EDNA Tokenomics

Origins & Airdrop

On the first week that EOS Mainnet was live EDNA began dropping 1 billion EDNA Tokens on EOS Genesis holders, with 300 million reserved as detailed below.

Staking

The ENDA token contract was modified to allow holders to stake their tokens for rewards. Multiple terms are offered and exceptional returns are being gained.

DAC & Token Future

The future of the EDNA Token will be determined by the DAC. However, there is a proposal in place drafted by the founders. click here or scroll to view it.

EDNA Tokens & Airdrop

1.3 Billion (max) EDNA tokens have been issued

EDNA is a zero-inflation token no more will be made 

EOS account holders with 100 or more EOS (as of June 2 Genesis Snapshot) were airdropped on – 1 billion total

EDNA reserved 300 million separate wallets & stored as follows:

  •         DAC Funds               241,500,000      ednadactoken   
  •         Lab Upgrades           45,000,000       ednalabtoken
  •         Founders                   13,500,000       ednaggstoken

This airdrop also dropped tokens to holders who had less than 100 EOS who registered on the EDNA website prior to July 25th. No further airdrops or give-a-ways will occur, beyond the staking program.

EDNA Tokens can be traded with and purchased using EOS at the exchanges listed below.

Exchanges Trading EDNA's

Wallets Supporting EDNA's

Staking EDNA Tokens

EDNA has launched a program to give away 125 million EDNA tokens. These are non-inflationary and were set aside for this program from the beginning. The program gives EDNA holders a choice of 3 time periods to stake their EDNA’s in the token contract.

  • Weekly – pays out at 1-times payout
  • Monthly – pays out a 1.5-times payout
  • Quarterly – pays out a 2-times payout

This program is scheduled to run for 50 weeks or less, and is designed to give early token holders a very significant bonus for holding onto their EDNA’s. If you are a savvy investor, you know that the faster you earn a return in your investment the better off you are. The rate at which EDNA pays out those 100 million tokens is based in part on how many total tokens are staked to the contract. So in order to get the fastest returns, be sure and tell your friends about the staking program.

Below you can see the returns EDNA has paid out over the programs lifetime.
Obviously, this will not go on forever. Hurry and get your tokens staked today.

Staking Payouts by Week

  • 21 Sept ---> 6.00%
  • 28 Sept ---> 6.05%
  • 5 Oct ---> 6.00%
  • 12 Oct ---> 5.94%
  • 19 Oct ---> 4.26%
  • 26 Oct ---> 6.76%
  • 2 Nov ---> 6.32%
  • 9 Nov ---> 5.14%
  • 16 Nov ---> 5.72%
  • 23 Nov ---> 4.28%
  • 30 Nov ---> 3.300%
  • 7 Dec ---> 2.66%
  • 14 Dec --->
  • 21 Dec --->
How Much of the 125,000,000.0000 is Still Left to Give Away?
Program Funding Remaining 14%
Quarterly Percentages for Above Payouts are Shown

The Future of the EDNA Tokens

What will the DAC Decide?

The use and purposes for the EDNA token are not yet fully decided. This is a matter that is being left up to the EDNA custodians. Once elected, they will determine what purpose EDNA’s will serve within the community. This is described in the EDNA constitution…

“We acknowledge that The AGE Project, Inc. distributed the crypto-currency called EDNA Tokens at no cost to the recipients of these tokens, Therefor EDNA Tokens currently represent no claims of ownership, rights of control, voting powers or other matters of influence upon the DAC or EDNA itself. This fact does not preclude the DAC from determining that its profits may be distributed in whole or in part by apportion of tokens held, or any other legal use for the token the DAC may elect.”

Keeping the above in mind, The founder of EDNA has put forth a proposal outlining a possible use for the tokens:

Proposal for the Monetization of EDNA-DAC

EDNA is a blockchain-biotech DAC currently forming with the purpose of securing human ownership, privacy and monetization rights to human DNA.

EDNA DAC empowers its members by making available to them a mechanism to privately and completely autonomously convert DNA material to digitally blockchain stored data, then though the use of private keys and other permissions  grant access to interested researchers & biotech organizations for the purposes of advancing genetic science.  

EDNA DAC negotiates terms of use of the DNA data and associated medical information (histories) and compensation on behalf of its members though the use of proposals presented to the community.  

Researcher Proposals are approved or denied by community though opt-in votes. Proposals will include clear distribution of proceeds among EDNA token holders, plus multipliers for Token Holders who provide DNA to the proposed research and (if part of the negotiation) and residual ownership rights or proceeds offered to the community for monetized products and services which may result from the research activities.

Staking EDNA tokens in the EDNA-DAC contract entitles token owners profits as explained above as well as to voting rights within the DAC. The DAC will determine day to day operating policy, and various other matters brought before the DAC.  

EDNA DAC is being formed by EDNA Sequencing, however the sequencing arm of EDNA is not the DAC, and in fact serves to provide DNA sequencing services at the will of the DAC. The DAC may chooses to cease to use EDNA Sequencing at anytime. It also may choose to offer options to its members by engaging other competing DNA sequencing services.

The contract for voting internal to EDNA is in development, and is expected to be published around late November 2018. After the contract is in place, and voting can begin, once 300 million or more EDNA’s are staked to the DAC contract, voting shall be enabled, and this proposal shall be ratified as is or proposed in a modified and/or more complete version.       

Proposed DAC Payouts:

Staked EDNA during sale of data to researchers: 1 to 1 

Staked EDNA during sale of data to researchers + DNA on chain 2 to 1

Staked EDNA during sale of data to researchers + DNA on chain  + DNA used for research 10 to 1  

Numbers above are used to calculate percentage of payout per individual accounts holding staked EDNA’s in the EDNA DAC system contract when data is sold. The percentages are also used to calculate any residual payments due the DAC per agreements with researchers.