.

Thank you for the comments on Edenchain. Do check out Edenchain's MVP of the E-Explorer - the first among many products to be launched on Edenchain.

https://edenchainio.wordpress.com/2018/04/30/demo-of-e-explorer-mvp-the-first-among-many-products/

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Despite how some governments are trying to ban cryptocurrencies, there will still be a few governments, mainly the smaller countries like Malta and Singapore that embraces cryptocurrencies.

Cryptocurrencies will continue to thrive as long as there are at least a few countries that adopt it. Technology is frequently a winner takes all game, and the larger countries will very quickly realise that they are losing out on the game and will FOMO back in.

You can use this list of questions to evaluate ICOs:
- Is it an asset-backed security?
Most exchanges require a securities license before they can list securities and most do not have it. Stay away from ICOs which are securities.

- Can this be replaced with a system similar to airmiles?
If the biz model can still work with a points system instead of tokens, then it’s a sign that they are just coming into cryptocurrencies to cashgrab.

- Is the blockchain required
If the infrastructure can work without a blockchain, then it’s also a signal that it is a cashgrab

- Are the team member resumes strong? - have they achieved things before, or are they still in university studying?

- Are they already in a successful business, got network and contacts to make it, see it through?

- Is there are strong business case?

- Do they have an idea which is implementable in reality? Can the concept be integrated in real life?

- Is there a monetisation model? Revenue / Cash flow?

- How easy or difficult is the entry barrier? Can it be easily copied?

- Does the model require tokenization to work?