Introduction
Many Defi have been established with various features and applications to attract investors into the Defi, but most of the investors and participants dispose of their tokens almost immediately they received them or with little appreciation in value. This has destabilized the system and delayed its growth.
There is a serious need to encourage Defi participants to invest and hold more tokens in order to improve the values of the Defi system. Recently, participants in the Defi sell off easily as soon as it appreciates a little. This is because of some volatility in the market that results in changes in the prices of crypto currencies. The government and its officials are also fighting to pull down the Defi because it is gradually over-powering the centralized finance system with great features that lure many individuals and institutions to the Defi.
This challenge of holding crypto tokens as a store of value led some experts in the system that have the zeal to protect the values of the system to establish a community that will encourage its members to hold their tokens for a long time and allow the tokens to appreciate massively, before disposing them. This will improve and stabilize the values of the system.
The Edgecoin platform is built on the Stellar network because of its great advantages over other crypto networks and which will be beneficial to the users of the platform. Transactions on the Stellar network are cheaper and processes faster. Users are free to trade their tokens without interference of the management.
There is a crypto coin that controls the activities and transactions in the community. It is referred to as EDGT. Every transaction in the platform is based on the EDGT coins. 1 billion coins will be supplied to the community for the project. The management will adopt measures to control the availability of the tokens in order to maintain the value of the company. Each EDGT is valued at 1 USD.
There is another junior token used in the community to realise the goals of the community - 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, and to elevate smart contracts that don't have good quality. The tokens can be staked to earn more benefits and tokens.
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.
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 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.
Useful Information : 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 :
Bitcointalk Username : Onyeagwaojoo
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2890534
Prove of Autorisation : https://bitcointalk.org/index.php?topic=5347431.msg57442891#msg57442891
Wallet Address : 0xBa52b9eA68a4c8EF7593FC51CCf6769832acc5b4