On March 15th, 2019, the EDC project will burn the coins. This decision was made by the Council of investors in order to strengthen cryptocurrency positions, as well as to reduce inflation and stimulate its stable growth.
In general, over 5 billion coins will be burned. Coin burn is planned to be carried out in two stages:
March 15th, 2019 – 2.5 billion coins approximately
April 15th, 2019 – 2.5 billion coins approximately
As it is known, coin burn will reduce the number of coins in circulation which is a justified step, as there will be a shortage of coins, as well as demand will be stimulated and, respectively, the price of cryptocurrency will increase.
Thus, everyone will benefit from this process: holders of tokens will get a profitable asset for long-term investments; project partners – a stable platform for launching blockchain startups; traders – an opportunity to include coins in their portfolio and to make money thanks to the price increase.
The decision made by the EDC Blockchain team rewards all coin holders thanks to increasing the value of their assets as this step has good potential in both the short and long term.
We would like to remind you that EDC is not just a cryptocurrency – since 2019, the project has switched to a multifunctional blockchain platform. The team makes reasonable decisions, confirming the desire to develop the project, having a clear plan, knowledge, experience, as well as determination to make EDC Blockchain one of the leaders of the crypto market.
There are still a lot of changes on the agenda of the EDC team, which will certainly bring profit to all project participants! Keep up with all the news!