INTRODUCTION

The challenges of making and processing payments for fees in education institutions moved the team to establish the EDGECOIN system. It is projected to develop an App that will enhance easy, safe and cheaper payment and processing of institutions and its similar fees like tuition, accommodation, enrollment and other fees. It is a decentralised system that is built on smart contracts based on the Stellar blockchain network, which ensures its safety and transparency.

The management of the platform is a team of zealous and experienced individuals that were assembled to champion the project. They have experience in various aspects of the business world, such as data management, asset management, project management, Defi blockchain and education institution management.

There are lots of cryptocurrencies springing up in the financial system recently. These coins originate from various Defi platforms that are developed by crypto enthusiasts. The Defi system is gradually and steadily taking over the financial system. This is due to its ability to provide solutions to some challenges in the Cefi.

Many individuals, celebrities, business moguls and institutions are shifting their attention and investment in the Defi. These developments have boosted the activities and liquidity in Defi, despite the challenges of market volatility that causes price fluctuations.

Despite the upsurge in Defi, none of the platforms has dealt with the issues of payment in the education ecosystem.

The Edgecoin stablecoin has a hedge against the frequent changes in crypto prices resulting from volatility market conditions. It is fastened to the USD at the ratio of 1:1. This measure is to stabilize the price of the token. Nonetheless, routine audit and other control measures will be performed on the system to sustain the values and growth of the community and its token.

EDGECOIN DAPP

This is the official decentralised application of the community where its members will log in to do their transactions. Users are allowed to do transactions in the app without the interference of the management. It performs transactions very fast, and it is built on smart contracts that ensures its safety and transparency. Users sign into the application, complete KYC, deposit EDGT tokens which will be converted to the USD to make payments.

EDGECOIN TOKEN (EDGT)

The Edgecoin platform is controlled by a cryptocurrency referred to as EDGT. It is a custom token with a value of 1 : 1USD. management will institute measures to preserve the value of the token by applying the "Build" custody solution, which requires approval before supplying the tokens. It has a mini token which is used to achieve some goals in the community. It is known as GRADECOIN (GRTC). The GRTC can be used to reward some members for their contributions in the community and also used to pay some fee charges. The tokens can be staked to earn more benefits and tokens.

EDGECOIN PLATFORM SUPERVISION

A third party will be contacted to supervise the activities on the Edgecoin system to ensure it complies with standard financial laws. The community will be audited by a top accounting firm on regular bases to guarantee its transparency. Users will undergo the KYC and AML verification for individuals and institutions respectively. These measures will protect the community and ensure its stability.

LEGAL DISCLAIMER

The white paper and website contents of the community is for information purposes and not advice for investment. Users are advised to do proper consultation with legal and financial experts before dealing on the Edgecoin platform. The contents on the white paper can be amended or updated by the management for the benefit of the entire community. Such action will be relayed to the community through social media channels. The community will not be liable for any loss or damages incurred by clients by transacting in the platform.

MORE INFORMATION:

➣Website : https://www.edgecoinpay.com/
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Author

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