The fact that EverGrow Coin has yet to gain traction appears to be the main factor holding it back. However, the team behind it has taken the necessary precautions to reduce the risk of a rug pull.
All of the people behind this token have been doxed. This project has also been verified for know-your-customer compliance. Additionally, the team has gone above and above by disclosing all essential wallet addresses
. This includes management's wallets. EverGrow Coin's crew is active on social media platforms including as Twitter, Telegram, and Discord.
EverGrow Coin is a token that is hyper deflationary. This essentially indicates that the overall amount of EGC available will decrease with time. In principle, this should result in the token's value continuously increasing over time.
The overall supply was fixed at one quadrillion from the start. However, half of the tokens were transmitted to a burn address after the release.
EverGrow Coin's value skyrocketed by 3,792 percent when half of the supply was burned. However, its value has dropped significantly since then. In reality, since November 2021, it has lost about 90% of its worth.
EverGrow Coin remains a small-cap cryptocurrency. Despite the token's rising scarcity, it hasn't witnessed a lot of significant upward movement in value.
EverGrow Rewards And Burn Rate
LBank, BitMart, Coinsbit, and Bitrue are the four primary exchanges where it is traded.
Holders of EverGrow earn BUSD tokens if you stake EverGrow tokens. As a result, anybody who owns EverGrow Coin receives a proportional share of the transaction fees in BUSD. The transaction fees and burn rate function like this:
EverGrow Coin charges an 8% transaction fee on every transaction. And that fee is distributed among all token holders.
In addition, 3% of tokens from all transactions will be sent to a liquidity pool in order to keep the token stable. Furthermore, a smart contract moves an additional 2% of each transaction into a buy-back reserve.
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