Hello, we are the EDRA team, the team behind a real cryptocurrency that will be used in the real economy. Today, we will be taking a look at EDRA’s white paper and the vision of the team. If you visit edra.io, you are able to download EDRA’s white paper.

The EDRA team uses the phrase “a real cryptocurrency that will be used in the real economy” quite often. It’s been ten years since Bitcoin was first revealed, and since then, Litecoin, Ethereum Bitcoin Cash, and other cryptocurrencies have emerged. Each currency is designed to serve a different role. Of course, we have platform coins that are similar in nature.

However, we felt the need for a coin that could serve as a real currency. EDRA is unique in that EDRA aims to be a real cryptocurrency that is actually used in the real economy. You have probably read numerous white papers only to be perplexed by the wording and jargon. While EDRA’s white paper is not too difficult to read, we will highlight some important points in our white paper.

Source: Mary Meeker Internet Report (2017)

According to the 355-page Mary Meeker Internet Report, the smart phone market has been experiencing slowed growth, but the mobile service market is expanding rapidly in places like China and India. Statistics show that in 2016, India saw a 28% increase in the number of Internet users, and there still is room for growth. Also, a slow smart phone market isn’t necessarily bad news because it means people living in developed countries are already in possession of these phones. It means there is already a wide user base. In the near future, we expect third world countries to be a big part of the mobile market. EDRA’s vision is to appeal to this wide, global user base.

Source: OECD Communications Outlook Report (2013)

Rising Telecommunications Costs in a World that Requires Telecommunications

South Korea is a leader in telecommunications, but the costs are very high. According to the OECD’s Communications Outlook Report, Korea ranks third in average telecommunications expenditures. You can see that these costs are high in other countries, such as Japan and the U.S. EDRA is aware of the severity of this issue and is working to reduce and eventually eliminate these costs. As a member of EDRA’s ecosystem, you can lower these costs by enjoying content that is published on EDRA’s ecosystem. EDRA offers this solution to the problem or rising fees.

Data from Korea Financial Supervisory Service

Mileage Points, the Accumulation of the Unusable

Whether we know it or not, we are accumulating mileage points. Airlines give us mileage points when we fly somewhere. Our credit cards reward us with points, and telecommunications companies gift us with membership points. These points, our hidden assets, are oftentimes neglected and lost upon their expiration. According to the Korea Financial Supervisory Service, over 1,300 billion Won is lost in expired mileage points. We are basically throwing this money away. Furthermore, we are often vexed because of points that are scattered here and there. EDRA’s system allows you to convert these points into EDRA, which narrows the gap between business mileage points and the real economy.

Enjoying Advertisements — Now a Reality

There are things that annoy us when we play with our phones. They are advertisements. Whatever application you use, whatever website you visit, you are always exposed to ads. The advertisements that you watch and see do not reward you, but they benefit the application or website. However, EDRA is different.

The advertisements you watch yield rewards for you. You can actually enjoy ads now.

EDRA, Changing the Future

EDRA implements a new blockchain technology to differentiate itself from other cryptocurrencies. EDRA introduces an entirely different mobile lifestyle, recreates the mileage system, and decentralizes the advertisement structure to benefit consumers. This is the future EDRA proposes.