EverGrow (EGC)

Discover the basics of EverGrow and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Nov 22, 2022
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About EverGrow

What is EverGrow?

EverGrow is a cryptocurrency that generates passive income for those who hold it. The self-styled ‘leading stablecoin rewards token’, EverGrow offers a way to earn regular rewards with cryptocurrency, and an alternative to more traditional methods like rental income or stock dividends that are not an option for many people.

How does EverGrow work?

EverGrow works by offering EGC holders a cut of the transaction fee every time the EverGrow coin is bought or sold. Each transaction comes with a fee of 14%, of which 8% is paid to EGC holders. These payments are made in BNB. 2%

2% of the transaction fee is burned (destroyed), which ensures the EverGrow token is deflationary and the supply will reduce over time. The remaining 2% of the transaction fee goes into a liquidity pool.

How is the EverGrow network secured?

EverGrow is built on the BSC Chain (Binance Smart Chain). It’s secured through a hybrid Proof of Stake and Proof of Authority consensus mechanism. Users stake Binance coin in order to become validators, at which point they can approve new transactions.

What is EverGrow used for?

EverGrow exists in order to generate passive income. The only use for the coin at the moment is as a store of value that pays out staking rewards. There may eventually be an EverGrow ecosystem to sell NFTs and offer games, but the proceeds will be used to pay out more staking rewards to EGC holders.

Why does EGC have value?

EverGrow’s unique feature is the fact the rewards are paid out in BNB rather than in kind. BNB is a larger and more popular coin than EverGrow, so rewards paid out in that cryptocurrency have a more stable value.

This is better than being paid out in a small, volatile coin where the value of your rewards could sink dramatically if the price of the coin falls.

Who created EverGrow?

EverGrow was created by Praveen Rai and Ajeet Singh. Together they brought a background in marketing and blockchain development, which helped the EverGrow project to launch successfully in September 2021.

Subsequently, renowned crypto investor Sam Kelly put money into the project and joined the EverGrow team as Chairman.

Where can I buy EverGrow?

You can buy EverGrow on a decentralised crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in EverGrow?

The simplest way to invest in EverGrow is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

More about the EGC price

What is the EverGrow price today?

The EGC price is currently $0.000000092, as of October 24, 2022. The price of EverGrow is down 74.44% over the last year. You can use the live EverGrow chart to track the EGC/USD price in real time above, or compare the EverGrow value today to its past performance using the EverGrow price history tab at the top of this page.

What is the price prediction for EverGrow?

The average EverGrow price prediction values the coin at $0.000001 to $0.0000015 by the end of 2023. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

What is the total supply of EGC?

The circulating supply is 469,541,106,148,050 EGC, out of a total maximum supply of 1,000,000,000,000,000 EGC.

Are there any EverGrow alternatives?

EverGrow’s competition comes from cryptocurrencies that are designed to be held for the long term or which pay high staking rewards. Here are some of the leading EverGrow alternatives.

  • Binance coin. Binance coin is a stablecoin created by the Binance exchange.
  • Polkadot. Polkadot is a cryptocurrency that pays a high staking reward.
  • Tezos. Tezos is an eco-friendly cryptocurrency that’s built on Web3.

More crypto guides

FAQs

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Recent EverGrow price analysis


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.