What Is EverGrow? Part 1

Every once in a while, the market gets flooded with new coins from promising projects. However, the bear market has given us more reason to scrutinize what’s coming into the market, as no one wants to incur further losses than that wreaked by the bear market.

The EverGrow coin (EGC) has gained considerable attention over the past few weeks. So, we’ve decided on answering some frequently asked questions about the coin. We’ll examine how to purchase the coin and if it is a good investment.

Where to Buy EverGrow Coin in the US

The EverGrow coin was designed to increase in value as it gets scarce with time. So, if you are convinced about the coin’s potential and want to make a purchase, you can find the EverGrow coin on PancakeSwap and BitMart. However, BitMart does not offer its services in the US. So US residents can use PancakeSwap instead.

How to Buy EverGrow Coin

So, we’ll stick with using PancakeSwap and just add a few more details showing you how to make your purchase. Since PancakeSwap is a decentralized exchange, you don’t have to worry about creating an account. You simply need to connect a compatible wallet to the exchange. To make the purchase, you must have some crypto in your wallet. You can make use of a stablecoin like BUSD or coins like BNB. (Use Binance.US or FTX to get them.)

The wallet connected to PancakeSwap is known as a “Hot wallet.” This is because it is constantly connected to the internet. However, it is also prone to frequent attacks. So, using a “cold storage” wallet is the best way to secure your asset. A cold storage wallet is a device that connects to the internet exclusively to receive or send cryptocurrency. So, a  hack is less likely to occur since it has internet isolation features.

The Ledger is the ideal hardware wallet for keeping your EGC safe. It has two available models, the Nano S and Nano X. The ideal software wallet to link to PancakeSwap would be the Binance wallet. It is a browser extension supporting the Chrome, Firefox, Brave, and Edge browsers.

Make Your Purchase

Once you’ve decided on your wallet, it is time to purchase. So, connect the Binance wallet to PancakeSwap, get to the “Trade” icon, and click on “Exchange” in the dropdown menu. BNB is the default coin in the top coin selection field. You can change to the coin you wish to use for the swap if you don’t want to use BNB.

The EGC coin may not pop up when you search for it in the bottom section. So, you have to visit the EverGrow page on CoinMarketCap to add it. Copy the EverGrow coin contract address and paste it into the “Select a Token” search bar that you’ll find in the display. Next, click on “import,” and then a warning will display. Click on  “I understand,” to proceed, then click “Import” again.

Now, you’ll see EGC in the lower coin listing. Specify how much of the upper coin you want to swap into the EverGrow coin. Then, change the slippage tolerance to 17%. To do this, select the gear symbol at the top of the swap box. You’ll find slippage tolerance. Then, input 17 on the right side of the display. Close the settings window.

To complete the exchange, click “Swap,” then “Confirm Swap.” Finally, click on “Confirm” when your wallet displays. The EGC should be in your wallet within a minute.

Is Evergrow Coin a Good Investment?

It’s too early to judge whether investing in EverGrow coin is worthwhile. However,  EverGrow has made a name for itself as a platform that enables users to generate passive income.

Without a doubt, EverGrow will face fierce competition in the markets it seeks to reach, including the NFT marketplace, social media platforms, and decentralized exchanges. But, its long-term success will depend on its utility and ability to attract more users. So, the more unique the value it can offer, the more promising an investment EverGrow will be.

Is EverGrow Coin on Binance?

The EverGrow coin is not listed on Binance for trade and service. This means you cannot buy it on Binance. But you can connect your Binance wallet to a decentralized exchange like PancakeSwap.

As of this article, EverGrow coin trades at $0.000000092423. It has a 24-hour trading volume of $37,052. Here’s the link to read the second part of this series.

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