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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.

via https://blockchain.mn

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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.

via https://blockchain.mn

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What is EDC Blockchain?

EDC Blockchain is a blockchain platform that provides various tools to help entrepreneurs develop small and medium-sized businesses, advanced functionality for conducting transactions, and the ability to receive additional rewards via staking. The EDC blockchain is managed in a decentralized way by attracting independent validators to support the network and provide everyone with the opportunity to participate on equal terms.

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What is the technology behind EDC Blockchain?

EDC Blockchain uses Graphene technology, which provides the ability to conduct up to 100,000 transactions per second, work with a few tokens at the same time, create a block every 3 seconds, and gives the opportunity to validators and other active participants to receive rewards.

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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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STAKING EDC

Staking is the process of storing coins to support all transactions on the blockchain. Just stake your coins in the wallet, thereby allowing the system to issue new EDC coins and automatically distribute the reward. The reward is credited the next day after staking is activated. Upon the expiration period, the coins are returned back to the user's balance.

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DECENTRALIZED BLOCKCHAIN PLATFORM

EDC Blockchain is a decentralized blockchain platform with its EDC coin, providing tools for entrepreneurs of small and medium-sized businesses. By using the DPoS consensus algorithm and involving validators, EDC Blockchain ensures high network reliability for all operations. Validators are rewarded and involved in maintaining and managing the blockchain by creating an EDC Blockchain node on their servers and processing transactions. About Community * 1,300,000 wallets registered * Europe, Asia, Latin America, Africa * Telegram user support 24/7: @edcblockchain1

via https://blockchain.mn

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OPPORTUNITIES FOR INDIVIDUALS

			* Create innovative customer loyalty programs and reach your target audience with EDC Blockchain technologies * Exchange EDCs on liquid exchanges and have full control over your coins * Use digital transaction management tools to organize your business, such as check codes, red envelopes, and anonymous transactions * Create your own tokens with the coin constructor * Receive daily bonuses for staking coins

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COIN BURNING

			EDC Blockchain uses a coin burning mechanism to maintain the stability of the coin value and keep its growth pace Coins to burn * Burning 90% transaction fees; * Burning any number of coins provided by users; * Periodic burning, which the EDC Blockchain notifies in advance. The burning process is carried out by sending coins to the burner account, from which it is impossible to withdraw coins ever.

via https://blockchain.mn

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MULTIFUNCTIONAL BLOCKCHAIN WALLET

			Manage your coins efficiently and use the platform's features with the EDC Wallet from anywhere in the world! Wallet Benefits * Convenient storage, sending and receiving coins * Transaction speed up to 5 seconds * 2FA protection * Support for tokens created on the EDC blockchain * Interface custom settings * Up-to-date browser support * Free download from Google Play and AppStore

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STAKING

			EDC Blockchain users have the ability to stake their coins and receive bonuses thanks to the use of the DPoS (Delegated Proof-of-Stake) algorithm. Unlike mining, staking does not require the purchase of expensive equipment and paying much for electricity. An EDC holder can stake any amount of coins and receive daily bonuses set by the system. Upon expiration of the validity period, the amount deposited by the user is returned to their balance. New coins included in the total supply code are being generated through the staking mechanism and issued to users as a bonus for storing coins in the EDC Blockchain system.

via https://blockchain.mn

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TRANSACTION MANAGEMENT TOOLS

			Check code. The check code guarantees additional security during transactions. When you use this function, a secret code is generated, while only the recipient of this code can unlock and receive coins. It is used to organize social media contests and promotions to increase engagement, create loyalty programs, pay salaries to employees, and send gift certificates. Red envelope. If the coins are to be distributed among multiple participants, activate the reusable feature called ‘red envelope’, set an expiration date, and pass the generated code to any number of users. They will be able to get coins using only one code. Anonymous transactions. This function for making anonymous transactions is the best choice for those who value privacy when transferring coins. The recipient does not see who the coins come from.

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MISSION AND GOALS

			Mission We are focused on tokenizing small and medium-sized businesses, introducing blockchain technologies into the real economy, and popularizing the blockchain idea around the world. Goal We are committed to providing the tools to create global loyalty programs to help small and medium-sized entrepreneurs improve their business model, reach new audiences, improve advertising, and boost sales.

via https://blockchain.mn

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