Long time no read: Edgecoin update May/June 2018
Tldr: In the past six weeks, we have been working very hard to achieve our goals. It has been a busy time, and thus we have some exciting news to share.We have restructured the team. Max Gerdon joined the board and will be an Edgecoin evangelist. Shehab Ahmed will take on new challenges. Our collaboration with Northstar has entered the pilot phase. Our functional demo is live so we can showcase our solution to more prospects.
Read more:
Max Gerdon’ role change. He takes a role as adviser and will promote the idea of Edgecoin as an evangelist.
Max has always been a so-called digital nomad and after helping Edgecoin thrive from the early idea to the successfully conducted token sale he has now decided to pursue his life-long dream and travel the world and share the basic concepts of education on the blockchain.
We thank him for spending two years with us, and we wish him every success in his new role and also endeavors.
Maybe you will meet Max somewhere around the world and can enjoy having an inspiring conversation about his futuristic ideas of the world.
Mutually agreed on going separate ways
Any start-up is like a ship — it’s a complex mechanism, which consists of many parts, but which still cannot work by itself. It needs a captain and a loyal team. It means that behind of our project are not only ideas, finances and business plans, but the people who support our vision to change the world of education. Without a strong and cohesive team, you cannot succeed. We are very appreciated by everyone who has joined our mission.
However, to be successful, you need to be not only an excellent specialist but also share universal values. We have the pleasure to work with a strong team with various intercultural, religious, and scientific backgrounds, which often comes with its proprietary characteristics concerning communication and work style. Sometimes it is hard to find common ground when personal values cannot be aligned. To avoid the stagnation of project and to respect each other’s beliefs it is better to go separate ways. To cut a long story short, we are grateful for Ahmed’s support and wish him good luck and success in his affairs and business projects.
Hello to EDUX!
Our goal is the groundbreaking disruption of the outdated education system and its certification and approval process. It means that we build the technology that will revolutionize the education industry as a whole, and this requires changing paradigms and new approaches.
You are already familiar with our token EST (Edgecoin Smart Token). We realized that not everyone could relate to the role of the token in our solution because of the abbreviation behind it. EST can be used to pay for smart certificates or any other smart feature within the edgecoin-built client’s ecosystems. The usage though is not mandatory. It’s our proprietary token and more a value representative for the company and also for financial speculation.
After considering all of the thoughts mentioned above, we have simultaneously adopted a sophisticated but simple solution and have migrated to a new contract even more security. At the same time, we wanted to raise the relevancy of our ticker symbol and our core business, and that’s why we changed the name to EDUX. Behind this abbreviation lies an obvious and straightforward message — Education and Experience = EDUX.
What does it mean for our investors and partners? All our EST holders will get the new EDUX token. Only EDUX (not EST) will be listed during June / July 2018. EDUX will be distributed over a short period. To participants of our official bounty program (if you have already received your EST bounty, please don’t worry you will get EDUX in the same amount). Nothing will be lost!
However, as a sign of our appreciation for your support and faith in us, we decided to give back a little extra. We will double your EST stakes. So if you had 1000 EST, you would hold 2000 EDUX after the entirely conducted migration. Yep!
We hope this will brighten up your waiting for news and our projects and will strengthen your faith and support for us.
We have migrated and implemented new protocols for more security
After a very intense, productive and exciting last months we are still growing, so we need more resources for our projects. Therefore, we have started the expansion and switched to new capabilities, which will enable us to make our workflow more efficient and safe. Thus we have implemented protocols which have improved efficiency in the ecosystem.
Automation is the keyword.
Our partner Origin making big leaps
Origin has developed the first working implementation of ERC 725, the smart contract standard by Fabian (ERC 20, Web3, Mist).
Learn more here:
We are very thrilled to start testing it.
Cooperation with Northstar College
We are currently developing and optimizing our solutions in a joint effort with Northstar College based on our pilot. We are pleased to announce that we are already providing test solutions to real students.
Our Cooperation with Northstar College already gave us an overall understanding of how to improve customer satisfaction. So, let’s us take an opportunity to thank all participant of the Edgecoin and Northstar College pilot. This disruption is getting closer day by day.
We will share more info on our demo soon.
What will the future bring for Edgecoin?
Undoubtedly many are interested in our plans for the coming months. At the moment, there is much internal work to optimize our software solutions, as well as optimize workflows. All this passes invisibly for you but takes much time. Optimization of business processes, an audit of finance, as well as solving technical and business issues, but we have some exciting news for you coming up. Over the next weeks, we will list EDUX, and also we plan to surprise you guys big time.
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Stay tuned for more information and progress updates. You can do this by following us on our various social media channels:
- Telegram group: https://t.me/joinchat/Gm6kzxCn1qY4q0avxw7Bzg
- Telegram channel: https://t.me/edgecoin0x
- Bitcointalk: https://bitcointalk.org/index.php?topic=2720181.0
- Twitter: https://twitter.com/Edgecoin0x
- Facebook: https://www.facebook.com/Edgecoin0x
- Reddit: https://www.reddit.com/r/EDGESmartToken/
- Slack: https://edgecoin0x.slack.com/
