Tokenomics

Eda Coin (abbreviated EDA) has been created as the native utility coin for the EdaFace Ecosystem.

$EDA is an ethical, community-driven cryptocurrency that rewards long-term holding with high-yield interest rates. The coin has easy cross-border penetration and, hence, can be used in any country without the disadvantage of exchange fee charges commonly associated with fiat currencies.

1.0. Coin Details:

Name: EDA

Abbreviation: EDA

Blockchain: BNB Smart Chain

Format: BEP20 Token

Decimals: 18

Maximum supply: 100 billion

Contract Address: 0x79D3b9bf861a052e795b1d34f2aC91d9E869C00a

EDA was created by Eda Labs, which is the infotech department of the EdaFace Team. EDA is designed to be a multichain coin. Presently, it is on the BNB Smart Chain (BSC) and will soon be on other chains.

2.0. Non-Mintability

A maximum amount of $EDA has been minted and deployed on BNB Smart Chain as a BEP20 token. This means that Eda Coin is non-mintable.

The Maximum Supply of $EDA is 100 billion. No more $EDA can be created again.

3.0. Burnt-on-Deployment

On deployment onto the BNB Smart Chain (BSC), 20% of $EDA was permanently and irretrievably burnt.

The burnt $EDA can be seen by clicking on the blockchain explorer: Burnt $EDA on BSC Scan.

4.0. Total Supply

Total Supply = Maximum Supply – Burnt Amount

= 100 billion – 20 billion = 80 billion EDA.

Thus, the total supply of $EDA is now 80 billion.

Found this article helpful?

[ 6 Out of 8 Found Helpful ]

1.0. Coin Details:

2.0. Non-Mintability

3.0. Burnt-on-Deployment

4.0. Total Supply

Found this article helpful?

Related Articles

Still no luck? we can help!