According to online news sources, the latest cryptocurrency that is making news in the crypto world is a coin called EverGrow (EGC). The coin was first launched around two months back and has since then provided its users with more than $30 million in BUSD rewards. The Binance USD (BUSD) is a Stablecoin that is regulated and managed by the Binance Smart Chain. The defining characteristic of BUSD is that one BUSD unit is equivalent to $1. An online report has stated that the EverGrow cryptocurrency has already been bought by more than 117,000 token holders. According to the EverGrow contracts, around 8% of the transaction value is collected as taxes, which is then distributed to the holders in the form of BUSD.
The team behind the development of this coin has clarified that it is not a meme coin. The EverGlow coin is unique as it is developing a suite of utilities in its ecosystem. The ecosystem will consist of an NFT lending platform and a Binance Smart Chain-enabled NFT marketplace. It has been found that all the utilities of this cryptocurrency will be based on one of the fastest smart chains, the BSC. The holders of non-fungible tokens will be able to borrow Stablecoins like USDT and BUSD on the lending platform by placing their NFTs as collateral.
The suite of utilities planned for the first quarter of 2022 consists of an exchange platform and a cryptocurrency wallet based on the Trustwallet. It has been found that these utilities are currently under Beta Testing, and once they are launched, they will help EverGrow in earning sufficient revenue.