World’s First Educational Digital Stable Coin Payment
Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Decentralized Finance
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Although cryptocurrencies have revolutionized financial systems and digital banks, the education sector remains untouched and needs a stable digital currency that anyone related to the education sector can trust and use in order to modernize the market. For this reason, I want to share with you a new project called Edgecoin (https://www.edgecoinpay.com/), a significant development in educational digital assets based on blockchain technology that allows education-related transactions to be settled at the same speed as the Internet while making full use of educational infrastructure, regulation and the stability of traditional financial processes and systems.
What is Edgecoin?
In more detail, Edgecoin (https://www.edgecoinpay.com/) is the world’s first educational currency that provides an open payment system for an educational institution where people can make secure, fast and reliable education-related transactions through a decentralized, stable and reliable application that will work at the speed of the Internet while making full use of the educational infrastructure.
How does it work?
Edgecoin will work through a mobile application that must be downloaded to then register and become part of the ecosystem. In order to participate, customers will have to pass a KYC that will give greater security and reliability to the platform.
Once the KYC is passed, users will be able to buy/sell Edgecoins through the application and from any Stellar (XLM) address, the network where the platform’s own transactions will be determined.
Finally, the purchased Edgecoins can be used in a smart way to push payments to the limit.
List of Benefit
Instant transactions
Reduced costs
The world’s first stable educational currency
Apply Gradecoin automatically while holding Edgecoin
Global and secure system
Staking Pool with Gradecoin
The user will have to connect his wallet through Metamask. Then choose the tokens he/she will want to deposit within the Edgecoin platform and thus be able to start trading. Once the coins are obtained (which will be called W-Edge), users will be able to staking with the imported tokens and be rewarded with Gradecoins automatically. The current major benefits of the staking pool within Edgecoin is that it is a very new project that is not yet listed on exchanges, but you can be rewarded for participating in its pool. In addition, as there is not much participation yet, the reward % is high, around 34% of Gradecoin.
Tokenomics
Edgecoin (EDGT) has a native token called Gradecoin (GRTC) that allows the settlement of intermediary currencies between assets and is based on the Stellar network protocol. Gradecoin is the fuel token for performing resource control of the Edgecoin network.
Name: Edgecoin
Abbreviation: EDGT
Token type: Stable coin
EDGT Value: 1 USD
Supply: 10,000,000,000,000 EDGT
Social Media Links
Whitepaper: Edgecoin_WP
Facebook: https://www.facebook.com/edgecoinpay
Twitter: https://twitter.com/edgecoinpay
Telegram: https://t.me/Edgecoin_chat
Author
Bitcointalk Username: Cantika28
Username: @Cantika28
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=3334480
BSC USDT Wallet Address : 0x8D2D718d20856E60eE7bb67825C06DAE1594F95F