Introduction
The cryptocurrency market has been nothing less than a roller coaster of ups and downs so far in 2022. However, some recent well-performing tokens of late have kept investors optimistic about their future. PolySwarm and Santos FC Fan Token have stayed immune to the dip. But no other crypto can compare to the EverGrow Coin (EGC), which has a special place in the heart of investors who believe in strong fundamentals.
And the good news is EverGrow is expected to make a comeback soon, if we believe the opinions of experts. Want to know why? Read on and learn more about the promising EverGrow crypto.
EverGrow Deflation Mechanism and its Positive Impact
EverGrow Coin (EGC) is a cryptocurrency with a built-in deflation mechanism. This means that the total number of EGCs will decrease over time. The idea behind this token is that it will steadily increase in value over time. And with the release of the EverGrow Coin, we’ve seen the burn happen and work exactly as per expectations. The total supply for the EverGrow coin was set to one quadrillion. But, upon release, 50% of the tokens were sent to a “burn address.” This had a major effect, sending the value of EverGrow up by 3792%.
However, with all the cryptos falling apart after Terra Luna meltdown in 2022, EGC has also experienced a drop in value. But it has extremely good fundamentals, which has kept the investors interested.
EverGrow Coin’s Biggest Drawbacks
EverGrow Coin is, without a doubt, an interesting way to diversify your portfolio. However, EverGrow’s trading volume isn’t listed on any list of top exchanges, which is also a problem when it comes to price stability.
EverGrow Coin can be traded on five exchanges. However, one of those exchanges is not inaccessible to U.S. residents.The four exchanges accessible to people living in the U.S. are LBank, BitMart, Coinsbit, and Bitrue.
That being said, interest in crypto is dropping across the board due to the rapid depreciation in its price in the recent past. When we consider the current scenario, a person might not be too keen to create a new account with a different exchange. And this could be an investment killer. But in the recent future, we can expect this situation to change.
It is likely that one of the big exchanges, such as Binance or Coinbase, will list EverGrow at some point in the future. But unless this happens, the EverGrow Coin faces a definite risk.
What Makes EverGrow a Potential Winner for Investors?
EverGrow Coin is based on the Binance Smart Chain. The process of calculating transaction fees and burn rate is as follows:
- EverGrow Coin charges 8% per transaction.
- EverGrow charges a small fee for services. That fee is then spread throughout the community to all of our token holders and will go to increase fiat payouts.
- 3% of tokens created during transactions will be used to maintain its stability in the market, ensuring that there are enough transactions
- Besides earning money on building out your token infrastructure and using it on the acquisition, every transaction is also moved into a smart contract buy-back reserve.
EverGrow Coin’s Transparency Sets It Apart
EverGrow Coin is a relatively new ICO that hasn’t gained popularity in comparison to other coins. The EverGrow team has undergone the obligatory steps to reassure people they won’t be betrayed.
The team behind this token has all been doxed, which means their identity is revealed. And the whole project has been KYC-verified.
The EGC team has done their best to assure the investors that there won’t be a rug pull. They have gone out of their way to release the wallet addresses for any content that gets released. Do you know that the EGC team has also released the wallet addresses of the management? This is definitely not something that is done by crypto developers.
On top of that, the people behind EverGrow are on Twitter, Telegram, and Discord. Therefore, the investors are expected to get timely updates about the future of EverGrow.
EverGrow’s Strong Fundamentals Explained
EverGrow Coin is a really interesting investment opportunity if used on its own. As this industry is still very new, it’s not too late to get started. And since the market is still developing, you can take advantage of its potential by entering now. But, there’s always the risk that this token never quite catches on.
User retention is the key to a successful incentive program & without a large user base, the incentive programs we have just have less appeal. There are a lot of great upcoming EGC projects that can possibly lead to the realization of an outstanding future.
Like most other cryptocurrency projects, EverGrow plans to launch an NFT marketplace in the near future. There are now apps for developers that can be made and distributed without the need for any centralized authority. In the future, it’s possible that there’ll be a content subscription platform, stake pools, and a game that will reward winners with NFTs.
Final Thoughts
We simply can’t wait to see what else the long-term plan for EverGrow Coin has in store! Some upcoming features that they’re working on are a desktop wallet and an exchange. They have multiple plans in the pipeline, which are based on the trends in crypto.
So, let’s keep our fingers crossed and hope that this project reaches the heights that it is expected to attain. And if that happens, it wills surely become the catalyst that the crypto industry needs.
Also Read: What will happen to Cardano in 2022? Will there be a price surge?