Article Summary, Automatically Generated By AI
Summary of Edgecoin (EDGT)
Overview
- Edgecoin (EDGT) is a stablecoin issued by UK-based Edgecoin Bank.
- It’s a decentralized crypto bank offering a fast and easy payment gateway.
Key Features
- Pegged to the USD, with reserves in commercial paper, fiat deposits, cash, reserve repo notes, and treasury bills.
- Offers a variety of services, including money transfers and settlement solutions.
- Unique features include utilities for transactions and a DeFi coin, Gradecoin, for holders.
Tokenomics
- Total supply: 1,
Introducing Edgecoin: Pioneering the Future of Digital Assets
Introducing Edgecoin (EDGT): A Revolutionary Cryptocurrency
Edgecoin (EDGT), a cryptocurrency issued by UK-based Edgecoin Bank, purports to be a decentralized crypto bank, as outlined in its whitepaper. By providing a modern, innovative spin on traditional finance, Edgecoin Bank offers users a rapid and convenient payment gateway. This system enables customers to seamlessly deposit their Edgecoins into digital wallets.
EDGT is a stablecoin, a type of cryptocurrency designed to maintain a stable value, pegged to the U.S. dollar. The company achieves this parity by holding a diversified reserve portfolio, comprising commercial paper, fiat deposits, cash, reserve repo notes, and treasury bills, with a cumulative USD value equivalent to the circulating supply of EDGT.
As outlined in its whitepaper, Edgecoin Bank is empowering customers across more than 120 countries to effectively manage their crypto assets, with ambitions to emerge as a global leader in payments by providing a diverse range of services, including money transfers and settlement solutions, all powered by its fiat-backed stablecoin, Edgecoin (EDGT).
The Visionary Founders Behind Edgecoin
According to Crunchbase, Luke Arliss holds the esteemed position of founder and CEO at Edgecoin.
Unveiling the Unparalleled Edge of Edgecoin
As outlined in its whitepaper, Edgecoin presents a groundbreaking solution to the challenges posed by unregulated and non-fiat-backed stablecoins. As a digital asset, it synergistically combines the advantages of traditional financial systems with the benefits afforded by the Internet, including robust infrastructure, stringent regulatory oversight, and unwavering currency stability.
To maintain a stable peg to the US dollar, EDGT tokens are backed by a diversified portfolio of reserves, comprising commercial paper, fiat deposits, cash, reserve repo notes, and treasury bills. This ensures that the total value of these reserves remains equivalent to the circulating supply of EDGT tokens.
A distinctive hallmark of Edgecoin lies in its multifaceted utility offerings. Users can leverage EDGT to facilitate seamless transactions. Furthermore, EDGT holders are entitled to an additional incentive in the form of Gradecoin, a DeFi coin specifically designed to reward those who maintain a holding of EDGT tokens in their digital wallets.
Edgecoin (EDGT) Circulating Supply: How Many Coins Are in Existence?
According to the project’s official whitepaper, EDGT boasts a total supply of 1 billion tokens. Currently, 210 million EDGT are in circulation. In terms of tokenomics, the allocation is divided as follows: 95% is reserved for public distribution, while the remaining 5% is allocated to the team.
The Edgecoin Network’s Robust Security Framework
EDGT is issued on the Stellar blockchain, which is secured by the Stellar Consensus Protocol, boasting four key attributes: decentralized control, low latency, flexible trust, and asymptotic security.
By leveraging SCP, the consensus-building process is democratized, allowing anyone to participate and preventing any single entity from dominating decision-making authority. Furthermore, transactions are rapidly confirmed at a low cost, typically within mere seconds, and robust safeguards are in place to mitigate the risks associated with malicious actors attempting to infiltrate the network.
Acquiring Edgecoin (EDGT): A Comprehensive Guide to Exchanges and Marketplaces
EDGT is readily available for purchase on a diverse range of prominent centralized exchanges, including ProBit Global, CEX.IO, Coinsbit, P2B, and HitBTC.
Stay abreast of EDGT’s live market value in real-time with the convenience of the CMC mobile app.
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