EvaGrow could pull off a daring come from behind similar to Shiba Inu, or may become another victim to a crypto winter. This deep into the crypto-underworld, everyone is at the mercy of luck.
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The cryptocurrency scene has seen a parabolic rise with new all-time highs not only for Bitcoin and Ethereum, but also their little siblings. Shiba Inu made a powerful run to finally claw its way past Doge for the briefest of moments. Harmony One, Solana, and dozens more all broke new highs. A person could almost throw a dart at any random coin and turn a profit.
Still, all of the above mentioned are mid-cap to large-cap projects. It’s the seedy underbelly of the crypto world where swaps and trades are made that is seeing massive gains. While some projects will rug pull, cough-Squid Game-cough, others such as EverGrow have made life-changing money for thousands.
EvaGrow, a new competitor, is attempting to mimic EverGrow’s success in the same fashion that Shiba Inu emulated Doge Coin’s. Can EvaGrow replicate the success of EverGrow?
EvaGrow is a near-identical fork of EverGrow. 6% of every buy and sell is distributed to holders in the form of Binance-Pegged USD (BUSD) which is a stable coin of the Binance Smart Chain similar to USDT and USDC. One dollar is one pegged-dollar in the stable coin world.
2% of every transaction is transferred into Liquidity Pool for Pancakeswap to create a stable price floor. Pancake Swap is a BSC decentralized exchange, or DEX, that is the primary means of swapping Binance Smart Chain coins for tokens such as EvaGrow. 1% of all transactions is allocated to marketing.
Anti-whale mechanisms are all the rage and EvaGrow comes standard with their own brand of it. The Anti-Whale function ensures that no sell amounts higher than 0.125% of the total supply are possible at once. The Anti-whale maximum limit works as an indicator when a Whale is trying to sell their tokens and avoids price manipulations.
EvaGrow’s initial liquidity is locked on PancakeSwap with a lock-in period of 6 months. This is off limits even to the developers.
So why would anyone invest in a project so similar to the source of its inspiration instead of the original? The team makes the argument that the opportunity for returns diminishes after a certain point. A billion-dollar investment in EverGrow would require far more time and money to simply double an initial investment than a million-dollar project. The EvaGrow team is banking on greed and impatience to fuel a swift rise up the chart.
So, how’s it working for them? EvaGrow launched at 1500 UTC November 6, 2021 and as of today, they have almost 1000 investors and almost $4,000,000 in market cap. It’s clear that greed, impatience, and FOMO is winning out, but can it be sustained?
To learn more about EvaGrow and their community visit Twitter and Telegram.
Contact Info:
Name: EvaGrow Foundation
Email: Send Email
Organization: EvaGrow Foundation
Website: https://www.evagrowcoin.com/
Release ID: 89052161
COMTEX_396488344/2773/2021-11-07T21:50:15
