EverGrow Coin has become one of the rapidly-growing cryptocurrencies on the Binance Smart Chain as it is altering DeFi tokenomics with its revolutionary smart contracts. EverGrow recently achieved the barrier of 117,000 token holders after awarding $30 million in BUSD as prizes.
Following its plans to ensure a price rise, EverGrow has already burned 52.25 percent of the total supply, which is 1,000,000,000,000,000. EverGrow was trading at $0.00000078 on Coinmarketcap with a 24-hour trading volume of $1,684,308.
Moreover, every transaction in BUSD awards an EverGrow Coin holder an 8% reward, which is promptly paid to the holder’s wallet. The cryptocurrency can currently be purchased on the following exchanges: PancakeSwap (V2), BitMart, Coinsbit, Zt.com.
EverGrow Tokenomics
EverGrow token keeps improving in value since every transaction between two ECG wallets, including Buy or Sell transactions on decentralized exchanges like Pancakeswap, is taxed at 14%.
In addition to ECG holders’ capital gains, they also receive 8% of every buy, transfer, or sell transaction in BUSD, providing them with a second source of income. Not only that, 2% of each transaction is utilized for strategic BuyBack & Burn, which means the purchased tokens are permanently removed from the market circulation.
Basically, 1% of each transaction is transferred to the marketing wallet, which is used to fund marketing, utility & ecosystem development, and community development, allowing the platform to expand and thrive.
EverGrow also employed an Anti-Whale Mechanism that prevents any single sell order worth more than 0.125 percent of the total supply of EGC. Platforms like Crator, a twitter-like social media platform where influencers may offer premium content to their audience, are part of the EverGrow Coin Roadmap. Apart from Crator, the NFT Marketplace and lending platforms, as well as play-to-earn games and staking pools, are set to open in Q1 2022.
Continue reading on CoinQuora
Source: Cryptocurrency - investing.com
