DedaCoin as a project offers a huge ecosystem that combines both DedaChain (blockchain) and DedaGateway (crypto payment option). Its tokenomics are set up so as to include regular burn procedures and limited supply, which give it more long-term growth potential.
The Hedge90 Guarantee Plan promises to keep everything secure while the payment gateway is easy to use. There’s also a referral program meant to grow the community around DedaCoin. With all these features combined together, DedaCoin appears poised to set itself up as a major crypto player. But let’s examine each component more closely to see how they really affect your investment experience.
Key highlights:
Comprehensive platform for digital asset interaction and transactions.
$DEDA tokens are part of the DedaLand ecosystem for extensive utility.
Hedge90 Guarantee Plan offers a safety net for DedaCoin purchases against market dips.
DedaPay payment gateway enables seamless cryptocurrency transactions for daily purchases.
Project has legal permits from multiple countries, which is a good sign for trustworthiness.
Experienced and committed Deda Management Team are definitely a plus.
Deda ecosystem overview
The Deda ecosystem is a thorough platform that’s designed to make interacting with digital assets and transactions effortless (or as close to it as possible). It encompasses various components, including a dedicated blockchain, crypto payment gateway, POS devices, and more.
This platform is intended to bridge the gap between digital assets and traditional finance (TradFi), so making it accessible and user-friendly is especially important.
Key components include the DedaChain blockchain, DedaGateway for crypto payments, DedaPOS devices for point-of-sale transactions, and the DedaLink system for seamless transfers.
Deda ecosystem overview.
The Deda ecosystem is heavily focused on ease of use, as it should be. It integrates tools that make it simple for users to onboard and engage with cryptocurrencies. For instance, the DedaBIT exchange prioritizes transparency, security, and user experience, while the DedaATM system enables convenient cash-to-crypto conversions.
Honestly, we haven’t found anything about the Deda ecosystem that would make us skeptical about the way it’s all set up. Simply put, it’s made in a way that lets users interact with digital assets and transactions easily.
DedaCoin tokenomics
DedaCoin tokens are designed to maximize value within the DedaLand ecosystem. Of course, we looked at whether they have real utility - and they do, on multiple fronts.
As a DedaLand community member, you can leverage $DEDA tokens to access discounts on trade fees. Going beyond trading, you can use $DEDA as a payment method for real-world everyday purchases and transactions. The token’s utility is versatile.
The tokenomics of $DEDA are structured so as to benefit the community. The total supply of tokens is fixed at 2,540,000,000. 5% of that is available to the public for purchase during the DedaCoin ICO that’s coming in two weeks.
There’s also a burn mechanism in place to steadily reduce the total supply over time. This mechanism aims to make the tokens more valuable and scarce, which should be of particular benefit to long-term holders.
DEDA tokenomics.
Hedge90 guarantee plan
Hedge90 guarantee plan is a unique approach to gain investor trust. Essentially, it backs your DedaCoin purchases with a safety net and provides a substantial level of protection in case the market dips. And we’re in crypto, so a significant market dip wouldn’t be unheard of.
This approach addresses a significant concern that many token buyers in the crypto world have, securing their investment by offering a dual guarantee smart contract on the Binance network.
Market Scenario Hedge90 Market Crash Receive 90% refund in Tether through smart contract. Rising Market Cancel contract and reap its benefits.
To put it simply, thanks to Hedge90 (cool name by the way), in the event of a market dip or crash, you will be refunded 90% of your investment. According to our calculator - only 10% of your investment is at potential risk.
On the flip side, in a rising market, you can simply cancel the contract and capitalize on the benefits.
Does this guarantee mean it’s absolutely impossible to lose more than 10%? Anything is possible, but it would require Tether to lose its peg, which hasn’t happened in almost a decade. And if that were to happen, all bets in crypto are off anyway.
How do we view this? We think this guarantee is a great way to encourage investor confidence within the Deda ecosystem.
Referral and discount program
You can use your network to save on DedaCoin purchases and earn rewards via the referral program. Participating in this program gives you access to different benefits, such as discounts for your friends and income for yourself. This should encourage growth within the community by providing rewards for participants.
Here are the highlights:
Discounted Purchases: When your friends join through your referral link and make a purchase, they receive a 1% discount on their DedaCoin buy.
Prompt Rewards: As a referrer, you immediately earn a 2% up to 10% reward from each purchase made by your friends.
Trustless Execution: All these transactions happen through a secure and transparent smart contract on the Binance network, so there’s no shenanigans possible.
This program is meant to reward community involvement with tangible results and mutual benefits. You can increase your rewards and give discounts to people in your network.
At a glance, the rewards themselves are not hugely impressive, but if you refer many people, they can for sure add up.
DedaPay payment gateway
DedaPay payment gateway allows easy daily purchases using cryptocurrency. Yes - it means you can do your shopping with your crypto. The system incentivizes users to perform these transactions utilizing price guaranteed DedaCoin tokens, so that the payment process is fast and reliable.
Here are some of the key features and benefits of DedaPay payment gateway:
Card and Gadgets
Equipped with NFC for contactless payments
Card usage for multiple purposes
Issuance of cards for family members with adjustable limits
Security and Practicality
Highly secure and transparent payment transactions
Unified management of corporate expenses and employee salaries
Online Shopping
Seamless transactions with contracted online stores
Fiat currency delivery service on-site through DedaPOS (under FDS system)
Ease of Use
Simplified payment process
Secure and transparent transactions
Expansion
Increasing coverage of contracted stores and centers
Enhanced services through DedaCoin website under FDS system
Deda management team
The main force behind all innovations within the extensive network of the Dada Ecosystem is the Deda management team. This is a team of economic and information technology elites from around the globe who bring diverse cultures and perspectives into play.
Apart from having seasoned developers and experts in blockchain technology, their wealth of experience is not something you hear about every day, from bright records in economics to victories in mathematics and computer Olympics.
The team brings together diverse perspectives from around the world, and it provides a very comprehensive approach to blockchain innovation.
The verdict - should you invest in DedaCoin?
We’re just gonna say it - DedaCoin really seems different from most other projects we’ve had an opportunity to take a closer look at.
Sure, their referral program and tokenomics burn mechanism are great to have and well thought out, but we’ve seen other similar features in other projects. What we’re truly impressed by is the Hedge90 Guarantee Plan and the safety net it offers.
The problem they’re solving is also a worthwhile one. There is still a gap between the crypto world and the traditional financial world, and their focus on user-friendliness and seamless transactions is aiming to solve that problem.
We don’t want to tell anyone what to do. But we will say this - DedaCoin seems like a great investment opportunity for anyone who isn’t only looking to make a quick buck.
Visit DedaCoin
*Images included in the review were sourced from the DedaCoin whitepaper.