We have collected information about the EDC Blockchain community from participant polls conducted in March this year. You will find out in which countries the EDC Blockchain community is developing, where are the most active participants located, on which exchanges it is better to purchase and exchange coins, and what platform functionality is used most often.
More than half of EDC users stake their coins
We found that 63% of users prefer staking their EDC coins. The rest of the participants trade coins on exchanges and participate in trading contests (14%), use coins in their business to accrual/receive bonuses and provide discount certificates (8%), create new tokens on the EDC blockchain (5%) or hold them for the purpose increasing the value of the coin or using it in new developments.
The EDC Blockchain uses a Proof-of-Stake consensus algorithm that requires staking coins to generate new coins and distribute rewards to users participating in staking.
Thus, even having minimum EDC coins, you can stake them, and it will work for you, bringing you daily rewards.
The most active users of the EDC coin are in Latin America
Over the years, our community has expanded to cover all continents and almost all countries in the world. We used to think that participants are located in ~ 57 countries, but according to statistics and support requests, this figure is higher.
The survey showed that the participants who are most active and interested in the project are located in Latin American countries, such as Venezuela, Colombia, Panama, Peru and others (26%). Their activity is determined both by participating in supporting the blockchain through validation, storing coins in staking, and participating in discussions and contests on social networks. Indonesia ranks second (19%), followed by Nigeria (13%).
* It should be noted that only the countries with the greatest activity were indicated in the survey, as it is impossible to fit absolutely all the countries of EDC presence, so the rest ones were included in the “Others”.
The active use of EDC and other coins in Venezuela can be explained by the unstable economic situation in the country, while after the quarantine, the number of cryptocurrency transactions in the country increased. People are looking for alternative sources of income, and cryptocurrencies and blockchain are one of the available ways. So, EDC Blockchain offers all the tools for creating a business from scratch or developing an existing one.
The number of wallets registered by users exceeds 1.3 million, and about 300 transactions are carried out by participants per day, including sending/receiving coins, creating check codes and red envelopes, making anonymous transactions and transferring from/to exchanges.
The main trading turnover takes place on Bit-Z
EDC coin is available on several trading platforms – the full list can be viewed here. You can buy EDC with Bitcoin or USDT, depending on the exchange.
58% of respondents answered that they exchange their coins on Bit-Z. This exchange has a headquarter in Hong Kong and has been in the market since 2015. Users appreciate fast registration, ease of order creation, security system and quick response from the operator (in English). See detailed instructions on how to deposit/withdraw EDC coins.
STEX is another exchange convenient for trading EDC coins. Benefits include a user-friendly interface, availability on both Android and iOS apps, and the ability to buy cryptocurrency with bank cards. 6% of traders voted for Stex.
The number of cryptocurrency users in the world has doubled to 106 million compared to last year. Fears about cryptocurrency adoption are slowly fading away. Despite the bans in some countries, most are planning to find a regulatory solution or create national digital currencies.
For example, Japan wants to start developing a yen-pegged token; the Bank of Russia believes that the crypto-ruble backed by the fiat ruble will improve the financial system of Russia; The Bank of Thailand announced the legalization of stablecoins this year.
This will contribute to even more active development of the community and ubiquitous use of EDC Blockchain platform tools, such as staking service, coin constructor, payment functionality, tools for entrepreneurs and own coin, which is not available in any other blockchain anywhere in the world.