1 million EDO burn
Automated burning start
This means that any usage of EDO will result in a quick burn and the supply will promptly reflect the usage of EDO-based services.
EDO is the utility token at the center of the Eidoo ecosystem - its purpose is to simplify access and interaction with different blockchains.
EDO gives you access to a variety of services. A specific % of revenues, different for every product and service of ours, is burned as shown below.
The burning process is fully transparent and became completely automated in late 2019.
50% of all trading fees every 2 hours
50% of all platform fees
50% of all brokerage fees every 2 hours
20% of all trading fees every 2 hours
50% of all transaction fees every 2 hours
100 EDO burned for every Eidoo Basic Card order