What is EverGrow Coin (EGC)?
Ever since the discovery of cryptocurrencies, the market has experienced both growth and downfall. Now, investors are careful and conduct thorough research before venturing into this cryptocurrency business.
With the ever-changing technology surrounding the market, everyone is eager for the next discovery. This article will look at EverGrow Coin and assist in answering any questions you might have.
Meaning of EverGrow Coin and its History
Being among one of the stablecoin award tokens at the moment, it has come a long way to becoming a trending cryptocurrency. EverGrow adheres to Binance Smart Chain (BSC) regulations and also attains the BEP-20 cut. What makes this cryptocurrency unique is the built-in token reward system that comes with it.
Due to its hyper-deflationary nature, the coin will rise in price as a result of the shortage. A scene that was experienced when it was launched where one coin could cost up to a quadrillion.
However, the figure skyrocketed by 4,000% because tokens were sent to burn addresses- tokens sent here cannot be reversed or used for other transactions. Due to the incident, the value of the coin decreased. But if you are thinking of future investments, EverGrow Coin will not disappoint.
From the moment it was launched, the coin has made much improvement in terms of growth as well as increasing the investors to 138,000. Currently, it is the world’s leading stablecoin that generates passive income.
Understanding EverGrow Coin
Earning passive income in this coin comes in when a transaction is triggered from each token reward. If the holder purchases, sells, or trades the token, 14% is deducted automatically by the contractor.
8% will be granted back to the holder in the form of a buyer to earn passive income in Binance USD (BUSD). To ensure that the value of the coin remains stable even though the value might be falling, BUSD stores them in wallets.
In addition, 6% is divided into three and allocated to various functions that include: buyback and burn, development and marketing, as well as liquidity pool. Currently, a hundred percent of the profit is sent to the buyback and burn.
However, the coin is looking forward to ensuring that in the future, the profit will go directly to a passive income for investors.
The founder of this coin (Sam Kelly) established a system where the investors and coin creators had to go through the same process of getting rewards. He termed this as a ‘share in ecosystem’ coin.
Why is EverGrow Coin Trending?
Unlike most cryptocurrencies where you have to sell them to earn passive income, EverGrow Coin investors earn without selling them, therefore, shielding the investors from loss. Due to the fluctuating tendencies of cryptocurrencies, many investors are open to the idea.
One of the reasons the coin is growing fast is because of its ideologies. The founders believe longevity, trust, community, and transparency will lift the investors’ spirit who will, in turn, be productive each in their way.
These principles are used in the coin’s long-term operation. A move that has caught the eye of crypto users. So, is investing in the coin good or bad?
It is a stable passive income
Investors and holders earn income from this coin through tokens from Binance Smart Chain Network. Eight percent of each transaction is earned through BUSD whether the coin has depreciated or not. How does it work? well,
If we take the example of Jesse Eckel who invested $ 2,500 in EverGrow for three weeks, he gained more from the short period as compared to the recommended investment period which is long term. At that time, the cost of the coins was high.
He was able to get $15,000 and $138 BUSD from only the $2,500 he had invested. The good thing is, that he would still have gained 5.5% regardless of the coin’s value.
Binance in EverGrow plays an important role in ensuring investors and users can find, mine, and earn from it.
Liquidity Pools
A liquidity pool is a digital stack of cryptocurrencies that are locked in a unique contract. They play a major role in the cryptocurrency world. However, EverGrow prefers stocking the coins from transaction fees.
The advantages of LP tokens are efficiency, and quickness, and can decentralize the liquidity of joint assets. In addition, it stabilizes the price and prevents losses from occurring when buying or selling assets.
It uses smart contracts that are liquid. Now, investors can trade in other markets on various Decentralized Exchanges (DEXs). Considering spillage is rampant in this business, EverGrow always focuses on development and stability.
Buyback-and-Burn
Buybacks in cryptocurrencies play the same role as stock buybacks. Their role is to increase the value of the coin by reducing their supply in the market. Similarly, EverGrow uses the same procedure to increase the value of its coin while generating passive income for its users.
Protects Your Coin from Whales
Sadly, there is little you can do to protect your coin from whales manipulating the prices in any cryptocurrency. EverGrow using the DeFi crypto market has sophisticated ways of preventing whale innovation.
These systems look at the activities in crypto and check for whales that are likely to exploit the market with their resources.
They can manipulate the market by flooding it with holdings that lower the coin’s value. Since they will be interested in purchasing them, they buy back the coins in large quantities creating scarcity, then they release them at their speed. Making the whales the determinant of the price.
As a means to address the issue of whales, which has brought fear and nervousness, EverGrow created a system where consistent audits are done. It also charges a one percent fee for sales. This move restricts whale exploitation and it has proven to be an effective method.
Structure and Elements of EverGrow Coin (Tokenomics)
The structure governing the coin relies on EverGrow’s distribution plan and its unique tokenomics. So, what is tokenomics? It can be described as the study of elements or features and the structure of a particular cryptocurrency that attracts investors.
EverGrow Coin characteristics are different compared to any other crypto this way, both investors and the project team earn from the same reward pool. The reward is mostly used in the growth and development of the coin’s ecosystem. These incentives make the coin value increase.
Its tokenomics plays an important role in the advancement of the coin. As we have seen earlier, for every transaction, a 14% fee is deducted. Eight percent goes to the holders of the coin, while 2% goes back to the project for operation and development.
EverGrow Coin Objectives
This coin aims to be in the top 20 brackets of the best cryptocurrencies while at the same time working towards meeting the incentives of web 3.0. Ever since it was created, it has made many improvements. From achieving 138,000 users in 150 countries to having 100,000 social media followers.
Here are some of EverGrow’s projects everyone is looking forward to:
LunaSky NFT Marketplace and NFT loan
Launched in May 2022, Luna Sky Marketplace is a place where its users can buy, sell and mint NFT. Surprisingly, the NFT is interconnected to other blockchains. However, LunaSky has included lending to its services to encourage the liquidity of the NFT and DeFi world.
Also, it has made it possible for its users to borrow from their NFTs allowing them the opportunity to earn from passive income. Something that is not far from reward Token that authorizes BUSD to store coins in your wallets for it to accumulate.
EverGrow is working to ensure the interest rate is dropped as a way of granting its users ways to raise funds without selling.
Introduction of Skating Pools
Like in the traditional mining pool, the skating pool is a method used to reward or gift holders of a currency. Various stakeholders unite and merge resources to increase the chances of being awarded.
They are governed by Smart Contracts where they liquify part of their partnered tokens and later share them between the pool users. This encourages owners to hold the rewards longer instead of selling them.
Crator Content Subscription Platform
EverGrow launched a content subscription platform for its investors and shareholders in January 2022. Though this service is still on the test run, after its completion, a user will be able to see their holdings in actual time. As claimed by the platform, this service will be the first of its kind where users will have a social space.
EverGrow in Metaverse
This platform is working to bring virtual reality to its door in a universe called EverGrow Meta. They will bring together Objective Reality and Abstract Virtual Reality in a move that will allow its members to interact with other users on Crator, play video games, and go shopping in the virtual stores.
Wallet and Exchange of Crypto in EverGrow
EverGrow is working hard to ensure that rewards earned can be received in both native and non-native currencies. This will be achieved using either software wallets or hardware wallets. Hardware wallets are more secure and are not inclined to hack like their counterparts.
Crypto exchange is the buying and selling of cryptocurrencies. Crypto exchange and wallets in EverGrow have been created to assist investors to make wise decisions that will bear rewards in the future. In the long run, its users will earn from both buybacks and burn through selling, trading, and lending their NFTs as well as mining and reflection tokens.
How to Get an EverGrow Coin
There are two platforms where you can purchase the coin. PancakeSwap and BitMart. Unfortunately, BitMart does not operate in the US so, the only option is to go with PancakeSwap.
Another way to get the coins is by using wallets that are compatible to buy EverGrow Coin from BNB or BUSD. This process can be done by connecting the EverGrow exchange to the agreeable wallets and then using WalletConnect to pair with the QR code.
Is EverGrow Coin Profitable?
Venturing into the cryptocurrency business does not automatically guarantee you success, there are steps to follow to ensure that you stay at the top. EverGrow is working to ensure that its investors grow and also minimize the risk, especially since what happened to Terra’s Luna.
Though the market might not be stable, and this might scare off the investors, the creators are doing their best to close all loopholes that might occur in the future.
Unlike other cryptocurrencies, EverGrow works hand in hand with its stakeholders by involving them in running the coin’s operation.
Everyone is looking forward to seeing what EverGrow has in store for us but from looking at their strategies and goals, it seems great things are coming their way.
Currently, they have 70,000 followers on both Facebook and Twitter and 12,000 Discord server members. The reason why investors are thrilled about the coin is that it is new in the market and has so far gained a lot of praise.
Guided by transparency, and ambition, being a stablecoin that earns you passive income and a coin that has launched many projects that will guarantee user success, investing in EverGrow is not such a bad idea.
Conclusion
As we have seen, EverGrow Coin is currently the talk of the town. With their mind-blowing strategies and tokenomics application, transparency, a stablecoin that generates passive income and so much more, it is no doubt EverGrow is the future.
Now that they have partnered with Binance, they have proved that their long-term goal is growth and ensuring the stability of the coin while at the same time allowing its users to earn from passive income.
