To All EDC Blockchain Participants
Dear friends! We are ready to begin the process of denomination and switching to decentralization.
What changes will occur at these stages?
- As concerns denomination, all balances will be divided by 1000 including the total supply amount.
This is a good time to start trading at a different price, but the question for each user is now how willing are you to show understanding and not start selling coins at a low price, as well as how much is each of you ready to show patience and willingness to help yourself? Only in this way we can all together restore market positions and move to the development stage, since with a constantly decreasing trend, it is impossible to create a high-quality promotion program for the project as a whole, even if it has advantages over other projects. The question is for everyone: how ready are you for this? If you are ready, please withdraw your coins from exchanges and lease them to masternodes to be not just coin holders, but also participants in the renewal process. Only with your help, we will be able to launch the correct trading process on exchanges and build a market making strategy that will allow us to increase turnover and attract professional traders to the "live" coin.
When switching to decentralization, all transaction limits will be canceled. At this stage, only you will be able to control the movement of your coins, how many coins to withdraw from exchanges, and how many coins to lease to masternodes. Everyone will be able to become a validator and participate in ensuring the operation of the blockchain and receive rewards for this.
To load a blockchain node and become a validator, you need a certain status rank. Currently, our developers are developing ranks in personal accounts in your wallets. There will be 3 ranks, which will depend on the number of coins burned by the user. Your wallet will have a counter of burnt coins, and upon reaching a certain amount, the next rank will open. To achieve a higher rank, data such as the number of partners, the number of leased deposits, and the number of transactions will be taken into account.
For this, we are resuming the ability to develop a partnership structure in the EDC Blockchain personal account, which is already implemented there. For those wishing to participate in the development of the project, 2 levels of the partner program will be available in the EDC Blockchain personal account, thanks to which it will be possible to receive a one-time reward from the number of coins leased by your partners.
Thus, your transaction fee will change depending on a change in the rank. Upon reaching the 3rd rank, the fee will be 0.
What will the project participants get?
- By motivating users to become validators, we will burn a lot of coins and remove them from circulation, which will affect the total number of coins.
- Active users will be rewarded by investing their efforts in the development of the project.
- You will get the ease of use of one resource with many possibilities. All the functionality of the EDC Blockchain platform, including the partner program, will be available in your wallet account.
- We will move from centralization, and the project development will only depend on the collective decision of the validators.
We hope that all these updates will breathe new life into the EDC Blockchain project. We are grateful to everyone who appreciates and continues to see the benefits of the EDC blockchain.
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