Like any crypto token, EverGrow Coin remains susceptible to price volatility

EverGrow Coin raced past a new milestone of $36 million paid out to its investors this week. With a current market cap of $182 million, that's around 20% of its total valuation rewarded to holders. 

EverGrow Coin was helped over the line by a new listing on the top 10 crypto exchanges of DigiFinex. Trading volume on the exchange has surged past $2 million, and with EverGrow Coin's 14% buy/sell tax (8% is instantly distributed as BUSD reflections) it means investors will have seen over $60,000 added to their bags within 48 hours.   

The EverGrow Coin team Tweeted the latest milestone, saying EverGrow Coin had become the 'most rewarding crypto in history'. But how true is this claim? 

In this article, we'll try to figure out the answer.

More than half of Bitcoin investors in the red

Bitcoin is by far the most well-known and well-rewarded cryptocurrency. After it launched at 2009 BTC prices were just a fraction of a dollar. By April 2011 Bitcoin had become equal to $1. Had you bought up just $10 back then, you'd now have an investment worth $400,000. 

The Bitcoin price surge that occurred in April last year reportedly minted 100,000 millionaires. But for the majority of Bitcoin investors, their experience has not been so rewarding. Recent data published on Money.com in February this year shows that more than half of Bitcoin investors are in the red.

Making a profit on Bitcoin is a combination of investment experience, good advice at the right time, and often sheer luck of the market. While Bitcoin has certainly made thousands of people their first million, it's also seen investors lose a lot of money – like this anonymous crypto trader who told the BBC he'd lost millions in May last year.

EverGrow Coin incentivizes investors to hold positions long-term

According to investment professional (and EverGrow Coin chairman) Sam Kelly, newcomers should approach a crypto investment like they would a traditional investment. That means lots of research, top advice, and a strategy that expects to hold on for 3-5 years before taking a profit.

The volatility of crypto prices makes such long-term holdings difficult – this is where reflection tokens come into play. EverGrow Coin charges a 14% tax on buy/sell transactions, with 8% redistributed as BUSD stablecoin rewards, 3% set aside for strategic coin burns, 2% sent to a liquidity pool, and 1% for marketing. The tax disincentives knee-jerk selling while also paying out daily rewards for keeping your position.

When popular YouTuber Jesse Eckel invested $2,500 in EverGrow Coin for three weeks, he not only got a lucky return due to rising prices (his investment became worth over $15,000) but also made $138 in BUSD. Had EverGrow Coin's price remained exactly the same Jesse would still have seen a 5.5% return on his investment in just three weeks.

Generating crypto passive income even during a market slump

Like any crypto token, EverGrow Coin remains susceptible to price volatility. But the BUSD reflections sweeten the deal for investors even while prices are falling. Remember, reflection tokens still payout rewards even when traders are selling off their assets.

But EverGrow Coin won't become the most rewarding crypto-only through reflections. The next step in an ambitious roadmap will see the rollout of an NFT marketplace, a content subscription platform (Crator), online play-to-earn games, a crypto exchange, NFT lending capabilities, staking pools, and integration into The Abstract metaverse. 

Governed by smart contracts, EverGrow Coin's ultimate idea is for 100% of profits from these applications to be pumped back into passive income for investors. This will happen either through strategic coin burns to drive up the price, or by distributing even greater BUSD rewards when the market is up organically. 

This is why Sam Kelly has called EverGrow Coin more like a 'share in an ecosystem' rather than a currency per se. The point is that your asset generates money without you having to sell it and risk making a loss. 

EverGrow Coin's investor base is still small (137,000) to be able to say it's the most rewarding crypto in history. However, the project has an exciting roadmap that certainly has the potential to grow into this label.