A startup is regarded as a company founded by group of individuals founders or entrepreneurs on a course to source for a business model which is scalable and also repeatable. It is designed in such a way that it develops and also validates a buisness model which is fully scalable right from the scratch.
Business on the other hand, involves the activity of establishing one's self through the production, buying or selling of goods and services. In simple terms, it can be said to be any form of activity which is basically developed with the sole purpose of making profit in return. However, tokenisation involves methods that aids to convert assets into a digital token achievable with the aid of blockchain technology system. Tokenisation not only offers solution to the expensive as well as complex transaction procedures encountered in a non blockchain driven system, it also offers solution to the exchange system itself. So imagine tokenisation of startups and business using blockchain technology system, sounds awesome right.
INTRODUCING EDC.
Blockchain technology system was the platform in which the cryptocurrency was developed. Cryptocurrency is a form of digital asset that can serve as an option or means of payment. Blockchain technology system ever since its adoption has continually proven vital in certain areas in which it has been implemented ranging from: full scalability to maximisation of security protocols through the use of smart contracts. However, the EDC BLOCKCHAIN PLATFORM is basically a platform that is so determined to bring about the essence of tokenisation to both startups and also businesses who are willing to have that taste of blockchain technology system as well as enjoy the benefits which comes with it. And to acheive this basis of tokenisation, the EDC BLOCKCHAIN PLATFORM will basically incorporate a model to acheive this core objective. The model will be known as the Bitshares 2.0 Graphene protocol and with this, the startups as well as businesses that will be launched on the EDC BLOCKCHAIN platform, will be able to carry out transactions about 100,000 in a second and also work with several tokens compactible with the EDC blockchain simultaneously while forming a new block in every 3 seconds interval.
For the purpose of clarity, EDC blockchain is not just a cryptocurrency but it also acts a s a multifunctional platform which has many benefits for all its registered users. Benefits like the ability to create their own cryptocurrencies for their basic startups and businesses as well.
CORE OBJECTIVES OF THE EDC BLOCKCHAIN PLATFORM.
The major concept or goal of the EDC blockchain platform is to develop for upcoming startups and businesses a system that is convenient for exchanging of goods and services on the major basis of the EDC ideology throughout the world on a global scale. It also acts an avenue for private or small scale or medium sized businesses to tokenise their systems while also acting as tool to attract more well meaning investors to invest in the system as well as develop the platform.
EDC BLOCKCHAIN COIN CONSTRUCTOR.
The coin constructor will be a model that will be inbuilt in the EDC blockchain system with which registered users will be able to create their own tokens according to their budget as well as how they deem fit. With the inbuilt coin constructor, the platform will offer users a variety of already designed packages as solutions to help them create their tokens or cryptocurrency assets. To create the tokens, users will ha e to choose from three basic categories depending on their budget. The categories or packages which they can choose from includes:
BASIC PACKAGE: enables coin creation n assigning of symbol and description to the coin. It is also ideal for creating of a coin with small turnover.
PLUS PACKAGE: Grants opportunity to change coin's emission number, set basic characteristics for the coin and also description nd symbol.
PREMIUM PACKAGE: Offers the opportunity to create a full fledged cryptocurrency asset coupled with a PoS mining algorithm, as well as full characteristics and other features for the coin. It also is ideal for offering advanced solutions for critically serious projects.
Apart from the above listed, the platform also offer other services like conducting STO's, project marketing activities, offering marketing support, offering advertising services as well as promotion of services etc.
BENEFITS EDC BLOCKCHAIN WILL OFFER TO IT'S USERS.
Registered users onboard the EDC blockchain will enjoy the following;
- The fastest ever transaction thanks to the bitshares 2.0 graphene technology.
- The privilege to create their own coin by using the coin constructor to tokenise their business and startups.
- An advanced technological models to ensure full scalability and effectiveness.
- Opportunity to indulge in coin mining by leasing their coins inorder to bonuses and their leased coin in return.
EDC BLOCKCHAIN PLATFORM'S LPoS ALGORITHM.
The LPoS in full means "Leased Proof of Stake". This basic consensus mechanism has the basic advantage to attract more users to the platform with the core concept of aiding in developing and securing the platform's network. It's core essence is to give owners of small cryptocurrency amounts to rent their coins to a full fledged node which later turns into a masternode and in return they will be reward based on their basic contributions to the node in form of a mining process.
EDC BASIC UTILITY TOKEN
The token to be used by the EDC blockchain platform will be termed "EDC" token which in full means "Every Day Coin". The token is limited at 100 billion units though the number will be reduced through a mining process.
TO GET MORE INFORMATION ABOUT THE EDC BLOCKCHAIN PLATFORM.
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Website: https://blockchain.mn/
Whitepaper: https://blockchain.mn/wp-content/themes/blockchain/EDC_Blockchain-presentation_(EN).pdf
Writer's Bitcointalk Username: Mantaya028
Writer’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2550188