Where do we stand as an industry?
Ten years into the game, blockchain has grown from a niche experiment for nerds to one of the main technologies having the potential to shape our future. The world’s biggest companies have turned the spotlight to the blockchain technology. The ecosystem has expanded from just a few people to thousands of enthusiasts. Bitcoin is mentioned in famous TV Series (let’s admit it, we all love Sheldon Cooper!). Innovative solutions are being built.
Here at Eidoo, we are thrilled to be part of this new wave of technological change. Our main goal is to make blockchain accessible for the larger public. The release of the Eidoo Wallet has enabled us to lay a strong foundation to achieve this – now that the fundamentals are set, we are ready to push it forward.
So, what is the status of the blockchain ecosystem?
Bitcoin has died 371 times to date.
Jokes apart, 2019 is setting itself as a relevant year for the maturity of the blockchain industry. Facebook’s release of its ambitious project Libra was a turning point for the sector. Tech Giants are validating the technology, recognising its potential and confirming its ability to be a paradigm shift for many verticals.
New trends are shaping the ecosystem – the purpose of improving transparency is encouraging us to re-building finance in a decentralized fashion. A report published by Circle identifies as main current trends DeFi (Decentralized Finance), Stablecoins and a new wave for Token Offerings among others.
The rise of the Crypto Punk movement highlights an interest to value transparency, free speech, privacy and decentralization in the financial system as well as others.
These themes are attractive for both startups and enterprises, that are powering a push for blockchain technology at the same time top-down and bottom-up. The growing interest for Decentralized Finance is highlighted by an increasing participation of institutional investors towards digital assets – according to a Fidelity survey, 47% of them declared to have cryptocurrencies in their portfolio. The interaction with financial DApps are on the rise as well – the industry saw almost 140% increase of the sum of total loans originated across decentralized lending platforms in 2Q19 relative to the prior quarter.
Falling right in the middle of this new Decentralized Financial sector, Eidoo represents a key component for the industry to reach the larger public. An easy-to-use yet secure bridge to the world of cryptocurrencies.
A one-stop-shop for crypto enthusiasts. The new Eidoo App (version 2.0) includes a whole new set of features, making it an all-round platform to access, hodl and trade crypto assets.
Unifying the experience for users, Eidoo lets them find multiple services in a single place. Among those:
- a secure non-custodian wallet (that’s right, funds stay in your hands!) for Bitcoin, Ethereum and ERC20 tokens
- a simplified experience for quick exchanges of digital assets, moving from one cryptocurrency to another with just a swipe
- a transparent Hybrid (D)Exchange, combining the security features of decentralized exchanges with the efficiency of centralized ones
- a window towards the blockchain ecosystem, dedicated to Initial Coin Offerings
- a flexible wallet supporting cryptocurrencies and tokens as well as stablecoins backed by multiple underlying traditional assets (including Gold and Fiat currencies)
- a seamless and unified tool to address KYC requirements of the blockchain sector
While offering these services, we have set the basis to evolve the Eidoo App into a new comprehensive financial tool.
We will mark this achievement with a new EDO burn!
The upcoming EDO burn closes a circle and enables us to make our app (and our token!) more interactive. Along with new features (didn’t you notice? A new roadmap is here, check it out!), we will switch to automatic EDO burns.
Automatic EDO burns make the activity of the Eidoo App more transparent and interactive. You trade, we burn. You swap, we burn. You exchange, we burn.