EDA Coin (abbreviated as EDA) is the native utility token that powers the EdaFace Ecosystem, of which EdaFace Mall is an important part. It serves as the digital currency for transactions within the mall, making purchases easy, fast and secure. But is EDA only useful for shopping? No, it is considered a potential smart investment with a wide range of applications across the ecosystem.
EDA Use Cases Across the Ecosystem
(1) Platform Access
EDA allows users and traders to engage with the EdaFace Listing Platforms, including Spot, Derivatives, DEX, and Trending listings.
(2) Blockchain Literature Transactions
With a small transaction fee paid in EDA, users can publish books, songs, videos, and other creative works on the EdaFace Blockchain Literature platform.
(3) NFT Marketplace Transactions
EdaFace Ecosystem hosts a multichain NFT marketplace where users can transfer NFTs across chains. All transactions can be carried out using EDA for minimal fees, increasing the coin’s value.
(4) Launchpad Transactions
The EdaFace Launchpad supports presales, Initial Coin Offers (ICOs) and other forms of project crowdfunding as well as digital equity sales. All interactions on the Launchpad are powered by EDA.
(5) Staking & Rewards
EDA can be staked and is also used to distribute rewards for yield farming and liquidity mining on the decentralized exchange, EdaFace Dex.
(6) Trading Fees
EdaFace Dex supports spot and derivatives trading, including futures, options, and synthetics. More importantly, EDA is used to pay transaction fees for these activities.
7) DeFi Integration
EDA powers the payment of rewards and transaction charges within EdaFace’s decentralized financial (DeFi) lending and borrowing services. EDA drives the DeFi engine on EdaFace DEX.
8) Peer-to-Peer Marketplace
EdaFace’s P2P market enables direct, transparent, and fast trading of digital assets, where users can also advertise their assets. All transactions are carried out, using EDA.
9) EdaFace Mall
The EdaFace Mall is a b-commerce platform that connects the physical world to the digital market utilizing blockchain technology. Users can buy and sell products and services using EDA as the primary payment method.
Find out more: Learn about using EDA to shop on EdaFace Mall.
10) School of Cryptocurrencies (SOC)
EdaFace’s educational arm serves as a resource hub for learning and maximising profits in the crypto market. The enrollment fee and all other financial transactions on the platform are paid using EDA.
11) EdaFace Newsfeed
EdaFace’s Newsfeed delivers real-time updates on crypto, blockchain, AI, and the digital world, while allowing project owners and writers to advertise by paying a small fee in EDA.
12) EdaFace Digital Clinic (Platform Coming Soon)
It is a health-technology platform currently in development, where EDA will serve as the sole medium for all interactions.
13) Access to Exclusive Knowledg
This Academy hosts a rich library that includes electronic books (e-books) and blockchain books (b-books). All materials are purchasable using EDA.
Certainly, EDA is a powerful tool that brings value to everyday purchases and holds promise for long-term growth.
Need EDA Coin for EdaFaceMall?
EDA Coin has been listed in crypto markets.
Specifically, EDA is available on AscendEX, a global exchange.
Here’s how to access it:
1. Register on AscendEX
Watch how to register: https://youtu.be/XKx8nGHUxn8?si=oqIV15x7kl8p7u_G
2. Deposit funds into your account
Watch how to deposit: https://youtu.be/If7XfU—Wc?si=ZsB8ov-QT-94NrcW
3. Trade EDA
Watch how to buy and sell: https://www.youtube.com/watch?v=nskJlHq_Kg8
Start your shopping journey today with EDA Coin on EdaFace Mall!
