What is Edgeless (EDG)?
Future of EDG Cryptocurrency and know how to buy EDG

#1 - Edgeless: The Basics

What is Edgeless / What is an EDG?

The Edgeless coin is an utility token used for playing the Edgeless casino games. It is an Ethereum based token and follows the ERC20 protocol. The token guarantees absolute transparency while playing casino games, and is essentially Ethereum’s smart contract based next generational casino.

EDG Development

The development team of Edgeless is the right mixture of gamblers, developers and experts in smart contracts. This is one of the reasons why Edgeless is becoming such a huge success! The main members of this project are-

  • Tomas Draksas

He is a professional gambler and poker player. He is one of the co-founders in the project.

  • Tomas Lukosaitis

Another co-founder, he looks after the business and operations of Edgeless project.

  • Ignas Mangevicius

He is the developer of blockchain based systems and works as a co-founder for Edgeless.

 

#2 - What are the Benefits of Edgeless?

Technology

Edgeless is a one of a kind project which solves two problems that online casinos regularly face - house edge and lack of transparency. House edge is the term used for describing the mathematical advantage the game gets over you with time - with things like fees and other charges that online . Transparency of course, refers to the general lack of trust users have in casinos owing to their opaque functioning.

To overcome these two problems, Edgeless presents a new business model to implement online casinos:

  1. Edgeless provides 0% edge while playing online - with near-zero fees and withdrawal limits, it ultimately results in 0% house edge.
  2. In order to maintain 100% transparency, Edgeless is making use of Ethereum smart contracts. The payouts and random numbers are ruled by these smart contracts which are totally public on the Ethereum blockchain. The players can view every minute detail happening in the game like bets, sums, mechanism of randomness and the reason why the transactions are moving.

Corporate Usage

  • Bankroll Staking

Bankroll staking a feature designed to make sure that there is enough liquidity for playing the casino. In order to pay, you need to deposit EDG tokens in smart contracts. These are then used for funding the casino operations. This feature is currently under testing phase.

 

#3 - How to Buy and Store Edgeless?

How to buy Edgeless

Edgeless os available for trading only on few cryptocurrency exchanges which are listed below:

  1. Bittrex
  2. Changelly
  3. Livecoin
  4. HitBTC
  5. UpBit
  6. Tidex
  7. Bancor Network

EDGE is available for purchase against other cryptocurrencies like Bitcoin, Ethereum, USD and Waves. The procedure for buying or selling an EDG token is very simple! If you want to sell or buy EDG tokens at the best price, visit CoinSwitch, the largest cryptocurrency conversion platform. CoinSwitch provides users with a real time comparison of the token prices at multiple cryptocurrency exchanges. You can then compare and take the best one!

Buying Edgeless on CoinSwitch

EDG is a ERC20 token. So, an ideal way to store your Edgeless cryptocurrency is an Ethereum based wallet, since that’ll function as an Edgeless wallet too. Following are some other options to store your EDG coin securely.

  1. Coinomi
  2. Jaxx
  3. Ledger Nano S
  4. Trezor

 

#4 - What is the future of Edgeless?

Trends so far

With the market capitalization of approximately $31 million USD, the Edgeless coin ranks 211 in the cryptocurrency rankings as of June 2018. Though it is not in the top 100 cryptocurrencies as of now, it remains an interesting project. By the end of ICO of Edgeless, it had raised around $2.5 million USD. With a total supply of  132,046,997 EDG tokens, 87,587,036 EDG tokens are currently in circulation.

Also Read: Complete Analysis of Edgeless | Live Edgeless (EDG) Price Charts And Predictions

Price History

In March 2017, the ICO for the EDG coin took place, with a rate of 1000 EDG tokens being sold for 1 ETH. Currently, it is priced at $0.36 USD.

Date

Open*

High

Low

Close**

Volume

Market Cap

Jun 01, 2018

0.543668

0.550663

0.527431

0.533443

776,561

47,618,200

May 01, 2018

0.686415

0.687755

0.634688

0.686590

2,543,690

56,317,800

Apr 01, 2018

0.505570

0.512324

0.441253

0.481143

934,697

41,480,200

Mar 01, 2018

0.871821

0.949717

0.851598

0.926864

927,055

71,529,600

Feb 01, 2018

1.11

1.17

0.900657

0.939059

3,315,670

91,368,100

Jan 01, 2018

2.24

2.46

2.11

2.31

10,031,000

183,686,000

Dec 01, 2017

0.727425

0.876899

0.693889

0.876899

1,794,970

59,682,600

Future Trends

  1. Edgeless is an unique project and has a lot of scope for development. It has huge potential and has opened up a new field. In 2016, the gambling industry was worth around $56 billion and is expected to grow even further.
  2. Even with such huge capital, problems like non-transparency continue to plague the industry. This is where Edgeless has bought in a twist!
  3. Solving problems like non-transparency and house edge, it is setting new goals for the gambling industry. Edgeless has integrated blockchain tech with the gambling industry and given it a totally new face.
  4. The Edgeless token is expected to grow even further and achieve a market capitalization of $56 million USD by the end of 2019.

 

#5 - How is Edgeless different from other cryptocurrencies?

  • Access to gambling market

With Edgeless, users will have access to an online gambling market which is completely transparent and fairer to them than the opaque systems they’ve been dealing with so far. It’s the coin for the casino economy and isn’t really competing with any of the other coins focusing on the exchange of monetary value.

  • Secure partnership with exchanges

Edgeless is a unique cryptocurrency with secure partnerships with all popular exchanges. You will be able to buy and sell EDG tokens with utmost safety.

 

#6 - Should you Invest in Edgeless?

Edgeless is focused on bringing a major change to the gambling industry. With a successful ICO that raised around $2.5 million, EDG tokens have decent potential and seem to be attractive to investors

EDG is bringing transparency to the casino game as well, which has traditionally been a major problem in online casinos. Also, one of its use cases-bankroll staking is still under development. Once it is developed, expect it to add to Edgeless’ popularity and success. New technologies like cryptocurrencies have always been revolutionary and so is the case with Edgeless.

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