INTRODUCTION

There are loads of cryptocurrencies springing up in the monetary device recently. These cash originate from more than a few Defi systems that are developed by means of crypto enthusiasts. The Defi machine is steadily and progressively taking over the economic system. This is due to its capacity to furnish options to some challenges in the Cefi.

Many individuals, celebrities, commercial enterprise moguls and establishments are transferring their interest and funding in the Defi. These tendencies have boosted the things to do and liquidity in Defi, notwithstanding the challenges of market volatility that motives rate fluctuations.

Despite the upsurge in Defi, none of the systems has dealt with the problems of charge in the schooling ecosystem.

The challenges of making and processing payments for expenses in schooling establishments moved the group to set up the EDGECOIN system. It is projected to improve an App that will beautify easy, protected and more cost effective fee and processing of establishments and its comparable prices like tuition, accommodation, enrollment and different fees. It is a decentralised gadget that is constructed on clever contracts based totally on the Stellar blockchain network, which ensures its protection and transparency.

The administration of the platform is a crew of zealous and skilled men and women that had been assembled to champion the project. They have ride in a number of components of the enterprise world, such as facts management, asset management, task management, Defi blockchain and training group management.

The Edgecoin machine developed and supervised by using L.A. Asset Management Ltd. in conjunction with the Gairah University. It has a stablecoin that is projected toward presenting a secure haven for transactions in the schooling ecosystem and its similarities, according to the rules of establishments and promulgations of the law.

The Edgecoin stablecoin has a hedge in opposition to the widespread adjustments in crypto costs ensuing from volatility market conditions. It is fixed to the USD at the ratio of 1:1. This measure is to stabilize the fee of the token. Nonetheless, pursuits audit and different manage measures will be carried out on the device to maintain the values and increase of the neighborhood and its token.

VISION OF EDGECOIN

EDGECOIN platform used to be set up with the main purpose of facilitating handy and transparent schooling establishments repayments methods in a digital platform. This imaginative and prescient will be realized the usage of clever contracts that are constructed on the decentralised software of the company. The dapp will characteristic measures that will warranty free, less expensive and secured transactions.

EDGECOIN TOKEN (EDGT)

Edgecoin platform has a crypto currency that controls all activities and transactions in the system. It is a custodian token and known as EDGT. A total of 10 billion EDGT will be supplied by the management to the community. The token is anchored to the USD at the value of 1:1.

The management is proposing to apply a measure referred to as "Build" custody, to control the availability of the tokens in the market. This measure requires online and offline approval for the supply of the tokens in order to preserve its value.

GRADECOIN

Gradecoin is a native token associated with the EDGT token that helps to actualize the management control of the Edgecoin network. It is a custodian token, can be fractioned and has no limit. With the GRTC coins, users can prioritize their smart contracts that have no qualifying digital identity. 1 GRTC = 0.05 USD (RESALE VALUE).

Benefits of Staking Gradecoin

GRTC tokens can be staked by its holders. The stakes can be in the following:

Stake and Earn
The GRTC token can be staked in the app for 10 days and earn up to 20 in interest annually.
Soft-staking
This staking process yields up to 5% annual interest on the GRTC tokens.

GRADECOIN USAGES

The GRTC tokens can be utilized by its holders in the following ways:

Cross-asset intermediary currency differences can be settled with the GRTC.
All networks that take part in Edgecoin platform can use the GRTC to pay for block transaction fees.
Members who process and validate transactions in the Edgecoin system are rewarded with the GRTC coins.

EDGECOIN DAPP

The Edgecoin team has launched a unique decentralised application that will control the activities in the system. The DAPP is designated as EDGECOIN and has the following features:

It can process peer to peer and transactions without the interference of the management.
It is based on the Stellar network and operates on smart contracts, ensuring safe transactions.
It performs easy and fast processing of transactions.

Payment transactions in the education system are presently faced with a lot of challenges like excess bank charges, delay in transactions and time wastages and other security issues.

The Edgecoin DApp will provide the needed solution to all these challenges. It will allow users to perform easy, safe and transparent payment transactions in any institution across the world, and the target institution will receive the and process the payment. This transaction can be done without any agent or middlemen, thus no charges. There are no restrictions and security threats on transactions done in the Edgecoin Dapp.

OPERATIONS OF EDGECOIN

Edgecoin has various users and also partners with various agents and institutions. The users must comply and complete the KYC, while the agents and institution partners complete the AML process. These processes are vital for the improvement and safety of the system.

Steps of Payment

Users sign and complete the KYC process.
Depositing EDGT coins after the KYC completion. The EDGT tokens are converted to USD at the ratio of 1:1.
Execution of fees payment in any educational related item such as enrollment, accommodation and books in partner institutions using the dapp.

PROOF OF RESERVE FUND

The Blockchain of Edgecoin will be reviewed periodically in order to prove the dollar balances on the accounts. This process will be executed by an independent certified public accounting firm that will be engaged by the company management.

BENEFITS OF STELLAR BLOCKCHAIN

The Stellar blockchain which is the base network of Edgecoin transactions has some unique benefits which include the following:

Fast

Stellar network has faster processing of transactions than other platforms. It processes a transaction within 5 seconds unlike other platforms.

Cheap

It costs only 0.0001 XLM to process a transaction in the Stellar network. This makes transactions cheap and easy. The fund is refundable.

Secured

Stellar transactions are decentralised and built on smart contracts. This guarantees the safety of the data and transactions as they are stored in the system.

CONTRACT SPECIFICATION

The Edgecoin platform is specifically designed to operate a wholly decentralised network system, because it is built on smart contracts, which is accepted globally. The management of Edgecoin choose Stellar network because it has great softwares and provides unique services and hosts a great number of users. These features of the Stellar network and the standard of the XLM will be instrumental to in ensuring
the strict accordance of 1:1 ratio of the EDGECOIN token to the dollar. Technically, the Edgecoin platform will implement some measures to ensure continuous upgrade and growth of the EDGT. Such measures are:

Addressing security flaws.
Extension of new features
Improvement and optimization of the operations of the platform to ensure efficiency
Execution of legal obligations and requirements of the laws and government agencies.

Contractual custody

Smart contracts in the EDGECOIN platform need to have custodian approval. The custodian approval constitutes another smart contract that can in turn have other custodians. This process leads to chains of custodians in the system. Every transaction on the Edgecoin system requires an online and offline key for it's approval.

Contract Upgrade

The EDGECOIN system upgrade requires offline approval and it is risky. It is done through a "Proxy" which is instructed to consider a new "Build" to be accepted in the "Store" of the Edgecoin ledger.

A new "Build" is created to replace the old "Build". Once the new is approved, it is accepted in the "Store". Henceforth, the store accepts only calls from the new Build. The old Build is deactivated and merely exists in the system.

Contract Security

There are strict measures that are adopted by the Edgecoin system to ensure its security. Such include:

Key Generation

High risk operations in EDGECOIN are approved with a key which is generated using the Hardware Security Module that must have reached a certain level. The HSM is known as a "signer"

Offline key

The key to validate high risk Edgecoin operations are stored in an exclusive offline storage system.

Dual Control

At least two signers are required for the approval of high risk operation. This is to enhance security and fault management.

Time Lock

The approval of high risk operations are delayed for some time. During this time lock, potential risks in the operations are detected and preempted.

Undo

Any approved operation that is discovered to be risky can be cancelled or undone to prevent invalid and malicious damages and actions.

EDGECOIN PLATFORM SUPERVISION

A third party agency will be contracted to supervise the activities on the Edgecoin system to ensure compliance with the financial laws of the United Kingdom.

A routine audit will be conducted on its transactions by a reputed accounting firm in Korea. This will guarantee the EDGT : USD ratio.

The KYC and AML process will be imposed on its users and partner agents/institutions respectively, in order to detect and prevent fraudulent activities.

The safety and transparency of its transactions will be guaranteed using these measures.

WARNING

The contents of the internet site and white paper of Edgecoin device are for statistics functions and no longer recommendation for investment. They solely supply statistics regarding the existing facets and advantages and future tendencies of the system.

This facts is got from perceived protected sources that are no longer assured through the company. Thus, the Edgecoin administration will no longer warranty the success of these content material projections. The strategies and improvements that are used in the machine may additionally fail due to human and technical errors.

Note that the contents of the internet site and white paper can be updated, amended or modified to go well with the adjustments on the gadget and for its average interest. These modifications will be introduced in the social media channels.

The Edgecoin neighborhood will in no way be accountable for any inconveniences or damages suffered through any of its customers or companions in the method of the usage of the platform.

Participants are cautioned to are searching for expert recommendation from prison and monetary experts.

Useful links to the project:

Website: https://www.edgecoinpay.com/
Twitter: https://twitter.com/edgecoinpay
Telegram : https://t.me/Edgecoin_chat
Facebook: https://www.facebook.com/edgecoinpay
Youtube :https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g
Instagram: https://www.instagram.com/edgecoinpay/

AUTHOR

Forum Username: zuku103
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2757794
ETH Wallet Address: 0x9dd8E9f6ac34790602787474972D5Ad7DA9A1447