How to Earn Stable Passive Income From Crypto?

Millions of people invest in cryptocurrency to make extra cash, but investing in crypto is not the same as passive income. Investing in cryptocurrency is hard. It requires analysis of trends and nail-biting decisions about when to sell up. Aside from market gains or losses, there's not a lot that's passive about cryptocurrency investments.

Crypto projects might hint at passive income, but can't always surprise you with cash when you need it most – and without doing anything on your side. Enter EverGrow. As one of the biggest crypto launches of 2021, in just four months EverGrow has paid out nearly $34 million in stablecoin rewards.

What does that mean? While other cryptocurrency projects might reward coinholders passive income in the form of a native token, EGC is the first major crypto project to pay rewards in Binance pegged USD (BUSD). That's a stablecoin pegged 1-to-1 with the US Dollar. A swift transfer converts your BUSD into US dollars, and there's your passive income.

According to a recent AMA with EGC Chairman Sam Kelly, the mechanism has seen EverGrow become the 'biggest crypto project paying passive, stable income' today.

EverGrow's mechanism for this – explained on their website's whitepaper– is by taxing each $EGC transaction at 14%. An 8% sum is redistributed to the projects' 135,000 coinholders, while the remainder goes to liquidity, to buy up and burn $EGC and a small 1% to marketing. All this utility contributes to making EverGrow give 'the biggest passive income rewards crypto has ever seen', said Sam during a lively AMA hosted by Crypto Control.

What's exciting about this project is how key team members do not 'pay themselves a salary' off of EGC's growth. Instead, the team's wallet has been published online showing that staff make money only through the BUSD rewards. As Sam says, the team behind EverGrow 'could not be more aligned' with coinholders. "If you're not earning, we aren't earning."

This is not only groundbreaking for crypto, but shows a new community push within the crypto space. EverGrow will roll out the first crypto and fiat-based content creation and social media platform – Crator – in Q1 of 2022 which has great potential to attract new users and deliver even greater rewards. An NFT Marketplace in the pipeline and an online play-to-earn game will also see EverGrow offer real utility and strong fundamentals.

As Sam says, EGC is more like a 'traditional investment' where 'market cap is attributed to true underlying value'. The only way to challenge the $38 trillion market value of traditional stocks is to 'contribute fundamental value' in the way that EverGrow are. 

For anyone interested in crypto – but who maybe doesn't have the time or knowledge right now to analyse and constantly reinvest – EverGrow could be the smartest move this 2022.