Launched in July, 21’ , EverGrow Coin, became the subject of discussion among crypto experts and insiders. According to the news coming in from the crypto world, the self-governing smooth yield farming and liquidity generation procedure is altering the face of crypto, and the implications will be felt for many years to come.
It is developing a brand-new requirement in DeFi Token economics with its ingenious and game changing Token circulation technique. Backed by a group of professionals and popular experts from marketing, financing, and blockchain sector.
EverGrow Coin has innovative features, which the company claims has actually set it apart from other projects and led to the platform being the fastest growing in the crypto world. EverGrow Coin instantly transfers benefits into a steady currency and pays them to its users i.e. Binance pegged USD ( BUSD).BUSD is a stable coin approved by New York State Department of Financial Services (NYDFS) .
1. EGC protocol
On the Binance Smart Chain (BSC), EverGrow Coin is the next generation of the reflection token: the very first Binance pegged BUSD reflection token to enhance user’s revenues both now and in the future.
Just by holding $EGC tokens, users will get an 8 percent return in Binance Pegged BUSD for each deal, which will immediately be moved to the wallet every 60 minutes.
Even more, 50% of tokens are sent out to the burn address, 3% to the creators and the group, and lastly, 2% of the overall preliminary tokens are airdropped.
2. Tech behind EGC
Binance Smart Chain (BSC) was created to enable the use of solidity-based smart contracts at a significantly faster and more efficient rate than other competing chains. BSC makes usage of the BEP-20 token innovation, which the Binance Team had built.
Its intrinsic dual-chain interoperability allows crosschain interaction and scalability of high performance decentralized applications (dApps) that requires a fluid and fast user experience.
It is EVM compatible and will support all current Ethereum tools faster and enable more affordable transactions. EGC is based on the Proof of Staked Authority consensus. It’s on-chain governance would facilitate decentralization and substantial community participation via the use of 21 validators that verify transactions.
NFT Lending –
EGC is world’s very first decentralized market for assisting in NFT and DeFi liquidity. Evergrow Coin market, which is based upon BSC, will make it possible for NFT owners to merely keep their NFTs as security at market rates without actually selling them. This indicates users can make profits from their NFTs instead of having them stay as unused digital token.
NFT Marketplace –
Users might buy and sell NFTs on the platform, consisting of those acquired through the NFT Financing platform’s liquidated security. This produces an abnormally competitive market for purchasing NFTs at a discount rate to their basic market price.
Furthermore, the market includes a minting tool that makes it possible for users to develop their own NFTs by utilizing images, videos, and other information.
Subscription module –
A content subscription platform is being developed. Here, EGC can be utilized for buying content, tipping & messaging creators on that platform. Benefits in BUSD guarantee that holders can keep making steady earnings without the requirement to offer their EverGrow holdings.
Staking pools –
EverGrow Coin uses a unique set of smart contracts for Staking Pools, and thus will be able to shift part of liquidity to the partnered tokens by purchasing them on specific contract interactions, thus increasing the value of the Partnered Tokens.
Participants in the pool then get tokens in exchange for their share to the Pool. This idea provides the token with its long-term value since it allows the staking of X tokens to gain Y tokens economically and mathematically sound.
Play to earn –
Built on BSC, EverGrowCoin’s proprietary play-to-earn game leads players to mix and combine characters in the most effective way possible. While enjoying the seamless action, players will get daily login incentives and earn NFTs as they log in.
This is probably the first attempt to gamify a crypto for faster adoption. These NFTs can be used for various purposes, including trading with other players and using them in the built-in NFT markets.
Holding them implies that users will profit from the growth of the in-game asset’s economy.
dApp and Swap Exchange –
The EverGrowCoin’s Distributed Applications (dApp) Dashboard, is constantly being updated and enhanced by crypto community participation.
It comprises a swap exchange with a user-friendly design and the ability to view rewards in real-time. The Ecosystem has unlimited potential, which is made possible by the dedicated and hard-working team, who are striving to make it a personal experience for each and every investor.
EverGrow is a deflationary token designed to become more scarce over time. All holders of EGC will earn an 8% reward from every Buy/Sell Transaction in Binance pegged BUSD, which is automatically sent to holding wallets.
Funded by strategic buyback, 3% tokens are collected from every transaction and converted to BNB and are stored in Our contract. This wallet is known as BuyBack Wallet, when enabled it purchases EGC from exchanges and removes the purchased tokens permanently from circulating supply while simultaneously making green candles.
More than 1.5% of tokens have been already burnt through the Buy-Back Mechanism which will keep increasing in the future. When BuyBack Wallet is enabled it purchases EGC directly from exchanges and instantly removes the purchased tokens permanently from circulating supply while making green candles on the price chart.
The MoonShot buyback and AutoBoost buyback systems work to maintain the smooth flow.
A transaction’s 4% is transferred into the liquidity pool for Pancakeswap to create a stable price floor. Pancakeswap fixes the low liquidity problems of DEXs through the liquidity Pools.
A liquidity pool always contains a pair of tokens, Instead of maintaining an order book like traditional exchanges. Every Buy/Sell trade is matched with Liquidity in the Liquidity Pool. A bigger liquidity pool will provide more stability to EGC price.
Anti-whale solution –
Anti-Whale function ensures that no sale amounts higher than 0.125% of the total supply are possible at once. Initially, it was at 0.25% but after case of burning 50% tokens of the total supply, the limit per transaction has been reduced by 50%.
The Anti-whale won’t necessarily stop Whales from selling but having a maximum limit works as an indicator when a Whale is trying to sell their tokens and helps in avoiding price manipulations.
5. Recent payouts and outreach
The company has paid out a whopping $18 million in rewards to holders in just a few weeks after its launch. Unlike similar projects which pay rewards in their native tokens, the EverGrow Coin team says its users can receive their rewards in BUSD stablecoins automatically.
What’s more, users can transfer these stablecoins ( backed by US Government agencies ) out of their wallets and spend or use them to buy more EverGrow or other cryptos.
EGC has reached over 80,000 subscribers and over 1 billion USD in market cap . With a current market cap smaller than popular memecoins , many analysts are predicting EverGrow Coin as the value investment in the cryptoverse for 2021. However, a lot would depend on it’s real ability to build an efficient solution, which is free of glitches.
Disclaimer: The above is only an indicative list and may carry inherent risks and hidden clauses. The article is in no way an advice but provides only a feature list for further due diligence. The information provided above has been collated from various internet blogs and websites. Thus the information mentioned above may vary due to constant upgradation of products. Voittoinsights.in and none of it’s promoters or employees, if any, will be responsible for the authenticity of above provided information as offers and other information is evolving each day. One will also need to follow Income Tax rules for income generated via Cryptocurrency. Few offers mentioned above may have changed in due course. Hence, your own due diligence is highly recommended.