Overview

Cryptocurrencies are gaining much more popularity faster than expected. The crypto industry has significantly grown and expanded, attracting many newbies and experienced traders and investors. It is well known that the potential of digital assets has not yet been fully realized in terms of global liquidity, value scale, and exchange due to severe price fluctuations of cryptocurrencies.

This understating also applied to the education ecosystem, where the education sector needs a stable digital coin that anyone related to the education sector can trust and use. Here we introduce a digital stable coin named “Edgecoin”, created, issued, and managed by L.A. Asset Management Ltd, and supported by “Gisrah University”.

What is Edgecoin?

Edgecoin is an Educational Stable Coin that provides an open payment system for educational institutions where individuals can make education-related transactions such as enrollment fees, accommodation, and books via a decentralized application to be settled at the same speed as the Internet while making full use of the education infrastructure, regulation and stability of traditional finance process system.

Edgecoin enables participants to benefit from the regulation of blockchain technology and education regulators, allowing them to trade with trustworthy and secure assets that are guaranteed and valued against the dollar.

Edgecoin Payment system has been built to bring complete transparency, security, and process efficiency to the education payment system. Edgecoin is a completely decentralized system based on a stellar blockchain.

Aim of Edgecoin

Edgecoin aims to improve education monetary functions by taking full advantage of blockchain innovations and ensure it is trustworthy through traditional education finical infrastructure. In short, the stable Edgecoin issued by the L. A Asset Management Ltd. that is supervised, managed, and audited and in strict accordance with the 1:1 ratio of a dollar in full, can integrate both the trust, stability of the dollar, and the availability, timeliness of digital assets.

Vision of Edgecoin

The basic and long-term vision is to provide a peer-to-peer secure and transparent digital payment system for Educational Institutions based on blockchain technology with the help of DApp powered by Stellar Network.

Feature of Edgecoin

Transparent System: In Edgecoin, digital payment on all transactions is public and safe as the transaction cannot be altered in any manner because of blockchain technology. The unique features of blockchain create a secure and transparent environment for all the parties involved in the transactions.
Security: Edgecoin processes a transaction through a smart contract-driven payment system directly built into the platform. As a result, payment is transferred in a safe environment and this blockchain technology eliminates the problem of data security.
High Speed: EdgeCoin is based on the STELLAR blockchain. Thus, transactions are processed within 5 to 10 seconds, which is much faster than other cryptocurrencies or fiat payment systems. In addition, the transaction fee in the STELLAR blockchain is negligible – .00001 XLM per transaction (i.e. 1 cent per 1000 transactions). So payments for educational services become cheap and instant.
KYC and AML: EdgeCoin implements extremely strict and reliable KYC and AML procedures. Thus, educational institutions will always know who paid for what. However, students will have to deal with paperwork only once – when they join the system.

How Edgecoin works?

Edgecoin’s customers deposit stable Edgecoin in exchange for a dollar, and Edgecoin is redeemed or “destroyed” while Edgecoin’s dealer cooperation agencies deposit Edgecoin in FTSE and exchange it for a dollar. Besides, Edgecoin can transfer funds on a stellar network

Edgecoinensure the compliance of funds through strict review of KYC and AML of agents and partner institutions. To be specific, Edgecoin customers can exchange and withdraw Edgecoin to any Stellar (XLM) address they designated on major exchanges and OTC platforms according to the 1:1 mode.

Edgecoin process a transaction through a smart contract-driven payment system powered by stellar blockchain, resulting in:

Make a transaction with no restrictions.
Payment is processed immediately.
Transaction processing in a secure environment
What is EDGT Token?
EDGT is the native token of the Edgecoin payment system based on a stellar-based blockchain system. The number of Edgecoins that issued and circulated must not exceed the underlying Won balance. Edgecoin needs a solution that provides a secure offline approval mechanism while providing a flexible online approval mechanism.

A hybrid solution is proposed, i.e., the “Build” custody, which controls smart contracts that increase the supply of Edgecoin tokens, online and offline approval mechanisms are both involved. To implement this unique approach, we insert a smart contract called ‘Build Limiter’ in the ‘Build’ custody chain. With the approval of the online key, ‘Build’ can issue Edgecoin to the amount specified by “Build Limiter” or the “Upper Limit”.

This upper limit is increased after approval of the offline keyset (or decreased after approval of the online keyset). The solution provides the Edgecoin system with the security and flexibility required for a pass.

Tokonomics of EDGT

Name: EDGECOIN
Symbol: EDGT
Supply: 10000000000
Type of Token: Custom Token
1 EDGT = 1 USD

What is Gradecoin (GRTC)?

Edgecoin has one native fuel token called Gradecoin GRTC. Gradecoin is the fuel token for the realization of Edgecoin network resource control, with a maximum total limit of 10 billion. There is no minimum unit of GDRT and the token can be subdivided.

If EDGT is transferred to a new address, the subsequent GRTC generated will be credited to the new address. When a large number of spam transactions occur, Edgecoin can be used to priorities transactions and smart contracts with qualified identities. Transactions and smart contracts with no qualifying digital identities can get priority by paying GRTC

Utility of Gradecoin

Gradecoin will be the native Edgecoin token that enables cross-asset intermediary currency settlement.
All network participants writing transactions on the Edgecoin will have to use GRTC Token to settle block transaction fees.
All participating nodes in the Edgecoin will be rewarded in GRTC Token for processing and validating transactions on the network; each node will need to stake a fixed minimum amount of GRTC Token (varies by node types) to contribute to the network.
Staking Benefits - Users can stake GRTC for 10 days on the app and earn up to 20 in interest annually.
Soft-staking - Edgecoin Soft Staking offers users a new way to earn rewards up to 5% in interest annually on cryptocurrencies held in the app. Rewards are offered on a flexible term - no “lock-up” is required. The soft-staking maximum limit varies depending on the currency, and users with more GRTC staked on the app are eligible for higher limits

How Does Gradecoin Staking Works?

1. Connect your wallet through Metamask, using either Chrome, Edge, or Firefox browsers. Safari and Opera browsers are not compatible with Metamask and will not function.
2. Choose the coins you would like to deposit and begin staking within Edgecoin.
   3.Get your W-Edge coins followed by your Gradecoins located in your wallet that you created to deposit on.

What are the benefits of Staking Pool?

-Entering early into our Liquidity Staking Pool allows you to stake Gradecoin before the major exchange listings.

-When entering into our Liquidity Staking Pool early, you reap the benefits of automatically getting into our fluctuating DeFi token, and receive 34% of Gradecoin at 0.20.

-An early entry increases the amount of Gradecoins you can stake against Edgecoins before the major exchange listings

Tokonomics of GRTC

Name: GRADE COIN
Symbol: GRTC
Supply: 10000000000
Type of Token: Custom Token
1 EDGT = 0.05 USD

Roadmap

Conclusion

With EdgeCoin’s help, education will function smoother than ever before. The thing that makes Edge token superior to other tokens is its focus on one of the most important groups in the work economy – Students. Edgecoin is bringing a whole new generation of tokenization through payments. EdgeCoin has created a system where payments can be made with ease as well as cheaper fees than the general retail banks.

Read More Here:

Website: https://www.edgecoinpay.com/
Telegram: https://t.me/Edgecoin_chat
Twitter: https://twitter.com/edgecoinpay

AUTHOR DETAIL:

Forum Username: ispa
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2588590
ETH-20 Wallet Address: 0x2C6672d9A317264397B18c5C51d9378A25dF4853