What Is EverGrow Coin (EGC)?

EverGrow Coin (EGC) is a token intended to increase in value as it becomes scarcer over time. Users can store EGC in a suitable wallet and receive rewards for each transaction made on the platform with the token. The decentralized platform intends to create a beginner-friendly ecosystem that allows users to transition from traditional currencies to cryptocurrency effortlessly. 

Regular cryptocurrency trading entails buying a coin and waiting for its value to rise so that users may sell it for profit. As a result, profit prospects are restricted to straightforward trading. EverGrow Coin wants to implement tokenomics, which allows users to earn profits by holding the token rather than liquidating it, to broaden earning prospects for users. As a result, the platform allows users to diversify their income by holding the self-appreciating token rather than only trading tokens. The more coins people retain, the more profit they get, depending on the trading volume, utilities, and future of the token. 

According to the whitepaper, EGC is the native reflection token of the platform that runs on the Binance Smart Chain. A reflection token is a cryptocurrency in which holders are rewarded by levying transaction costs and then transferring a percentage of those fees to other holders. Users can hold EverGrow for a longer term to generate passive income in Binance-pegged USD (BUSD). BUSD is a stablecoin pegged 1:1 to the USD. EGC is also hyper-deflationary, which means that the supply decreases rapidly over time through burn and repurchase, creating a scarcity, which causes the token's price to rise.  

Elaborating on the features of the EGC coin, the following points are noteworthy:

• 8% of each transaction is redistributed among EGC eligible holders automatically.

• The EverGrow smart contract deposits 3% of each trade in the form of EGC and BNB into a locked and certified liquidity pool.

• 2% of each transaction is transferred into a smart contract for strategic repurchase reserve.

• Ananti-whale mechanism ensures that users do not offload more than 0.125% of the total supply of EGC in one go. In crypto jargon, whales are individuals, institutions, and exchanges that own large amounts of a cryptocurrency's tokens.

Besides rewarding tokenomics, the platform plans to offer a host of features as follows: 

NFT Marketplace: Users can trade and lend all types of NFTs on the site. On the marketplace, users can also utilize a minting tool to create their own NFTs using images, videos, and other data. Also, EverGrow Coin NFT Lending, based on BSC, seeks to allow NFT owners to borrow against their NFTs as collateral at market rates.

DApp and Swap Exchange: EverGrow Coin provides a dashboard for decentralized applications (DApps). It comprises a user-friendly swap exchange with the option to watch rewards earned in real time. 

Staking Pools: By utilizing a unique set of smart contracts for staking pools, EverGrowCoin plans to shift some of its liquidity to partner tokens, thus increasing their value. Participants receive tokens in exchange for their contributions to the pool.

Play-to-Earn Game / Multiplayer Online Battle Arena Game: An NFT game where users enter a BSC-based fantasy universe and earn daily login prizes, NFTs, and crypto while battling other players, fulfilling tasks, and defeating foes. 

EverGrow Wallet: Enables users to trade and swap their cryptocurrencies on a wallet designed for the latest rewards tokens, along with traditional crypto financing. 

EverGrow Exchange: This decentralized exchange is built to support the new generation of cryptocurrencies, as well as seamless tokenomics integration that allows holders to get rewards in both native and non-native digital currencies and the ability to trade and swap traditional cryptocurrencies.

History of EverGrow Coin (EGC)

EverGrow Coin was launched in September 2021. The team behind EverGrow Coin consists of a group of verified professionals in finance, blockchain, and marketing. Sam Kelly is the chairman of the board and developed the platform.

EverGrow coin has a maximum total supply of 1,000,000,000,000,000 EGC. After the initial release, 50% of tokens were burnt, and more coins are burnt daily via the repurchase and burn feature. 

How Are New EverGrow Coin (EGC) Earned? 

Considering rewards as the basic fabric of the platform, EverGrow Coin incentivizes users to maintain EGC in their wallets and earn returns. This process of holding tokens and earning rewards is called staking in simple terms. By holding their EverGrow Coin, users can earn automatic Binance-pegged USD ($BUSD) incentives, with 8% of every transaction (trade or transfer) being redistributed to EGC eligible holders. Users are automatically credited with prizes in their wallets. They can, however, manually claim them through the DApp Dashboard.