Let’s first discuss what Everegrow Coin is before going into how to buy Evergrow Coins. Cryptocurrency space is now widely adopted by many people using the internet. Most look for the best ways to make investments and diversify their portfolio to minimize the risk. Through this article, we will discuss one of the best and most popular projects -The Evergrow coin, and share all the essential information about it.
But there are many projects in which you can invest and earn some profit. One such micro-projects are the shitcoins. Although they do not have strong fundamentals, many invest in them and gain massive profits. Some common cryptocurrencies like bitcoin and Ethereum are on the top list of most invested cryptocurrencies.
- 1 What Is EGC & How To Buy Evergrow Coin?
- 2 Is The Evergrow Coin A Good Investment?
- 3 Where & How To Buy Evergrow Coin (EGC)?
- 4 How To Buy Evergrow Coin?
- 5 Pros & Cons of Evergrow Coin
- 6 Future Of Evergrow Coin
- 7 Final Verdict On How To Buy Evergrow Coin
- 8 Frequently Asked Questions
What Is EGC & How To Buy Evergrow Coin?
Evergrow coin (EGC) is the cryptocurrency launched on a Binance smart chain. It is designed to be a deflationary token and yield generating. According to their roadmap, they have implemented a layer two solution on the Binance Smart chain.
All the Evergrow coin investors can earn 8% of every transaction, such as the transfer of EGC tokens. And the rewards are paid out every hour to the holders of the EGC token. In much more detail, the Evergrow coin contract has implemented a feature where they charge a 14% of the total value while transferring from wallet A to wallet B.
- 1% of the fee is transferred to the marketing funds pool.
- Two percent is transferred for the burn and buyback program.
- 3% is transferred to the LP pool on Decentralized Exchange like Pancakeswap.
- 8% is distributed to all the token owners.
For example, when you make a transaction of 0.1 BNB worth of Evergrow Tokens, the receiver or the buyer would receive only 0.086 tokens.
The total supply of the Everygrow coin is one quadrillion. And during the launch, almost 50% of the Evergrow (EGC) tokens burnt. The buyback and the burn program helps the developers to buy the BUSD, which is used for numerous use cases such as maintaining the token’s price.
Is The Evergrow Coin A Good Investment?
Evergrow token allows the token holders to earn passive income. As per the top Investment professional and Evergrow (EGC) chairman Sam Kelly, it is essential to research and build a complete strategy for investing. Also, various experts expect Evergrow coins to be held for 3-5 years.
The cryptocurrency market is quite volatile; hence, to solve this problem, Evergrow coin charges 14 percent of tax and distributes it as a reward to different token holders and programs.
Although the Evergrow coin is susceptible to price volatility, the reward mechanism minimizes that risk. Further, the investor base of the Evergrow token is relatively small, which makes it to the list of highly potential and rewarding cryptocurrencies in the future. Also, as we discussed earlier, the Evergrow team has many more products in the roadmap, eventually increasing the token’s value.
💡 How To Buy Evergrow coin Note: Evergrow coin is a profitable long-term investment.
Where & How To Buy Evergrow Coin (EGC)?
There are a lot of decentralized exchanges, and centralized exchanges, where the Evergrow coin is listed. One such exchange is the Digifinex exchange. It is the top 10 cryptocurrency exchanges with massive liquidity of the EGC token.
If you want an Evergrow coin at the lowest price, you can buy it on the Pancakeswap, a decentralized exchange. To purchase an Evergrow currency on Pancakeswap, you need to swap your BNB token for EGC tokens. But you should never forget that there could be a slippage fee or a tolerance of up to 12 percent while buying it from Pancakeswap.
How To Buy Evergrow Coin?
There are a lot of exchanges like we discussed before to buy the Evergrow coin. This section will discuss some of the primitive steps you must follow while purchasing Evergrow tokens.
1. Open An Online Account
You need to open an online account to trade cryptocurrencies and buy them. The account opening process is relatively straightforward. You must provide all the essential information about yourself, such as your email ID, Name. And Further, do the KYC. The KYC is quite an important step. Hence you should always provide the correct documents. Else, your application could get rejected.
2. Buy A Wallet (optional)
Although most centralized exchanges offer a wallet where you can keep your cryptocurrencies safe, if you want to use any third-party wallet, you need to install a software wallet or buy a hardware wallet. If you are looking to buy a hardware wallet, there are a lot of choices available such as the Ledger, Trezor, and many more.
3. Make Your Purchase Of Evergrow Coin
Once your account is validated and opened, you can choose a pair such as BUSD/EGC or any other pair and place an order. Before you place an order, you must fund your wallet with the required tokens. For example, to buy EGC tokens through BUSD, ensure you have enough BUSD tokens in the wallet.
Pros & Cons of Evergrow Coin
- The reflection token offers a user a facility to earn passive income.
- It is still at a low price, meaning there is a lot of space for it to grow and provides enormous returns.
- Regular AMAs are conducted, and all the details are shared on social media handlers, making it more transparent.
- There are some excellent products in the roadmap that the team would be further developing.
- It is still new. Many scams have happened in the past, so one should be careful.
- There is no validation for the regulatory environment for the tokens like Evergrow.
- It is always prone to price swings since it has a tiny market cap.
Future Of Evergrow Coin
In recent surveys and cryptocurrency talks, many people are betting on Evergrow Coin and expecting it to reach 1 USD soon. The unique features like buyback and burn and various other mechanisms like tax charges would help to inflate the EGC price. In comparing it with the other Cryptocurrency tokens like Shiba INU, the Evergrow team has burnt a lot more tokens than any other token.
Further Evergrow team is planning to build more products, which would catalyze Evergrow Coin Value’s growth.
💡 How To Buy Evergrow coin Note: Keep in mind that EverGrow is not as well-established as Bitcoin or Ethereum.
Some Of The Future Launches Of The Evergrow Team Are The Following
✔ Oracle-based NFT game :
A play-to-earn fantasy game built on BSC.
✔ Staking Pools:
A yield earning opportunity for the EGC holders.
✔ NFT lending platform:
A platform that allows users to borrow or lend their NFT tokens.
✔ An NFT marketplace:
A place where creators can buy or sell NFTs.
✔ Evergrow Wallet:
A wallet to make transactions.
✔ Evergrow Exchange:
A decentralized exchange where traders can invest or trade traditional cryptocurrencies.
✔ Multiplayer Online Battle Arena Game:
It will be the expansion of the Oracle-based NFT game.
Final Verdict On How To Buy Evergrow Coin
If you are looking for how to buy Evergrow coin, Keep in mind that EverGrow is still a young currency and is not as well known as Bitcoin or Ethereum. You should determine your own risk tolerance and take appropriate precautions when investing. Recently, the Evergrow Coin has gained a lot of attention from retail investors and the crypto community. They have a unique tokenomics, with a complete focus on helping traders to minimize their risks and earn a passive income. Also, the Evergrow team is working on many products, which would open up various opportunities for the Evergrow coin investors to earn incentives.
Its recent partnership with Binance shows that they are pretty legit and serious about the project. And would like to work on it for the long-term growth of the Evergrow Coin. The advanced mechanisms would prevent price volatility and generate more income for the token holders. If you are looking for some token with a low supply cap with a promising Roadmap and utility, you should try exploring Evergrow coin and diversify your portfolio.
Frequently Asked Questions
EverGrow Coin uses the concept of deflationary tokenomics. Whenever someone sells or buys the EGCtoken, the total supply is decreased by burning the tokens. This would eventually increase the price. They have some unique programs like buyback and burn tokens, using BUSD collected from burned tokens to repurchase EGC coins.
As we discussed, EverGrow burns the tokens for every activity, and the price can reach 1 USD. But this would take a lot of time. Hence while investing, you should be pretty careful.
When writing this article, the Evergrow token price is 0.000000137 USD. Evergrow crypto aims to reach higher prices. Also, it is now gaining a lot of attention and will soon be listed on big exchanges. Eventually, this would attract a lot of big investors and crypto traders.
Currently, the Evergrow coin market cap is relatively small. Hence, it is not yet listed on the Binance. If the price and the market cap increase, the Evergrow coin could become eligible to be listed on Binance. Currently, it is available on Pancakeswap ( A decentralized exchange on the Binance Smart chain ).
As per the social media handlers and their activities, the Evergrow coin is legit. And it is genuinely working on various products listed on the roadmap. Also, there is nothing done by the Evergrow team to make investors feel it is not a legit project.