The team wishes approval to launch on Arbitrum (or another chain). The result of this proposal will be to enable approval and prepare the launch of EDE on another chain.
Key things to take away from this proposal:
- The team doesn't expect cross-chain compatibility for the $EDE token for upwards of 3-6months.
- Fees will not be shared across chain until cross chain compatibility is established.
- The purpose of this expansion is to get the $EDE name recognized across multiple chains, increasing the legitimacy of the project and capture interest in a secondary chain to catapult our marketing efforts.
- All chains will receive DApp releases at roughly the same time, one chain is not going to be prioritized over another.
- The token supply of $EDE, as well as APR's on the BNB side will be unaffected.
- $gEDE holders & ESBT users are the priority recipients of getting whitelist for the IDO.
In short, the team has seen a very good opportunity to bring widescale recognition & legitimization to EDE prior to the release of our iterative features. Our goal is to catapult EDE into the DeFi space on both an established chain (BNB) and one growing at a rapid pace (Arb), which is perfect for derivative platforms like ourselves.