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Happy New Year to Our Asian Community!

Dear EDC Blockchain users and partners! We sincerely congratulate you on the beginning of the Lunar New Year! We believe that 2021 will be a year of accomplishments, as well as a symbol of the awakening of a new life, when you can start all over again and solve the most difficult problems! May your year be filled with luck and prosperity, tranquility and wisdom, thanks to which you will be always able to make only the right decisions on your way to great success. EDC Blockchain thanks you for your valuable support last year and will do its best to develop and expand our community! We will follow the roadmap and use the experience gained to make your prosperity and the potential of each of you a calling card in 2021!

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Android-Based EDC Blockchain App Has Updated

Dear users, our developers have updated the Android-based EDC Blockchain application. The update includes the following: * Limits on all transactions with EDC coins, including anonymous transactions and the use of a check code and a red envelope, are removed; * A staking mechanism that allows you to stake your coins for 12 months and receive a bonus reward of 36% annually is released; * The functionality of transactions is improved and bugs are fixed in order to improve the security of work on the platform. We recommend that you update the EDC Blockchain app on Google Play to properly conduct operations. Thank you for using EDC Blockchain products!

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Download the Updated EDC Blockchain Wallet on App Store!

Dear users, our technicians have updated the EDC Blockchain wallet for iOS devices. List of changes: * Limits on all transactions with EDC coins, including anonymous transactions and the use of a check code and a red envelope, are removed; * A staking mechanism that allows you to stake your coins for 12 months and receive a bonus reward of 36% annually is released; * The interface has been optimized to improve the safety of operations on the platform. Please update the EDC Blockchain app in the App Store to properly conduct operations. If you have any questions about the use of EDC Blockchain services, please contact our support service by email [email protected] or in the Telegram chat https://t.me/edcblockchain1.  Thank you for being with us!

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Why Entrepreneurs Use EDC Blockchain Services

Such corporations as Microsoft, Rakuten, and AirBaltic have started accepting Bitcoin for payment. So while a millionaire buying an AirBaltic first class ticket can afford to pay a $20 commission, buying a pizza or a cup of coffee with Bitcoin in a small store is simply unprofitable. The time required to process a Bitcoin transaction takes from 15 minutes to several days and depends on the size of the commission. Will a small business customer spend a $9 commission on a $4 cup of coffee, or even wait 24 hours for the transfer to complete? What if we told you that transactions can be fast and cheap? Confirmation of blocks in the EDC blockchain takes up to 2.5 seconds. The process involves validator nodes that transfer data to the blockchain without delay, rewarding validators for the work done. This mechanism allows EDC users to instantly make payments and receive EDC coins to the account within 5 seconds after sending. Transaction fees range from 0% to 0.75% and vary depending on the user's activity as well as the number of coins they burned over time to add value to the EDC coin. With a coffee price of $4, the maximum user commission is only 3 cents ($0.03) or 0% if the burning conditions are met. There are no established transaction limits on the EDC Blockchain platform. You can send and receive EDC coins from partners, trade on exchanges and conduct transactions using other transaction features, such as anonymous transactions, check codes and red envelopes to increase customer loyalty, without restrictions. The EDC Blockchain goal is to provide entrepreneurs with convenient blockchain tools for business and eCommerce applications. By developing your business with EDC Blockchain and expanding points of EDC acceptance, you will provide users with ease of exchange coins for the services in your pastry shops, cafeterias, sushi bars and pizzerias, in return for attracting loyal customers and increasing turnover.

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EDC Blockchain Video Digest

Hello everyone, familiarize yourself with the new EDC Blockchain video on YouTube. In it, you will learn the most interesting current news about our project. In this issue: the app for iOS and Android devices updated, EDC banners available for use in HoReCa, the new roadmap publicly available, use cases for entrepreneurs and an increase in EDC capitalization last week. Subscribe our YouTube channel, leave comments and put likes! See you in a week!

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The Advantages of Using EDC Coin in Business

By design, EDC is a digital bonus coin for making settlements between the community members. The EDC coin grants the community members the right to use the EDC Blockchain’s services and products. Best places to use EDC The EDC coin is used by small business owners to provide services in HoReCa, i.e., hotels, restaurants, cafes, bars, bakeries, pastry shops, as well as at small travel agencies, handicraft shops, advertising agencies, beauty salons, or educational platforms. Promote business with EDC EDC Coin is a ready-made marketing tool for increasing both the average check and the number of customers. Use EDC for: * Conducting loyalty programs among regular visitors; * Distributing bonuses to active users; * Cashback setting; * Providing discounts on your products; * Paying bonuses to employees; * Carrying out sponsorship promotions to attract partners; * Paying for marketing and advertising services, as well as to suppliers or landlords. As an example, you own a small coffee shop, and your goal is to increase traffic. You can provide a one-time bonus in EDC coin for buying coffee using the check code function, or reward several customers with a red envelope at once, create a bonus program that allows customers to invite their friends to your cafe, as well as hold promotions such as happy hours. With EDC Coin, you create the activities you need to promote your business and interact with customers who want to come back to your coffee shop again and again. Fast settlements Unlike other coins, you don't have to wait for multiple transaction confirmations. The transaction is confirmed instantly through the use of Proof-of-Stake consensus and the involvement of validators to manage the network, so that the coins are credited to your balance within 2.5 seconds. Since the system uses blockchain technology, an EDC coin transaction cannot be declined. This means you can be sure that you will receive coins from the client in full amount. International community Get leads by providing members of the EDC Blockchain community with a new environment, such as stores and institutions, for accepting EDC coins anywhere in the world. The EDC Blockchain community is growing and developing in Latin America, Asia, Africa and Europe. Conquer the space of your outlet with outdoor advertising, using banners, and attract EDC local users. Connect EDC to your business  The coin value directly depends on its popularity as a unit of exchange for goods and services. The more entrepreneurs apply the EDC coin in their business, the more the coin is in demand, the more its price increases, and the more the interest of potential clients to your products grows.

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Cryptocurrency and Blockchain Video News

While the capitalization of EDC is growing, and our specialists are preparing new blockchain solutions for using the coin, let's find out what is happening beside the global crypto community. Start watching the video and you will receive information on which corporations and international banks have started supporting cryptocurrencies expanding the market. Subscribe our YouTube channel, leave comments and put likes! See you in a week!

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Newsbit.nl on EDC Blockchain Validation Opportunities

Dear EDC Users, A new publication about the EDC Blockchain project is available on the popular cryptocurrency and blockchain news platform, Newsbit.nl. It is very important for us that our community exists and develops in different countries of the world, in particular the Netherlands. Thanks to the activity of our members, more users will be able to learn about EDC. The EDC Blockchain platform operates as a decentralized blockchain with the involvement of validators who participate in supporting the network and receive rewards for the successful addition of blocks to the blockchain. Thanks to this, the main features of blockchain technology, such as data security and scalability, are preserved. Any user who has fulfilled the burning conditions and deployed their own node by installing the provided source files on their computer, can become an EDC Blockchain validator and get a reward daily. You can learn more about validation in the following posts. To Dutch community: https://newsbit.nl/word-een-edc-blockchain-validator/  To international community: https://blockchain.mn/become-an-edc-blockchain-validator-if/

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The Number of EDC Blockchain Validators Increases to 27

Dear users, We are glad to inform you that 27 active validators (witness accounts) operate in the EDC Blockchain network participating in the proof-of-stake consensus and receiving rewards for creating blocks by their own nodes. One more participant has started the process of configuring the server and launching a node to participate in the network. For comparison, there are 21 validators participating in the BitShares network. Currently, about 21 million EDC coins are staked to the EDC Blockchain network, or 21% of the EDC total supply. How do validators influence the network – main factors: 1. Validation is characterized by the security of the network – the more validators participate in the network, the more secure it will be, since more witness nodes perform transaction verification. 2. By increasing the number of validators, we are getting one step closer to the transition to a public decentralized network. In a public decentralized network, owners of witness nodes who would have proven their worth will have the right to vote, ensuring both the integrity of the network and the convenience of working in it. Network efficiency will be achieved through protocol updates supported by the majority of voters. 3. To become a validator and deploy a node on the blockchain, it is required to fulfill certain conditions for burning EDC coins, which directly affects the rate of the coin – their shortage is created, helping the rate increase. You can see the number of coins burnt in the block explorer on the blockchain.mn website. Validators have the opportunity to receive an annual reward of 3% of the stack amount, accrued daily, plus 10% of all commissions distributed among all active validators. That is, the more coins you have staked, the higher the reward is. The blocked stack is returned to the user's balance at the end of the staking period. To create a node, you need to submit an application in your personal EDC Wallet after fulfilling the burning conditions and obtaining rank 3, as well as download the technical repository and install it on your computer. Detailed instructions for deploying a node can be found here. Any member of the community can deploy their node, start confirming transactions and receive rewards neither with special technical knowledge, nor with using powerful capacities! Join us!

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EDC Blockchain Launches Q&A. Join Us!

Dear users, We are launching a weekly Q&A session on Fridays! We strive to provide assistance to our community in applying EDC Blockchain tools, raise awareness of the mission and goals of the decentralized platform, as well as encourage members to be active and jointly develop in the blockchain field! Send us any questions you are interested in – from technical to media proposals, leave feedback, provide recommendations and suggestions by email or in the official chat on Telegram. Get answers from our developers faster! I can't enter my wallet. What should I do? 1. Make sure you entered the correct wallet address in the browser bar: https://wallet.blockchain.mn/. The registration page will open. 2. Select “login” to the wallet. 3. Make sure you have access to your brainkey. Enter it in the special field. Note. Loss of brainkey leads to loss of account access. Each user receives a brainkey when registering an account. Brainkey consists of 16 unique words that are assigned to each individual and cannot be used by another user. 4. Enter and repeat any password. Each time you log in, you can enter a completely different password. The main thing is to have access to the brainkey and specify it correctly.    5. Click “Login”. After completing these steps, you will be logged into your account. In case you still cannot log into the wallet after completing the specified requirements, we recommend going incognito in your browser and logging in. The wallet can’t open. An error occurs while loading. 1. Check your Internet connection. 2. Clear your both browser history and cookies. 3. Restart your browser and enter the correct address in the browser bar: https://wallet.blockchain.mn/login. We recommend that you log in through incognito mode by enabling it in your browser settings. How much is 1 EDC coin in USD? You can track the current EDC coin rate on CoinMarketCap following the link: https://coinmarketcap.com/currencies/edc-blockchain/markets/  My mobile phone has broken/stolen. I have had Google Authenticator connected to my mobile phone but now I do not have access to it. How do I log into my wallet again? 1. Install the Google Authenticator app on your new device. 2. Create a new account in the Google Authenticator app by clicking “Add manually”. 3. In the field that opens, enter the code that you received on the site https://wallet.blockchain.mn/. 4. Enter the six-digit code in the 2FA field. I used to have 53464 EDC in my wallet, but now it shows 53.464. Why? To maintain a stable value of the coin, a denomination was made, as a result of which all market balances were divided by 1000. When the number of decimals changes, the value of the coin continues to depend on the market capitalization, which remains current. More information: https://blockchain.mn/edc-blockchain-reaching-a-new-stage-of-development/

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EDC Blockchain Q&A. Everything You Need to Know About Staking and Validation

Hello everyone! Today we have compiled a selection of questions and answers detailing EDC Blockchain  validation and staking services, which are possible thanks to the use of the PoS consensus mechanism. You don't need to buy expensive mining equipment like Asics or video cards to generate new coins. It is enough to have an EDC Blockchain wallet and stake your coins, receiving daily rewards. How to generate EDC coins daily? 1. Open the staking section in your wallet https://wallet.blockchain.mn/staking 2. Enter the number of EDC coins you want to stake (from 300 EDC) 3. Select the staking period (>12 months) 4. Click “Stake” at the bottom of the page. 5. Click “Confirm”. Done! You will start receiving daily rewards at the next maintenance-time! When the staking period expires, your coins will also be returned to your balance. How to become a witness? 1. You need to burn 20,000 EDC to get Rank 3 https://wallet.blockchain.mn/ranks. 2. Wait to receive the main node. 3. Follow the Rank 3 activation at the same link https://wallet.blockchain.mn/ranks. 4. After activation, click “To Witness” or follow the https://wallet.blockchain.mn/witness. 5. Buy a server with the characteristics indicated in the tab. 6. Click “Send a Request” 7. Carefully read the instructions and install the node on the server. 8. Contact support and check the server. Unlike users who stake their coins and receive rewards for this, witness accounts (validators) participate in supporting the entire EDC blockchain by deploying their own node which confirms the blocks. For their work, the witness receives daily rewards for the blocks confirmed plus an interest of transaction fees. How to get rank: https://blockchain.mn/ranks-and-coin-burning-tool-added-to-edc-blockchain-wallet/ How to become a witness: https://blockchain.mn/how-to-become-a-witness-account-and-deploy-a-node/ What is my reward when I become a witness, and for how long do I become a witness? You can create a witness account for the period of 12 months. Witness accounts (validators) have the opportunity to receive an annual reward of 36% of the stack amount, which is accrued daily, plus 10% of all commissions distributed among all active validators. I want to stake coins, but the system doesn’t allow me. The minimum staking amount is 300 EDC. Send us any questions you are interested in – from technical to media proposals, leave feedback, provide recommendations and suggestions by email or in the official chat on Telegram. Get answers from our developers faster!

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Bonus for the Most Active Users of Social Networks!

Every day, our support team receives questions from new members who do not know how to use their coins, while some of them have heard about EDC Blockchain only by word of mouth. In this regard, we are announcing a COMPETITION thanks to which new members of the EDC Blockchain community will be able to learn more about the EDC coin, while the most active ones will be rewarded with bonus coins! Conditions of the competition are the following: 1. Subscribe to the EDC Blockchain YouTube channel and put a like on this video “What is EDC Coin?” 2. Share this video on your social media channels (e.g. YouTube, Instagram, Facebook, Twitter, Weibo, etc.). The more you share, the more likely you are to become a winner and receive a bonus! 3. Make screenshots of your reposts and send them to the support service by email [email protected] or to the Telegram account @edc_support. 4. The competition starts on March 29, 2021, 14:00 (UTC) and ends on April 5, 2021, 14:00 (UTC). 5. TOP-3 winners will be determined by the number of largest reposts the next day after the end of the competition! For example, if you make a repost to all the indicated social media, then you have a greater chance of winning than if you shared the video in only one social media! How rewards are distributed: 1st place. $20 in EDC equivalent at the current exchange rate 2nd place. $20 in EDC equivalent at the current exchange rate 3rd place. $20 in EDC equivalent at the current exchange rate * Participants suspected of fraudulent activity, namely, the use of multi-accounts or failure to fulfill one or more conditions, are automatically excluded from the competition. ** EDC Blockchain reserves the right to change the conditions of the competition at any time if necessary. Good luck to everyone!

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How the EDC Blockchain Community Develops in 57 Countries

We have collected information about the EDC Blockchain community from participant polls conducted in March this year. You will find out in which countries the EDC Blockchain community is developing, where are the most active participants located, on which exchanges it is better to purchase and exchange coins, and what platform functionality is used most often. More than half of EDC users stake their coins We found that 63% of users prefer staking their EDC coins. The rest of the participants trade coins on exchanges and participate in trading contests (14%), use coins in their business to accrual/receive bonuses and provide discount certificates (8%), create new tokens on the EDC blockchain (5%) or hold them for the purpose increasing the value of the coin or using it in new developments.  [/url] The EDC Blockchain uses a Proof-of-Stake consensus algorithm that requires staking coins to generate new coins and distribute rewards to users participating in staking. Thus, even having minimum EDC coins, you can stake them, and it will work for you, bringing you daily rewards. The most active users of the EDC coin are in Latin America Over the years, our community has expanded to cover all continents and almost all countries in the world. We used to think that participants are located in ~ 57 countries, but according to statistics and support requests, this figure is higher. The survey showed that the participants who are most active and interested in the project are located in Latin American countries, such as Venezuela, Colombia, Panama, Peru and others (26%). Their activity is determined both by participating in supporting the blockchain through validation, storing coins in staking, and participating in discussions and contests on social networks. Indonesia ranks second (19%), followed by Nigeria (13%). [/url] * It should be noted that only the countries with the greatest activity were indicated in the survey, as it is impossible to fit absolutely all the countries of EDC presence, so the rest ones were included in the “Others”. The active use of EDC and other coins in Venezuela can be explained by the unstable economic situation in the country, while after the quarantine, the number of cryptocurrency transactions in the country increased. People are looking for alternative sources of income, and cryptocurrencies and blockchain are one of the available ways. So, EDC Blockchain offers all the tools for creating a business from scratch or developing an existing one. The number of wallets registered by users exceeds 1.3 million, and about 300 transactions are carried out by participants per day, including sending/receiving coins, creating check codes and red envelopes, making anonymous transactions and transferring from/to exchanges. [/url] The main trading turnover takes place on Bit-Z EDC coin is available on several trading platforms – the full list can be viewed here. You can buy EDC with Bitcoin or USDT, depending on the exchange. 58% of respondents answered that they exchange their coins on Bit-Z. This exchange has a headquarter in Hong Kong and has been in the market since 2015. Users appreciate fast registration, ease of order creation, security system and quick response from the operator (in English). See detailed instructions on how to deposit/withdraw EDC coins. STEX is another exchange convenient for trading EDC coins. Benefits include a user-friendly interface, availability on both Android and iOS apps, and the ability to buy cryptocurrency with bank cards. 6% of traders voted for Stex. [/url] The number of cryptocurrency users in the world has doubled to 106 million compared to last year. Fears about cryptocurrency adoption are slowly fading away. Despite the bans in some countries, most are planning to find a regulatory solution or create national digital currencies. For example, Japan wants to start developing a yen-pegged token; the Bank of Russia believes that the crypto-ruble backed by the fiat ruble will improve the financial system of Russia; The Bank of Thailand announced the legalization of stablecoins this year. This will contribute to even more active development of the community and ubiquitous use of EDC Blockchain platform tools, such as staking service, coin constructor, payment functionality, tools for entrepreneurs and own coin, which is not available in any other blockchain anywhere in the world.

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