What is Edgecoin? All You Need to Know About EDGT

IntermediateAug 03, 2023
Edgecoin (EDGT) is a cryptocurrency for education that utilizes blockchain technology to provide secure and decentralized data management solutions.
What is Edgecoin? All You Need to Know About EDGT

What is Edgecoin?

Edgecoin (EDGT) is a cryptocurrency that aims to revolutionize the education sector by providing a decentralized, secure, and transparent platform for student data management. It utilizes the Stellar blockchain, a thoroughly tested and verified network known for its robust security measures. By leveraging the Stellar blockchain, Edgecoin establishes a highly secure payment system that ensures the safety and protection of its users’ transactions.

To ensure stability and trust, Edgecoin is pegged to the U.S. dollar through an anchor platform linked to the bank account. Through this, Edgecoin enhanes the stability and dependability of its concept in contrast to algorithm-based stablecoins.

The platform is built on blockchain technology and utilizes smart contracts to enable educational institutions, employers, and students to exchange academic credentials and other relevant data without the need for intermediaries such as traditional verification agencies. Edgecoin also incentivizes students to perform well academically through a token reward system. The project is led by a team of experienced professionals in the education and technology sectors and has garnered interest from various universities and academic institutions worldwide.

History of Edgecoin (EDGT)

Edgecoin was founded in 2017 by a team of experienced professionals in the education and technology sectors. The project aimed to address the issues of centralized data management in the education sector, which often lead to inefficiencies and increased costs. By leveraging blockchain technology, Edgecoin aimed to provide a decentralized, secure, and transparent platform for student data management.

In 2018, Edgecoin launched its initial coin offering (ICO) to raise funds for the development and expansion of its platform. The ICO was successful, raising over $30 million, and allowed the project to attract more attention from investors and academic institutions.

In the following years, Edgecoin continued to develop its platform, building partnerships with universities and other academic institutions around the world. The project also introduced new features and services, such as a token reward system for students who perform well academically and a marketplace for educational resources.

Today, Edgecoin is recognized as one of the leading projects in the intersection of blockchain and education. The project has a strong community of supporters and investors who believe in its mission to disrupt the education sector and provide more efficient and cost-effective solutions for data management.

Edgecoin Bank

Edgecoin Bank is a revolutionary blockchain-based banking platform that prioritizes transparency and ensures highly secure payments. With its rapid expansion, Edgecoin Bank has become the fastest-growing digital bank, catering to customers across more than 120 countries. The platform enables individuals and businesses to effortlessly manage their crypto and traditional payments, guaranteeing quick processing times in a matter of seconds.

Edgecoin Bank lies in its commitment to providing swift services, top-notch security measures, and complete transparency. This empowers businesses and individuals to participate in a cutting-edge digital asset banking system with utmost confidence. At the heart of the Edgecoin Bank ecosystem is Edgecoin itself, a fiat-backed stablecoin that functions as the platform’s native utility token.

By being backed by fiat currency, Edgecoin overcomes the challenges associated with unregulated and non-fiat-backed stablecoins. It represents a significant leap forward in the realm of digital assets, leveraging the infrastructure, regulatory oversight, and stability of traditional financial systems, while harnessing the speed and efficiency of the internet.

How does Edgecoin work?

Edgecoin utilizes blockchain technology and smart contracts to provide a secure and decentralized platform for student data management. The Edgecoin blockchain is a distributed ledger that records all transactions and data related to academic credentials, achievements, and other relevant information. This ensures that the data is tamper-proof and transparent, allowing for faster and more efficient verification processes.

In addition to the blockchain, Edgecoin also utilizes smart contracts, which are self-executing contracts with the terms of the agreement between parties being directly written into lines of code. These contracts enable the automation of certain processes, such as the verification of academic credentials and the allocation of token rewards to students who perform well academically.

Edgecoin also offers a token reward system for students who perform well academically. Students can earn EDGT tokens by achieving certain academic milestones or participating in the platform’s marketplace for educational resources. These tokens can then be used to access certain services or redeemed for other benefits, providing an additional incentive for students to perform well academically.

Verification services

Edgecoin’s verification services aim to provide faster and more efficient verification processes for academic credentials and other relevant data. Traditionally, verification agencies are responsible for verifying academic credentials, but this process can be time-consuming, costly, and prone to errors. By utilizing blockchain technology and smart contracts, Edgecoin aims to provide a more secure and decentralized platform for verification.

The verification process on Edgecoin involves the use of digital signatures and a decentralized ledger to ensure the authenticity of academic credentials and other relevant data. This eliminates the need for intermediaries such as verification agencies, reducing the costs and time required for verification. Additionally, the use of smart contracts enables the automation of the verification process, further reducing the need for manual intervention and increasing efficiency.

Marketplace for educational resources

Edgecoin’s Marketplace for educational resources provides students with access to a wide range of educational materials, including courses, books, and other relevant resources. The marketplace is designed to be decentralized and transparent, providing a fair and open platform for students to access educational resources at affordable prices. Additionally, the use of blockchain technology and smart contracts ensures that all transactions on the platform are secure and tamper-proof.

The marketplace on Edgecoin operates on a token-based system, where students can use EDGT tokens to purchase educational resources. Students can earn EDGT tokens by achieving academic milestones or performing well academically, providing an additional incentive for academic excellence. The use of tokens also enables faster and more secure transactions, as well as greater transparency in pricing and payment.

Smart contract automation

Edgecoin’s smart contract automation is a key feature that enables the platform to automate certain processes, such as the verification of academic credentials and the allocation of token rewards to students who perform well academically. Smart contracts are self-executing contracts with the terms of the agreement between parties being directly written into lines of code. This automation not only increases efficiency but also reduces the risk of errors and fraud.

Edgecoin utilizes smart contracts to automate the verification process of academic credentials and other relevant data. This eliminates the need for intermediaries such as verification agencies, reducing the costs and time required for verification. Smart contracts also enable the platform to automate the allocation of token rewards to students who achieve academic milestones or perform well academically. This incentivizes academic excellence and provides a fair and transparent system for the distribution of rewards.

Partner collaborations and New Ownership

Edgecoin has partnered with various universities and academic institutions around the world to provide more efficient and cost-effective solutions for student data management. These partnerships enable Edgecoin to leverage the expertise and resources of its partners to develop innovative solutions that address the unique challenges facing the education sector. By collaborating with academic institutions, Edgecoin aims to create a more secure, decentralized, and transparent platform for student data management.

One of the key benefits of Edgecoin’s partner collaborations is the ability to tailor its solutions to the specific needs of different academic institutions. This customization ensures that Edgecoin’s platform can be seamlessly integrated into existing systems and workflows, reducing disruption and minimizing costs. Additionally, these partnerships provide Edgecoin with access to a wider pool of data, enabling the platform to continuously improve and refine its solutions.

The Edgecoin Ecosystem has recently been acquired by a new ownership group, bringing fresh ideas and leadership to the table. With a focus on innovation and customer satisfaction, the new owners aim to enhance the services and overall experience provided by the ecosystem. They plan to invest in the latest financial technology, expand product offerings, and establish new partnerships to benefit customers. The acquisition is expected to be advantageous for Edgecoin’s customers, as they will benefit from the new owners’ industry experience and commitment to providing excellent service.

The new owners are determined to build on the ecosystem’s foundation, leveraging their expertise and resources to deliver improved products, services, and experiences. They are already exploring ways to enhance the gateway’s online and mobile capabilities, streamline the customer onboarding process, and expand into new markets. The new ownership group is dedicated to further success and growth of the ecosystem, including the native stable token, reward fluctuating coin, and the banking gateway.

Edgecoin’s Main Features: Student Data Management, Token Reward and Academic Credentials

Edgecoin’s features include a decentralized verification service that utilizes blockchain technology and smart contracts to provide a more efficient and cost-effective solution for the verification of academic credentials and other relevant data. The platform also includes a marketplace for educational resources, where students can access a wide range of materials at affordable prices using EDGT tokens. Edgecoin’s smart contract automation provides a more efficient and secure solution for student data management, while its partner collaborations enable the platform to tailor its solutions to the specific needs of different academic institutions.

Student data management

Edgecoin’s student data management system is designed to provide a secure and transparent solution for storing and managing academic records. By utilizing blockchain technology, Edgecoin ensures that all student data is tamper-proof and cannot be altered or deleted without permission from the relevant parties. This creates a more secure and reliable system for storing and sharing academic records, reducing the risk of fraud and errors.

In addition to its secure data storage, Edgecoin’s student data management system also provides students with more control over their academic records. Students can easily access and share their records with employers, educational institutions, or other relevant parties, without having to rely on intermediaries such as verification agencies. This not only provides greater convenience for students but also increases the efficiency and transparency of the verification process.

Source: LinkedIn (via Google)

Token reward system

Edgecoin’s token reward system is designed to incentivize academic excellence and provide students with a tangible reward for their achievements. Through the use of the EDGT token, students can earn rewards for achieving academic milestones, such as completing courses, receiving high grades, or participating in academic events. These rewards can then be used to access educational resources, such as textbooks, online courses, or tutoring services, on Edgecoin’s marketplace.

The token reward system not only provides students with an incentive to perform well academically but also fosters a sense of community and collaboration among students. By working together to achieve academic milestones, students can earn rewards and contribute to the growth of the Edgecoin ecosystem. This creates a more engaging and rewarding academic experience for students, while also promoting a culture of academic excellence.

Decentralized and transparent

Edgecoin’s platform is decentralized and transparent, utilizing blockchain technology to provide a more secure and transparent solution for student data management and verification services. By decentralizing the platform, Edgecoin eliminates the need for intermediaries such as verification agencies or academic institutions, reducing the risk of fraud and errors in the verification process. This creates a more efficient and cost-effective solution for academic data management, while also providing greater transparency for all stakeholders.

The transparency of Edgecoin’s platform is further enhanced by its use of blockchain technology, which creates a tamper-proof and auditable record of all transactions on the platform. This ensures that all academic credentials and records are authentic and cannot be altered without permission from the relevant parties. Additionally, the use of smart contracts ensures that all parties involved in the verification process adhere to pre-determined rules and guidelines, further increasing the transparency and reliability of the platform.

Access to a wide range of academic credentials and resources

Edgecoin’s platform provides students with access to a wide range of academic credentials and resources, including verified certificates, diplomas, and degrees from accredited academic institutions around the world. By leveraging its verification services and smart contract automation, Edgecoin provides a more efficient and secure solution for students to manage and share their academic credentials with potential employers or academic institutions. This creates a more streamlined and accessible solution for academic credential management, reducing the risk of fraud and errors in the verification process.

In addition to academic credentials, Edgecoin’s marketplace offers a wide range of educational resources and services, including textbooks, online courses, tutoring services, and more. Through the use of the EDGT token reward system, students can earn rewards for their academic achievements, which can then be used to access these resources and services on the marketplace. This creates a more engaging and rewarding academic experience for students, while also providing a more accessible and affordable solution for accessing educational resources.

What is the EDGT token?

The EDGT token is a fiat-backed stablecoin that serves as the native token of the Edgecoin platform. It is built on the Stellar blockchain, which facilitates transactions and rewards users for their contributions to the platform. EDGT tokens can be used to access a wide range of academic resources and services on the Edgecoin marketplace, including textbooks, online courses, tutoring services, and more. Additionally, the token can be used to pay for verification services and other transactions on the platform.

The EDGT stablecoin is a utility token, meaning that its value is derived from its utility within the Edgecoin platform. It is used to incentivize and reward users for their contributions to the platform, including academic achievements, content creation, and other activities that support the growth and development of the platform. The more users contribute to the platform, the more valuable the EDGT token becomes, creating a self-sustaining ecosystem that benefits all stakeholders.

Token Distribution

The EDGT token has a maximum supply of 1 billion tokens. Out of this total supply, Edgecoin Bank has allocated 40% of the tokens for users through a token sale. 30% of the tokens are designated for the Edgecoin ecosystem to facilitate on-chain operations. Additionally, 5% of the EDGT supply is allocated for project marketing, 3% for protocol development, and 1% for the Edgecoin team.

The allocation of tokens for development showcases Edgecoin’s commitment to continuously upgrade its infrastructure and expand into new markets. The marketing allocation is utilized to promote Edgecoin and attract new users through various strategies such as community building, airdrops, campaigns, and referral programs.

The team allocation of 1% is relatively low, as Edgecoin Bank aims to foster a community-driven ecosystem with minimal team control. The project has experienced significant user growth and demonstrates substantial daily trading volume amounting to millions of dollars, as reported by CoinMarketCap.

Is Edgecoin (EDGT) a good investment?

Edgecoin is a revolutionary project that brings new and innovative solutions to the academic industry, utilizing blockchain technology to provide secure and transparent access to educational resources and services. By leveraging smart contracts, verification services, and a decentralized marketplace, Edgecoin is working to create a more efficient and equitable ecosystem for students and educators alike.

One of the key strengths of Edgecoin is its focus on addressing real-world challenges in the academic industry, such as credential fraud, lack of access to resources, and inefficient verification processes. By providing a secure and transparent platform for academic transactions, Edgecoin has the potential to transform the way students and educators interact with one another, making education more accessible and affordable for all.

Edgecoin’s token reward system incentivizes and rewards contributions to the platform, creating a self-sustaining ecosystem that benefits all stakeholders. Overall, while investing in Edgecoin carries risks and uncertainties like any investment, its innovative approach to addressing real-world challenges in the academic industry makes it a project worth considering for those interested in the intersection of blockchain and education.

How to own EDGT?

One way to own EDGT is to go through a centralized crypto exchange, so the first step is to create a Gate.io account and complete the KYC process. Once you have added funds to your account, check out the steps to buy EDGT on the spot or derivatives market.

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Author: Gabriel
Translator: cedar
Reviewer(s): KOWEI、Hin、Ashley He
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