Educational payments have been made easy @Edgeconpay

Review of Edgecoin

The Defi system is witnessing serious challenges which have led to the inability of the participants to hold their tokens for a long time to allow it to appreciate a reasonable value. Some of these challenges are coming from politicians who manage the government affairs. They promulgate severe policies against the Defi system in order to subdue the system, so that they will continue to victimize the people with the centralized system which they control. These government policies in conjunction with some volatile market conditions force the participants in the Defi to dispose of their tokens easily with little value appreciation, due to fear of losing their earnings. Payments in the education sector is only made in the bank with some charges, and the process can be so tedious. There is not much recent investment in Defi because there is not much earnings, as the market is on stand still.This development is affecting the Defi system and has undermined its development and growth.

Although many Defi platforms have been established, and several applications launched with many features. None of these platforms have been able to provide a solution for payment of fees in education institutions and as well reward its users to encourage them to hold onto their crypto currency for a very long time.

Therefore, the Edgecoin community was established with a vision of improving the values of the Defi system, through the establishment of the first digital coin that can be used to pay educational and its related payments. Its users can also stake in the pool to earn great benefits that will encourage them to hold their tokens for a long time. It is a fully decentralised community that is structured on the Stellar network which is the biggest network in the cryptosystem, with great features and applications that will enable its users to diversify their investment and improve their wealth conditions.

The Edgecoin community will be governed with crypto currency referred to as EDGT. Every transaction in the community will be executed with the EDGT. The management will supply a total of 1,000,000,000 EDGT which will be distributed to the community for the project, but the availability of the tokens will be controlled with a measure put in place by the management. The "Build" system will be applied to approve every supply of tokens to the community. The EDGT is anchored on the USD at the ratio of 1 EDGT : 1 USD

The Edgecoin community has a mini token which is used to achieve some goals in the community. It is known as GRADECOIN (GRTC). The GRTC can be used to reward some members for their contributions in the community and also used to pay some fee charges. The tokens can be staked to earn more benefits and tokens.

Contract Specification

The transactions that are done on the Edgecoin community are based on smart contracts. Each contract requires a custodian approval which can be another contract. The system requires a process. It is upgraded by "Build".The build is introduced into the store through proxy. An offline key is needed for every transaction in the community. This key is referred to as a signer, which is generated through a Hardware Security Module. High risk operations require at least 2 signers for its approval. A time-lock is applied to the transaction execution, which allows for detection of any harmful risk. Thus, the contract can be cancelled within the period if there is any risk detected.

Edgecoin Dapp

This is the official decentralised application of the community where its members will log in to do their transactions. Users are allowed to do transactions in the app without the interference of the management. It performs transactions very fast, and it is built on smart contracts that ensures its safety and transparency. Users sign into the application, complete KYC, deposit EDGT tokens which will be converted to the USD to make payments.

Edgecoin Platform Supervision

A third party will be contacted to supervise the activities on the Edgecoin system to ensure it complies with standard financial laws. The community will be audited by a top accounting firm on regular bases to guarantee its transparency. Users will undergo the KYC and AML verification for individuals and institutions respectively. These measures will protect the community and ensure its stability.

Legal Disclaimer

The white paper and website contents of the community is for information purposes and not advice for investment. Users are advised to do proper consultation with legal and financial experts before dealing on the Edgecoin platform. The contents on the white paper can be amended or updated by the management for the benefit of the entire community. Such action will be relayed to the community through social media channels. The community will not be liable for any loss or damages incurred by clients by transacting in the platform.

Writer Details :
Bitcointalk Username : Ifydon
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2968576
Prove of Authentication : https://bitcointalk.org/index.php?topic=5347431.msg57460490#msg57460490
ETH Adress : 0x91CB89E7F0De0f5F37ecC7305FBeC954e32b72b6