Hello, we are the EDRA team, the creators of a real cryptocurrency that will be used in the real economy. We are here with information on EDRA and on cryptocurrencies that you may find useful. Currently, EDRA is preparing for its ICO. Before we get into EDRA’s ICO, we want to explain what ICOs are to those who may not know what they are. First, we will explain what ICOs are, and then we will tell you about EDRA’s ICO.

Some of you may be familiar with IPOs in the stock market. An ICO, which is sometimes called a token crowd sale or a token generation event, is similar to an IPO. In other words, cryptocurrency projects like EDRA develop a coin, receive investments from investors in order to expand their ecosystem and business objectives, and pay the investors with their own coin or token. Vitalik Buterin, the founder of Ethereum, developed the smart contract, which automatically executes a deal when certain terms are met. ICOs are able to make use of this smart contract feature, and for this reason, many ICOs use Ethereum. How this works is investors send Ethereum to a certain address, and in return, they are sent tokens. In EDRA’s ICO, however, EDRA will receive Ethereum, but because EDRA has its own blockchain, investors receive EDRA coins.

Ethereum itself is a cryptocurrency that held a very successful ICO, and the current ICO trend has given rise to numerous ICO projects raising funds through these crowd sales. ICOs do offer the possibility of high rewards for investors, but they are simultaneously risky. Therefore, it is of utmost importance that you do your research about the coin you intend to buy and the team behind the coin.

As I told you earlier, EDRA is preparing for its ICO. You are probably curious about the details of EDRA’s ICO, so here we are to tell you.

The image above gives you an idea of the distribution of EDRA’s coins. We have 30% allocated for the private sale, 25% reserved for partners, 10% given to advisors, 15% held by founders, and 20% sold during the ICO. The exchange rate for EDRA coins in terms of Ethereum will be released soon, so stay tuned for more information! We will update you as soon as we can.

EDRA plans to invest most of its funds from the ICO into shaping EDRA’s ecosystem. EDRA’s ecosystem is the most crucial part of the project. Building a safe ecosystem with mobile mining and the participation of various businesses requires much time and capital, and we assure you that we will use the funds transparently and wisely.

Again, we assure you that we will let you in on the ICO date once it is set in stone. In the meantime, check out our website and our telegram!