An edCoin is the digital currency on Libereka and is used as a private crypto asset to provide Libereka Funding, Scholarships on the Blockchain, or other funding transactions as a part of the reward system on Libereka.

edCoin is not traded externally or is not to be used as money to purchase anything outside the Libereka ecosystem at present. edCoins are limited and at present, only Universities can purchase edCoins directly from & through Libereka for providing scholarships on the blockchain. Each edCoin has a certain value that is algorithmically calculated by Libereka, and if a certain edCoin is earned by a student then that can be exchanged for cash by adding the bank account to the user profile. edCoin based rewards are system rewards of Libereka and therefore are not to be considered as any income or dividend that is taxable under any law.