- A project that was just established a little over a month ago has grabbed the crypto world by storm
- The project has surpassed 55,000 investors in the last few days, has a market cap of $900 million, and is rapidly nearing $10 million in prizes awarded to holders since inception
- Given the current circumstances, EverGrow Coin intends to open the Marketplace over the next few weeks
A project that was just established a little over a month ago has grabbed the crypto world by storm. EverGrow Coin, a deflationary currency that will become scarcer over time, was launched without the usual fanfare or celebrity endorsements, yet it has risen organically to record levels in a short period of time. The groundbreaking contract was created by a mature team of technologists, marketing specialists, and financial professionals.
The project has surpassed 55,000 investors in the last few days, has a market cap of $900 million, and is rapidly nearing $10 million in prizes awarded to holders since inception. The team has built a dashboard that allows anybody to keep track of the prizes paid out by the contract, both for individual wallets and as a whole. This is accomplished using the project’s Tokenomincs and smart contracts. It uses BUSD to re-distribute 8% of every transaction that occurs in its network to the community. This implies that holders have direct access to earning passive income in dollars rather than having to exchange any other token to do so.
Because half of the tokens were destroyed before launch, and another 1% has been burned thereafter, the currency is twice as lucrative as its nearest competitor. The Airdrop and Team Wallet, which account for another 5% of the total, are both locked and do not get any incentives. This indicates that the awards are spread among just 44% of the total coins, implying that everyone has a far larger proportion. According to the roadmap, the EverGrow team wants to build numerous products in its Ecosystem to boost the utility of EGC Token.
The Binance Smart Chain-based NFT Marketplace and Content Subscription Platform will be part of this. Many comparable initiatives have depended on hype and endorsements to boost the price, rather offering practical utilities that will attract people to buy and use the coin. The team recognises this as an important component and recognises that it is required. Last month, one of the most popular Ethereum Chain-based NFT markets had a $3.4 billion transaction volume before stalling on Sunday last week. This was owing to the Ethereum Chain’s slow block confirmation time and exorbitant fees. As a result, the NFT market on the Ethereum chain has been moving slowly.
Similarly, Solana suffered from weariness in September due to a tremendous influx of media and liquidity. The expansion of NFT inventiveness on the chain is to blame for all of these issues, making it even more critical to develop better and more solid solutions. The EverGrow NFT Marketplace, which is based on BSC, may be able to fill this void. Given the current circumstances, EverGrow Coin intends to open the Marketplace over the next few weeks. Creators will be able to mint their NFTs and sell them on the EverGrow NFT Market.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.