What is Edgeless (EDG)? Platform Blockchain Ethereum

Bittime - Cryptocurrency has revolutionized various financial sectors, including the gambling industry. One of the leading projects in this space is Edgeless (EDG). This article will take an in-depth look at Edgeless, including its definition, key products and features, EDG token functionality, tokenomics, fundamental analysis, comparison with its competitors, and key takeaways.

What is Edgeless (EDG)?

Edgeless (EDG) is a decentralized gambling platform that runs on the Ethereum blockchain. Its ultimate vision is to provide users with a transparent, fair and completely decentralized gambling experience.

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Edgeless (EDG) Key Products and Features

1. Decentralized Casino: Edgeless provides a variety of traditional casino games, such as blackjack, roulette, and slots, that run entirely on the blockchain to ensure fairness and transparency.
2. Smart Contracts: The platform uses Ethereum smart contracts to automate the gambling process, eliminate the need for third parties, and increase user trust.
3. Superior RTP (Return to Player): Edgeless offers a higher RTP than conventional casinos, giving players greater winning opportunities.

Also Read: What is a Smart Contract?

What is EDG Token?

The EDG token is a utility token used within the Edgeless ecosystem. Functions include:

1. Betting and Payouts: Users can use EDG tokens to place bets in casino games and receive payouts for their winnings.
2. Participation in Governance: EDG token holders have voting rights in decision-making regarding platform development and policy changes.
3. Bonuses and Rewards: Edgeless provides bonuses and rewards to EDG token holders as incentives for their participation and contribution in the ecosystem.

EDG Token Tokenomics 

• Maximum Supply: 150 million EDG tokens.
• Circulating Supply: 132 million EDG tokens.
• Distribution: How EDG tokens are distributed to holders, including initial sale, allocation for development, and incentives for the community.

Also Read: What is Smart Money?

Edgeless Fundamental Analysis  

Edgeless (EDG) fundamental analysis covers several key aspects that influence the value and growth potential of the project. Here are four aspects of fundamental analysis that are usually considered.

1. Technology: Edgeless uses proven secure and reliable Ethereum blockchain technology to run casino games. Smart contracts ensure transparency and fairness in every bet.
2. Team: The Edgeless development team consists of experts in the fields of blockchain technology, finance, and gambling. They have extensive experience in building innovative and safe gambling platforms.
3. Community: The Edgeless community is active in supporting platform development and promoting the use of the EDG token. Community support can be an important factor in increasing platform adoption.

Comparison of Edgeless (EDG) and Competitors

A comparison between Edgeless and its competitors takes into account several key factors such as:

1. Scalability: The platform's ability to handle high transaction volumes without experiencing performance degradation.
2. Fees: The level of fees charged to users for using platform services, including transaction fees and other fees.
3. Security: The platform's level of security against cyber attacks and fraud attempts.
4. Decentralization: The extent to which governance decisions and control of a platform are distributed among users or related parties.

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Conclusion

Edgeless (EDG) promises a transparent, fair and completely decentralized gambling platform. With advanced technology, a focus on security, and strong community support, Edgeless has the potential to become one of the leaders in the blockchain gambling industry. However, a careful evaluation of factors such as scalability, cost, security, and decentralization is necessary to understand Edgeless' positioning against its competitors.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.