Token
Last updated
Last updated
1. EDUM Token Overview
EDUM is an Ethereum-based ERC-20 token that serves as both a governance and listing token. Additionally, the Polygon-based Layer 2 multi-chain token will be utilized as a utility token in various use cases, such as Study to Earn (S2E) rewards and NFT purchases. To ensure interoperability between the Ethereum and Polygon networks, token network transitions can be made via a bridge.
Ethereum Contract Address : https://etherscan.io/token/0xac9518ba93eeb2336a03137d254d8cc2e4d0fa38
Polygon Contract Address : https://polygonscan.com/token/0x8bed972bc5ff0ab8290461cd01f8b58f39fa312f
Polygon PoS Bridge (for Network Transition) : https://portal.polygon.technology
2. EDUM / EDUMP
The EDUM token consists of two forms: the fixed-value token called EDUMP and the market-fluctuating token known as EDUM.
All participants in the EDUM ecosystem can acquire EDUMP based on their engagement and contributions to the platform. The obtained EDUMP can be used for purchasing item NFTs, course NFTs, physical products, and more within the platform.
The acquired EDUMP can also be exchanged for EDUM through the platform's SWAP system. This SWAP system encourages active participation from ecosystem participants and facilitates a natural and sustainable cycle in the token economy.
1. EDUM
EDUM is developed based on the Ethereum ERC-20 standard and is a utility token that allows trading between users and on external exchanges. It has a fixed supply and its value is determined by the market. As the EDUM ecosystem becomes more active, its value may fluctuate, making it a powerful element for the participation and activities of ecosystem participants.
Acquisition of EDUM
Exchange and acquisition of EDUM using held EDUMP
Acquisition through external cryptocurrency exchanges
Acquisition through platform airdrops, events, etc
Utilization of EDUM
EDUM ecosystem entrance fee for companies: Educational companies entering the EDUM ecosystem are required to pay a fee, which can be done by purchasing EDUM from external cryptocurrency exchanges.
Cash out on external cryptocurrency exchanges.
Acquisition of EDUMP: To use the EDUMP SHOP within the ecosystem, it is necessary to possess the ecosystem's base currency, EDUMP. If there is a shortage of EDUMP, it can be acquired by using EDUM.
DAO Voting
2. EDUMP
EDUMP is a payment method within the Edum platform that can be used to access lectures, NFTs, stores, and services. It serves as a measure of contribution to the Edum platform and is an important tool for the platform's activation and circularity. To ensure exchange value, 1 EDUMP is pegged to 1 Korean won (1 EDUMP = 1 KRW), serving as a fixed-value point. If there is a shortage of EDUMP, it can be purchased with EDUM on external exchanges for exchange purposes.
Acquiring of EDUMP
S2E: Obtain through Edum's learning activities (App, Web, Headsets, etc.)
B2B: Partner mileage can be exchanged/acquired as EDUMP through the SWAP system
EDUM Exchange: Exchange/acquire EDUMP through the platform's SWAP system
Obtain through platform events and promotions
Utilization of EDUMP
Contents: Used for purchasing digital content within the Edum platform, such as lectures, brainwave data, etc
NFTs: Used for item NFTs, content NFTs, minting, P2P trades, and more
Physical Products: Used for purchasing headsets, educational devices, study materials, and more
EDUM Exchange: Used for exchanging to EDUM through the platform's SWAP system
The initial source and demand for EDUM tokens are as follows. As the business advances, partnerships, and content increase, more diverse suppliers and demand sources will be added.
Edum presents various methods to ensure the organic circulation of tokens and the continuous increase in token value. These methods include securing ongoing buying pressure, expanding token utility, controlling token supply, and implementing robust Lock-up policies.
1. Ongoing Buying Pressure
EDUM's leading token image in education provides good and stable brand value on its own, enabling business alliances with a number of service providers and training companies, and the resulting expansion of the ecosystem is expected to serve as a strong token buyer on the exchange.
Edum products cannot be purchased with Fiat (Cash) and can only be bought with tokens. Therefore, to purchase a specific Edum product, a certain amount of tokens is required. If the tokens obtained through the use of Edum services are insufficient, they can be purchased on exchanges to complete the purchase.
2. Increasing Demand and Managing Sell Volume
EDUM ecosystem provides attractive use cases that can only be purchased within the ecosystem, such as physical product EDU DEVICE, consulting NFT with admission experts for students (guardians), specialized instructor NFT, and mentor NFT for successful job placement. These use cases encourage internal consumption of tokens acquired through Edum services, minimizing the sell volume that goes to external exchanges.
3. Token Supply Management
Token Inflation Rate is directly related to the token's circulation, making precise token simulation and robust lock-up policies crucial. The higher the inflation rate of tokens, the diluted value of tokens will continue to fall and adversely affect services. To minimize these problems, Edum plans to carry out its business by adjusting the token inflation rate to a stable rate through deflation token mix policies such as incineration of unused supplies.
4. Conservative Lock-up Policy
We will implement a conservative lock-up policy, which is the strongest and most conservative compared to other projects, taking every effort to enhance the token value. Additionally, we will disclose the lock-up criteria and quantities for public companies, communities, and other entities, and transparently disclose the details in the event of token transfers exceeding a certain quantity.
Name : EDUM Symbol : EDUM Type : ERC 20 / POLYGON Total Issuance : 900,000,000 EDUM Smallest Unit: 1 x 10-18 EDUM
