Home Eda Coin $EDA Creation Article
Eda Coin (abbreviated EDA) has multi-functional use cases. These multi-functional utilities collectively form the EdaFace Ecosystem.
In other words, $EDA is the native utility coin of the EdaFace Ecosystem.
Note that as the EdaFace Ecosystem develops and evolves, more utilities for the coin will surface.
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The 13 basic multi-purpose use cases for $EDA are as follows:
(1). $EDA is the means by which users and traders interact with EdaFace Listing platforms. These Listing platforms include the Spot listing, Derivatives listing, Dex listing, and Trending platforms.
(2). The unique EdaFace Blockchain Literature is where users can produce their books, songs, videos, and any other piece of literature after payment of marginal transaction fees with $EDA, thus, increasing the utility of the coin.
(3). EdaFace NFT Marketplace is a multichain platform with intrachain NFT transfer capability. All transaction fees are made with $EDA. Such transaction fees may include NFT intra-transfer deposit and withdrawal, NFT airdrop generation, initial NFT offer, etc. These activities, no doubt, greatly add multifactorial utilities to $EDA.
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(4). EdaFace Launchpad is a dynamic platform for advertisement of presales, carrying out Initial Coin Offer (ICO) and Initial Dex Offer (IDO), crowdfunding of projects, and digital equity sales. Users interact on the Launchpad via $EDA as the means of transactions.
(5). $EDA is stakable and it is used for payment of rewards for yield farming and liquidity mining on EdaFace Dex, a decentralized exchange.
(6). EdaFace Dex offers spot trading and all three forms of derivatives trading (futures, options, and synthetics). $EDA is the primary means of payment of transaction charges for these activities.
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(7). Payment of rewards and transaction charges of the Lending and Borrowing activities of decentralized finance (DeFi) on EdaFace dex are carried out in $EDA.
(8). EdaFace also has a decentralized Peer-to-Peer (P2P) Market where buyers can interact directly with sellers of digital assets. Each of these users can advertise their assets on the platform. All these interactions are facilitated using $EDA.
(9). EdaFace Mall is a unique e-commerce platform that links the physical world to the digital markets using blockchain technology. Users sell and buy goods and services on the Mall using $EDA as the primary means of payment of transaction charges.
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(10). The School of Cryptocurrencies (SOC) of EdaFace Academy is a resourceful center for anyone who desires to generate, multiply, and accelerate profits from the crypto Market. $EDA is the currency for enrolment and all financial interactions on the platform.
(11). EdaFace Newsfeed is quite ingenious and dynamic, unveiling news in real-time from the Crypto Market, blockchain and artificial intelligence industries, and the digital world in general. Project owners and writers place their adverts on this dynamic platform after payment of marginal fees with $EDA.
(12). EdaFace Digital Clinic will soon be unveiled, and $EDA is the means for interaction on the platform.
(13). EdaFace Academy has a rich resource of materials including several electronic books (e-books) and blockchain books (b-books), which can be purchased using $EDA.
Other EdaFace utilities are being developed, and these will add more varieties to the functions of $EDA. Therefore, acquiring $EDA and hodl it as a long-term investment makes good financial sense.
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