It is based on a fast, easy to use, disruptive, flexible, feature rich, turn-key Ethereum implementation, based on ERC20 standard and EVM contracts, with an embedded token system to fund the development.
& a secure, scalable, long-term oriented, privacy-compliant Bitcoin implementation, based on the new asset protocol RGB and off-chain trusted computing, with a traditional non-profit open..
Eidoo is proud to announce the release of the Eidoo Hybrid Exchange directly on the Eidoo app, available for iOS, Android and desktop.
With the Eidoo Hybrid Exchange, users can buy and sell cryptocurrencies and tokens in a matter of seconds while maintaining the high standard security offered by decentralization.
We call it “hybrid” because it uses the best features from the traditional highly-scalable centralized world and the new highly-transparent decentralized one! On the one hand, it enables to exchange ETH and ERC20 tokens via smart contracts, on the other, it efficiently handles the order management and the order matching part. What this means in practice is that you will experience a sleek UX yet very secure and decentralized.
In the past, this service was offered on a dedicated app because it was in beta-testing.
Now that the beta testing phase of the Eidoo Hybrid Exchange has ended, it has been integrated within the Eidoo app, thus offering an all-in-one and easy solution to store and trade cryptocurrencies on the go.
Also, the Eidoo hybrid Exchange won’t require Know Your Customer (KYC) process as our exchange platform is based in Lithuania, even if exceptions may apply in case of ICOs or tokens based in Switzerland.
So, the Eidoo Hybrid Exchange now offers the following features:
Trading wallet: a separate ad hoc wallet for trading where users can deposit and withdraw fund from and to their personal Eidoo wallet;
Easy configuration: all you have to do is create a trading wallet and you are ready to trade;
Multicurrency Support: the exchange currently supports Ethereum (ETH), Sgame Pro (SGM), Eidoo (EDO), Binance Coin (BNB) and Tether (USDT), while the wallet also supports bitcoin (BTC) and all ERC20 and ERC223 tokens;
Intuitive interface: exactly like the one you love from your Eidoo Wallet;
Rock solid security: based on an Ethereum smart contract, making any direct unauthorized access to your funds impossible;
Fast crypto exchange: using atomic swaps and smart contracts;
No need to complete a KYC as our Hybrid exchange is based in Lithuania;
Full control: users have full control over their funds as we don’t store their private keys.
Our Hybrid Exchange follows the philosophy of intuitiveness we adopt in every product and solution we make. That’s why there’s nothing on the market today comparable to Eidoo in terms of accessibility and intuitiveness.
We are confident that Eidoo users will love the new Hybrid Exchange feature of their Eidoo app and will get even closer to the fascinating world of cryptocurrencies.
A few days ago, we launched Ekon, a project for a gold tied stable coin. The answer has been great and many magazines are talking about this, including Coindesk, CryptoDaily, and Cryptonomist.
Here a few lines to better explain to you the project:
Ekon is a coin representing the gold you will purchase: each Ekon token corresponds to 1 gram of gold 999. 1 Ekon token represents the gold that you buy by purchasing that token (more on this follows).
Ekon is an ERC20 token, so of course, you will be able to collect them within the Eidoo wallet.
Currently, you can pre-order your Ekon tokens on www.ekon.gold. You can buy them with EDO tokens and the 50% of the commissions earn will be destroyed similarly to the other services that Eidoo offers. The price of the token corresponds to the gold market price and a fixed amount to cover for the handling costs (custody, audit, money laundering controls, insurance and other).
When the pre-order phase will be closed, you will be able to buy Ekon tokens on the Eidoo app after identification if you have not done it yet. Please be informed that by purchasing Ekon tokens on the exchange you are still acquiring them directly from Eidoo. Eidoo will not buy them on the market but you will be able to either trade them with other users or redeem them – hence receiving the amount of gold the token represents.
An audit will be executed every 90 days by an independent auditing firm. They will carry out an audit to verify the number of gold bars in our vault. After each check, we will publish a statement on it.
Storage fees are already included in the token price and are paid only one time on a purchase.
You will be able to “withdraw” your gold anytime, however, you will not be entitled to receive from the issuer the monetary value corresponding to the value of gold: this is due to regulatory issues, allowing the Ekon token holder to claim back anything but gold itself would qualify the token as a security.
Pre-orders are already available and we are receiving tons of request!
Today we want to share a big news that Eidoo has for you for the near future.
As we promised many times in our Telegram chat, we are going to add a lot of features in the Eidoo app, including:
Fingerprint and face unlock;
Wallet balance counter value in fiat currencies (euro, US dollar, Swiss franc, etc);
Eidoo DEX to be integrated into the main app (no 2 apps anymore);
New token listing in the DEX;
New interesting chances for projects to launch their ICO without dealing with any smart contract.
Note: a few of these features can be found in the beta version of the Android app.
Let’s read more about these features with a few images as a preview of the new Eidoo app.
The restyling power
Staying modern is a crucial yet challenging rebranding effort for every product.
But the problem is not so much on changing some colours or the app graphics interface (not our name), but on how to build a strong brand so that it can be appreciated by the market and last over time, reinforcing and adapting to its changes. It is a slow, delicate process that required us a strong investment in terms of time and efforts.
Our rebranding doesn’t include only colours and graphic but also our logo, as you can see in the image below:
We are also working to change the Eidoo website look to make everything more homogeneous and consistent.
When Eidoo was born, back in mid 2017, we were only 5 people around a white oval table working on it, and since our ICO was being launched, our main focus was on a strong marketing strategy and, of course, the user satisfaction in terms of the usability and effectiveness of the app.
This is the reason why we didn’t focus so much on the graphic design back then, but now, as we are growing bigger and bigger and in a phase of consolidation, we decided to give the app a new fresh face.
Of course, the brand, due to the environmental and competitive changes in the market, is to be influenced by a continuous process of innovation.
This rebranding also comes at a turning point for our app and for our work as many new features will be added. Let’s read more about them.
Fingerprint and face ID unlock
As you asked us many times in our Telegram chat, here in the next version of the app you will find the ability to unlock the wallet with your fingerprint or face ID.
So, instead of unlocking the app with a password, you will be able to use this new features, depending on your device.
Another feature you asked is to be able to see at any time what the wallet balance counter value in fiat currency is. In this new app version, we will include euro, US dollar, Swiss franc, and more than other 150 fiat currencies, so that you will be able to read the balance of your wallet with the fiat counter value.
It is not only related to the total value of the crypto stored in your wallet but also a balance of every single token you have. Prices are provided by the Cryptocompare APIs.
Here you can see a preview of the US dollar balance:
Eidoo exchange: Token Listing
Right now, as the Eidoo Hybrid Exchange was released in the form of a Preview version only, it can be tested by installing a separated app that you can download for Android devices only (read more here about our Eidoo hybrid exchange).
The exchange will soon be integrated into the main Eidoo app, so that every Eidoo user will be able to benefit from having it there.
Right after that, we will give the chance to anyone interested to send requests to list new tokens there: you will be able to send us an email to propose your token to be listed on our hybrid exchange. We will evaluate these tokens, and the ones which will be considered suitable the most will then be listed.
Also, we will add a section on the Eidoo website where we will communicate the tokens that will be burnt on a monthly basis.
ICO Engine improvements
Last but not least, we are also working to improve our ICO Engine platform, so startups will be able to organize their token sales in an even easier manner.
This will be possible by adding the ICO tokens in our exchange order book.
As it was planned in our whitepaper and anticipated in our official Telegram chat, we are going to destroy the tokens earned from the ICO Engine service.
The excellent news is that we will destroy 920,000.00 EDO tokens starting from August 31st. This means that we are going to permanently remove 1% of the total supply of EDO tokens.
We have collected these fees from a few ICOs that were launched during the recent months, including but not limited to ParkinGO, Xriba, Ubiatar and ORS. As it is described in our whitepaper, Eidoo will always destroy 50% of any token earned from our services fees, including the ICO Engine.
This means that the total supply of EDO will decrease in number: the more the service is used, the more tokens will be destroyed.
This “buy-back and burn” system will help us to decrease the tokens available on the market.
In fact, as already explained in the whitepaper, the net revenue from all Eidoo services will be collected in EDO thanks to a public smart contract which will distribute such revenue as follows:
– 50% will represent the revenue flow for the companies involved in the Eidoo project providing the added value services;
– 50% will serve as a voucher for the service. The voucher will then be deleted from the blockchain after its use, effectively forwarding these tokens to a burn address that doesn’t have a private key to move funds from.
First an introduction. Pigzbe is a digital piggy-wallet for children age 6 and up powered by Wollo, a family-friendly cryptocurrency.
The team behind Pigzbe is made up of award-winning designers, thinkers, and makers who have delivered products and services to millions of people for brands like Apple, Google, NASA, Primo, and Kano. Their aim is to introduce a new generation of children to cryptocurrency in a safe and secure setting, while also teaching them about the fundamentals of 21st-century finance.
The startup has already received a tonne of press attention, with write-ups in the Financial Times, Quartz and Wired, along with features in the Times Educational Supplement, world-leading design blog Dezeen, and a bunch of top crypto blogs like bitcoinist, NewsBTC and CryptoDaily. Plus, they’ve secured a listing on Bitfinex, the world’s largest and most advanced cryptocurrency trading platform, and their pre-sale has been a phenomenal success raising over $6m to date.
A product designed to be accessible to all with mass-market potential, Pigzbe is being touted as one of the most exciting ICOs this year (opens 5th September). Which is good, because we’re hosting it on our ICO Engine platform.
Why are we telling you this?
In the lead up to their token sale, Pigzbe is running a super special Proof of Love campaign where everyone who enters can win Pigzbe goodies, including hoodies, tees and water bottles.
The good news is that anyone with an Eidoo wallet address who has completed KYC can register. The better news is that, just by signing up, you’ll be immediately entered into a draw for 100,000 Wollo, worth $12,000 at ICO.
We are very happy to announce that today, August 6th, we have launched the Eidoo Bitcoin Wallet on the latest version of the iOS app.
The interface and the user experience are the same as the Ethereum wallet you may already be familiar with.
If you cannot see this new bitcoin wallet feature, you may need to update the app to version 0.12.10 or download the app here.
The Eidoo bitcoin wallet is available now for iOS, Android and desktop (Linux, Mac and Windows). So right now you can use the Eidoo app for Bitcoin, Ethereum and all ERC20 and ERC223 tokens.
Also, remember that we released the beta version of our hybrid exchange that you can download here (only for Android at the moment).
Our Director Thomas Bertani said: “We are glad to announce that the Bitcoin integration is now integrated with iOS too, as this marks the completion of our Bitcoin wallet integration release. While our team keeps working hard on new features that will be released shortly, we are eager to hear some feedback on that release from our iOs community”.
We want to hear your thoughts as your opinion is very important for us, so leave us your feedback via email or join our chat on Telegram.
A few days ago Telegram launched its Telegram Passport service that allows users to have a unique ID to validate the identity of who is uploading the documents.
In other words, it is a unified authorization system for identification services, an archive of documents that can be uploaded, stored and shared. This means that each document will be associated with its own identity so that it can be shared without losing ownership of it.
For example, if you upload your identity card, any Passport-compatible system will be able to request it without having to upload it again. This way your documents are uploaded only once, and you just have to share them with all the compatible services.
This is the reason why, in order to simplify the KYC process on our ICO Engine website, we decided to integrate Telegram Passport.
Obviously, our KYC is not replaced by Telegram Passport. Each user will be verified by our compliance team. Telegram Passport, however, helps users to upload their information faster.
This feature has been added to improve the usability of the ICO Engine platform. So, if you want to open a new account on the website, you will find the “Join with Telegram” button in the “Register” page.
Then you will be asked to enter a password to encrypt your personal information and it will be required whenever you want to log in to a new device.
Of course, you need to have the Telegram app installed on your device too.
Then you will be required to confirm the two-step verification by clicking on the link that will be sent you via email.
Then, to upload documents from Telegram, you just need to come back to the website e fill up the following form and click on “Authorize”.
ICO Engine is the Eidoo’s platform to participate in third-party ICOs selected by the Eidoo team. From the user side, you can participate in token sales by purchasing tokens, read info about ICOs and send support tickets. From the startup side, you can contact us to have a free quote for your ICO. We offer different services including legal assistance, smart contract creation, KYC, marketing strategy, and more.
One of the core features of Eidoo is its very own Decentralized Exchange, a long-awaited next generation exchange based on Ethereum, which enables users to trade securely while staying in total control of their funds.
Today we are really proud to announce the release of our first public version of it.
The next few paragraphs will explain how this first release works, what the unique technical features of the exchange are and what to expect from our future iterations.
We have asked our director Thomas Bertani, a long time blockchain expert, and Marco Polci, CTO of Eidoo, to describe in the rest of this article the disruptive elements that are powering the Eidoo Hybrid Exchange under the hood.
We call it “hybrid” because it uses the best features from the traditional highly-scalable centralized world and the new highly-transparent decentralized one! On the one hand, it enables to exchange ETH and ERC20 tokens via smart contracts, on the other it efficiently handles the order management and the order matching part. What this means in practice is that you will experience a sleek UX yet very secure and decentralized.
Given its experimental nature we have decided to temporarily release it in a separate application – “Eidoo Preview” -, but you shouldn’t worry as it has been extensively tested for months and anybody can download the application to try it out.
The “Eidoo Preview” application is completely separate from the normal Eidoo app however you should restore the same wallet that is being already used in the main application, you can keep using the same wallet in both applications.
The Eidoo Hybrid Exchange is powered by a variety of smart contracts coded from scratch in order to give the strongest guarantees that Ethereum can give around the total control of the funds. Those smart contracts enable the trading of ETH and ERC20 tokens, which get exchanged via the so-called “atomic swaps”. These smart contracts enable some automated logic to be executed and they can pull/push funds from the “Trading wallet” according to the indications you have given as exchange orders. This is the reason why the traditional Eidoo wallet has now been renamed to “Personal wallet”, while the one dedicated to such interaction with the exchange is called “Trading wallet”. You can deposit and withdraw funds at any time from the Personal wallet to the Trading one.
Differently, than Etherdelta and Etherdelta-derived exchanges, which fall short of strong security guarantees for the users, the Eidoo Exchange gives new security guarantees, a faster experience and it improves the order-matching logic by delegating it to a verify efficient off-chain yet secure engine. Other exchanges such as IDEX keep the order matching off-chain as well, but being that part centralized and not auditable they can potentially operate it in a way which gives them unfair advantages (i.e. front running), hence nullifying most of the advantages that a decentralized exchange is meant to give in the first place.
Thanks to our collaboration with Oraclize, we are using the Oraclize “authenticity proofs” to show that the order matching is done in a fair and correct manner. This is not only superior to all the existing centralized exchanges, but also a novel application in the DEX ecosystem. We are really proud to be pushing forward the developments in this space with a long needed feature like this one.
We are aware of the fact that the exchange UX is yet to be improved, but we have decided to release now the Preview version as the exchange itself is already capable of handling all the features we had described in our initial White Paper and, above all, to get some initial feedback on the work we have been doing for the past 10 months.
We are excited about the new features that we have invented as well as of the innovative underlying structure of the exchange and we hope that you will appreciate them as well; this is part of our effort to provide a simplified user experience to non-technical users, while not compromising the blockchain security model – this is key in order to provide a genuine blockchain experience to the average Joe.
During the coming months, we expect to release incremental improvements, first in the Preview app and later on on the main one, along with a set of tools that will make the integration with the exchange easier for professionals. Other trading pairs will be listed as well, however, initially we have decided to stick with ETH/EDO only.
The initial version of the Hybrid Exchange that we have just released while being fully functional, does not include yet a complete UI to monitor the orderbook and the charts – this means that you are free to place orders and trade but advanced users will find that the tools they are used to using are missing. An improved UX, including charts, full orderbooks and other useful information are coming soon as well, here is an anticipation of what you can expect next.
It is a big step forward for us and we hope that it will excite you at least as much as it excites us – we expect to merge it into the main Eidoo application shortly, once the Eidoo Hybrid Exchange has been extensively tested on its Preview version. In the meantime, why don’t you download the “Eidoo Preview” app now and help us to test it? Any feedback is welcome and yours is the one that matters the most.