What is EverGrow Coin?
EverGrow Coin (ECG) is a prominent stablecoin reward token in the market. It is based on the Binance Smart Chain (BSC) and conforms to the BEP-20 standard, which serves as a framework outlining its usage guidelines.
What sets EverGrow apart from similar products is its built-in token rewards system that allows purchasers to earn passive income in Binance USD (BUSD), even during market downturns.
Furthermore, EverGrow coin is a hyper-deflationary cryptocurrency, implying that its availability on the market will diminish over time, making it increasingly scarce. As a result, the price of the remaining EverGrow coins will rise due to their scarcity.
Since its inception, this advanced mechanism has functioned flawlessly, attracting over 138,000 investors and establishing EverGrow Coin as the leading stablecoin for generating passive income worldwide.
EverGrow Coin is a deflationary and highly stable cryptocurrency. It is built on the Binance Smart Chain (BSC) and conforms to the BEP-20 standard, meaning it can be used to trade instantly and anonymously on the Evergrow exchange.
What sets it apart from similar products is its built-in token rewards system that allows purchasers to earn passive income in Binance USD(BUSD), even during market downturns.
How Does EverGrow Work?
EverGrow Coins are a deflationary cryptocurrency due to its built-in token rewards system. For example, if you purchase 100,000 ECG today, you will receive 3% of the initial supply of ECG tokens in 6 months.
The supply reward is one of the most important characteristics of Evergrow coins; this incentive forces early buyers to start buying and holding ECG as soon as possible.
The amount of tokens available on the market is diminishing over time, coupled with the fact that each time a coin is issued, its price increases. This can be seen in graphic form below.
As the number of coins in circulation diminishes, their prices will inevitably rise as competition for coins increases. In reality, EverGrow Coin works as an investment tool since it is tied to a specific token reward system, meaning it will not result in inflation and can be used as long as you wish.
Cryptocurrency is the future of money, and the time to invest in it is now. Even though cryptocurrencies have grown tremendously over the past few months, there is still much room for their prices to rise even further.
With this in mind, consider investing in various cryptocurrencies since this will help you diversify your portfolio. EverGrow currency utilizes a token rewards mechanism to offer its holders a dependable passive income.
With each transaction, the token’s contract imposes a 14% transaction fee on investors who buy, sell, or trade the token. Of that fee, 8% is returned to investors as BUSD, functioning like a dividend in traditional stocks.
The passive income from BUSD, by merely holding it in a wallet, helps maintain the stability of the token over the long term, even when the value of the EverGrow coin fluctuates.
The remaining 6% is distributed equally among a liquidity pool, buyback and burn, development, and marketing. The project aims to return all net profits to investors as passive income. However, 100% of net profits are now dedicated to buyback and burn.
One intriguing aspect of EverGrow is that its founders and team generate income and revenue through the same rewards program as investors. This implies that investors and the coin’s producers share the same objectives, which EGC Chairman Sam Kelly refers to as a “share in an ecosystem” coin.
Where to Buy EverGrow Coins?
EverGrow Coin is presently accessible for purchase on BitMart and PancakeSwap. Interested individuals may purchase it from these platforms. However, BitMart does not offer services in America so American investors may opt for PancakeSwap as an alternative.
To acquire EverGrow Coin, users can use a compatible wallet and purchase it with BNB or BUSD. The website offers the WalletConnect feature, allowing users to connect their compatible wallet to the EverGrow exchange by scanning a QR code.
Step By Step Guide To Buy Evergrow Coin
1) Research the coin:
Before you invest in a coin, make sure to do your research. While doing so, check the coin’s website and learn about its team members. The best way to learn about the company is by exploring its social media profiles, such as Linkedin and Twitter. This will help you determine if they are a promising company or not.
Before investing in any cryptocurrency, it’s important to research and understand the fundamentals of the project, its team, and its growth potential. Look up the official website, whitepaper, and social media channels for Evergrow Coin to get a sense of what it is and how it works.
2) Choose an exchange:
If you decide to buy a cryptocurrency, you must choose an exchange and deposit funds before completing the purchase. The two most popular cryptocurrency exchanges with the highest number of users are Binance and Bitfinex. You’ll need to find an exchange that lists Evergrow Coin if you want to buy it. Some popular cryptocurrency exchanges include Binance, Coinbase, Kraken, and Huobi.
3) Pick a platform to make your purchase:
Once you’ve chosen an exchange, you must sign up for a trading account. If you already have an account, you can skip this step. Signing up for a trading account may vary slightly depending on your exchange. For example, if you use Binance, the registration process is fairly simple. After signing up with the website and entering some credentials, it’s time to fund your account to be ready for a trade. You can fund your account by transferring funds from a valid bank account (USD, EUR, GBP, etc.) or using a credit or debit card.
4) Create an account:
Once you’ve chosen an exchange, you must create an account and complete any verification steps required to begin trading. This may involve providing identification documents and personal information.
5) Fund your account:
Most exchanges will allow you to deposit funds using a bank transfer or credit/debit card. Make sure to check the fees and processing times for each payment method.
6) Purchase Tokens:
To purchase Evergrow Coin (ECG), follow these steps. Exchange currencies for BTC or ETH in the trading area and then place the order by specifying the amount of ECG you want to purchase. You may also buy the coin directly on the exchange using cryptocurrency.
7) Buy Evergrow Coin:
Once your account has been funded, you can finalize the transaction by purchasing your desired amount of Evergrow Coin. The coin’s price might change slightly between when you deposit funds and buy your coins, so make sure to factor any changes into your calculations. Your trade should be completed within minutes. Once you’ve funded your account, you can place an order to buy Evergrow Coin.
This typically involves choosing the Evergrow Coin trading pair (e.g., BTC/EVG) and specifying the amount of EVG you want to buy. After learning how to purchase EverGrow coins, you may proceed to make your purchase.
Begin by connecting the Binance wallet to PancakeSwap. Next, hover the cursor over “Trade” and select “Exchange” from the dropdown menu. By default, BNB should appear in the upper coin selection area. However, if you prefer another coin for the swap, you can change it accordingly.
It should be visible when searching for EGC in the lower section. In this case, you can add it by visiting the EverGrow page on CoinMarketCap. Copy the contract address for EGC and paste it into the “Select a Token” search bar in the pop-up window. Click “Import,” read the warning, click “I understand,” and then click “Import” again.
EGC should now be visible in the lower coin selection. Enter the amount of the upper coin you wish to exchange for EGC. Adjust the slippage tolerance to 17% by clicking on the gear icon at the top of the swap box, entering “17” in the right-side window under “Slippage Tolerance,” and closing the settings window. To complete the transaction, click on “Swap,” then on “Confirm Swap,” and when your wallet pops up, click “Confirm.” Within a minute, EGC should appear in your wallet.
8) Withdraw your coins:
If you bought Evergrow Coin from a trading exchange, you should confirm your withdrawal from the account. Make sure to withdraw the coins to an address you control; never deposit them directly into a cryptocurrency exchange or third-party wallet. Once the transaction is complete and confirmed, the coins will appear in your cryptocurrency wallet. Once you’ve bought Evergrow Coin, you can withdraw it to your wallet or leave it on the exchange (although this is generally not recommended for security reasons).
9) Store your EVG coin:
Once you’ve bought Evergrow Coin, it’s time to move your coins off the exchange and into a secure wallet. You’ll need to find a secure wallet and transfer the coins. Hackers can steal your coins anytime if you keep your holdings on an exchange.
One of the most valuable aspects of the Evergrow Coin project is that no fees are involved when using it. The coin is traded on popular exchanges such as Binance and Bitfinex without transaction fees. It’s worth noting that buying and trading cryptocurrencies can be complex and risky. Make sure only to invest what you can afford to lose, and consider consulting with a financial advisor before making any investment decisions.
Is EverGrow Coin a Good Investment?
One of the main goals of the Evergrow Coin project is to provide investors with a stable, reliable, independent coin that’s not subject to the wild fluctuations common to most cryptocurrencies. As an alternative cryptocurrency, it aims to make Evergrow Coin more attractive for investors looking for medium- and long-term opportunities.
Evergrow Coin is also a valuable investment because it has been launched via an ICO as part of a unique fundraising initiative. The project started with a pre-sale and continued from there with an ICO that’s open to both accredited and non-accredited investors.
The benefit of the token sale is that the ecosystem will be launched without an initial coin offering (ICO) capital raising, which can be challenging for more established coins on many exchanges.
Since Evergrow Coin is a crowdfunded coin with no ICO, it’s a good option for those wary of garnering criminals’ interest.
If Evergrow Coin is successful, its value will rise along with other cryptocurrencies. Although it’s difficult to predict how much the cryptocurrency will go up in value.
Evergrow Coin is a good investment for those interested in investing on the Ethereum platform and wants exposure to a stablecoin that can be traded globally between buyers and sellers without relying on an exchange.
Conclusion
Evergrow Coin is a decentralized blockchain platform that offers trading and payment solutions. The initial product offering is a mobile app for iOS and Android devices, allowing users to check in at different restaurants and bars to see which offers the best discounts.
Furthermore, it will also allow users to pay with ECG. It’s worth noting that Evergrow Coin has a strong team focused on growing the business rather than marketing it with fake partnerships.
Read Also –
A Brief History of Bitcoin Dominance