You Ask – We Answer! Validator Benefits, Staking Duration, Coin Supply |
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You Ask – We Answer! Validator Benefits, Staking Duration, Coin Supply

Dear users, 

In this release you will find answers to frequently asked questions such as: what work validators execute, how long coins are stacked for, and how to arrange an offline store. 

I have staked my coins. How do I know how much time is left until the completion of the staking period, and when the coins will be returned to my balance? 

To check your staking balance, as well as the time remaining until the completion of the staking period, visit here https://wallet.blockchain.mn/staking  

What benefits do I get after I become a witness? 

Witness nodes participate in supporting the blockchain by generating new coins and confirming transactions. The witness instead receives part of the generated coins as a reward for their work. Additionally, the witness receives a bonus from transaction fees, which is divided among all witnesses. You can find detailed information here https://blockchain.mn/how-to-become-a-witness-account-and-deploy-a-node/ 

How many coins will be issued? How many coins are in circulation? 

The maximum coin supply is 100,000,000 units. You can check the total supply in the block explorer following the link https://explorer.blockchain.mn/ 

I have an offline store, can I accept EDC? 

You can accept EDC coins as a means of payment in HoReCa (restaurants, cafes, hotels). Let your visitors know about the possibility of paying with the coin by adding an EDC Blockchain banner to your shop window or at the reception. You can download the banner here

Send us any questions you are interested in – from technical to media proposals, leave feedback, provide recommendations and suggestions by email or in the official chat on Telegram. Get answers from our developers faster!

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