So, how to buy EverGrow coin?
Yes, you want to jump straight into buying. For that, there is the most credible source from where you can buy EverGrow coins. And that is PancakeSwap which is the native decentralized exchange of Binance. Before going further into the topic, let’s discuss some basic things about the coin so that the decision to buy this coin will become easy for you.
What Is EverGrow Coin?
EverGrow, or EGC, is a yield-generating crypto that is designed for deflation. There have been other projects like EGC, but here you will find a couple of differences between EGC and other similar coins. When you see the roadmap of EverGrow, you will know that there is so much work to be done.
The purpose of EGC is to give a solution to the BSC or Binance Smart Chain. Every time an EGC transaction happens, the holders get a proportional share. They get the commission in BUSD. This is an intentional strategy so that holders can not become long-term holders who sell for incentives. Every hour, investors get the reward in their wallets. BUSD is a Binance stabelcoin.
The smart contract of EGC tells that both wallets have to give a 14% tax every time a transaction happens. Here is the distribution that the smart contract says.
- 8% is distributed in BUSD to all holders.
- 3% is transferred to the liquidity pool on PancakeSwap.
- 2% is transferred into a smart contract for the Burn program and BuyBack.
- 1% is transferred to marketing efforts.
EverGrow Coin Tokenomics
The total supply of EverGrow coins is 1 quadrillion. Where 50% of the total coin is transferred to a burn address, after this, the rest of the EGC is transferred into our smart contract, and the buyback and holders can use it to purchase Binance Coin (BNB). Users can buy EGC with BNB, and every time someone buys EGC, the BNB goes to a burn address. Every day, burn, and buyback programs reduce the circulating supply, and this leads to positive price action.
According to the whitepaper, this year is going to be busy. Here are the upcoming launches this year. Every time someone buys or sells EGC, there will be a 14% tax that will be imposed. The taxes will then be distributed like this.
For example, there is a transaction of 0.1 BNB worth of EGC is sold. The current price of EGC is- 1BNB= 625,836,000 EGC. As per the tax, the total taxed amount will be 534,900,000 EGC. This means the buyer will get 0.86 EGC. If that person sells immediately, then the person will be left with 0.75 BNB (If there is no change in the price of EGC). In this case, you have to hold EGC for a long time, and on the other hand, other investors need to do a lot of transactions. And this is how you can make up for your losses.
EverGrow Coin Launch
According to the whitepaper and roadmap, this is how the project has accomplished things.
1. Quarter 1, 2022
EverGrow introduced its content subscription platform named Crator!
Users started able to trade and mint NFTs, the marketplace was launched.
Users started to borrow with NFT collateral.
The platform started to prove users to stake and earn.
The P2E platform began, and it was based on BSC.
2. Quarter 2, 2022
In the second quarter, the platform started its native wallet where users could buy, sell and swap different cryptocurrencies.
3. Quarter 3, 2022
In the third quarter, the platform was able to launch its online multiplayer game- the Battle Arena. It was an expansion in the Oracle-based NFT gaming platform. And the best launch was the EverGrow exchange. This was a traditional cryptocurrency exchange where people could buy, sell, and swap almost any cryptocurrency. This was a seamless tokenomics integration that allowed rewards where users could automatically pay currencies to the holders.
EverGrow Coin History
Before getting into the buying procedure, let’s see a brief history of the coin. So that you will get a basic knowledge of EGC. So, the coin was introduced in September 2021, and at that time, it was in its presale. Within only seven minutes, the coin successfully reached a hard cap of 450 BNB. The maximum value of this coin in November 2021 was $0.00000325.
After a couple of days, the coin decreased its value by over 82%, and the price became $0.0000005721. After a couple of months, the price became $0.000002241. And then there was a price drop occurred again, and this time, it was 72%. After that coin started gaining its value, but the crypto crush in 2022 hit it again. Right now, the price is $0.00000007669.
How To Buy EverGrow Coin?
So, how and where to buy EverGrow coin? Here are the steps that you need to follow.
- First, you need to open an online account either on BitMart or on PancakeSwap.
- You have to have a cryptocurrency wallet. So you can either buy one or have one. (Because of PancakeSwap, my recommendation is to open Binance Wallet)
- Now, it is time to purchase BNB coins. You can trade that with your existing cryptocurrency or fiat currency. ‘
- It is time to trade EGC with BNB coin.
There is a common question that most people ask, whether it is a good investment or not, so we will talk about this in conclusion.
What Are The Risks Involved With Investing In EverGrow Crypto?
Well, there is always a risk involved with investing in cryptocurrency. And this one is no exception to that. And with any kind of investment, it is important to think about the probable risks before taking any decision.
One of the most important factors to consider in Evergrow is that the market is volatile. Crypto markets are known for their high volatility, meaning that the price can fluctuate at any time and fall drastically within a short span of time.
This could happen because of various different factors, like market sentiment, technological advancements, and regulatory changes. For instance, news of a regulatory crackdown on cryptos can drop the price suddenly, which in turn would make a loss for the investors.
Another thing that you have to consider is regulatory changes. The crypto industry is still new and does not have widespread regulation. Governments from all over the world are struggling with how to regulate this crypto, as it can cause a sudden change in the regulatory and legal landscape.
These changes can have an impact on the viability and value of the Evergrow coin. It is important that you stay updated on these developments and understand how they affect the crypto market.
Additionally, the stability of the crypto industry is important to consider before making an investment. In recent years, crypto has become popular, but there is still a lot of risk that comes with market adoption and technology.
For example, there are vulnerabilities like security breaches or adoption, which can result in loss. Moreover, the adoption market of cryptocurrencies varies for all regions, which can impact their long-term growth.
The crypto market has an evolving and complex nature, so it is important that you take advice from professionals or investors who have experience in this field. They will be able to provide insight into the upcoming risks and the benefits of investing in cryptocurrency.
Our Verdict
So, I guess now you get the answer to how to buy EverGrow coin and from where you can buy them easily. Now, the question is whether you should buy this coin or not. First of all, according to the smart contract, you have to pay a lot of amount as taxes, and secondly, the coin has failed to show any good trajectory in terms of price. But, the current price is low, so that you can invest a small amount for the future. But the investment has to be long-term.
If you have any other questions, feel free to ask in the comment section below.
Thank You.
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