Think Shiba Inu burns will work? You NEED to see EverGrow

The Shiba Inu burn rate has fallen so low it would take at least 50,000 years to reach $1.

Just 882 million SHIB tokens were burned in October 2022, according to Shiba Burn Tracker. And Shiba Inu needs to burn 549 trillion tokens to get close to reaching a $1 price. 

If burning can't help Shiba Inu out then it needs a market cap over $500 trillion – that's bigger than the entire US GDP – so burning really needs to work for any SHIB investors betting on $1. 

If you're one of these Shiba Inu investors, you need to check out EverGrow.

EverGrow is just a year old. It has a price of $0.00000009 and a market cap of $50 million. But EverGrow is on track to hit $1 within the next decade thanks to an innovative ecosystem and mechanism for destroying EGC tokens.

Here's what you need to know.

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

EverGrow on track for $1 in eight years – a 1,000,000,000% increase 

It seems far-fetched. So let's look at the maths of EverGrow token burning.

EverGrow is a hyper-deflationary token with a 14% transaction tax. Everytime you buy or sell EverGrow you have to give 14% of the trade away. The capital is split up so 8% is paid as BUSD rewards to investors ($38 million paid to date), 2% for liquidity, 2% for ecosystem development and 2% to buyback and burn EGC tokens.

In the past year, the EverGrow tax burned through 2.5% of the total EverGrow supply. Meanwhile Shiba Inu didn't even burn 0.01% of total supply in the past year.

But the tax alone won't take EverGrow to $1.

In September, EverGrow dropped an NFT marketplace (LunaSky) that sends 100% of its revenue to buyback and burn. The funding collected has just been deployed via smart contracts to begin actually burning EverGrow.

In the first day, EverGrow burned 169 billion EGC tokens – a 300% increase of its average daily burn rate.

This high burn rate will continue for the next two months. If it can be kept up indefinitely then EverGrow is on track to burn through a full 99% of its original supply within eight years.

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

EverGrow burn rate set to explode – get in quick! 

LunaSky is by far the end of the EverGrow roadmap. 

Next up to launch is a social media app, Crator, which is the first to integrate fiat and crypto payments. Crater will compete with the likes of OnlyFans and Patreon but with less than a quarter of commissions on payouts. Just like with LunaSky, all of the revenue from commissions will be used to buyback and burn EverGrow.

Further along the line will be a play-to-earn metaverse gaming arcade (The Abstract) as well as a swap, wallet, staking pools and more. All of the applications will be sending their revenue to buyback and burn EverGrow.

The combination will not just pump the EverGrow price, but revolutionise DeFi.

Anyone buying EverGrow now at low prices will find a valuable asset to diversify their portfolio. Furthermore, with a higher share of EverGrow tokens, you'll be able to earn BUSD stablecoin passive income right into your wallet while you wait for the prices to explode over the coming months.Read more about EverGrow here: https://evergrowegc.com/