Edge Tokenomics

Transactions within the Edge Network are free. Bridging $EDGE in/out of the network to other networks — such as Ethereum — carries a variable gas fee.

For transactions out of Edge Network, this fee is taken in $EDGE. Individuals can choose their target gas fees and the bridge will automatically transmit their transaction to meet the target set. This acts to help to keep transaction fees as low as possible.

For transactions into the Edge Network, the gas fee is taken in the native token of the other chain (for example, in $ETH).

$EDGE

$EDGE is the native coin of the Edge Blockchain, a layer 1 solution designed for fast transactions mapped to resource usage. It is also available as an ERC-20 token on the Ethereum network, bridged on a 1:1 basis.

$EDGE is used for the purchasing of Edge services, for staking, network governance, and for node rewards.

Transactions

Transactions within the Edge Network are free.

A governance proposal to introduce a small fee to help to maintain the security of the chain (mitigating against flood attacks) was passed in 2022. When introduced, these fees will be burned. You can view the proposal here:

Service Purchase

Services can be purchased directly in $EDGE.

Node Staking

Edge is a Proof of Stake network. Contributing a node to the network requires a POS in $EDGE. Stakes are locked in the network for a minimum period of time and for the duration of the node being online.

Nodes that are found to be bad actors will have their stake penalised or removed. Stakes reclaimed by the network in this manner are burned (sent to a zero address in the Edge chain).

Network Governance

Participation in network governance requires a stake locked in the network in $EDGE. This can be a stake used for the contribution of a node or an unassigned stake used purely for governance participation.

Fees tied to the raising of proposals in the governance mechanism are put into the growth fund.

Buy Back and Make

A buy back and make programme assigns network revenue received in fiat and other cryptocurrencies to the dev fund and to the growth fund.

Burn

25% of network revenues is burned. The coins are sent to the zero address of the network at the end of every month: xe_0000000000000000000000000000000000000000

$EDGE on Ethereum

$EDGE is available as a tradable utility token on the Ethereum network (ERC-20). It is the entry point to the Edge ecosystem and can be used for the purchasing of Edge services.

$EDGE tokens on Ethereum can be bridged into the Edge Network using the Edge Bridge on a 1:1 basis.

When $EDGE is bridged into the network, it is locked in the token bridge hot wallet 0x956.., which is backfilled by the bridge cold wallet 0x8f18.. if necessary.

When services are purchased in $EDGE, the $EDGE is automatically bridged into the network, reducing circulating supply.

Service Purchase

Services in the Edge Network can be purchased with $EDGE. They are also available for purchase within the Visa and MasterCard networks. Enterprises wishing to be invoiced directly can do so by reaching out on: support@edge.network

Liquidity Mining

An $EDGE liquidity pool is available on Uniswap. This is part funded by the network treasury, part by individual contributors.

Uniswap applies a small fee for every trade that takes place on their platform and automatically sends this to a liquidity reserve. Whenever a liquidity provider decides they want to exit the $EDGE pool, they will receive a portion of the total fees from the reserve relative to their staked amount in the pool.

In addition to this, a 0.75% fee is applied to all $EDGE transactions moving through the network bridge. This amount is automatically deducted from the sent amount and is collected in a vault wallet (xe_4845075Ad790DD979Ab3f7834Ff507244e7a5449).

Monitoring Project Tokenomics

The network explorer exposes all on-chain activity and can be used for the monitoring of network transactions.

In addition to this, the explorer exposes a series of endpoints covering key tokenomic figures such as circulating supply. These can been seen below:

To see a raw numerical response for each endpoint, add ?raw=true to the end of the URLs above. For example: https://explorer.edge.network/api/supply/maximum?raw=true