EverGrow Tokenomics (Recently Updated)
The word “tokenomics” (token + economics) describes a crypto token’s supply and demand characteristics, tax structure, fees and rewards. EverGrow was the first major token to offer passive stable-coin income via its innovative token distribution strategy and advanced tokenomics. With each transaction (Buy, Sell or Transfer) a 5% transaction fee is applied which is automatically distributed in the following way:
How does it all work? (Pending flow chart update)
Creating a token that rewards its holders with passive income simply by holding the token in a crypto wallet is a new concept and although it may seem complicated at first, the process for holders is actually very simple. The following infographic will help you better understand all the moving parts:
Transaction fees (5%) from Buying, Selling and Transferring $EGC help support the development of project’s ecosystem, generates passive income for holders and is used to stabilize the price. Once launched the utilities will be added to the system and 100% of all net profit will be used for BuyBack & Burn. This will raise the price of the token and create additional rewards for the holders. On May 8th 2023 we updated our Tax structure to 5% and modified the tokenomics. Since launch our prior tokenomics system of 14% tax operated flawlessly, allowing the project to accumulate 139,000+ holders whilst becoming the world’s leading stable-coin passive income token.