Description
What is EDAC?
EDAC is the tokenization of mining power. Token holders can contribute to the process of securing PoW blockchain networks while benefiting from the block rewards directly with EDAC. The token is blockchain agnostic.
How it works?
The process is as follows: EDAC tokens are sold and used to buy hashrate power, i.e. through rigs. This power generates mining rewards. The net income (around 50% of all ETH rewards) is used to buyback EDAC coins, which will immediately be burnt. This constant demand and decreasing supply should impulse EDAC price to new All-Time Highs. When an ATH is reached (not before), up to a 0.5% of token supply can be sold to buy new mining capacity, conforming a virtuous circle of returns.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, EDAC COIN has established itself as a formidable player. It is currently ranked #27,512 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in EDAC COIN as a viable digital asset.
Tokenomics
The tokenomics of EDAC COIN consist of a total supply of 170,000,000 tokens, out of which 168,381,903 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your EDAC COIN tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade EDAC COIN, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in EDAC COIN with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
