AMA Recap — EDLC x ProBit Global

Speaker: Vladimir Toporkov

EDLC CMO

Speaker: Michel Sharbin

EDLC COO

My name is Vladimir, and I am CMO of Edelcoin.com. I have been in crypto for more than 5 years. I have experience in trading, doing marketing, developing crypto exchanges and creating strategies. At present, we — with team of real professionals — are developing a unique crypto project — our stable payment token, Edelcoin. Our team consists of professionals with many years in background of crypto development.

Hi, I am Michel, the COO of Edelcoin. I am a seasoned legal expert in investment, finance, fintech, crypto and law. I have been working in the finance sector for more than 15 years.

Part 1 — Introduction

• Please provide our audience with an overview of the project, What problems does Edelcoin seek to address? And what have you set out to accomplish?

Edelcoin (EDLC) is a cryptocurrency fully backed by a basket of precious and base metals. In the evolving digital financial landscape, there’s a need for a stable, reliable, and cost-effective alternative to existing payment methods and stablecoins.

Edelcoin seeks to address the volatility of many cryptocurrencies and the inflationary pressures of fiat currencies. The project aims to bridge the gap between the traditional financial world and the decentralized financial world, offering a stable, reliable, and compliant digital payment and store of value instrument.

It is essential to understand that the underlying metals — are pre-existing before the minting, and every token holder becomes the co-owner pro ratio of the basket. This is to be considered as the first revenue stream of the Edelcoin — and the entire Edelverse, as the backing is not invested, as it belongs to the holders of Edelcoin. That’s a major difference to those fiat-mirroring stablecoins out there.

• What is the utility of the EDLC token, and can you tell us about its features?

The primary utility of the EDLC token is to serve as a stable payment coin, potentially inversely correlated to inflationary fiat currencies. Features of the EDLC token include:

Inflation Hedge: As a payment token decoupled from monetary policies and fiat currencies, Edelcoin is an effective hedge against inflation.

Store of Value: Edelcoin’s basket of metals is designed to reduce volatility, offering a stable and secure store of wealth.

Portfolio Diversification: Edelcoin presents an opportunity to diversify portfolios by allocating wealth to a distinct asset class.

Security and Transparency: Edelcoin provides end-to-end security, transparent proof of provenance, and transactions.

• Can you tell us a bit about your tokenomics and project fundamentals?

Each Edelcoin is overcollateralized by pre-existing metals, with an excess reserve of backing metals corresponding to 125% of the actual metals represented by each Edelcoin. This ensures greater security and trust in the coin’s value. The reserve of backing metals is regularly independently verified and disclosed. Edelcoin is issued as an ERC-20 Token on the Ethereum blockchain and will be extended to other EVM-compatible chains.

It is again important to understand that the backing is co-owned by the holders. It is pre-existing the minting. And most importantly, it is not invested. It is securely stored for the only benefit of the holders to co-own the metals. Through the token sale, the first revenue stream of the Edelcoin and the entire Edelverse is processed.

• What is something unique that EDLC is doing which sets you apart?

What sets Edelcoin apart is its backing by a carefully curated blend of precious and base metals, making it a unique stablecoin in the crypto market. This “Wealth of the Earth” backing ensures that Edelcoin is less volatile than single asset-backed tokens and provides a stable or low volatile store of value, detached from inflationary fiat currencies and independent from monetary policies.

EDLC is taking the approach of giving freedom to the user. Fiat mirroring stable coins mirrors the entire aspects of the fiat, and also the psychology behind that all of us had been left with no choice to use fiat or not. EDLC gives you peace of mind with commodities and the freedom to choose which means of payment for goods and services fits your needs better.

• What does the roadmap look like for EDLC? What are your major goals for 2023 and beyond?

In 2023, Edelcoin has outlined several key milestones:

Q1: Design the Edelverse ecosystem with partners, products, and services and commence technical development.

Q3: Token sale launch on the primary market and commencement of token trading on the secondary market by token holders.

Q4: Continued development of the Edelverse.

Post-launch: To continue the expansion and adoption of Edelcoin, enhancing its features, partnerships, and integrations in the crypto and financial ecosystems.

Part 2 — Twitter Questions

• Question 1 comes from Astro (@ / Kcarlastro):

All the goals of your project are absolutely great, But one of the main factors users are looking for in a crypto project is the use cases of the token? So what are the Use cases of the token in @Edelcoin1? What are your plans to increase the adoption of the token?

Thank you for recognizing the potential of Edelcoin. The primary use cases for the Edelcoin token are per its classification; Edelcoin is an asset-backed payment token to be used as a means of payment for goods and services. Also includes decentralized finance (DeFi) lending and borrowing, staking for rewards, and as a medium of exchange within our partner ecosystem. To increase adoption, we’re focusing on partnerships, integrating with popular e-commerce platforms DeFi platforms, and launching a series of educational campaigns to raise awareness about the benefits of using Edelcoin.

• Question 2 is from Yeasmin Akter (@ / Yeasmin22172924):

What are your top priorities in 2023? Could you share some plans for the upcoming year? Without proper marketing and capital infusion, a project dies, how do you convince us you have adequate marketing power and capital to push this project to the top?

First of all, what is essential to understand is that the backing, which is not invested compared to major competitors, is pre-existing before the minting of the token. After the sale of the token, the very first revenue stream of Edelcoin is happening. In 2023, our primary focus is innovation, community engagement, and sustainability. We’re unveiling cutting-edge solutions, hosting community events, and forging strategic partnerships for long-term growth. Financially, we’ve partnered with top-tier marketing agencies, ensuring we have the resources and strategy to elevate our project in the market. Our commitment to excellence and community ensures we’re poised for significant growth and impact.

• Question 3 comes from Branzzz (@ / ElonBranz) who asks:

Inflation hedge is one of Edelcoin’s touted benefits. Could you provide a hypothetical scenario or analysis showing how Edelcoin’s value might react during a period of high inflation, and how it can serve as a protective asset for investors?

Yes, EDLC’s core benefit is to hedge against inflation. It is well recognized in the TradFi market that a cure to inflation is commodities. In a hypothetical scenario where traditional fiat currencies face high inflation, the purchasing power of those currencies diminishes. Assets like Edelcoin, with a capped supply and deflationary mechanisms, can act as a store of value. As more people seek to protect their wealth from inflation, the demand for such assets increases, potentially driving up the value of Edelcoin. Thus, holding Edelcoin can serve as a hedge against the eroding effects of inflation of fiat, preserving the wealth of its holders.

• Question 4 comes from ERUL (@ / Erul1123) asks:

We’re currently in a bear market. So can you give me some good reasons why I should buy your tokens in this market situation? And also why should your token holder continue to hold $EDLC?

Bear markets offer opportunities to participate in projects with strong fundamentals. Edelcoin has a robust ecosystem, a clear roadmap, and a dedicated team. Holding EDLC provides, on the one hand, peace of mind about the stability of the token, compared to other cryptocurrencies and or fiat, and also the potential price appreciation over time. We believe in our project’s long-term vision, and we’re making continuous efforts to add value to our token and community.

• Question 5 comes from DRAIN (@ / Drain_ambrose):

Can you assure us that this won’t be one of those projects that EDLC out, do a lot of marketing, sell their tokens & just disappear or underperform? How secure & safe is your smart contract from vulnerabilities & bugs that even the developers can’t exploit it?

We’re committed to the long-term success of Edelcoin. Our smart contract has undergone rigorous audits by Certik, ensuring it’s free from vulnerabilities. We’ve implemented several security policies and governance to ensure that our standards for technical and organizational measures go beyond the legal requirements and the market standard. Our transparency and dedication to security set us apart.

Part 3 — Live Quiz

• Question 1: What makes Edelcoin unique?

Edelcoin stands out as a unique cryptocurrency because it is backed by real-world assets, making it a stable payment coin potentially inversely correlated to inflationary fiat currencies.

• Question 2: How does Edelcoin ensure stability?

Unlike single commodities that can be volatile, Edelcoin’s basket of metals is designed to reduce volatility, offering a stable and secure store of wealth.

• Question 3: What is the vision of Edelcoin?

Edelcoin aims to utilize the “Wealth of the Earth” sustainably, leveraging blockchain technology to bridge the gap between traditional and decentralized finance, enhancing security and trust in the market.

• Question 4: What is the percentage of pre-existing metals that Edelcoin is overcollateralized by?

125%

• Question 5: What is the name of the Edelcoin ecosystem, and what is one of the services that it offers to users?

It is call the Edelverse and includes opportunities like lending protocols and liquidity pool contributions. It will introduce Edelverse Academy, where anyone can learn about crypto, stablecoins, Edelcoin, and other services.

Part 4 — Open Question Round

Introducing our open question round! We will open the chat up for a limited time so that participants can ask questions, and the project host will pick a total of 5 questions from the chat. The project host will answer the chosen questions, and users whose questions have been answered will win rewards (1 user can only win once).

• Question 1: Revenue is an important aspect for all projects to survive and sustain. So how does your project plan to generate profit and revenue? (https://t.me/MelvaSawyer)

As the backing is pre-existing the minting, [not like the fiat mirroring tokens who also invest the backing] and not invested at all, the sale of EDLC is basically the first revenue stream …

• Question 2: Can you list 1–3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about? (https://t.me/emily_ferrara_2003)

First is our backing by a basket of metals. Second is its overcollateralization and unique services for our users.

• Question 3: Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project? (https://t.me/Reynaboland95)

Of course. Our product is global and it will be launched across the World. We will launch it in German, Spanish and other languages.

• Question 4: Can you briefly describe your PARTNERSHIP so far and upcoming partnerships? (https://t.me/overstreet_2002)

The main use of any stable coin is its use across the crypto world. Our partnership include payment providers, payment solutions, lending and borrowing, rewards, salary payments.

• Question 5: How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term? (https://t.me/lackmanac)

The price of our token is pegged by a basket. If the price of basket grow, price of our token grows as well. Our token is a stable payment token, so its price remain stable toward the basket.

And that brings to a close our AMA! Thanks to everyone who participated to make this event a success! Thank you, especially, to the EDLC team for the great AMA session! We are pretty sure our community now know better about the EDLC project & team!

Check out our EDLC Buy/Deposit event: https://www.probit.com/en-us/hc/1000000202554