What are the EDC Blockchain goals?
You can familiarize yourself with the goals of the project by visiting the page https://blockchain.mn/home/ and seeing the current roadmap. |
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What are the EDC Blockchain goals?
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What is the sharing economy? How is EDC Blockchain evolving in this direction?
Sharing economy is an economic model of joint consumption or collective use of goods or services without mandatory ownership. Development in this direction will greatly facilitate the life of users and make it more convenient and comfortable. Thanks to this model, users will gain access to sharing services and participate in the international EDC Blockchain loyalty program, earning rewards and exchanging their bonuses for the services provided. |
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Introducing Changes to Staking Program
Dear users, The staking program will be updated on the EDC Blockchain platform. This update includes the following: From April 1, 2022, Maintenance Time, the payout rate for staking EDC coins will be 6% per year Locked period: 1 year Interest payout time: on a daily basis Please note: Users who have already staked their coins and users who stake their coins by April 1, 2022 maintenance time, will continue to receive bonuses with an increased payout rate of 3% per month on the deposit amount until the end of the program. To start staking and receive rewards, open the “Staking” tab in your EDC Blockchain account and enter the desired amount to stake. Click on the “Stake” button. Get daily bonuses to your personal wallet. Thank you for being with EDC Blockchain! |
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What opportunities does the EDC coin offer in the real economy?
Over 1.3 million EDC wallets are registered in the EDC Blockchain system by users from Latin America, Africa, Europe, and Asia. The EDC coin will be integrated into numerous retail outlets around the world, while each user can connect the coin to their business. You can use banners https://blockchain.mn/banners.zip for outdoor advertising and attract more EDC coin users in your area. |
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How can I transfer a check code or a red envelope? What are anonymous transactions?
With the “check code”, you generate a special code containing a certain number of coins and indicate the time during which the recipient can use the code and receive funds. Just select “Checks” when sending transactions. If you want to send the code to several recipients at once, use the “red envelope” by selecting “reusable check code”. These tools are used as bonus rewards in promotions, loyalty promotions, contests, and paying out salaries. If you want to keep privacy when transferring coins, enable “Anonymous transaction”, and the recipient will not see your name wallet. |
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How can I burn a coin, and why is it necessary?
You can burn coins by sending your coins to a special burner account, from which it is impossible to withdraw any assets. Currently, this is a coin-burner account. Each user can transfer the required number of coins to this account https://wallet.blockchain.mn/ranks to deploy a node, or any number of coins, thus contributing to the creation of a coin shortage, increasing value, as well as contributing to the support of the EDC blockchain. When sending transactions to a burner account, the commission is 0%. |
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What is the EDC emission?
100 million EDC coins will be issued. To maintain a stable exchange rate and a natural shortage of EDC coins in the market, a burning mechanism is implemented in the system. The burning process reduces the number of EDC coins by removing a certain number of coins from circulation. |
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Where can I use the EDC coin?
EDC coin is used in a few ways: ● As a bonus coin for staking service users; ● As a tool for holding loyalty promotions, bonus programs, gift certificates, and bonus accruals by entrepreneurs; ● As an exchange tool for goods and services in HoReCa, eCommerce, and the sharing economy; ● Trading on liquid exchanges (https://blockchain.mn/exchanges/). |
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What is the EDC Coin?
Bonus utility coin EDC (Every Day Coin) is a coin for every day that gives users access to the platform's products and its all additional features. |
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What do I get as a witness?
All active EDC Blockchain witnesses receive a daily reward for each confirmed block plus an additional reward from the transaction fees, which is distributed equally among all witnesses. |
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How can I deploy a node and become a witness?
You can find detailed instructions in this article: https://blockchain.mn/how-to-become-a-witness-account-and-deploy-a-node/ |
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What is the role of the witnesses?
A user who is involved in a staking service has the right to be a witness (Witness, Witness Node, Validator, Block Producer) by fulfilling certain conditions. Witnesses are responsible for reaching consensus in the process of creating and validating new blocks, for which they receive a daily reward. If the witness is ineffective, they will be quickly removed and replaced by another witness, thus ensuring a smooth network operation. |
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What are the benefits of stakeholders?
● You do not need to keep your wallet open or even use powerful computing capacity to receive staking rewards (if you are not a node); ● No need to invest in expensive equipment to mine new coins; ● Staking through DPoS makes it possible to eliminate double spending and ensure the security of the system; ● This is a great opportunity even for owners of a small amount of coins to receive stable bonuses. |
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How can I be involved in EDC staking?
Staking, unlike mining, does not require buying farms, spending a huge amount of electricity, and other specific skills. The main requirement for the owner of the coins is to keep the coins in their wallets. After coins have been staked, nodes start generating new coins, rewarding stakeholders with a daily bonus in proportion to their contribution. Each person determines the staking amount – the larger the stake, the greater the reward. After the staking period expires in 365 days, your coins are returned back to your balance. |
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What is staking?
All EDC Blockchain coins are either in circulation or staked. Staking is the process of storing coins in a personal wallet, with the help of which new coins are generated. Each stakeholder receives a daily reward, depending on the number of staked coins. |
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What kind of ready-made package solutions for creating a cryptocurrency does EDC Blockchain provide?
EDC Blockchain offers ready-made package solutions for creating a cryptocurrency. You can choose one of the following packages – Basic, Plus, or Premium – depending on your budget. ● Basic. You can create a coin, give it a symbol and a description. The characteristics included in this package make it possible to create a nominal token or a token for a small turnover. ● Plus. It gives you the opportunity to change the emission number, premine, and set the characteristics of the coin, such as the symbol and description. ● Premium. You will have the opportunity to create a full-fledged cryptocurrency, fully configure all the characteristics, as well as set all the necessary parameters! This is an advanced solution for serious projects. |
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What is a coin constructor?
With the help of a built-in coin constructor, you can create new coins, from a simple token for a small trade turnover to a full-fledged cryptocurrency with enhanced features. With the EDC Blockchain platform, you can tokenize and run businesses, develop startups and create new high-tech projects. You do not need any more powerful computing hardware and advanced programming knowledge for this, as the special code will reliably protect your digital assets, while free access to the currency will be provided with a client and a wallet. Assets created on an EDC blockchain can be traded or stored as permanent assets. |
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What are the advantages of EDC Blockchain?
● Transaction speed is up to 5 seconds thanks to the use of Graphene technology; ● The opportunity to be involved in the staking service and receive staking rewards; ● Creating coins and tokens for small and medium businesses using the coin constructor; ● Using EDC coin as a bonus coin in loyalty programs; ● Blockchain support by validators that ensure the decentralization of the network and the reliability of transactions; ● EDC Blockchain is actively introducing advanced technologies and making blockchain products available to everyone |
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How does the EDC decentralized blockchain work?
At the first stage of switching to decentralization, each member of the EDC Blockchain network can deploy a node and become a witness. Witnesses receive a reward for deploying a node on their server and processing transactions. The need to verify operations by attracting validators makes it possible to conduct only legitimate transactions. The transition to the public blockchain will take place at the second stage. After verifying the work of the witness nodes and voting for the inclusion of their nodes by an independent committee, users will get the opportunity to vote and make decisions, while continuing to be rewarded for the work of their nodes. |
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What is the mission of EDC Blockchain?
Our mission is to simplify the daily life of every user and provide the tools to fulfill their needs. |
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