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- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
During a Senate Finance Committee hearing last year, Janet Yellen said cryptocurrencies were 'a concern' and used 'mainly for illicit financing'. Yellen called for ways to 'curtail their use' and ensure that cryptocurrencies do not facilitate money laundering.
Despite the crypto industry launching specifically to make the world of finance more honest and transparent, the views of people like Yellen – currently the United States' secretary of the treasury – represent a sizable percentage of society. According to a survey of over 10,000 US citizens from the Pew Research Center, 75% of respondents knew 'little to nothing' about crypto.
Cardano and EverGrow Coin are two projects that share the goal of building trust in blockchain technology. Though their goals might be similar, they come from different disciplines: Cardano comes from a rigorous academic tradition, while EverGrow Coin has top investment experts among its team.
As Cardano is currently the fastest-growing major crypto-token, we'll examine which of these two projects could give investors the best ROI this 2022.
Cardano's name will not be familiar to everyone. But to those in the know, it says a lot: Cardano is named after the Italian polymath Gerolamo Cardano who vastly advanced mathematics and physics in the 16th century. Cardano's token is also called 'ADA' – after the 19th-century British mathematician Ada Lovelace, considered the world's first computer engineer.
Cardano's strength is an academic approach to blockchain technology, where changes to the network must undergo rigorous peer review before being accepted. Cardano's website describes it as a blockchain platform for 'changemakers, innovators and visionaries' as it aims to bring about 'positive global change' through blockchain technology.
One of Cardanos' key use cases is in tracking supply lines in agriculture. The Ethiopian government, for example, has shown interest in using Cardano's blockchain platform to accurately and fairly track the supply chain of coffee. A decentralised ledger system could ensure honest accounting of products and make sure cultivators are rewarded appropriately.
Cardano is currently up 34% in price over the last week. It's currently trading at $1.20.
EverGrow Coin looks a little like all the best developments of cryptocurrencies merged into one token. The project launched in September as a reflection token on the BNB Chain. To date, it's paid over $35.5 million in reflections to coin holders and fast become the top such project in the Binance ecosystem. Now, it's setting its sights even higher.
EverGrow Coin reflections are financed by a 14% transaction tax, with 8% distributed instantly via smart contracts to coin holders. As long as you hold EGC in your crypto wallet, you will receive daily payouts in BUSD (Binance USD). A further 2% of the transaction tax is set aside for strategic coin burns – making EverGrow Coin a hyper-deflationary token as well as a reflection token.
But EverGrow Coin's chairman Sam Kelly wants the crypto to do more for coin holders. He has announced the rollout of a suite of applications from which all profits will be shared among coin holders – either 100% as rewards or 100% in coin burns that drive up EGC's price. It means that even when prices in the crypto market are falling, EverGrow Coin holders will continue to see income in their wallets.
The first of these applications to roll out is Crator, a content subscription platform that facilitates crypto and fiat payments. The second is an NFT marketplace that allows borrowing against NFTs as collateral – a first in crypto. Before 2022 is over, EverGrow Coin will merge these applications into The Abstract metaverse that offers quality VR gaming experiences streamed on the cloud.
EverGrow Coin currently has a price of $0.0000004651.
