Fast, easy, and not only a Multicurrency Wallet: it’s a Hybrid Exchange too. It’s Eidoo.

When we started imagining Eidoo it was clear to us from the beginning what was there to offer to the market, that is, the same security, privacy, the functionalities and simplicity of use that us blockchain users would have wanted to have but were unable to find.

We have succeeded, it is now available. Eidoo represents the state of the art for the integrated utilization of the technologies that already today make the blockchain necessary if not indispensable for the exchange of value and the execution of censorshipless contracts between parties, with a high level of privacy and without access barriers.

Here and today it is not possible to say how many services will be integrated inside Eidoo, nevertheless we know what the future holds, from the next few months to next year.

Eidoo in its initial state is a light wallet conceived for the mobile world, and within the next 12 months will integrate the following:

⦁ Hybrid Decentralized Exchange: Eidoo’s killer application for the next 12 to 24 months, at least, is an integrated Exchange that gives the guarantee of the complete possession of one’s own cryptocurrencies and tokens, even at the time during which the users send the buy and sell orders to the Exchange. The exchange between the parties takes place in an atomic way (atomic swap), in other words if an exchange takes place it is because two parties (users) have found an agreement on the reciprocal price between two assets, a series of smart contract on chain allowing the exchange to take place instantly, from wallet to wallet. The enormous advantage of this set up is that the Exchange never holds cryptocurrencies of those who participate in the market but only handles the order management. Eidoo’s Exchange in the initial phase is to be decentralized on the Ethereum network but accessible from mobile devices; Subsequently, in its final version, it will be taken on centralized systems that are nevertheless certified and verifiable by the users, in other words systems that run an open source code and upon which it is possible to have the certainty that that code runs without manipulation, exactly in the way it is written.

⦁ Eidoo Debt Card: Within itself, Eidoo will shortly integrate a system for the conversion of the tokens and cryptocurrencies in fiat money to spend through the integration with the Eidoo Debt Card (EDC). EDC rests on an ecosystem of exchange of value with fiat currency completely integrated with the Eidoo wallet.

⦁ White Labeling Wallet: Eidoo will furnish the API and a dedicated service to allow the utilization of its own ecosystem on behalf of companies and services that harness the potentialities of the blockchain.

⦁ ICO Engine: A service to execute the allotment of new tokens (initially on the Ethereum blockchain but very soon also on Bitcoin through an innovative technology). The Eidoo ICO will be enabled to be accomplished only through the wallet itself though a dedicated keystroke and a guided procedure which encompasses the reading and the certified acceptance of the terms and conditions of the ICO. Through the ICO Engine, users have the certainty of participating without suspecting of being tricked into a phishing maneuver and the companies/foundations that emit the token have the certainty that each signee has declared to have read, understood, and accepted the terms and conditions of the operations.

The question to ask is what these first three services only imply in terms of value for the Eidoo token.

The EDO token has a proposition of value that is centered on three key concepts:

The staking of the EIDOO token on the Eidoo wallet in certain minimum quantities allows the unblocking of premium functions of the Eidoo interface and will give the right to obtain special bonuses on the blockchain through the mechanism of “air-drop”. A part of the certified turnover generated by the added-value services on Eidoo (such as the Exchange for example) is continuously used to acquire and destroy Eidoo tokens (buy back and burn). The Network effect; Eidoo is the central motor for the utilization and exchange of the Eidoo token which, by network effect and diffusion, will have growth of value as the installations and the utilization of the software on behalf of the users increase.

This said, what parameter can we give to imagine today the market value of Eidoo, in other words the capitalization of the EDO tokens that will be available on the market?

A good method is to build a comparison with tokens that represent services similar to those that will be all jointly integrated in Eidoo.

Please note: this analysis is partially developed only due to the reason that it is missing the Bitcoin part of the Eidoo project.