Home Eda Coin $EDA Creation Article

EDA Coin Distribution

Posted on 2024-11-28 Updated on 2024-11-28

Eda Coin is non-mintable. This means the maximum supply of the coin that will ever be minted was 100 billion, of which 20% has been burnt on deployment and the remaining 80% has been equitably and transparently distributed in line with the best industry practice as discussed below.


1.0. Coin Distribution
• Presale: 20%
• Once-off Burnt on Deployment: 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%
• Charity: 1%

2.0. Token Distribution Analysis

The following is the summary explanation of the distribution of $EDA:

2.1. Maximum Supply
$EDA is a non-mintable coin. This means that besides the maximum supply of 100 billion, no $EDA will ever be minted again.

$EDA is designed to be a currency for daily transactional activities. This means that it should still be affordable to every person and institution even when its market capitalization has grown. A moderately large maximum supply will mean an affordable and accessible price even at a large market capitalization.

Thus, $EDA avoids the mistake of many other coins such as Bitcoin, which has a maximum supply of 21 million and thereby becomes too expensive at a large market capitalization and, as such, has failed in its mission of becoming a true currency for the masses.

2.2. Burnt-on-Deployment
On deployment onto the BNB Smart Chain, 20% of $EDA were permanently and irretrievably burnt. This can be seen in the BSC scan explorer:


2.3. Presales
EdaFace Team secured partnerships with a number of popular Launchpads to run Presales for $EDA. The reason for this was to increase the awareness of $EDA and raise funds for further development of the utilities and listing of $EDA in exchanges.

As such, 20% of $EDA was set aside for the Presales.

2.4. Listing on Exchanges
After the Presales, $EDA has been listed in decentralized exchanges (Dex) and will soon be listed on centralized exchanges (Cex).

10% of $EDA has been allocated for the listing on Centralized and Decentralized Exchanges.
During listing, Liquidity Supply is done progressively in what EdaFace Academy refers to as Sequential Listing.

2.5. 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 of the project.

Five percent of $EDA has been allotted as compensation for these gallant efforts, which constitute the venture capital (VC) allocation.

2.6. LP Farming Allocation
EdaFace Decentralized Exchange (“EdaFace Dex”) is where the decentralized finance (DeFi) activities will be taking place. DeFi activities involve Liquidity Provider (LP) farming.

EdaFace Dex offers decentralized financial inclusive activities such as Pool Staking, Liquidity Mining with Yield Farming, Lending and Borrowing, etc. The platform is currently at the alpha stage of development.

The reward system for these DeFi activities is carried with $EDA since the coin is the native utility for the EdaFace Ecosystem. As such, 10% of the maximum supply of the coin has been allotted for these varied activities.

2.7. Blockchain Development Allocation
Part of the vision of the EdaFace Ecosystem is to build a layer-one blockchain for $EDA, which is slated to commence in the first quarter of 2025.

Just like BNB, which started as a token on the Ethereum chain and later migrated to its own blockchain, $EDA will migrate to its own 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 allocated 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.

2.8. Community Rewards
As a way to incentivize the rapidly growing EdaFace communities and trigger larger market penetration, 3% of $EDA has been allocated for these purposes.

Moreso, EdaFace is partnering with key and strategic partners to promote its vision, enlarge its communities, and drive the wider adoption of blockchain technology.

2.9. Charities
In line with its vision, EdaFace is designed to provide welfare-supportive 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.

2.10. Team Allocation
EdaFace Team was founded by the voluntary association of members. To incentivize these Team members to keep rendering their sacrifices and drive for the continuous promotion of $EDA, 10% of $EDA has been allocated to the entire Team.

However, Team members understandably agreed that their $EDA allotment would be locked from trading circulation for 36 months to allow the coin and its utilities to grow and mature.

This measure is also a way of building trust and confidence in the Team within the rapidly growing EdaFace communities.

Found this article helpful?

[ 1 Out of 2 Found Helpful ]

Related Articles

Still no luck? we can help!

Submit a ticket and we’ll get back to you as soon as possible.

Submit a Ticket