Item: EDCC
Rating: 3.00

EDCC Blockchain-related information

Issue Time

2021-01-01

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WikiBit Risk Alerts

Previous Detection 2024-12-21

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

EDCC Price Chart

EDCC Blockchain introduction

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Short name	EDCC Blockchain
Full name	EDCC Blockchain
Support exchanges	EDCCASH, Crex24 (and potentially others in the future)
Storage Wallet	Desktop wallets: Exodus, Electrum (with appropriate plugins), Atomic WalletMobile wallets: Coinomi, Edge Wallet, Trust WalletHardware wallets: Ledger Nano S/X, Trezor Model T
Customer Service	You can likely find contact information on the EDCC BLOCKCHAIN website or through their social media channels

Overview of EDCC Blockchain

EDCC BLOCKCHAIN is a new cryptocurrency developed by EDC Gateway PTY LTD to enable trading and increase well-being. It uses the Scrypt algorithm and proof-of-stake (PoS) system to mine coins with low power usage. The goal is for EDCC BLOCKCHAIN to be easy to obtain, use, and trade on exchanges like EDCCASH and Crex24. Partnerships with property developers and banks are planned to increase adoption and allow the currency to be used for material purchases and banking services. Over 2 billion coins were premined, about 1% of the total supply, and new blocks are generated every 60 seconds on average.

Pros and Cons

Pros	Cons
Accessibility for Traders	Large Pre-mine (2 billion coins)
Low Power Usage to Make Mining	Early Stage Development
Fast Block Times	The partnerships with property developers and banks are still in the planning stages
Having Real-world Applications	Limited Exchange Availability

What Makes EDCC Blockchain Unique？

EDCC BLOCKCHAIN differentiates itself by prioritizing accessibility, real-world applications, and environmental friendliness. Its focus on user-friendliness, with an emphasis on ease of acquisition, use, and trading, sets it apart from cryptocurrencies with steeper learning curves. Planned partnerships with property developers and banks aim to provide EDCC with real-world utility, moving beyond purely speculative applications. The use of Scrypt and Proof-of-Stake (PoS) minimizes energy consumption, making it a more environmentally conscious option. Furthermore, its fast block generation time of 60 seconds potentially leads to quicker transaction confirmations, making it more suitable for everyday use.

How does EDCC Blockchain Work？

EDCC BLOCKCHAIN utilizes a unique combination of technologies to facilitate its operations. It employs the Scrypt algorithm for mining, which is more memory-intensive and less energy-consuming than traditional PoW algorithms. The blockchain operates on a Proof-of-Stake (PoS) consensus mechanism, allowing users to stake their EDCC coins to validate transactions and earn rewards. With a fast block generation time of 60 seconds, EDCC aims to provide swift transaction confirmations. Notably, the blockchain features a pre-mined coin supply, which could raise concerns about centralized control. However, EDCC is focused on real-world applications, seeking to integrate with property developers and banks to enable transactions for material purchases and banking services.

Exchanges to Buy EDCC Blockchain

CoinCarp's tracking data suggests that the EDCC Blockchain is currently not available for purchase on a cryptocurrency exchange. While you may be able to purchase EDCC Blockchain from other traders through Over-the-Counter (OTC) trading, the risks associated with this method are considerable. We strongly advise you to do your own research and understand the risks involved before engaging in any trading activities for EDCC Blockchain.

Is It Safe？

It depends on your personal risk tolerance and investment goals. EDCC Blockchain is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies. If you decide to get involved in EDCC Blockchain investing, you will also need to understand the EDCC Blockchain project's white paper, team background, tokenomics, and the overall market environment.

Frequently Asked Questions

What is EDCC？

EDCC Blockchain is a new cryptocurrency developed by EDC Gateway PTY LTD. It aims to be easy to obtain, use, and trade, with a focus on real-world applications like material purchases and banking services. It uses the Scrypt algorithm and Proof-of-Stake (PoS) system for low-power mining and fast block times.

Where can I buy EDCC？

Currently, EDCC Blockchain is not listed on major cryptocurrency exchanges. It is only available on smaller exchanges like EDCCASH and Crex24. Be cautious when using smaller exchanges as they may have higher risks.

Is EDCC a safe investment？

EDCC Blockchain is a new project with limited information available. This makes it a high-risk investment. Consider the following factors:

Large Pre-mine: The pre-mined coins raise concerns about centralized control and potential manipulation.

Early Stage Development: The project is still in its early stages, and its long-term viability is uncertain.

Limited Exchange Support: The lack of widespread exchange listings hinders liquidity and trading volume, making it difficult to buy and sell.

EDCC Blockchain User Reviews

12 ratings

Participate in evaluation

Chong Shih Siang Delvin

The scalability of the technology in question is lacking, hindering its potential for real-world application and market demand. The team's reputation and track record are questionable, and the lack of transparency raises concerns. User adoption and developer activity are low, leading to uncertainty about the project's future growth. Safety risks and regulatory uncertainties further diminish its competitive edge. Community sentiment is mixed, with limited engagement and developer support. Price volatility remains high, posing significant risks for long-term investment. Market value and liquidity are also underwhelming, indicating limited fundamental strength and reliance on speculation.

2024-06-12 13:25

Mns33773

The long-term potential of EDCC Volatility content lacks clarity and direction, leaving investors apprehensive about its future.

2024-03-22 14:32

Wan Erie

The consensus mechanism of this cryptographic currency lacks innovation and practicality, but shows some potential in addressing market demand and improving scalability. The team's transparency and track record are commendable, but more development activity and community engagement are needed. The token distribution and economic sustainability are questionable, and security vulnerabilities have raised concerns. Regulatory uncertainties and competition with similar projects add to the overall volatility and risk. Despite some strengths, this currency's long-term potential remains uncertain.

2024-07-13 14:56

TuanNgu90714810

The team's transparency content is lacking depth and clarity, leaving investors feeling uncertain. There's room for improvement in communication and accountability.

2024-04-08 10:53

Steve Tang

The community sentiment content for this project is engaging and evokes strong emotions, providing valuable insights and fostering active participation within the community.

2024-03-18 16:40

កោសល្យ កញ្ចរិទ្ធ

The bonus hype content of the EDCC is filled with flashy promises and potential rewards, but lacks substance. It's important to approach with caution and conduct thorough research before investing.

2024-03-03 10:23

chong

The project shows great potential in solving real-world problems, with strong community support and a transparent team. Market demand is evident, and the tokenomics are sustainable, making it a competitive player in the space.

2024-04-12 14:18

Ari Laksmono

Exciting bonus potential, innovative features, strong market demand, solid team reputation, active community engagement. High potential for long-term growth and market value.

2024-03-17 10:57

Joshua Lim

Highly impressed with the innovative blockchain technology and anonymous features. The team's transparency and track record speak volumes. Market demand for this practical solution is evident. Community engagement is strong, showcasing the project's potential for long-term growth and success.

2024-07-27 15:32

Perseus Tiger

Regulatory environment impact on market dynamics and investor sentiment. Competition dynamics and potential future regulatory challenges. Economic sustainability and token distribution strategies. Decentralized governance models and security vulnerabilities. Community engagement and developer support driving long-term value growth.

2024-05-09 15:43

Yee Ling

This project's security audit report is solid, highlighting robust measures against vulnerabilities and ensuring community trust. Market potential and long-term viability are promising, with a competitive edge setting it apart. The team's transparency and track record inspire confidence, while active developer engagement bodes well for future growth. Overall, a strong contender in the crypto space with high potential for success.

2024-04-29 12:16

Mas Hanz

Innovative blockchain technology with strong scalability and anonymity. Team with proven expertise and transparent record. Growing user base and developer activity. Solid token economics and sustainable inflation model. Robust security measures and community trust. Potential regulatory challenges and competitive advantage. Engaged community and strong communication. Historical price stability and long-term potential. High market value and liquidity for solid fundamentals and growth.

2024-03-23 11:29