As a reminder Polkadot is an interoperability platform which is set to launch in a few months, and Edgeware’s goal to bring smart contracts to Polkadot itself.
This would bring smart contract functionality to polkadot, and allow it to compete with Ethereum, Tezos, EOS and other smart contract platforms.
Edgeware is currently running an innovative alternative to a raise, known as a lockdrop. Instead of raising money from investors, Edgeware is allowing holders of Ether to lock their ETH up and receive Edgeware tokens in the future or to signal their intent to back the project, without locking to earn edgeware tokens. This is a really innovative approach to not only garner a large potential stakeholder base which is critical for a project's success, but also to increase the value of Edgeware’s future treasury without raising money from investors.
Currently there is 881k ETH locked and 1.2M ETH signaled, or $273M and $372M in value respectively.
Edgeware is a high profile project, and this is hopefully the most in-depth discussion to date on Edgeware with a ton of great color on Polkadot as well.
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Intro music by Chris Zabriskie