New Ecosystem Pays 250% More Passive Income than Shiba Inu

A new crypto ecosystem has paid out 250% more passive income APR than Shiba Inu in the past year.

Anyone who bought EverGrow at the end of September last year would have enjoyed a 260% return on their investment, purely in BUSD stablecoin passive income.

Meanwhile the top Shiba Inu staking platform, Binance, offers an APR of 10.8%.

A surge in EverGrow trading volume has also helped burn 53% of initial tokens from supply – meanwhile Shiba Inu has increased its burn wallet from 41.02% to 41.04% of supply since Vitalik Buterin's historic SHIB burn in May last year.

The recent launch of Lucro, EverGrow's ecosystem token, has put the two projects on a collision course in the race to become the leading DeFi, play-to-earn gaming, passive income and crypto ecosystem platform.

Here's what happened.

Lucro launch makes crypto history

The EverGrow ecosystem token, Lucro, sold out two fair launches within 60 seconds to raise $2.25 million for liquidity and development.

It was the fastest fair launch-sellout in crypto history.

Lucro went live on September 15th and immediately made early investors up to 600% returns on investment. The price of Lucro is currently $0.00006 and can be bought via PancakeSwap.

The Lucro launch mimics the launches of Shiba Inu ecosystem tokens like LEASH, BONE, TREAT and RYOSHI.

However, rather than Shiba Inu ecosystem tokens contributing towards validation and liquidity, EverGrow ecosystem tokens are designed to make EverGrow investors more passive income and boost the $EGC price.

Here's how.

EverGrow – the top passive income token in crypto

Since launching in September last year, EverGrow has paid more than $38 million in BUSD rewards.

The BUSD rewards are financed by a 14% transaction tax, of which 8% is sent for rewards and 2% kept back for buyback and burn.

The tokenomics have helped EverGrow become the top BUSD rewards token in crypto and grow a burn wallet containing 53% of initial supply – that's 12% more than held in the Shiba Inu burn wallet.

Lucro is designed to build upon these successes.

Lucro has a 1% tax, with 0.8% destined for buyback and burn and 0.2% for marketing and development.

The buyback and burn funds also pay the 14% tax with rewards to investors, but helps Lucro be a high volume token for usage in the following EverGrow applications:

• LunaSky – The EverGrow NFT Marketplace will drop on September 25th, allowing artists, traders and creatives mint NFTs on BNB Chain, Polygon and Ethereum. Lucro will play a role as an ecosystem token here.
• Crator – The EverGrow content subscription platform will launch in Q4 of 2022 and enable multi-tiered subscription options for content creators, fully integrated with fiat and crypto, in a social media style interface.
• The Abstract – The world's first cloud-streamed metaverse gaming arcade will use EverGrow's Lucro as a play-to-earn token, which will also feature in a metaverse crypto exchange and VR version of LunaSky.

Here's where it gets interesting.

Because purchase taxes help fund marketing and development, it means that 100% of profits from the applications above will be put back into buyback & burn. This helps to boost the EverGrow price and continuously generate more passive income rewards for investors.

Shiba Inu passive income – what's going on?

Shiba Inu is rapidly developing its layer-2 Shibarium blockchain solution, its ShibaEternity collectible card game and the ShibaSwap portal.

Currently, users can stake SHIB on ShibaSwap in return for other ecosystem tokens, typically paid out at an APR of 5.41%.

This is lower than the 10.8% Shiba Inu staking rewards product on Binance.

To access this high APR figure, you need to lock your Shiba Inu away for 120 days. If you redeem your tokens before the end of the staking period you will receive your initial deposit minus your rewards.

The advantage of Shiba Inu staking is a decent 10% APR return on your investment – the disadvantage is that Shiba Inu could lose its value over the staking period and hence there's no guarantee you will make a return on investment.

As rewards are paid in SHIB, you're still dependent on the Shiba Inu price.

It's understood that Shiba Eternity will contribute to Shiba Inu burns, but no concrete details have been released yet. The ShibaSwap burn portal which launched in May this year has also been plagued with delays and issues and lead to an admission of the fact from the Shiba Inu lead development team.

Unless Shiba Inu unveils the mystery surrounding updates and makes passive income and coin burns a better reality for investors, it could lose out to the fast-growing EverGrow ecosystem.

FIND OUT MORE

EverGrow website:

Lucro token website: https://lucrotoken.com/

EverGrow Twitter: https://twitter.com/evergrowcoinEGC

Lucro Twitter: https://twitter.com/lucrotoken

EverGrow price: https://poocoin.app/tokens/0xc001bbe2b87079294c63ece98bdd0a88d761434e

Lucro price: https://poocoin.app/tokens/0x988f7c894e4001eeb7b570cde80dffe21cf7b6b9

Buy EverGrow: https://evergrowegc.com/buy-now/

Buy Lucro: https://pancakeswap.finance/swap?outputCurrency=0x988F7c894e4001EEB7B570CDE80dffE21CF7B6B9