What is Evergrow crypto Coin?
Evergrow (EGC) is just one of many cryptocurrencies that has been dubbed “the next Shiba Inu.” That is what initially caught my eye, because in reality, these “shit coins” are the best chance for average people to see huge gains. However after reading extensively about Evergrow, and spending half of a day figuring out how to buy this coin, there are several things that make this token stand out from the pack, because let’s face it, there are so many cryptocurrencies coming out daily, it can be a little exhausting trying to keep up.
Does Evergrow Coin pay rewards?
One notable thing about Evergrow (EGC) is that it awards coin holders with money. According to its website “ All holders of EGC will earn an 8% reward from every Buy/Sell Transaction in Binance pegged BUSD, which is automatically sent to your wallets.” This may not seem much different than other cryptos that offer APR’s, however the unique thing about Evergrow is that the rewards aren’t the coin itself, but Binance-pegged US dollars. This essentially creates a passive income for its users. Evergrow is able to reward its users by taxing every transaction 14% and giving that money back to its holders in the form of rewards. These rewards are given to users anywhere between one hour and a few days from when you purchase your Evergrow, depending on how big of a stake you own.
Evergrow Buybacks and Burns
Another distinct feature of Evergrow is that 1% of tokens from every transaction is converted to Binance coin (BNB) and put into a Buyback Wallet. This permanently removes these tokens from the supply, reducing the total supply, which positively impacts the price of EGC in the future. According to Evergrow’s website, they have also burned 50% of the total supply already. This is something that really sets EGC apart from Dogecoin and Shiba Inu, as both are inhibited by the massive total supply of coins.
Evergrow’s ‘anti-whale’ mechanism
Perhaps the most intriguing feature of Evergrow is their “Anti-Whale Mechanism.”According to their website, “No sale amounts higher than 0.125% of the total supply are possible at once.” This deters huge sellers from selling off their whole supply. Whales can really affect the price of a crypto, even if they are just moving money around, so this feature is another stabilizing aspect of Evergrow, which sets it apart from other up and coming coins.
How to buy Evergrow Coin
This crypto seems to have a team behind it that is dedicated to rewarding its holders, and providing a more secure currency. It can currently be purchased on Pancake Swap by using Trust Wallet. I used this article to guide me in the buying process. I will say if you are used to using only apps like Coinbase and Robinhood, purchasing will come with a learning curve, but if you stick with it, you will learn a lot, and will own a coin that holds a lot of promise for its investors.