EDAC (EDAC)

EDAC (EDAC) is a tokenization of mining power that allows token holders to participate in the security of Proof-of-Work (PoW) blockchain networks. By holding EDAC tokens, users can directly benefit from the block rewards generated in the mining process. The token is blockchain-agnostic and can be used on various blockchain networks.

EDAC works as follows: EDAC tokens are sold and used to purchase hashrate power through rigs, which generates mining rewards. Approximately 50% of all ETH rewards are used to buy back EDAC coins immediately burnt. This constant demand and decreasing supply are expected to drive the price of EDAC higher. Once an All-Time High (ATH) is reached, up to 0.5% of the token supply can be sold to acquire new mining capacity, forming a virtuous circle of returns.

EDAC offers several advantages to its token holders. Firstly, the token creates constant demand through the rewards generated from mining activities and incorporates an automatic burning mechanism to reduce the circulating supply. Additionally, the decreasing supply, coupled with the constant demand, is expected to drive an upward trend in the price of EDAC. Furthermore, 1% of the trading volume is automatically redistributed among the holders as a transaction fee. EDAC has a roadmap that includes various milestones, such as the launch of the token, audits, the start of mining operations, listings on major exchanges, and the development of a dedicated app for tracking the mining process.