Edain

<p>Edain has undoubtedly come a long way in the previous months and especially in the last few weeks. We’ve created a unique ecosystem that can be accessed by using its native EAI tradable license keys.</p><p>This article is addressed to all our participants who have purchased EAIs in the presale period and need guidance to claim their tradable license keys.</p><h2 id="header-0"><strong><u>About KYC verification</u></strong></h2><p>The Know Your Customer (<em>KYC</em>) requirement is a compulsory practice put in place by regulatory authorities responsible for monitoring the actions of financial service providers in a country. All users must pass this process before carrying out certain financial transactions. In our case, KYC has been required by the <em>Swiss Financial Market Supervisory Authority</em> (<em>FINMA</em>) as Edain Technologies AG is a company registered in Switzerland and abides by Swiss rules and regulations.</p><h3 id="strong-benefits-of-having-kyc-strong"><strong>Benefits of having KYC</strong></h3><ul><li><strong>Guards against identity theft </strong>— By engaging in this process, we are able to establish your identity as a customer, ensuring that someone else is not impersonating you and carrying out fraudulent financial transactions through your account.</li><li><strong>Prevents fraud </strong>— Updating your KYC helps us understand the nature of your activities, verify that the source of funds is legitimate, and prevent any potential money laundering activity on the account.</li><li><strong>Ensures stability</strong> <strong>for your EAI </strong>— Having a KYC requirement will make the Edain ecosystem, in financial terms, more trustworthy and less prone to risks as it will increase its stability and public trust and, consequently, will attract new potential investors.</li></ul><ol><li><strong>The step-by-step guide for completing your KYC verification is available in the video available <a href="https://youtu.be/fkYgIaW0VTM" rel="noopener noreferrer nofollow">here</a>.</strong></li></ol><h3 id="strong-u-installing-metamask-u-strong"><strong><u>Installing MetaMask</u></strong></h3><p>Whether you are an experienced user or brand new to blockchain, MetaMask is easy to use and, at the moment, represents the first access gate to withdraw your EAI tradeable license keys.</p><p><strong>2. Follow the step-by-step guide for installing the MetaMask app, available in the video <a href="https://youtu.be/zBQE9uCYmQQ" rel="noopener noreferrer nofollow">here.</a></strong></p><h3 id="strong-u-adding-eai-wallet-and-xden-contract-u-strong"><strong><u>Adding EAI wallet and XDEN contract</u></strong></h3><p><strong>3. After completing the MetaMask account registration process, you can set up your EAI wallet and XDEN contract by following the steps available <a href="https://youtu.be/rzUAHUmMQwU" rel="noopener noreferrer nofollow">here</a>.</strong></p><h3 id="strong-u-how-to-claim-xden-u-strong"><strong><u>How to claim XDEN</u></strong></h3><p><strong>4. Follow the step-by-step guide for claiming XDEN the native digital tradable asset of the Xiden blockchain, available in <a href="https://youtu.be/EZ4i1GhlUI8" rel="noopener noreferrer nofollow">here</a>.</strong></p><h3 id="strong-u-how-to-withdraw-eai-u-strong"><strong><u>How to withdraw EAI</u></strong></h3><p><strong>5. In order to withdraw your EAI tradable license keys, please follow the steps available <a href="https://youtu.be/ix21Y4-fkgQ" rel="noopener noreferrer nofollow">here</a>.</strong></p><h3 id="strong-u-how-to-stake-your-eai-u-strong"><strong><u>How to stake your EAI</u></strong></h3><p><strong>The ones that want to increase their tradable license keys amount passively can choose to stake their EAIs by following the steps available <a href="https://youtu.be/Mqvq0AnnZmo" rel="noopener noreferrer nofollow">here</a>.</strong></p><h2 id="header-1"><strong>About Staking</strong></h2><p>Staking allows owners to participate in securing the Edain network by locking up their tradable license keys, and, consequently, they will be rewarded. The higher the amount of EAIs pledged, the higher the rewards received. The rewards are distributed on-chain, which means earning them is completely automatic. <strong>Edain implements 10% annual interest.</strong></p><h2 id="header-2"><strong>About Xiden blockchain and Edain integration</strong></h2><p>Xiden blockchain has been developed by CryptoDATA, and it is an autonomous ecosystem that operates according to blockchain standards: consensus, networking, and DApps.</p><p>Xiden is a system that combines the Internet of Things with blockchain technology to develop a protocol that allows smart devices to perform tasks automatically and autonomously. In addition, the system’s platform will facilitate the integration of all smart devices in the blockchain network to ensure the optimal and efficient use of all available resources.</p><p>The Xiden blockchain provides bridges for interconnectivity and interoperability with other blockchains. Furthermore, since Edain is integrated with Xiden, it is automatically compatible with many other established blockchains, which benefits both the end-users and the developer team.</p><p>Xiden is EVM compatible, which means Edain can benefit from drastically reduced gas fees as an ERC20 utility token. This will bring tremendous benefits to the community as the end-user will not have to pay gas $30 gas fees for $0.01 microtransactions when using the apps within the Edain Ecosystem.</p><p>The Xiden network includes a Smart Distributed Resources (SDR) layer, which allows the various devices connected to the blockchain to share their hardware resources in a decentralized way.</p><p>Xiden WhitePaper is available <a href="https://bit.ly/3NTH0QK" rel="noopener noreferrer nofollow">here</a>.</p><p>For more information about Xiden you can visit the website <a href="https://bit.ly/36X4YKt" rel="noopener noreferrer nofollow">here</a>.</p><h2 id="header-3"><strong><u>Listing details</u></strong></h2><p>As you already know, the Edain smart contract has been deployed, and the EAI tradable license key have been minted on March 30th. In the following period, Edain will be listed on multiple exchanges.</p><blockquote>The first Edain listing on the LATOKEN exchange took place on Monday, April 11th.</blockquote><h2 id="header-4"><strong>Moving forward — Future Exchange Listings</strong></h2><p>This initial EAI listing on LATOKEN is an essential step in developing the project as the future listings on WhiteBIT, CMC, CoinGecko, and other exchanges depend on it. In addition, this will give value to the EAI tradable license keys.</p><p>Edain is an ERC20 smart contract, and through the Xiden blockchain, it will be possible to be implemented in many exchanges via blockchain bridges. Thus, we will continue with Edain’s implementation in both CEX and DEX exchanges in the near future.</p><h2 id="header-5"><strong>About Edain audit</strong></h2><p>As we promised, the first audit on the Edain smart contract and Xiden staking function has been published. We have been <strong>rated 100 points by Hacken</strong>, maybe the most trusted technical audit company.</p><p>The audit reports can be found <a href="https://bit.ly/3uVn33G" rel="noopener noreferrer nofollow">here</a> and <a href="https://hacken.io/wp-content/uploads/2022/03/Edain-Technologies-AG_SCAudit_Report.pdf" rel="noopener noreferrer nofollow">here</a>.</p><p></p>

Edain listing — all the information you need Includes guide for KYC, withdrawal & staking

Table of Contents

Edain

Other articles published on Apr 20, 2022

EDAIN is now LISTED on LATOKEN

The future of play-and-earn gaming with Idle Mystic’s hero game

Share $4,500 worth of Blade Warrior NFT via Trading Campaign on BabySwap

Introduction to World BOSS Activities on Idle Mystic

Ecoin - Official Verification Channel 🔐

Earthling IDO Rescheduled. New Date May 9, 2022

Join our free newsletter for daily crypto updates!