NEWARK, DE / ACCESSWIRE / February 16, 2022 / Any serious crypto investors will know about rewards tokens. Rather than investing in a crypto token and waiting for its price to rise, rewards tokens pay you while you wait. Rewards tokens make you passive income, in other words, without you doing anything. Just keep your position and watch the coins accumulate in the crypto wallet of your choosing.
SafeMoon has long been one of the world’s top rewards tokens – the ‘reflections’ system sees SAFEMOON holders receive extra tokens by virtue of holding the crypto in their wallets. According to the team’s white paper, the ‘reflect mechanism’ adds incentive for SafeMoon holders to keep tokens for longer.
Earlier in February 2022 EverGrow Coin announced a high-profile partnership with SafeMoon. You can now buy $EGC tokens on the SafeMoon wallet, but the partnership also saw EverGrow join SafeMoon as some of the best known rewards tokens in the crypto space. A key difference with EverGrow however is that ‘reflections’ are paid out in BUSD – rather than the native $EGC token. (BUSD = Binance pegged US dollars). This stablecoins has real-world value and can be quickly transferred 1-for-1 into $USD to make instant purchases.
There’s also more news coming out of the EverGrow camp in February 2022 – over $34 million in BUSD paid out to date. For a project not yet 5 months old, this is an exciting use case for both BUSD and passive income generation. Any transactions in $EGC are taxed with 8% redistributed out to coinholders, every day adding to the $34 million already paid to date. EverGrow has therefore become the #1 BUSD rewards token on the Binance Smart Chain. Few crypto projects have achieved so much in so little time.
EverGrow Coin’s contract created by top team of developers and finance professionals also add on a 3% tax from every buy/sell transaction. This is sent to a Buy-Back wallet, which buys up $EGC and burns it to increase scarcity and drive up prices. This makes EverGrow Coin also among the most exciting deflationary tokens to hit the market in recent months. A further 2% tax is taken from buy/sell transactions to create a liquidity pool on Pancakeswap, and create a stable price floor.
But EverGrow Coin aren’t done yet. New projects in development for 2022 including NFT lending, an NFT marketplace, a content creation platform (Crator), staking pools and a play to earn game (P2E). Crater is currently undergoing beta testing, and when launched will become the world’s first crypto and fiat-integrated social media platform. NFT lending will also let crypto investors use their NFTs as collateral for borrowing.
Many analysts have predicted EverGrow Coin to become the next newcomer to the crypto top 20 – and these strong fundamentals are proof of why. Few projects have jumped to the #1 spot in so many crypto spaces within five months. With a market cap currently at a modest $300 million, $EGC is a key token for 2022 especially as investors seek new projects to back during this period of high inflation (7.5%). With its real-world rewards benefits, EverGrow Coin should make up a portion of any serious crypto investors’ portfolio.
SOURCE: EverGrow Coin
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