Admittedly, I haven’t read through this all yet. However this statement -
If you understand how to participate in the Edgeware Lockdrop, but want to nominate yourself as a validator at the launch of the Edgeware network, there is a short list of things you need to do first before completing the Lockdrop process. While this process doesn’t guarantee that you will be a validator, it does enable your selection. At launch, Validators will be selected from the largest lock amounts from the set of nominated Edgeware Public Addresses.
Particularly -
At launch, Validators will be selected from the largest lock amounts from the set of nominated Edgeware Public Addresses.
Leads me to believe that genesis validators slots will be awarded to the validators who lock the most ETH. This feels like another troubling example that encourages rich-get-richer dynamics and reinforces the “skin in the game” staking paradox.