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.
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.
