EverGrow ($EGC) is a deflationary token designed to become scarcer over time. Eligible Holders* of $EGC will earn an 8% reward from every Buy/Transfer/Sell Transaction in Binance pegged USD ($BUSD), which is automatically sent to your wallet. This generates a stable passive income.
Why Hold EverGrow?
There are various strategies in place to decrease the supply of EverGrow over time, meaning individual holdings will become more valuable and receive a higher proportion of rewards.
Via BuyBack & Burn, 2% $EGC is collected from every transaction and converted to BNB, which are stored in the contract. When BuyBack & Burn is enabled, the contract purchases $EGC directly from exchanges, driving the price up, and immediately and permanently removes those purchased tokens from circulating supply by sending them to the contract ‘Burn’ address. This means less circulating supply, so a higher share of rewards paid to holders.
EverGrow are also launching a series of utilities and platforms over the coming months, which will all generate revenue independently. Rather than this revenue going to the EverGrow founders and staff, all profits will be used for further BuyBack & Burn, generating positive price action, and removing more tokens from circulating supply and rewards eligibility.
The founders and team can only generate income and operating revenue via the same rewards system investors benefit from, fully aligning investors and those running the project with one common goal.
Abstract Integration With EGC
The Abstract have benefited in a few ways from the EGC integration. We will have the EGC wallet integrated into the UI of the abstract. So the user will have access to and ability to purchase, exchange, or sell crypto. As the exclusive currency of the world it will be the only way to purchase in world content or items. Secondarily, the EGC partnership will integrate Crator and all of the content creator functionality there. Crator will also function as the in world social network. You will add friends, communicate, post and get updates, etc. Lastly we will be working on a blockchain based login system. Using the blockchain technology to create a secure connection.
For more information about EverGrow, please visit their website: https://evergrowegc.com/