NEWARK, DE / ACCESSWIRE / December 27, 2021 / Newly launched crypto EverGrow is making amazing strides in the crypto market with massive price spikes. Since its launch 2 months ago, Evergrow Coin (EGC) has already distributed over $ 30 million BUSD in rewards to its holders. BUSD is a regulated stable coin managed by Binance and indexed 1: 1 with the USD. According to BSCScan, an explorer for the Binance chain, the crypto has already passed the 117,000 token holder mark and is quickly heading towards 120,000 token holders. EverGrow Contracts (EGC) collect 8% tax on each transaction and automatically distribute it among BUSD holders.
The team behind EverGrow is completely doxxed and, in a recent AMA, made it clear that EverGrow “is not a meme-coin”. BSC NFT market. All EverGrow utilities will be based on Binance Chain, which is currently considered the fastest growing blockchain after Ethereum and offers much lower transaction fees and faster speed than ETH. Lending platforms will allow NFT owners to borrow Stablecoins like BUSD, USDT by keeping their NFTs as collateral. For Q1 2022, EverGrow has a suite of utilities planned, including an Exchange and crypto wallet like Trustwallet. These upcoming utilities are already in beta testing. Once launched, the utilities will generate significant revenue for EverGrow, 100% of which will be used to buy back and burn EGCs in open markets.
EverGrow (EGC) The ecosystem will also include:
EGC is hyper deflationary because 2% of every $ EGC transaction is converted to BNB and stored in buyback and burn contracts.
Analysts have calculated that based on the current market cap of just $ 300 million, even with a daily volume of just $ 30 million, $ 10,000 invested today would earn $ 273,750 per year in rewards, which does not take into account the growth of investments. EverGrow’s record daily volume topped $ 50 million, but currently averages only $ 1 to $ 2 million when the general crypto market was in free fall and investors awaited the launch of the. alpha of public services. With returns at this level, applying traditional investment valuation techniques, EverGrow may well be the first new cryptocurrency that could be 100x in 2022, hence the idea of $ 20-30 million in volume. daily transactions is quite achievable.
Company: Evergrow Coin
Email: [email protected]
THE SOURCE: EverGrow Coin
See the source version on accesswire.com: