Edgeless Coin: A Blockchain Platform for Fair and Transparent Gambling
Edgeless Coin (EDG) is the native currency of Edgeless, a blockchain platform that enables provably fair and transparent gambling. Edgeless’s main features include a smart contract-based casino, a staking system, and a loyalty program. In this post, we will explore the features, trends, updates, analysis, and outlook of this coin.
Coin Introduction and Features
Edgeless Coin is a utility and governance coin that powers the Edgeless platform. It is used for various purposes, such as:
- Playing casino games on the platform, such as blackjack, roulette, slots, and poker, using a random number generator that is verifiable on the blockchain.
- Staking for network security and rewards, using a token economy that incentivizes coin holders to lock their coins and receive a share of the platform’s profits.
- Voting for network governance and development, using a democratic system that allows coin holders to influence the direction and future of the platform.
Market Analysis and Trends
According to CoinGecko1, Edgeless Coin has a market capitalization of about $0.4 million and a circulating supply of about 120 million coins. The coin has experienced a downward trend in the past year, reaching a high of $0.02 in April 2023 and a low of $0.003 in February 2024. As of March 2024, the coin is trading at around $0.003, down by 24.92% in the last 24 hours.
The price movements of Edgeless Coin are influenced by several factors, such as:
- The demand and adoption of the Edgeless platform and its games, especially the casino and the staking system.
- The competition and innovation in the blockchain and gambling space, such as FunFair, DAOBet, and WINk.
- The regulatory and legal environment regarding gambling and cryptocurrency, which may vary by jurisdiction and pose challenges and risks for the platform and its users.
- The overall sentiment and trend of the crypto market and the global economy.
Project Updates
The Edgeless project is constantly developing and improving its platform and games. Some of the recent updates and announcements include:
- The release of Edgeless 2.0, which introduces several enhancements and bug fixes, such as improved user interface, faster loading, and better security2.
- The launch of Edgeless Slots, a new game that offers a variety of themes, features, and jackpots, using a provably fair algorithm.
- The integration of Chainlink, a decentralized oracle network that provides reliable and secure data feeds, into the Edgeless platform.
- The announcement of Edgeless Academy, a comprehensive educational resource that covers various aspects of the Edgeless platform, such as tutorials, guides, and FAQs.
Analysis and Recommendations for Investments
Based on our investment analysis of Edgeless Coin, we can conclude that:
- Edgeless Coin has a strong value proposition as a utility and governance coin that enables provably fair and transparent gambling on the blockchain.
- Edgeless Coin has a loyal and active community that supports the vision and mission of the platform.
- Edgeless Coin has a low market capitalization and a high potential for growth, given the increasing demand and interest in gambling, blockchain, and cryptocurrency.
- Edgeless Coin faces some challenges and risks, such as technical complexity, regulatory uncertainty, and market volatility.
Therefore, we recommend Edgeless Coin to investors who are looking for a long-term investment opportunity in the blockchain and gambling space. We believe that Edgeless Coin has the potential to become a leading platform for fair and transparent gambling and a valuable asset for gambling enthusiasts.
Outlook and Community Response
The short-term and long-term prospects for Edgeless Coin are positive and promising. In the short term, we expect Edgeless Coin to benefit from the following factors:
- The increasing adoption and usage of the Edgeless platform and its games, especially the casino and the staking system, which will generate more demand and value for the coin.
- The continuous development and improvement of the Edgeless platform and its games, which will enhance the functionality and performance of the coin.
- The growing awareness and education of the Edgeless platform and its benefits, which will attract more users and investors to the coin.
In the long term, we anticipate Edgeless Coin to achieve the following goals:
- The establishment of a digital economy that enables fair and transparent gambling, without intermediaries, fees, or manipulation.
- The compatibility and interoperability with a wide range of cryptocurrencies, aiming to make its benefits accessible to as many people as possible.
- The innovation and leadership in the blockchain and gambling space, setting the standards and trends for the industry.
The community response to Edgeless Coin is generally positive and supportive. The community members are active and engaged in various platforms, such as Twitter, Reddit, Facebook, and Telegram. They express their opinions and feedback, share their experiences and stories, and participate in the governance and development of the platform. The community also welcomes new users and investors, providing them with helpful information and resources.
Conclusion
Edgeless Coin is a blockchain platform for fair and transparent gambling. It offers a smart contract-based casino, a staking system, and a loyalty program. It uses a utility and governance coin to enable provably fair and transparent gambling on the blockchain. It has a low market capitalization and a high potential for growth, given the increasing demand and interest in gambling, blockchain, and cryptocurrency. It has a loyal and active community that supports the vision and mission of the platform. It faces some challenges and risks, such as technical complexity, regulatory uncertainty, and market volatility. It has a positive and promising outlook, both in the short term and the long term. We recommend Edgeless Coin to investors who are looking for a long-term investment opportunity in the blockchain and gambling space.