How can I obtain EDAO tokens?
YED platform users can acquire EDAO tokens through the following:
- Pledging of $ACE – EDAO can be mined through the Acent pledging system. A provisional computation of the EDAO yield from the Acent pledging can be found below:
Basically, 1 $ACE pledge will grant the pledger an equivalent of 1 EDAO token per year as their reward for contributing to maintenance and security of the Acent network. With EDAO tokens, pledgers can mine more $ACE. The more EDAO tokens users pledge, the more $ACE they can mine from the Metaweb Incubation Fund and the UBI pool.
Suppose meta-citizen A pledged 50,000 $ACE. Under a certain period and market conditions, it gained him 6.27% $ACE plus the UBI reward and the appreciation of the $ACE currency as more people joined the metaweb.
On the other hand, Meta-citizen B, who pledged 2,000,000 $ACE within the same period and market condition as Meta-citizen A, got the full 13% maximum earnings plus UBI and $ACE appreciation on top of it.
This only means that yield earnings may vary depending on one or more of the following factors:
- pledged amount,
- market conditions,
- $ACE supply and demand,
- number of pledgers,
- lock-up period, and
- DAO proposals for readjustments.
Specific details about the Acent pledging rewards will be made available in future community updates.
- Purchasing Acent City land and mining EDAO from purchased Acent City land spots – YED will open several batches of land sales in Acent City. Each spot of land bought is capable of mining EDAO and also comes with Zero-point Energy Pylon (ZEP) NFTs. A ZEP is an NFT capable of producing digital electricity or energy on its land to power meta-real estates throughout the metaweb. Both ZEP and digital electricity can be traded as commodities on the Acent DEX in the future.
Below is a provisional computation of EDAO including ZEP rewards for a spot of land valued at 20,000 $ACE for 6 years.
Please take note that the mining rate can be readjusted or varied depending on the amount, the lock-up period, and DAO proposals for readjustments, including market conditions. Specific details about ZEP mining will be made available in future community updates.
- Purchasing EDAO from the Acent swap decentralized exchange (DEX) – in the absence of land ownership, platform users may purchase EDAO from the Acent Swap DEX through its current $ACE market value.
Take note that all EDAO governance tokens will initially be distributed through the Acent pledging and YED land mining, hence, no sales of any kind for EDAO tokens will be available in the market unless a holder decides to sell them. After the total numbers of EDAO are distributed and exhausted, there will be no more public issuance of EDAO and users can therefore acquire it by purchasing it at its market value on the Acent DEX.
