WHITE PAPER
Fiat and the centralized economics model have undue restrictions and stiffness to change with new technologies like blockchain. Blockchain technology is the future of the internet and world economics – making them more decentralized. With blockchain technology at its disposal, Edgecoin Bank promises to provide a global payment system, money transfers, settlement solutions, and other services that a typical bank can provide, but more. Edgecoin bank offers 3- tier bank cards, savings accounts, and a seamless payment gateway -all powered through a fiat-backed stablecoin Edgecoin (EDGT). Edgecoin will function as a global currency solution on the Stellar network. Edgecoin Bank is an all-rounder of the DeFi that offers services to retail and businesses through the SaaS (Software as a Service) model. Making your crypto a spendable balance with the security of blockchain, our goal is to add ease of access to crypto.
The centralized currencies are overly controlled by banks and governments. Opening a simple bank account is quite a hustle and then transaction limits, huge fees, cross-border transfer limits, and withdrawal limits take the control of the users’ money out of their hands. The conventional banking system is not a match for this growing-apace world. Cross-border transactions, take days to make transactions, and that too with a huge fee. A $100 fee will be added to a wire transfer for $100,000 that is sent within days. On Paypal, the fee is significantly higher at $37,000 for the same amount. Banks don’t operate on weekends, and if you have a business transaction due, it might require more time and fees. We now have the opportunity to solve these crucial challenges through blockchain-based digital assets. Edgecoin Bank is a Blockchain banking platform developed on the Stellar Network that is completely transparent. Edgecoin Bank is the fastest-growing digital bank, assisting customers in more than 120 countries to manage their crypto and conventional payments in a matter of seconds. Additionally, Edgecoin Bank offers speedy services, top-notch security, and transparency to businesses and individuals so they can participate in a new digital asset banking system. Edgecoin, the fiat-backed stablecoin, functions as the native utility token of the Edgecoin ecosystem. Edgecoin alleviates the problems inherent in unregulated and non-fiat-backed stablecoins. As a stablecoin, Edgecoin represents a significant advancement in digital assets, leveraging the infrastructure, regulatory oversight, and currency stability of the conventional financial system while operating with the speed and efficiency of the internet. Edgecoin is 100% fiat-collateralized stablecoins that will only be issued when the corresponding collateralized fiat is placed in custody with a third-party trustee. Edgecoin anchors its value on the price of the U.S. Dollar. Redeemable 1- to-1 with fiat currency, we can virtually mitigate volatility, while still benefiting from the advantages of digital assets, such as high transaction speeds matched with low costs. Edgecoin offers a payment method that is immediate, risk-free, and available to users in every region of the world for all transactions by utilizing the ecosystem created by blockchain technology. This enables price stability, which may then be automatically controlled by utilizing the blockchain's underlying algorithms.
Our mission is to take "Edgecoin" to new heights by offering customers an innovative, Eco-friendly one-stop-shop where they can not only find everything they need to buy but also research and make a more informed decision, all while utilizing a decentralized blockchain platform to give everyone in the world an equal chance to manage and improve their financial security. Edgecoin Bank envisions adding ease of access to cryptocurrency by making it an easily spendable balance for both retail and businesses. Edgecoin Bank endeavors provide a platform where ordinary people, along with affluent investors, can also invest in the welfare of people all over the world. As a better alternative for people to invest in, Edgecoin is an innovative way to boost Individuals of the world, Small Businesses, and large Corporations. The goal is to create an immutable, transparent, secure, and asset-backed accessible Payment solution on the blockchain.
It's always been about the community in the crypto, exchange, and wallet. We want our community to believe in and support our project by receiving regular updates through Edgecoin Community Channels. We aim to take our audience on a trip from idea to completion, as well as everything in between.
For far too long, cryptocurrency projects have gotten away with unscrupulous tactics and secret development teams. With crystal-defined objectives, a face for each member of our fantastic and ever-growing staff, and trackable accounts displaying what we spend through our development wallet, we aim to blow the roof down.
Our community-gated approach, coupled with our unique ecosystem, will result in the fairest and most transparent economy that has ever been seen in crypto, mining, and crypto trading. When you buy anything in the network, you know exactly what you're getting, and it has real-world worth. You can always sell your stuff later for a profit if you want to. You get exactly what you see.
Industry leaders throughout the world are turning to blockchain technology to change their various businesses in today's dynamic economic climate. Even though Blockchain is still a relatively new idea, an increasing number of businesses are investing in it. Blockchain has swiftly established a reputation for higher transparency, improved security, improved traceability, increased efficiency, and low prices. The blockchain has great potential for improving the banking sector, especially in the way it enables faster and more secure transactions through smart contracts and decentralized applications. Smart contracts are computer programs that run on a blockchain. These programs automatically execute the terms of a contract when certain conditions are met. Smart contracts are written in code, but they can also be represented in other ways such as by text or numbers. Smart contracts do not require thirdparty intermediaries to enforce their terms, which makes them cheaper and faster to set up. Since smart contracts have no central authority and allow for direct, peer-to-peer transactions without an intermediary, they have the potential to substantially improve trust and security for all parties in a transaction. The authentication process is decentralized by nature which facilitates data sharing and transaction integrity between participants on the network. Some benefits of blockchain are given below:
Because of its self-contained nature, blockchain technology does not require human involvement.
Smart contracts will guarantee the rewards and the method through which they are distributed to the winners.
Because the blockchain ledger is irreversible, all data on Coin sales, income, costs, and other performance metrics will be safely kept
With Edgecoin, each time exchange of Coins is recorded on the Stellar blockchain, an audit trail is present to trace where they came coin from. This can not only help improve security and prevent fraud in exchange-related businesses, but it can also help verify the authenticity of the traded assets.
Computers, mobile phones, and the internet have experienced unprecedented growth in the global tech adoption trend, which alone demonstrates how the world is turning into tech-savvy individuals. All of these technologies are used by cryptocurrencies to provide us with decentralized assets that are secure, fast, and cheap for cross-border transactions. And the rate of adoption of cryptocurrency is breaking records globally. By 2028, it is anticipated that the cryptocurrency Banking market would have reached a value of $2.8 billion.
The crypto market is growing at an amazing 12.2 percent CAGR, with Bitcoin growing at nearly double the rate. The widespread acceptance of cryptocurrencies has piqued the interest of governments and institutions.
According to the data, crypto is increasing at a rate of 113 percent per year in terms of users, whereas the internet is only growing at a rate of 63 percent. Even if usage grows at a 63 percent annual rate, it will reach 4 billion users by 2030 or early
Edgecoin bank has been created to help users have an easier, seamless & secure, experience whilst using the banking platform, users can send and receive funds and store their digital assets, Edgecoin bank is a user-friendly based gateway where we treat all users the same with seamless transactions and security within the process of moving funds & EDGT/ GRTC around the globe. All users must pass KYC while signing up to use Edgecoin bank, this prevents fraud and money laundering - when all users have passed all the necessary checks within signing up to use our gateway you will be able to use our digital wallet to store your Edgecoin & Gradecoin within in our infrastructure alongside using our staking program, Edgecoin Bank offers a seamless and sure banking experience on top of blockchain technology. From buying crypto with multiple payment options to spending it like fiat with no limitations, all it takes is one click. Easy integration, detailed reporting, invoicing options, easy and interactive interface is all a user can ask for. Edgecoin Bank, therefore, becomes an attraction for individuals and corporate businesses looking for the next level upgrade they desire. With all conventional banking services, Edgecoin bank offers seamless transactions and security within the process of moving funds & EDGT/ GRTC around the globe. Edgecoin Bank requires users to pass KYC in order to prevent fraud, and money laundering and get regulated in the maximum geolocations. Once the KYC is completed, users will have 24/7 access to our services from anywhere in the world.
If you deposit fiat in Edgecoin Bank, you can still earn passive income through our Edgecoin Bank Savings account. Depositing crypto or fiat to your account gives exclusive access to Edgecoin Staking protocols where you will be rewarded with Gradecoin. Edgecoin Bank currently supports the Euro, GBP USD, and AED deposits. The Savings account rewards are disbursed after 30 days of locking your amount in the savings account.
Edgecoin bank provides its users with a three-tier bank card when they sign up to use the Edgecoin bank gateway. Edgecoin community members will be able to choose one of three bank cards. Each bank card comes with three kinds of rewards. Users will be able to spend their Edgecoin on any Visa or Master card merchandise machines. The advantages of using the Edgecoin Bank card include lower banking transaction fees and cash-back rewards in our Defi fluctuating token Gradecoin. All users will be able to spend their Edgecoin on Visa cards and receive Gradecoin as a cashback reward 'our DEFI fluctuating token'. The benefits of using the cards will vary depending on which tier you choose, such as tier 1 - tier 2 - tier 3 - each tier bank card comes with set percentage users will receive back in our DeFi fluctuating token.
The Edgecoin staking program will differ depending on what users stake, and all rewards will be given in our DeFi Fluctuating token Gradecoin. Edgecoin staking is a community-gated feature only available through the Edgecoin digital wallet. Anyone willing to participate in the Staking will have to pass the KYC to access the digital wallet and stake their holdings. Edgecoin works on Stellar, which is user-friendly, working on a proof of stake. In addition to being one of the promising projects, it offers exemplary staking services. Edgecoin ensures users' funds are safe by leveraging effective security measures and providing a Secure Asset Fund for Users (SAFU). Our staking method at the time of writing is arguably one of the safest and user-friendliest methods (for cryptocurrency) to earn passive income. The platform stores all staked tokens using a secure wallet and a double-checking system. Edgecoin staking is quickly becoming a practice of gaining passive income by merely storing or locking funds in a wallet as more individuals, including institutional investors understand the crypto market's lucrativeness.
The multi-functional Edgecoin Bank Digital Wallet is exclusively available to the Edgecoin community that passed the KYC. The Edgecoin Digital Wallet users will be able to store crypto assets and make payments like any web3 wallet. The gated access makes it easier for us to mitigate money laundering and defrauding attempts.
Centralized stablecoins are typically collateralized via a basket of fiat currencies, currency pairs, commodities, or other securities. The fiat-pegged stable coin Edgecoin serves as the core economic currency in the Edgecoin bank ecosystem. The Edgecoin has a peg to the US dollar, at 1:1 so its value always remains equal to 1 USD. Stablecoins are essential for the mass adoption of blockchain assets because they ensure frictionless transactions - regardless of price volatility. Our blockchain-based stablecoin outperforms fiat currency because it is a decentralized asset that can be transferred without the use of a conventional bank. Not only users can deposit crypto but also fiat currencies to their digital wallet. Edgecoin is borderless, trustless, faster, and a cheaper alternative to fiat. Edgecoin is the coin of an open payment system that leverages fiat-backed stablecoins. As a result, users can conduct transactions from anywhere in the world.
Gradecoin will be issued as an incentive for holding Edgecoin. The more Edgecoins one holds the more Gradecoins one will receive as a staking reward. The Gradecoin tokens are distributed to holders of Edgecoins according to their proportion of holdings in relation to all other holders of Edgecoin. The price of Gradecoin continues to rise as market forces drive up demand for it, which in turn drives up the price as more people begin to use it. Edgecoin holders will be able to trade Gradecoin on the Defi market just like any other token. The Gradecoin's tokenomics are designed in such a way that its value grows organically over time.
The world is moving to a digital society and the banking sector is no exception. Edgecoin is a decentralized crypto bank that offers conventional banking services as well as Blockchainbased financial services. We are not only revolutionizing the banking system but also making it more accessible to everyone. With the help of Edgecoin, you can make fiat transactions with minimal fees, and use our bank cards to withdraw money from ATMs, but hold on – there’s more. Compared to debit and credit cards, wire transfers, and BACS payments, Edgecoin transactions have much lower transaction fees. Edgecoin is a private and safe cryptocurrency that maintains the anonymity of the investor's assets without sacrificing security. Edgecoin is far more secure than other record-keeping systems because, thanks to blockchain, each new transaction is encrypted and linked to the previous transaction. Edgecoin’s mission is to become the world’s most accessible bank for everyone, no matter their social, economic, or geographical status. Edgecoin's higher value is due to its ease of access. An internet connection and a smart device are all you need to have the bank at your fingertips.
EDGT
EDGECOIN
1,000,000,000
STELLAR
This legal disclaimer section must be read entirety. If you have any doubts, seek legal, financial, tax, or other qualified law professionals' guidance. All of the information shown here is not meant to be comprehensive, and it should never be interpreted as part of any legal contract. Potential buyers of Edgecoin must carefully consider and evaluate all financial risks associated with the purchase amount of Edgecoins.Buy Edgecoins only if you fully understand the Coin in careful, thorough reviews and take into account the risks identified in this whitepaper as well as other risks not included or anticipated. This brochure should learn about syndication and release of the Edgecoin economy. We are certain that the material in this white paper is correct and current, and that all goods, services, technological architecture, Coin distribution, and corporate schedules are correct and current. Furthermore, all of this information may have been modified without notice, and it should never be construed as a formal counseling agreement.
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