NEWARK, DE / ACCESSWIRE / March 9, 2022 / EverGrow Coin is fast achieving its goal of becoming the number 1 crypto for passive income generation. The project has just announced hitting $35 million in rewards paid out to coinholders inside five months of operation. That’s an average of $260 per investor, paid out daily and automatically to your wallet.
Reflection tokens have been a growing part of the DeFi (decentralised finance) space since around a year ago with the launch of Safemoon. DeFi projects are growing faster than all other top cryptocurrencies as they allow crypto investors to earn more for their money.
EverGrow Coin is similar to DeFi projects that have come before, but with key updates. In this article we’ll look at EverGrow Coin’s roadmap for becoming the top crypto for passive income and outshine Shiba Inu.
$35 million in stablecoin reflections
Whereas reflection tokens like Safemoon reward coinholders in a native token, EverGrow Coin has been paying investors in stablecoins. Specifically, in Binance pegged US Dollars (BUSD). BUSD can be quickly transferred on exchanges like Binance (the world’s largest crypto exchange by volume) as well as apps that build on the BNB Chain, such as Trust Wallet, PancakeSwap and more.
Stablecoins have distinct advantages as a reward. They are far less volatile than cryptocurrencies, which can see dramatic price swings within the space of a few hours. This makes them valuable to EverGrow Coin investors even during a bearish market.
Reflections are financed through a 14% tax on all EverGrow Coin transactions. The largest 8% of this tax is distributed immediately in BUSD to coinholders, with a further 3% transferred to a liquidity pool, 2% for strategic coin burns and 1% for marketing. Coin burns help to regulate EverGrow Coin’s scarcity and price and include the 8% reflection tax meaning that all investors benefit from burn activity.
The taxes and limits on sells also discourage crypto whales from buying and selling EverGrow Coin in bulk – if they do sell, then EverGrow Coin investors should still see income trickle down in reflections.
Applications to drive positive volume
With a strong reflection mechanism in place, EverGrow Coin’s team of developers and finance professionals are currently ramping up volume. This will be done through imminent rollout of two key new applications: an NFT Marketplace and the world’s first crypto-integrated content subscription platform, Crator. In particular Crator will compete with platforms like Patreon and OnlyFans, offering just 5% commissions compared to Patreon’s 9-12% and OnlyFans’ 20%. Blockchain technology can also speed up transactions, which presently remain pending for 8 days in OnlyFans’ accounts before withdrawals can be made.
Even better for EverGrow Coin investors is that EverGrow Coin will be a native token of the platform. Consumers can tip, take out subscriptions and pay for advertising in crypto – with any taxes on EGC payments increasing reflections to investors. Furthermore the EverGrow Coin team has revealed all profits will be used for strategic coin burns, which will also lead to more reflections and price hikes in EverGrow Coin.
https://twitter.com/EverGrowSam/status/1501124326069784581
According to a Tweet from EverGrow Coin chairman Sam Kelly, the team is considering distributing 100% of profits directly as rewards. The finance professional added that, at EverGrow Coin’s current market cap, profits of $10 million per month would see holders receiving an additional 50% APY each year on their investments.
EverGrow Coin is also developing two online pay-to-earn games, while its NFT marketplace will also generate increasing rewards for investors and traders alike.
Find out more here: https://evergrowcoin.com/
EverGrow Coin
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SOURCE: EverGrow Coin
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