The distribution and locking of Eda Coin (abbreviated EDA) are as follows:

Eda Coin Distribution

Being a community-driven coin, $EDA distribution is transparent and fair. The EdaFace Team, the developing crew behind the coin, has no hidden influence over the coin distribution and usage.

All the Team did was to ensure the coin was created to meet the industry standard of security and safety, and then released the coin to the communities.

$EDA has been minted and distributed as follows:

• Once-off Burnt on Deployment: 20%

• Presale: 20%

• LP Farming: 11%

• Blockchain Development: 10%

• Team Allocation: 10%

• 5-Year Progressive Burning: 10%

• Cex Listing: 5%

• Dex Listing: 5%

• VC Round: 5%

• Community Rewards: 3%

• Charities: 1%

For information on each of these distributed items, please, refer to the Eda Coin Whitepaper, which can be accessed here: https://launchpad.edaface.com/white-paper.

The Five Locks of Eda Coin

To build trust and confidence among the communities, about 37% of the maximum supply of $EDA has been locked up. Therefore, there is no fear of the EdaFace Team flooding the market with $EDA and dampening the price.

By locking $EDA, its circulating supply is reduced allowing its price to grow progressively.

Interestingly, the unlocking of the 37% coins is gradual and will not impact negatively on the price. Details are explained below.

(1). LP Farming Allocation

$EDA is designed to participate in decentralized finance (DeFi) activities. Thus, $EDA will be used as the payment of rewards for LP farming on the EdaFace Dex, a decentralized exchange.

11% of the maximum supply of $EDA has been allocated for these varied DeFi activities.

Locking of LP Farming Allocation:

The entire allocated 11% coins have been locked up for 24 months and will be released thereafter for the DeFi activities.

(2). Blockchain Development Allocation

Part of the vision of the EdaFace Ecosystem is to build a layer-one blockchain for $EDA, which is currently on the BNB Smart Chain. Just like BNB, which started as a token on the Ethereum chain and later migrated to its blockchain, $EDA will migrate to its blockchain in the course of the construction of the chain.

To develop a layer-one public blockchain and incentivize the public, 10% of $EDA has been assigned for this purpose. This means holding $EDA for a long time will ultimately result in good profits for the holder as the blockchain will greatly enhance the usability of $EDA.

Locking of Blockchain Allocation

The entire 10% allocated $EDA for the blockchain development has been locked for 36 months and will be released thereafter for the blockchain activities.

(3). Team Allocation

EdaFace has been founded by the voluntary association of members. To incentivize the Team members behind the creation of $EDA and EdaFace Ecosystem, 10% of $EDA has been allotted to the entire Team.

Locking of Team Allocation

Locking of Team Allocation

As a way of building trust and confidence and expressing their transparency towards the creation and distribution of $EDA, Team members have agreed that their $EDA allocation should be locked from the trading circulation for 36 months.

(4). Venture Capital Allocation

At the conceptualization of the EdaFace project, some individuals (many of whom were not part of the EdaFace Team) came together and sacrificed their time, energy, and resources for the take-off. 5% of $EDA has been allotted as compensation for these gallant efforts.

Locking of Venture Capital Allocation

The entire 5% VC allocated coins have been locked up for 36 months and will be released thereafter.

(5). Charity Allocation

In line with its vision, EdaFace is designed to provide charity support systems in various aspects of life such as Gospel-related activities, academic scholarship awards, research promotions in healthcare delivery, and sports promotion.

As such, 1% of $EDA has been set aside as the initial trigger for these selfless, lofty ideals.

Locking of Charity Allocation

The entire 1% of $EDA allocated for charities will be locked for 5 years. The preliminary locking for 3 years has been carried out, which will then be extended to complete the 5 years.

Since all $EDA locks were with a third-party agent, assessment after three years for possible extension is a wise decision for security purposes.

(See Table 1: Summary of Eda Coin Locks).

Summary of $EDA Supply

Maximum Supply = 100 billion EDA

Once-off Burnt = 20 billion EDA

Locked Amount:

11% LP Farming allocation = 11 billion EDA

10% Blockchain Development allocation = 10 billion EDA

10% Team allocation = 10 billion EDA

5% Venture Capital allocation = 5 billion EDA

1% Charity allocation = 1 billion EDA

Total Locked Amount = 37 billion EDA

Total Supply:

Maximum Supply – Burnt Amount = (100 – 20) billion = 80 billion EDA

Circulating Supply:

Total Supply – Locked Amount = 80 billion – 37 billion = 43 billion EDA

(See Table 1: Summary of Eda Coin Locks).