Weekly News
EDC Auction
Dear users, please read the short progress report on improving the EDC Auction project, which is an alternative use case for EDC coins.
All EDC Auction users can “convert” their EDC coins into real goods. You just need to select any low value lots you like and place a bid.
Instead of receiving the goods, it is possible to receive a payment from the amount of the won item in EDC equivalent. You can lease the received coins to masternodes and get additional bonuses in your EDC wallet.
The benefit of the EDC Auction project is that the ability to exchange coins for goods helps the coin gain its value and increase circulation between users. Everyone benefits from this, including users, long-term holders and traders. The use of EDC as an exchange coin and its common use leads to an increase in demand among participants as well as an increase in its value.
A number of tasks have been completed for the comfortable use of the platform.
- Website design is completed;
- A mechanism for bidding has been implemented;
- Authorization and registration modules have been developed;
- A module for managing lots and buying bids have been implemented;
- EDC Blockchain is being integrated into the EDC Auction platform for conducting transactions with EDC coins;
- A mechanism for convenient deposit/withdrawal of funds is being developed and integrated;
- The visual part of the platform is being adapted for easy and convenient use on any device considering different resolutions and screen sizes.
There is a minimum number of buttons on the website, so you will quickly figure out how to make a deposit in EDC coins and place a bid on the lot you like. You can withdraw your coins in your personal EDC Auction account.
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