A Review of Edgecoin
The L.A. Assets Finance Ltd.was moved to launch the Edgecoin platform because of the challenges faced in the payment and processing of education related fees. It is the pioneer Defi platform that has features aimed at encouraging users to hold their crypto users to pay institutional fees through a digital platform. The platform is managed by experts with several years of experience in the cryptosystem and decentralised exchanges.
The platform is built on the Stellar network which has a great number of applications with unique features. The Stellar network ecosystem is fully decentralised to enable its users to spread their investments and interest in various platforms. It has a unique advantage over other networks because of its great features of permissionless, safe and faster transactions.
VISION OF EDGECOIN
The EDGECOIN platform is envisaged to provide solutions to the challenges that are faced in payment of education institution fees. It will help to reduce the stress and charges on students in the process of making education and related payments.
OPERATIONS OF EDGECOIN
The operations of the Edgecoin platform involve partner institutions and the students/users. The participants must complete the KYC and AML verification for users and partner institutions.
Payments are made on the platform with the USD. Users sign into the platform, complete the KYC, deposit EDGT tokens and convert the EDGT into the USD at the ratio of 1:1.
EDGECOIN DAPP
The DAPP of the platform is used to make digital online payments of education fees. The application has some unique differentiating features. It allows permissionless peer 2 peer transactions, transactions as executed instantly with a command. The contracts are also built on smart contracts based on Stellar. Its transactions are secured and cheap - require 0.00001 XLM, which can be refunded.
CONTRACT SPECIFICATION
The contracts executed on the platform are approved with online and offline keys. Contacts are introduced to the community using "Build" process. After approval, the Build is launched through Proxy that accepts the Built in the store of the Edgecoin Ledger. The contracts will be upgrade constantly to protect the platform.
The key required for approving the contracts are referred to as Signer, which is generated from a Higher Module Standard that has attained a certain stage. A high profile contract is approved with at least 2 signers. The contract is delayed for some time to allow for detection of any fraud or error that may affect the system adversely. The contract is cancelled if any error is detected.
EDGECOIN TOKEN (EDGT)
The activities on the Edgecoin platform are governed with the EDGT coins. It is the native coin of the community. The management will provide a total of 10 billion EDGT for the project. The coins will be supplied using the "Build" method, which requires online and offline approval by the management. This helps to control the supply in order to preserve the values. The token is anchored to the USD at the value of 1:1.
The platform has an integral coin that assists the EDGT in controlling the activities of the community. It is the Gradecoin. The GRTC is fractioned and has no limited supply. It can be used to settle cross asset currency differences, reward loyal members and in the payment of block fees by participating networks.
The Gradecoin can be staked for some benefits. The GRTC token can be staked for 10 days and can earn up to 20 in interest annually. It can also be staked in the oft-staking process that gives up to 5% annually.
EDGECOIN PLATFORM SUPERVISION
The entire Edgecoin system will be monitored by an independent third-party agency that will be engaged by the company. A top accounting firm will also be hired to conduct a constant routine audit of the system. This is to ensure that the transactions comply with financial laws, for the protection and sustainability of the company.
CAVEAT
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.
Project Links : 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 Details:
BTT Username : Movearmy
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