INTRODUCING EDGECOIN
The education sector is witnessing challenges in the payment and processing of payments in various institutions. The students pass through a lot of stress and pay ambiguous charges to banks for processing some institutional fees. These challenges prompted the establishment of the edgecoin command by L.A. Asset management.
The community is a decentralised system that is based on smart contracts and built on the Stellar network. A decentralised application will be launched in the community to assist its users in making education and related payments easily and without any charges. All a user need to do is to log into the App, deposit the EDGT coins which are converted into the USD. Thereafter, payments can be made with the dollars. Transactions in the App are secured and safe from any kind of fraudulent activities, as members must complete KYC and AML for individuals and organizations respectively.
Every contract on the platform must pass through custodian approval before execution. The approval process is done by introducing "Builds" into the store of the company. Every new Build replaces an old Build in the store. An offline key is also needed to approve transactions. The offline key is generated through a Hardware Security Module that has reached a certain stage, referred to as Signer. High risk operations are approved with at least 2 Signers. After the approval of the operation, a time-lock of some period of time is observed to allow detection of any anomaly in the contract that may be harmful to the community, and the contract is cancelled at the detection of any anomaly.
The edgecoin community will be closely monitored by a third party organization that will be engaged by the management. This is to ensure that its transactions are in line with financial laws. Also, a top accounting firm will conduct routine audits on the transactions in the community to ensure transparency.
Transactions in the community will be governed by a crypto coin known as EDGT. It is a custodian token with a value equal to $1. There is a junior token to the EDGT known as Gradecoin - GRTC. The GRTC is fractionated and utilized to make linear payments in the community. Smart contracts that does not have qualifying digital identities can be supported with the GRTC to gain priority It is valued at $0.05 per GRTC
CAVEAT
The Edgecoin community will be responsible for any misfortune or loss of funds encountered by any participant in its system.
Participants are advised to consult legal and financial experts for professional direction before taking part in the Edgecoin system.
The contents of the white paper and website of the company was derived from perceived trusted sources, although the company does not guarantee trustworthy. Therefore, the content is not advice for investment, rather it gives information about the present and future benefits and developments of the system. Nonetheless, the community does not guarantee the success of the innovations and techniques or their full implementations..
The white paper contents can be amended, modified and updated for the benefits of the community, and such action will be made known to the community through the Social Media handles.
For more information : https://twitter.com/edgecoinpay
https://www.facebook.com/edgecoinpay
https://www.linkedin.com/company/edgecoinpay
https://www.instagram.com/edgecoinpay/
https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g
https://t.me/Edgecoin_chat
https://www.edgecoinpay.com/
Writer Information :
Bitcointalk Username : Dadagold
Bitcointalk URL : https://bitcointalk.org/index.php?action=profile;u=2968555
Prove of Authentication : https://bitcointalk.org/index.php?topic=5347431.msg57452467#msg57452467
ETH Address : 0x65F82e128b339A3Bd827696e71D54cA4e387580a