SWOT analysis of ICO (ITO) project

Assessment of strengths and weaknesses, opportunities and threats to the external environment

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Project concept
4.3
Business model
5.7
The tech
3.3
Team
5.3
Tokens
6.0
Project support
5.7
Media Environment
2.0
Jurisprudence
4.6

Average score

4.6 / 7.0
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.
Price
0.06 USD
Soft cap
-
Hard cap
24,000,000 USD
Bonuses at Pre-Sale
-
Platform
Ethereum
Token type
ERC20
Accepted
ETH
EdenChain is an infrastructure blockchain project aimed at digitizing real assets. The project can be
compared with the largest similar projects like Ethereum and NEO. The project is able to unite existing blockchain
standards in a single solution, allowing them to interact on a cross-chain principle and this allows to count on its
success and return on investment. However, the demand for the project can be significantly affected by the blockchain
centralization.

Strengths

Blockchain technology is necessary for the project
The team described in detail the business model of the project
There is a clear roadmap
The issuance of tokens is limited
The legal structure of the company is transparent
The founders and leaders of the project are recognized professionals in their fields and in the blockchain industry
The project team has extensive experience and a strong track record
The project has a strong advisory board
The project’s partners are large and well-known
The project founders have experience of implementing a successful business in the project field
The source code of the project is published on GitHub.

Weaknesses

The competitive landscape and the project's competitive advantages are not sufficiently defined
The project is not popular on social networks and in thematic communities
The project is not widely discussed on blockchain news resources
The team does not have a working product

Opportunities

Expansion of the market / Creating a new market niche
Increasing demand for the company's product
The growth of the token exchange rate in the medium and long term
Increased demand for tokens from ecosystem participants
The project activities are carried out with the fulfillment of the requirements for the processing and storage of personal data
AML Activities
Increased trust in the project and growth in investment
High level of the company's influence on the market
Activities in the legal field of entrepreneurship and tax payments

Threats

There is a risk of anauthorized withdrawal of funds through a vulnerability in the code

Recommendations for the project

High-priority tasks

  • Describe the competitive landscape and the project's competitive advantages in detail
  • Actively market on social networks and in thematic communities
  • Initiate marketing on blockchain news resources
  • Submit a product prototype
  • Carry out a safety audit of the smart contract and publish the results

More information is required

  • about the financial plan
  • about the regulation of fund dispersal and usage of tools (for example, the use of an escrow) that would guarantee the return of investments if the stated usage of funds is not followed
  • about compliance with the legislation requirements of the securities market and on the taking preventive measures
  • about the conditions of the token sale

Medium-priority tasks

  • Supplement the justification for the need for blockchain technology in the project
  • Make the legal structure of the company more transparent
  • Attract more specialists with extensive experience and competencies to the team, that are not present among other team members
  • Cooperate with additional experts with experience in implementing a successful business in the project field
  • Increase the functional readiness of the platform's source code
  • Identify additional problems and market needs
  • Identify additional opportunities to increase demand for the product
  • Improve the mechanism for protecting tokens against devaluation
  • Eliminate minor violations of legislative requirements for the processing and protection of personal data
  • Eliminate minor violations of the legislation in financial regulation and AML
  • Attract additional large VC investors to the project
  • Improve the competitive advantages of the product and project
  • Work out additional legal risks of project implementation
The results of SWOT analysis express the views of DigRate and does not constitute a statement of fact or recommendation to buy, hold, or sell these or any other assets, or make investment decisions. This information may be distributed without the prior consent of DigRate, but must contain links to www.digrate.com