EverGrow Crypto - What is It?

12 Dec 2023 by Rory Kejzerko 4 min read

Crypto is slowly becoming synonymous with passive income streams, with EverGrow crypto and its native EGC ($EGC) token being the latest project on the scene.

“EverGrow is the leading stable-coin rewards token, Rewards will be distributed through our revolutionary Evergrow staking contract. When you stake your EverGrow tokens you will receive ongoing BNB & EGC along with other tokens on both the BSC and ETH blockchains!” - EverGrow website.

What Is EverGrow Crypto?

In essence, EverGrow is a stablecoin rewards crypto token. As of December 2023, it has distributed over $39 million to its holders through its innovative passive income system.

With its Chairman and Web3 royalty Sam Kelly overseeing all operations (alongside an experienced team of developers, designers, and marketing specialists), the project launched on the Binance Smart Chain ($BNB) on September 25th 2021. Here, its primary goal was to ascend to the ranks of a top-20 crypto project while spearheading Web3’s revolutionary passive income movement.

Whilst still having some way to go with such ambition - as it currently ranks #4315 on CoinMarketCap in terms of market cap - the project has garnered an impressive global user base that boasts more than 136k holders spanning across 150 countries. Additionally, its social media follower count surpasses 100,000.

The EverGrow Crypto Story

EverGrow was conceived by marketing specialist Praveen Rai and blockchain developer Ajeet Singh, and made its debut on September 25th, 2021. Its EGC presale garnered immense success, selling out within 7 minutes and achieving a remarkable $2 million valuation in just 2 hours.

The project - with its pioneering concept of providing stablecoin rewards - quickly captured the attention of the crypto community, including established investor and entrepreneur Sam Kelly (who later became company Chairman).

In the months following its EGC sale, the project underwent a transformation. Here its original roadmap and utilities were discarded, paving the way for a revamped plan that was unveiled at the end of 2021. This updated roadmap introduces a suite of cutting-edge utilities, each poised to elevate EverGrow to the pinnacle of the crypto landscape. The trajectory of the project was fundamentally reshaped, setting the stage for its ascent among the top projects in the industry.

EverGrow Crypto Rewards

EverGrow crypto rewards are distributed as passive income streams. More specifically, they are generated around the clock through the project’s innovative blockchain-based tokenomics system.

Initially, rewards stem from each buy, sell, or transfer of EGC, proportional to the total EGC holdings. As its suite of revenue-generating utilities continues to broaden, so will its streams of passive income for token holders.

Although still in development, EverGrow is also building a new utilities ecosystem for generating more revenue for holders. As of today, these include:

LunaSky: A cross-chain NFT Marketplace where you can buy, sell, and mint NFTs.
Atlas Wallet: EverGrow’s own multi-chain crypto wallet.
EverGrow Staking: “The new evolution of earning passive rewards”.
Objective Reality: The project’s ground-breaking partnership which will bring its entire ecosystem into an immersive 3D metaverse.
Lucro Gaming: Fun, addictive games designed to generate volume for the Lucro ($LCR) token.

Further, the net profits from these platforms will be sent to the EverGrow crypto staking contract. Here, as holders show support for the project by staking their EverGrow tokens, they will receive ongoing BNB & EGC, along with other tokens on both the BSC and ETH blockchains.

Per the recent Binance debacle - which saw support for its native BUSD stablecoin end - the project recently announced another bullish development for reward-seeking members:

IMPORTANT ANNOUNCEMENT - the discontinuation of BUSD rewards; a NEW ERA OF REWARDS FOR EVERGROW!

As you will have likely seen, Binance have recently announced that they will end support for BUSD on December 15th. We had expected this date to align with the original February… pic.twitter.com/X44r1Vgtvo
— EverGrow (@evergrowcoinEGC) December 2, 2023

Whilst it’s still unsure as to where EverGrow crypto and its EGC token may end up in the next bull run, these factors alone could be seen as causes for bullishness.

EverGrow Crypto - FAQ

How many EverGrow Tokens are there?

EGC has a circulating supply of 465.92 trillion and a max supply of 1,000 trillion.

Who is behind the EverGrow coin?

The team behind EverGrow crypto consists of a group of professionals from the worlds of finance, blockchain, and marketing. Sam Kelly is the chairman of the board and developed the platform.

How often does EverGrow coin pay out?

EverGrow crypto users receive token payouts every 60 minutes.

Further, users who buy, sell or transfer EGC pay a 14% transaction tax. 8% of this goes to $BUSD stablecoin rewards, however this has changed in recent weeks due to the closure of BUSD.

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