EDC Blockchain. Updates and Leasing function.

paulmaulth (42)in #bitcoin • 5 years ago (edited)

Hey, Hey guys.
Want to speak with you about EDC Blockchain again, I already mentioned the project in my blog before but here want to tell you more about its advantages.
To refresh your memory, EDC Blockchain is a company with its own platform and blockchain, you can test it at https://blockchain.mn. They have already working product with fast and secure blockchain, they are listed at CMC and you can trade EDC coin at many exchanges.

First of all, several updates. When I was writing the last article about it (https://steemit.com/bitcoin/@paulmaulth/edc-blockchain-rewiew-1-general-information) there was nothing about any other wallets expect their web wallet (https://wallet.blockchain.mn/) right now, there is a development announcement of new wallet for 5 most popular platforms: Android, IOS, Windows, Linux, and OS X.

So, the team is working hard, this is a piece of good news, another thing, I tried the wallet by myself, the transaction came immediately. According to the website, it takes 0.03 seconds to generate a new block, confirmation time is around 4,1 seconds which is also a really good result.

But the main purpose of the article is to tell you about the leasing function. What is it?
In the wallet on the main page (https://wallet.blockchain.mn/) there is a tab "Leasing" (direct link:https://wallet.blockchain.mn/leasing), there you are able to lease your EDC coins and receive your EDC amount plus leasing fee.

There are 3 types of leasing, two differences in them: return percentage and term of leasing.
Three plans:

3 months plan with 8% commission per month (0.27% per day). That means if you stake 100,000 EDC which equals to 390$ (19th of June, CMC based https://coinmarketcap.com/currencies/edc-blockchain/) in 3 months you will receive 453$, where 93$ is your 3 months leasing income.
6 months plan with 10% commission per month (0.33% per day). You need to stake 100,000 EDC and after a half of year, you will get 160,000 EDC, which equals 625$ (235$ of net profit).
1-year plan with 12% commission per month (0.4% per day). In that plan, you are able to multiply your EDC coins, just imagine it, you lease 100,000 EDC for only a year and after 12 months you will have 220,000 EDC. You put only 390$ in leasing but receive 859$, where 469$ is your net profit.

How does it work?
Simply and clever :)
You lock your coins for the term you chose after that time coins will unlock and you will be able to lease them again everything back.
But that is not over, you know, there is such function in some other projects (some of them are proved scam). In EDC Blockchain they made it literally the best.
You receive you leasing percent EVERY DAY. That means if you lock 100,000 EDC for 12 months (0.4% per day) you will get 400 EDC coins every day. You can do with them whatever you want (trade, use as payment, pay for coin constructing features) it is up to you.
I joined this project only this summer and very sad that didn`t know about it before.