Edelcoin

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Edelcoin (EDLC) is an ERC-20 cryptocurrency on the Ethereum platform, aiming to become a stablecoin with diversified backing from precious and base metals. Totaling over 5.5 billion tokens, each Edelcoin is over-collateralized with reserves amounting to 125% of its value, verified and disclosed independently for transparency. It is designed as a Swiss compliant digital payment option, facilitating stable and reliable transactions across goods and services while minimizing exposure to inflation and external monetary policies. The token is actively traded on several markets and aims to expand to other EVM-compatible blockchains.

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FAQ

What is Edelcoin and what makes it unique?

Edelcoin (EDLC) is a distinctive cryptocurrency functioning as an ERC-20 token on the Ethereum platform, with intentions to expand to EVM-compatible blockchains. Its uniqueness stems from being backed by a diverse portfolio of precious and base metals, classifying it as a stablecoin. With over-collateralization of 125% of each token's value, Edelcoin offers increased stability, transparency, and trust, all verified independently. It aims to be a Swiss compliant digital payment instrument, offering stability amidst inflationary pressures and external monetary policies.

How does Edelcoin maintain price stability?

Edelcoin maintains stability through its backing with diversified precious and base metals amounting to 125% of each token's value. This over-collateralization ensures the currency is stable and less volatile compared to other cryptocurrencies. Regular independent audits and transparent disclosure of these reserves further bolster Edelcoin’s ability to maintain its value and function as a reliable stablecoin in the blockchain ecosystem.

What benefits does Edelcoin offer compared to other stablecoins?

Edelcoin offers several advantages compared to other stablecoins. It is over-collateralized by 125% with a diversified metal portfolio, offering enhanced stability and reduced volatility. Its transparent and independent reserve verification further increases trust. Unlike fiat-backed stablecoins, Edelcoin is designed to operate independently of inflationary fiat currencies and external monetary influences, making it a more stable financial instrument for transacting goods and services in the blockchain space.

How can Edelcoin be used for transactions?

Edelcoin is intended as a Swiss compliant digital payment instrument, ideal for transactions involving goods and services. It is designed to function independently from inflationary pressures and monetary policy changes, providing a stable and reliable medium of exchange. This feature is particularly beneficial for businesses and individuals looking for a stable store of wealth that retains purchasing power over time, even amid fluctuating fiat currencies.

In which markets is Edelcoin traded?

Edelcoin is actively traded on five different markets, with its trading volume recently reaching around $5.5 million over a 24-hour period. Its trading price fluctuates around $1.12 USD. These active markets provide opportunities for investors and users to trade Edelcoin, leveraging its stability and diverse metal backing to participate in the broader cryptocurrency ecosystem.

Are there any plans for future expansion of Edelcoin?

Yes, Edelcoin plans to expand beyond the Ethereum platform to additional EVM-compatible blockchains. This strategic expansion aims to increase its accessibility and usage across a wider range of blockchain ecosystems, ensuring that more users can benefit from its stability, transparency, and diversified metal backing. This broader integration will enhance Edelcoin's utility and appeal as a stable financial instrument in the global cryptocurrency market.

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