[Updated 9.2023]

On 30th January, 2021, 100,000,000 EDC were burned, reducing the overall supply of EDC from 900,000,000 to 800,000,000 EDC. 

The price of EDC is dependent on market demand versus supply versus utility. By reducing the overall supply of EDC in the market through a token burn, the tokenomics for EDC is improved. Market price of EDC, though, will always be influenced by market demand and supply.

As EDC is still a relatively new digital asset/token, the EDCOIN FOUNDATION is focused on increasing its utility through practical means.