Tokenomics & Whitepaper

Tokenomics

The foundation of our network lies in the collective contributions of our community members. The value generated within the EDATApp ecosystem is greater than the sum of its individual parts. Our reward system is designed to recognize the cumulative impact users have on the network, rather than merely the specific datasets they submit. To bring this vision to life, smart contracts will manage and distribute a predefined token supply to contributors, using a transparent and fair mechanism.

These tokens will serve as the primary tool for rewarding users based on their engagement and the quality of the data they provide. Contributions will be measured through an internal point system within the app.

Disclaimer

The following sections outline the conceptual framework for token issuance via smart contracts and the distribution mechanisms for rewarding network participants.

The native, cryptographically secure, fungible protocol token of the EDATApp network (token name and ticker symbol to be announced) represents the embedded governance and utility functionalities within the protocol's code. It is intended solely as a utility token within the EDATApp ecosystem.

This token functions as a multi-utility asset, enabling decentralized and secure transactions between participants within the network without intermediaries such as centralized institutions. It is not intended as a general medium of exchange outside the EDATApp platform, nor for purchasing unrelated goods or services.

Ownership of the token does not confer any shareholding, voting rights, dividends, revenue, or ownership interest in EDATApp, its affiliates, or any associated company. The token is not designed as an investment and should not be classified as a security in any jurisdiction.

An Initial Coin Offering (ICO) will be conducted in the future to support project development, network growth, and community building. This ICO will be carried out within a clearly defined and transparent framework.

The EDATApp token will act as an additional incentive within the reward system. The primary reward system will continue to be based on EDATApp Points, which users earn through their activities and contributions. For access to certain exclusive products, rewards, or services within the app, a combination of EDATApp Points and tokens will be required, making active and high-quality participation even more attractive.

Additionally, there will be an opportunity in the future for users to swap EDATApp Points into EDATApp tokens. This swap will be subject to specific conditions, such as meeting a minimum number of points, demonstrating active usage of the app, or fulfilling defined quality standards.

More details will be announced in due course.

Additional token rewards will be distributed proportionally based on user activity, data quality, and actual contribution to the network. Users who are not actively participating will not receive token rewards.