1. Summary

Ranks

Liquidity

-

Developer

-

Social

64

Momentum (beta)

0

Stack Rank™

-

Price

$0.01 0.0%

Market Cap

$0.00 (#8549)

Supply

/

Tags

Binance Smart Chain Ecosystem BNB Chain Ecosystem

More Metrics

Price
52W High price	$0.02
52W High date	30th Mar 2022 (2 years ago)
All Time High (ATH) Date	22nd Sep 2024 (2 months ago)
All Time Low (ATL) Date	22nd Sep 2024 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1.00

Less Metrics

Description

What is EDAC?

Read More

What is EDAC?

EDAC is the tokenization of mining power, in the Binance Smart Chain and in the Ethereum Blockchain (ERC20 token). Token holders can contribute to the process of securing PoW blockchain networks while benefiting from the block rewards indirectly with EDAC.

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 values. When a new high 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.

Show Less