Dear community members,
On February 1, 2021, we will update EDC Blockchain in order to reduce the limits in the system and increase the ability for you to carry out activities with your coins.
We will update the following:
- A staking mechanism providing an annual interest rate of up to 36% will be launched. At the end of the staking period, in 12 months, the deposit is returned to the user balance;
- Masternodes accepting deposits will be deactivated. Masternodes will retain their bonus payment activity until the expiry date;
- Limits for all transactions will be disabled, including for sending, receiving and withdrawing coins, as well as transactions using payment instruments such as anonymous transactions, check codes, and red envelopes. You can transfer any number of coins to your partners without restrictions.
Please take note:
Staking is provided thanks to the use of the DPoS consensus algorithm. Delegating your coins to the EDC Blockchain system makes it possible to confirm blocks.
Staked coins are blocked in the system for the staking period and help the validators maintain all operations on the blockchain, allowing users to get new coins as a reward.
Staking Terms
- You can review your bonus coins or start staking by visiting Wallet> Staking.
- The interest accrual period begins the day after staking is activated and lasts until the end of the staking period, that is, in 12 months.
- Interest accrual time: daily.
- The annual interest rate may be adjusted based on staking rewards and depends on the information on the page on a particular day.
- The user can track the transparency of all transactions in the Blockchain Explorer.
Staking is the easiest way to get additional bonuses, which does not imply hidden fees and storage surcharges. The main requirement for the coin owner is to keep their EDCs in the wallet during the staking period. The more coins blocked, the higher the reward.
Thank you for the support!
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