EDV Token
Below is an outline of the EDV Token, its uses, protocols and governance
Last updated
Below is an outline of the EDV Token, its uses, protocols and governance
Last updated
The EDV token is the native digital cryptographically-secured utility token of edverse.
As the native platform currency, EDV plays the role of the settlement medium, staking (for privileges) and utility token within the entire edverse ecosystem. This will be supported by an in-game currency to facilitate operational transactions amongst various stakeholders.
EDV token has a total supply of 1 Billion units.
The following sections cover how to earn and utilize tokens, the overall allocation and drivers of token supply and demand.
Balancing EDV supply and demand
EDV supply: The overall supply of EDV is limited. The factors affecting the token supply in circulation are:
Sale from existing token holders - investors & stakeholders
Balancing act by the platform to increase or decrease supply if required from allocation pool
EDV demand: The demand for token is generated by the following factors:
Investors (retail and institutional) purchasing token (HODLers).
Educators and Promoters purchasing EDV from the market to buy advertising or subscription services from edverse
Learners purchasing token from the market to buy courses from other Educator or content providers
Institutions that pay edverse for its services using EDV (to get a discounted price).
Platform will purchase token from the open market. This will be a percentage of commissions earned by the platform and will go towards reward pool and token burn.
