EverGrow Coin is becoming one of the most influential crypto coins in the world

There are over 12,000 cryptocurrencies on the market today with all kinds of names – but reflection tokens are fast becoming one of the top cryptos in 2022.

These tokens launched most famously last year with Safemoon. The project charged a 10% tax on all transactions – buys, sells and trades – and put this tax to work. The first version of Safemoon saw 5% redistributed to token holders, and the other 50% put towards liquidity to create a stable price floor.

Reflection tokens saw huge popularity with Safemoon pumping over 4,000% within a few weeks of launching.

And then came EverGrow Coin in September last year with a new twist on the reflection token.

EverGrow Coin pays $37 million in BUSD

EverGrow Coin was one of the first reflection tokens to reward users in stablecoins – as opposed to the project's native token, like with Safemoon.

EverGrow Coin chose the BUSD stablecoin, and to date has paid over $37 million to its investors. This is significant for three main reasons:

1. BUSD reflections help investors quickly trade or swap BUSD to buy up new tokens in the Binance ecosystem.

2. BUSD is not subject to price volatility.

3. With the development team publishing their EGC wallets online and vowing to only earn from BUSD reflections like any other investor, there is little risk of EverGrow Coin becoming a pump and dump scheme.

EverGrow Coin distributes 8% of all buy or sell orders as BUSD, and it's little surprise that many other projects also paying BUSD reflections have sprung up in the intervening months.

EverGrow Coin has burned more supply than Shiba Inu

EverGrow Coin is unique among reflection tokens in that a further 2% of a total 14% transaction tax is kept back for buyback & burn.

This is a new development in reflection tokens. Coin burns became incredibly popular last year after Shiba Inu pumped massively in price following a huge burn of 41% of its then circulating supply.

With just a 2% buyback & burn tax, EverGrow Coin in just seven months had managed to burn nearly 53% of its initial supply. Unlike Shiba Inu, the EverGrow Coin burn rate is scalable and can continue regardless of price volatility. With Shiba Inu investors must burn their own tokens at their own cost.

The EverGrow Coin model was suggested as a means to bring the fallen Terra Luna (now Luna Classic) token back for its price at fractions of a penny. With just a 3% transaction tax on LUNC, the token could theoretically recover its former price in under a month at sustained high daily volume.

EverGrow Coin calls itself a 'share' and not a 'currency'

One of the key developments that EverGrow Coin brings to crypto is moving away from being an actual currency.

Of course, a transaction tax discourages rapid buying, selling and speculating of EverGrow Coin. But this is the point. By holding onto positions long-term investors can enjoy earning passive income through BUSD reflections and also watch their positions go up in price thanks to coin burns.

The EverGrow Coin team is currently developing a suite of applications, including a wallet, staking pools, a crypto exchange, an NFT marketplace, a content subscription platform and a metaverse integration.

Each of these applications will enrich the EverGrow Coin ecosystem while bringing further rewards and coin burns to benefit the developer team and investors alike.

These are the reasons that make reflection tokens a unique part of the cryptocurrency industry. EverGrow Coin at this point is one of the clear leaders in this exciting field.