South Korea, August 31, 2023—ProBit Global is excited to announce that Edelcoin (EDLC), a novel stablecoin token backed by a basket of pre-existing precious and base metals, will be listed on its exchange. This unique hybrid token is designed as a Swiss-compliant digital means of payment for goods and services, with its meticulously curated basket structured to be less volatile than single asset-backed tokens. By being detached from inflationary fiat currencies and independent of monetary policies, Edelcoin aims to provide its holders with unmatched stability and a low-volatility store of value.
Ushering in a new era of stablecoins
As a payment/asset token decoupled from monetary policies and debt currencies, Edelcoin serves as an effective hedge against inflation. Unlike inflationary fiat currencies, Edelcoin is backed by real-world assets and is not influenced by fiat money. Historical evidence demonstrates that real-world assets often exhibit a negative correlation to inflation, making Edelcoin a reliable option to safeguard against inflationary pressures.
Built on advanced blockchain technology, Edelcoin offers a decentralized platform resistant to censorship and provides unparalleled transparency. To further enhance its stability, each Edelcoin is backed by an over-collateralization of pre-existing metals. This means that each coin possesses a surplus reserve of backing metals, totaling 125% of the actual metal reserves. The reserves undergo regular independent verification, evaluation, and disclosure, ensuring transparency and accountability.
To ensure broad accessibility, compatibility, and interoperability, the Edelcoin token will initially be issued as an ERC-20 token on the Ethereum blockchain on the primary market, with plans for expansion to additional EVM-compatible chains. The EDLC team is committed to collaborating with Edelcoin holders to further expand the availability and trading options for Edelcoin by exploring these additional EVM-compatible chains. The goal is to ensure that Edelcoin holders can seamlessly transfer and trade their tokens across various blockchain networks, maximizing flexibility and market reach.
Edelcoin presents an opportunity to enhance portfolio diversification by allocating to a distinct asset class. A well-structured investment portfolio requires a balanced distribution across different asset classes, each with its own return profiles and correlations. Edelcoin serves as an effective tool to hedge market risks and reduce portfolio volatility.
In addition, Edelcoin holders can actively engage with their tokens within the Edelverse and take advantage of various services, such as the lending protocol, liquidity pools, and opportunities at partner boutiques to purchase with EDLC real gold and or silver coins.
An exciting addition to the ProBit Global stable
Starting from today, users can trade Edelcoin (EDLC) on ProBit Global. The available trading pair will be EDLC/USDT. As a Top 20 centralized exchange (CEX), ProBit Global provides a user-friendly trading experience with robust security measures. The inclusion of Edelcoin on ProBit Global is a testament to the coin’s potential and the confidence the exchange has in its future. The listing will be accompanied by exciting marketing events, the first being Learn & Earn, an opportunity for ProBit Global users to get to grips with the project while earning free tokens through an interactive quiz. Other planned events include an airdrop and trading competition, giving users yet another chance to claim free EDLC tokens. Currently underway is a Buy/Deposit event, with 4,000 EDLC set aside for the top 40 participants who record the highest net purchase and net deposit volume of EDLC within the event duration.
“We are delighted to be listed on ProBit Global,” said Andreas Wiebe, CEO of Edelcoin. “This listing will provide our community with a reliable and secure platform for trading EDLC. We are confident that this partnership will contribute significantly to our growth and expansion.”
Edelcoin stands out as a truly unique offering, delivering a compelling value proposition to its users. This innovative project has gained traction in the crypto community due to its innovative technology, robust security features, and transparent operations. The listing on ProBit Global will provide Edelcoin with a broader platform to reach a global audience and will offer crypto enthusiasts an opportunity to participate in the growth of this exciting digital asset.
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Founded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.
With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.
To learn more, visit probit.com.
For more information, please visit edelcoin.com.
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