Newark, Delaware–(Newsfile Corp. – November 5, 2021) – A recently launched project, EverGrow Coin, that has already stunned the world of crypto with its record-breaking growth, is set to become the next big cryptocurrency. One of the most popular features of the EverGrow Smart contract is the fact that it pays Binance pegged US dollar rewards to all holders. Many previous projects pay rewards in the native token, but with EverGrow Coin, the contract automatically converts rewards into a stable currency USD and distributes them to all holders. In just a few weeks the contract has paid out an eye-watering $19 million in rewards to holders.
EverGrow Coin
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Beyond this, as over half the originally issued tokens have been burned, and burned coins do not receive rewards, this means EverGrow Coin holders receive more than double the rewards of a similar coin. With these two factors combined, thousands of holders are taking to social media to share screenshots of their rewards, claiming them to generate a life-changing passive income.
The benefit of this type of reward is that with other projects, the customer would have to sell their tokens to convert them into a viable, usable currency, and selling those tokens would be taxed by the contract. With EverGrow Coin the customer receives their BUSD rewards automatically, and they can be transferred out of the customer’s wallet and spent, or indeed used to buy more EverGrow or other cryptos.
Crypto investors are used to seeing projects go sideways for months or even years with little effort to do more than shilling the price and exchange listings. EverGrow Coin, however, launched in a very different way, and millions of investors around the world are paying attention.
The project went live without the usual hype and paid endorsements. Instead, their team of experienced blockchain, marketing, and finance professionals communicated to their rapidly growing investor-base through regular live video Q&As, known in the crypto world as AMAs (Ask Me Anything). This is seen very rarely in newly launched cryptocurrencies, where a project has taken such a transparent and open approach, and investors have been incredibly impressed by the ease and openness with which the team has regularly presented to the public.
EverGrow teased how their upcoming platform would compete head-to-head with leading content subscription platforms by offering ‘ commission-free’ access to potentially millions of fans worldwide.
Platforms like OnlyFans and Patreon take as much as 20% commission, while EverGrow utilities are designed to create turnover and trading volume for EverGrow coin, so there is no direct need for revenue. The reason trading volume is so important for EverGrow is because 8% of all Buys, Sells & Transfers are paid to all holders in a stable currency, Binance USD.
Content creators would be able to receive EverGrow Coin as their default payment option, but if they preferred to receive FIAT or other cryptocurrencies, they would pay a small commission. That commission would then be used to buy EverGrow Coin, creating more income for all EverGrow Coin holders, and then those coins would be burned, meaning they are permanently removed from circulation, decreasing the overall supply of EverGrow Coin and increasing the value of remaining coins.
This ground-breaking concept …….
Source: https://finance.yahoo.com/news/evergrow-coin-newly-launched-cryptocurrency-123100879.html