EDLC
Edelcoin
$2.9990
0.00%
Edelcoin
EDLC
$2.9990
0.00%
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Edelcoin Information
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About Edelcoin
Edelcoin (EDLC) is a stablecoin backed by a basket of high-value industrial and precious metals, providing a secure and inflation-resistant digital currency option. It is designed for use in trading, as an investment vehicle, and within DeFi applications, with the added feature of redeemability for the underlying physical assets. The project is developed and managed by Edelcoin AG, a Swiss company, and follows stringent regulatory standards to ensure transparency and security.
Edelcoin (EDLC) is a stablecoin designed to offer enhanced stability and transparency within the cryptocurrency market by being backed by a basket of valuable and industrial metals. Unlike other stablecoins that are typically pegged to fiat currencies, Edelcoin is supported by physical commodities, including high-purity copper isotopes, nickel wire, and the rare earth metal caesium-133. The total value of the backing metals exceeds the value of the issued coins, providing a 25% over-collateralisation, thereby ensuring robust security and stability. The stablecoin is issued by Edelcoin AG, a Swiss-based company, and is intended to provide a reliable digital currency option that avoids the volatility and risks associated with fiat-backed and algorithmic stablecoins.
Edelcoin (EDLC) is primarily used as a stable medium of exchange within the cryptocurrency ecosystem. Its use cases include:
- Trading and Transactions: EDLC can be used to trade and settle transactions within the cryptocurrency market, providing a stable and reliable alternative to more volatile digital assets.
- Investment Stability: As a stablecoin backed by physical metals, EDLC offers an investment vehicle that protects against fiat currency inflation and the volatility of other digital assets.
- Collateral in DeFi: The transparency and over-collateralisation of Edelcoin make it a potentially attractive asset for use as collateral in decentralised finance (DeFi) applications.
- Redemption for Physical Metals: Holders of Edelcoin can redeem their tokens for the underlying physical metals, offering a tangible store of value and a hedge against economic uncertainty.
Edelcoin (EDLC) was created by Edelcoin AG, a company based in Switzerland. The leadership team behind the project includes Andreas Wiebe (CEO and Founder), Josef Reichert (Co-Founder), Michel Sharbin (COO), Irina Wiebe (CFO), Alexander Perezhogin (CTO), and Vladimir Toporkov (CMO). The company is focused on leveraging its expertise in IT, fintech, mining, and digital finance to develop and maintain a stablecoin that is transparent, secure, and backed by real-world assets. The project adheres to Swiss regulatory standards, ensuring compliance and integrity in its operations.
