EverGrow burn rate rockets past Luna Classic – tipping point?

Did you know the Luna Classic (LUNC) burn rate has fallen -89% in November?

In case you missed it, the LUNC community voted to cut the transaction tax from 1.2% to 0.2% at the end of October. The vote was in the name of ecosystem development – a transaction tax could discourage traders to buy and sell LUNC. 

But is the result really worth it for existing LUNC investors? 

LUNC burn rate falls -89% in November

More than 18.5 billion LUNC tokens entered burn addresses in October. In November so far, just 2.1 billion LUNC has been burned. The difference is that instead of burning LUNC supply down to bring it within range of a $0.1-$1 price in the next 20 years, you'd now need to wait 100 years.

Now, LUNC needs a market cap of $600 billion to hit a $0.1 price – i.e. double the Bitcoin market cap. That's not going to happen anytime soon.

Meanwhile, the burn rate of leading deflationary token EverGrow is up a massive 5,750% in November. EverGrow is on track for $0.001 to $1 price within the next 20 years – and it's only worth $0.00000009 today!

LUNC cut the burn tax to help ecosystem development. But EverGrow is aiming to do both.

Read more about EverGrow here: https://evergrowegc.com/

EverGrow burn rockets 5,750%

EverGrow has a transaction tax of 14%. It's a high tax for many newcomers. So here's how it breaks down:

• 8% converted into Binance USD and paid to all holders – $38 million BUSD paid to date
• 2% used to buyback and burn EverGrow – 5% of circulating supply burned in past 12 months
• 2% used to fund BNB/EGC liquidity pair on PancakeSwap – you can only buy EverGrow on PancakeSwap to ensure the tax is paid fairly
• 2% used for ecosystem development

The 14% total transaction tax is a lot to pay when buying and then selling EverGrow for a profit. But the tax makes long-term holding very, very worth it. Especially when the ecosystem properly launched in September – and the burn rate has rocketed 5,750% in November as a result.

EverGrow burned 22 billion EGC tokens in October. In November so far, EverGrow has burned more than 1.3 trillion tokens – a 5,750% increase.

If EverGrow continues to burn at this rapid rate it could be on track for a price of $0.001 to $1 within the next seven years. At a current price of $0.00000009, we're talking a minimum ROI of 1,110,000%. 

How is this possible?

Read more about EverGrow here: https://evergrowegc.com/

EverGrow burning $500 every hour

In September, EverGrow launched the first NFT marketplace where 100% of revenue is used to burn a native asset – i.e. EverGrow. The marketplace (LunaSky) as well as sales of EverGrow NFTs (100% going to burn EverGrow) is directly responsible for EverGrow's exploding burn rate.

LunaSky revenue was deployed via smart contracts to buyback and burn $500 of EverGrow every hour in November – likely until the end of the year. 

Anyone buying EverGrow now access low prices before the next wave of investment dramatically shoots the prices up. Investors today will also access EverGrow before the next application – a crypto-integrated social media platform and content subscription app, Crator – goes live and sends 100% of revenue to buyback and burn EverGrow.

EverGrow is only worth $0.00000009 today. Anyone considering a LUNC purchase for maximum ROI should read up on EverGrow, because it has a mechanism that will continually raise prices. It won't just pump and dump like happened with LUNC.

EverGrow is a DeFi revolution. One where rewarding the community, and building that community, are the biggest objectives.

Join that community today!

Read more about EverGrow here: https://evergrowegc.com/