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EDAC Price Live Data
What is EDAC?
EDAC is the tokenization of mining power, in the Binance Smart Chain and Ethereum (ERC20 token). Token holders can contribute to the process of securing PoW blockchain networks while benefiting from the block rewards directly 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 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.
Who are the Founders of EDAC?
The Founder is Alex Serbanoiu, serial entrepreneur and manager at JEP Sports, Partner and Board Member at CS Pandurii Târgu Jiu and CEO and Founder of Grupo Elias.
What Makes EDAC unique?
It is an autocompounding hyperdeflationary generative/productive token, which achieves:
Constant Demand EDAC token periodically generates its own demand thanks to rewards from mining activity and integrates an automatic burning mechanism which reduces the circulating supply.
Decreasing Supply This decreasing supply together with a constant demand (which comes directly from the rewards of the mining activity) will lead an upward trend on its price.
Redistribution in bitcoins (passive income) 1% of trading volume will be redistributed among holders automatically with a transaction fee, and another 1% is added to the Liquidity Pool.
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