What are the reasons for purchasing an EdEE token, and what benefits can it provide to investors and users?
EdEE tokens offer multiple benefits to both investors and users. As an investor, purchasing an EdEE token can be a strategic investment decision, with the potential for value appreciation as the demand for EdEE tokens increases. This demand can be driven by the increasing number of DApps built on the EdEE ecosystem, attracting new users who will require EdEE tokens to transact on the platform.
As a potential user of EdEE DApps, buying EdEE tokens during earlier token distribution phases can provide access to lower prices, which can result in lower future costs of using EdEE DApps.
However, it is important to note that investing in EdEE tokens requires careful research and analysis of the EdEE ecosystem, its potential for growth and adoption, and individual investment goals and risk tolerance. At EdEE, we believe in providing transparency and education to our community, to help them make informed decisions about investing in our platform.
What is the process for buying EdEE tokens and how can I ensure that I'm not falling prey to a scam?
EdEE tokens are available for purchase exclusively through EdEE Token-Distribution System, which is outlined in detail in EdEE white paper. The system involves four phases and can be accessed through the EdEE website,
https://www.edee.org. We want to caution potential investors against falling for scams, as it is possible for scammers to offer fake contract addresses and collect funds for their wallets. To prevent these kinds of fraudulent activities, we do not offer EdEE tokens through smart-contract addresses or any decentralized exchanges (DEXs), and tokens can only be acquired through our Token-Distribution System.
It is important to note that attempting to purchase EdEE tokens by sending cryptocurrency directly to a smart-contract address or any DEXs will not work, as EdEE Token smart contracts (deployed on any blockchain) will reject the transaction attempt and automatically roll back the transaction while returning sent crypto to its origin. If anyone claiming to be a representative of EdEE offers you a smart-contract address or any DEXs and attempts to guide you through the token purchasing process using this method, that person is a scammer. We encourage all potential investors to exercise caution and only use our official Token-Distribution System to acquire EdEE tokens.
How does the EdEE token differ from meme coins such as Dogecoin or Shiba Inu?
The main difference between the EdEE utility token and meme coins such as Dogecoin or Shiba Inu is that the EdEE token has a real-world use case. It provides holders with access to various opportunities within the EdEE DApps ecosystem, which cannot be accessed outside of the Web3 world. Additionally, the EdEE utility token will be released on ten different blockchains to serve DApps' users across multiple blockchain networks. Moreover, the EdEE token has some technical differences such as a zero inflation policy, meaning there will be no minting or burning of tokens, and a Bridge mechanism. For more information on the EdEE utility token, please refer to the "EdEE Utility Token" section in the white paper.
How does the EdEE token compare to Bitcoin, and what advantages does it offer in the blockchain industry?
Bitcoin pioneered the implementation of blockchain technology as a means of creating a horizontally democratic and decentralized network, and it continues to be a leading cryptocurrency due to its widespread public acceptance. In contrast, the EdEE Token is a utility token designed to provide access to a range of decentralized applications (DApps) that offer various services to their users. The value of EdEE Tokens will be determined by the balance between the demand for accessing EdEE DApps and the supply of EdEE tokens. Therefore, it is not appropriate to directly compare the EdEE Token to Bitcoin as they serve different purposes within the blockchain ecosystem.
What are the potential revenue opportunities for investors who purchase EdEE tokens, and is there potential for EdEE token to become a highly profitable investment opportunity?
EdEE token offers a unique investment opportunity for early adopters, with a distribution scheme that rewards early investment while minimizing risk. Token distribution occurs in tandem with the unveiling of new services within the EdEE ecosystem, ensuring that demand for EdEE tokens increases.
For those who purchase EdEE tokens for the discounted price of 0.1$/EdEE token during the initial token distribution phase, we have anticipated a tenfold return on investment within a year, as the final token distribution phase will sell EdEE tokens at $1 each. Both risk and revenue for investors diminish with each new token distribution phase, with those who buy in later phases receiving less revenue upon the final distribution.
However, it is important to note that the potential revenue opportunities for investors go beyond this initial return, as the limited supply of EdEE tokens and limitless demand for services suggest that the token's value may continue to rise as more DApps are released and more users join the ecosystem.
Overall, while we cannot predict the exact revenue potential for EdEE token, we believe it represents a promising investment opportunity in the blockchain industry. Yet, Investors who prefer a more cautious approach may consider splitting their investment between all the token distribution phases.
Why EdEE Token price increases over time with each toke distribution phase?!
Our starting price for EdEE token is 1 Dollar. It doesn't increase during token distribution phases. In fact, it is being distributed underpriced in initial stages.
Will we witness a surge in price after all token distribution phases are over?
We will start listing EdEE token on major exchanges and expect the natural market factors such as supply and demand determine the token price. Although, we expect that by the end of token distribution phases, where our initial 5 decentralised applications are in the market, it is natural to expect a steady rise in the demand side of the EdEE token market, and so, a steady rise in price is expected.
What token coding standard is used to implement the EDEE token?
EdEE Token uses ERC20 and BEP20 standards, depending on the blockchain it is being deployed on. Let's open up this answer a little bit.
Although there are thousands of different tokens on various blockchain networks, they are all programmed based on specific token programming standards. The most important of these standards include ERC20, BEP20, ERC721, and ERC1155. The ERC721 standard is used for NFT tokens and includes their fixed functions. And it's worth mentioning ERC1155 standard that combines both ERC20 and ERC721 standards in one standard.
The two most important standards for tokens that are used as currency are the ERC20 and BEP20 standards, with the latter being mostly the same as ERC20 on the Binance Smart Chain network. EdEE token contract is also written using ERC20 and BEP20 depending on what blockchain it is being deployed on.
These standards include basic functions such as balanceOf, transfer, and approve, as well as parameters such as Decimal for the number of decimal places, Symbol for the token symbol, and name for the token name.
Additionally, the EDEE token also includes specific functions tailored to its unique features, such as holding ITOs (The eight token distribution phases), burning tokens (to be held automatically at the end of each token distribution phase), and determining developer wallets.
On what networks the EdEE token will be available?
Ethereum, Arbitrum, Binance Smart Chain, Polygon, and DAI.
What factors were considered by the EdEE development team in distributing the EdEE token unevenly across different blockchain networks?
The EdEE development team took into account two fundamental parameters in distributing the EdEE token unevenly across different blockchain networks.
Firstly, the number of active users in each network was considered as the EdEE token is a utility token and its distribution should logically be higher in networks with more users. As a result, the EdEE token is distributed in networks with more users in greater numbers than other networks with lower user count.
Secondly, the future plans and DApps of the EdEE ecosystem were also considered. The team intends to launch several useful applications on various blockchain networks, and due to its high speed and low fees, the Polygon network has priority for applications with real-world use cases. Therefore, the EdEE token is expected to be used more on this network than others, resulting in a higher distribution of the token on this network compared to others with similar levels of popularity and user count.
What factors should be considered when evaluating whether buying EdEE tokens is a good investment?
The EdEE team strives to ensure that the community and investors are provided with a secure and reliable ecosystem. However, like any investment, buying EdEE tokens carries a degree of risk and requires thorough consideration. While utility tokens such as EdEE's may have a strong demand and financial advantage, they are not immune to market fluctuations, and it's essential to manage investments according to personal risk tolerance.
As an investor in the EdEE token, I understand that traditional liquidity pools are not part of the project's strategy. Can you please explain how I can cash out my EdEE tokens without relying on a liquidity pool?
Thank you for your interest in EdEE token. We believe that liquidity pools are not suitable for any crypto projects, and have developed alternative solutions to address this issue. In particular, we have launched two DApps that facilitate peer-to-peer trading for a wide range of crypto assets across 10 different blockchains, including the EdEE token. Our first DApp will be available upon the launch of the initial token distribution phase, allowing for immediate cash out of your EdEE tokens. We believe this approach offers a safe, fair, convenient, and flexible alternative to traditional liquidity pools. To learn more about our approach, we invite you to read the "Liquidity pools - Controversy & Risk" section of the EdEE White Paper.
What is the reason for the time gap between the launch of the EdEE Ecosystem and the Token Distribution phase?
The EdEE Token Distribution phase is a crucial step in achieving a fair and equitable distribution of EdEE tokens among our community. To maximize the impact of this phase, we have intentionally created a time gap between the launch of our marketing campaign and the first Token Distribution event. This time gap allows us to increase awareness and generate interest in the project, thereby increasing the number of potential participants who are interested in purchasing EdEE Tokens and maximizing the number of tokens distributed during each distribution phase.
Furthermore, the EdEE token is a utility token with a wide range of use cases within the EdEE ecosystem's decentralized applications (DApps). To ensure that users have a thorough understanding of the ecosystem, its DApps, and the potential role of the EdEE token in the future, we believe that users should be given a fair amount of time and opportunity to learn about the project before making a purchase. During this period, users can participate in airdrops offered to beta testers of EdEE DApps, giving them a firsthand experience of the use cases for the EdEE token within the EdEE ecosystem.
What is the rationale behind not distributing the EdEE token through a DEX listing, like some other crypto tokens?
The EdEE token is being distributed on 10 different blockchains, and current DEXs are not capable of handling that technicality. Moreover, at EdEE, we do not believe that selling a token through a liquidity pool on a DEX is a fair option for users. This is because it can create a situation where the second buyer has to buy the token at a slightly higher price than the first buyer, and the first seller can get a slightly higher price than the second seller when selling. Essentially, liquidity pools in DEXs can turn the entire purchase process into a Ponzi scheme, which we want to avoid. Please refer to the "Liquidity Pools - Controversy & Risk" section of the EdEE White Paper for further details on this topic.
Instead, we are committed to offering users the opportunity to purchase and sell the EdEE token through a fair market mechanism. This is why we have introduced a unique solution for crypto liquidity, available through our first and second decentralized applications (DApps). We believe that this approach will provide users with a more transparent and equitable market for the EdEE token and other cryptocurrencies.
Is there a maximum limit on the number of times or the amount of EdEE Tokens that a user can purchase during the Token Distribution Phases?
EdEE Devs are committed to ensuring a widespread distribution of EdEE Tokens during the Token Distribution Phases. To this end, we have explored various measures to limit the number of tokens that each user can purchase. In the EdEE ecosystem users are known by their wallet IDs and it is technically not possible to impose such limits based on wallet ID alone. As anyone can bypass wallet limits by creating new wallets in a matter of seconds, such measures would be ineffective and ultimately pointless.
On the other hand, while EdEE Devs could theoretically implement KYC measures to restrict purchases, doing so would be contrary to the ethos of the EdEE ecosystem, which is designed to be a no KYC platform. As a result, we are unable to impose a cap on the amount of tokens that a user can purchase during the Token Distribution Phases.
However, we strongly encourage potential buyers to exercise restraint and limit their purchases to a maximum of 5,000 USD worth of tokens in each Token Distribution Phase. By doing so, they will help to ensure that a larger number of people have the opportunity to invest in EdEE Tokens and become a part of the growing EdEE community.
Moreover, a more widespread distribution of tokens will help to raise public awareness of the EdEE ecosystem, encourage more people to embrace the opportunity, and ultimately lead to the success of the whole ecosystem. Therefore, we urge potential buyers to spread the word about EdEE and encourage others to invest in the ecosystem instead of investing a large capital. By working together, we can build a strong and vibrant community and pave the way to our mutual and bright vision, "the DApptopia".
What is the reason for EdEE Token Distribution to occur in eight different phases?
The EdEE team has designed the token distribution process in a manner that fosters a trustworthy community. The distribution phases align with the release of our first five decentralized applications (DApps). The amount of tokens distributed in each phase will be announced accordingly, but the number of distributed tokens will increase with the release of subsequent DApps. This approach helps build investor trust and reduces risks, as the team delivers on their promises and creates more real use cases for the EdEE utility token with each new DApp release.
Therefore, for example, the fifth and sixth token distribution phases will offer increased trust and lower risks for investors, as they will occur subsequently after the release of the third and fourth DApps (Yes, two DApps will be released at the same time). The seventh and eighth phase (final phase) of token distribution will be following the release of our fifth DApp.
What happens if a low percentage of EdEE tokens are purchased during the token distribution phases?
In the event that only a small percentage of EdEE tokens are purchased during any of the four token distribution phases, the unsold tokens will be burned, which means they will be removed from circulation. This approach is aimed at preventing the developers from holding anything more than 9% of the tokens and reducing their future impact on the token price. Additionally, the token distribution model is designed to incentivize early adopters and reward those who believe in the project from the start. This approach aims to attract investors who share the team's vision for the project and believe in its long-term potential.
As an investor in EdEE, how can I be assured that the Devs will not engage in rug-pulling by dumping all their tokens at once?
As an investor, you may be concerned about the possibility of rug pulling, which occurs when the Dev team of a project, owning a significant share of a token, suddenly sells most or all of their tokens at once, leading to a significant drop in token price and leaving investors with worthless tokens. At EdEE, we have taken several measures to prevent rug pulling, including:
1- Limiting EdEE Devs' wallet to only 9% of the total circulating supply of tokens. This means that even if they were to sell all their tokens at once, the impact on the token price would be limited to 9%.
2- Locking the Devs' wallet for one year after the EdEE token contract deployment.
3- Verifying and publishing the EdEE token contract on Etherscan, making it accessible for technical checks by anyone.
4- Not having a liquidity pool for EdEE tokens, which eliminates the possibility of rug pulling. (This may concern you on how to cash out your tokens, read the answer here (jump to FAQ no. 12))
5- As the user base of EdEE DApps grows, the demand for the EdEE token is expected to increase, similar to what is happening with Chainlink Token (Link) where you can not use Chainlink services without Link Token, making it unlikely for the EdEE team to sell their tokens at cheap prices.
6- Most importantly, with the real products that EdEE is offering, the Devs have a steady stream of income from DApps' fees, making it unnecessary for them to sell their tokens to pay their bills.
What is the estimated final circulation supply for the EdEE token, and how is it calculated?
The final circulation supply of the EdEE token can be calculated using a formula that takes into account several factors. These include the number of tokens held in the developer's wallet, the tokens distributed through airdrops and rewards, and the tokens sold during the "Token Distribution" phases.
For instance, suppose only 50% of the tokens released during the eight Token Distribution phases are sold. In that case, 300 million tokens will be added to the circulation supply, and an equal amount will be burned. If all airdrop and reward tokens are distributed, the final circulation supply would be calculated as follows:
Circulation supply = 300,000,000 + 300,000,000 + 100,000,000 = 700,000,000 tokens
Additionally, the total supply of the EdEE token in this scenario would be the sum of the circulation supply and the bridge wallet supply, which equals:
Total supply = 700,000,000 + 400,000,000 = 1,100,000,000 tokens.
It's important to note that the final circulation supply may be subject to change based on various factors, such as changes in demand or modifications to the tokenomics of the EdEE token. We will try our best to provide live statistics of EdEE token on
https://www.edee.org.
You may also want to read the "Token Distribution System" and "Total-Supply and Circulation-Supply Formula" sections of the white paper for more understanding of this subject.
Can you provide a more detailed explanation of how the Circulation Supply of the EdEE token is calculated, as I am still unclear on the process?
Certainly! The Circulation Supply of the EdEE token is calculated by taking into account several factors, as follows:
Firstly, the number of tokens held in the developer's wallet at the beginning of the token launch is included in the Circulation Supply calculation. This amount is 100,000,000 tokens.
Secondly, any tokens that are allocated to users through airdrops and rewards are added to the Circulation Supply. For example, if 1,000,000 tokens are airdropped to the community, 1,000,000 tokens will be added to the Circulation Supply.
Thirdly, tokens that are sold during the eight token Distribution phases are included in the Circulation Supply calculation. The exact amount will be determined once all eight phases are completed.
Lastly, the Bridge wallet supply, which is initially set at 400,000,000 tokens, is also considered in the calculation. This amount may fluctuate due to the "Bridge wallet supply-demand mechanism" that is in place.
By adding all these amounts together, we can determine the final Circulation Supply of the EdEE token.
What does it mean that the EdEE token will not have positive or negative inflation?
EdEE tokens operate on a fixed supply model, which means that the total supply of EdEE tokens will be determined after the fourth token distribution phase based on the number of sold tokens, and there will be no additional minting or burning of tokens beyond that point. This model ensures that the value of EdEE tokens is determined by natural market demand, without the influence of artificial inflation or deflation.
Unlike other inflationary models where the supply of tokens can increase or decrease over time, the fixed supply model of EdEE tokens guarantees stability for investors and users, with the value of tokens determined by the laws of supply and demand. As the demand for EdEE tokens increases, driven by the growth and adoption of DApps in the EdEE ecosystem, the limited supply of tokens can lead to increased value over time.
At EdEE, we believe that a fixed supply model, coupled with increasing demand, can provide a natural and healthy market for our community, with transparent and predictable pricing that reflects the true value of our platform. This approach ensures that investors and users can make informed decisions about their holdings and transactions on the EdEE platform, without the fear of artificial manipulation or inflation.
Is it possible for EdEE token holders to burn their own tokens?
No, as there is no Dead Wallet or Burn Wallet designated for the EdEE token, it is not possible for EdEE token holders to burn their tokens.
How will the capital raised from the token sales be utilized in your blockchain business?
The capital raised from the token sales will be utilized to cover several key expenses, most of which are critical for the growth and success of our EdEE ecosystem.
Firstly, a portion of the raised capital will be allocated towards repaying developers and initial private investors who have contributed to the development and launch of EdEE DApps. Secondly, an adequate portion of the capital will be dedicated towards the development of future DApps, DApps that are going to be released based on community's selected ideas after EdEE's 5th DApp, and tools that will enhance the functionality and capabilities of EdEE platform such as the Bridge Wallet Supply-Demand Mechanism. Thirdly, we will allocate resources towards providing ongoing support to users of our released DApps, including debugging and releasing necessary updates. Finally, a considerable amount of the raised capital will be dedicated to marketing activities aimed at raising public awareness about the innovative solutions and opportunities that EdEE DApps offer.