What is EverGreenCoin (EGC)?
Future of EGC Cryptocurrency and know how to buy EGC

#1 - What is EverGreenCoin?

EverGreenCoin: The Basics

  1. An organization that preaches support for Mother Earth by “giving back what was robbed” using its own cryptocurrency - that’s EverGreenCoin for you.
  2. In its whitepaper, which isn’t very detailed to be honest, it describes itself as a “a public charity and an incorporated business entity”, with a focus “on achieving humanitarian and green goals”. This can seem ironic coming from a blockchain company, given that mining processes tend to be very resource intensive.
  3. But again, it seeks to clarify in its whitepaper, by adding “We’ve married the brilliance of blockchain technology with the acumen of an incorporation and the conviction of a charity. The result is a blockchain driven not by profit, but by public and professional accountability towards charitable causes: a state-of-the-art store of value that we hope will catalyse the demand for sustainable cryptocurrency.”

EverGreenCoin Development

  1. The project has a number of different support branches, namely - EGC Renewables, EGC Wellness, EGC Water, and EGC Gardens, each focusing on different activities centered around environmental protection and sustenance.
  2. The EverGreenCoin project was launched in December 2015. The launch date was announced to the public three weeks in advance.
  3. In the first quarter of 2017, a new website and app were put in place. Since then, developments have been undertaken to make EverGreenCoin more environment-friendly and less power-intensive than its Bitcoin counterpart.
  4. Core team members include:
    1. Founder, Lead Developer and President Steven Saxton
    2. Developer Celestino Cantu
    3. Environmental Specialist, Social Liaison and Treasurer James Magee
    4. Joe Howard
    5. Mike Axford
    6. Joseph Harton

 

#2 - What are the benefits of EverGreenCoin?

EGC Technology

  1. The EGC software and code base is open-source and decentralized. It is available for public review as well.
  2. With proof-of-work based mining until 13 million coins, followed by a switch to proof-of-stake system, EGC ensures a quick proliferation and supply of the coin followed by the more environment friendly, seemingly fair proof-of-stake system.
  3. Blockchain based tech has been utilized for funding and promotion of environmental and social activities such as:
    - building of wells and development of clean water services,
    - provision of refugee aid and relief efforts during war or natural disaster,
    - encouraging use of renewable resources,
    - providing financial support for solar panel installations.
  4. All branches of EGC work towards finding and implementing sustainable solutions to today’s environmental problems. For example, the company’s Solar Staker project involves a device that requires nothing but Solar energy and Internet connectivity for staking EGC tokens.
  5. EGC staking has been incentivised; those contributing to the network through staking receive a 7% network reward.
  6. The absence of master nodes puts everyone on the same boat, no matter what an individual contributors’ balance size.

Key Features

  1. EverGreenCoin is both a charitable organization as well as cryptocurrency that takes responsibility for funding social as well as environmental activities.
  2. It is more environmentally-friendly than other cryptocurrencies, as it possesses a less energy-intensive design.
  3. No master nodes are present.
  4. Less block generation time and greater block size.
  5. Incentives are given out for staking EverGreenCoin tokens.

 

#3 - How to buy and store EverGreenCoin?

How to buy EverGreenCoin?

  1. You can purchase this token through various major exchanges such as Cryptopia and Bittrex.
  2. CoinSwitch is the best cryptocurrency exchang that can help you invest and trade in EGC tokens. It accumulates the available rates for a wide variety of tokens and displays them all in one place. It even provides recommendations by comparing all the available rates and exchanges in real time.

How to store EverGreenCoin?

EverGreenCoin Wallet

The EverGreenCoin token can be stored on the software/wallets that can be downloaded from the official website. Wallets are available for Android, Windows, Mac OS X and Linux. It is even possible to paperize your EverGreenCoins, much like money bills. However, this type of storage does not help you accumulate interest on the tokens.

 

#4 – What is the future of EverGreenCoin?

Also Read: Complete Analysis of EverGreenCoin | Live EverGreenCoin (EGC) Price Charts And Predictions

  1. The price of a single EverGreenCoin is equivalent to $0.107102, its market capitalization being $1,461,648, and the total supply in circulation is 13,647,249 EGC, as of July 2018.
  2. While the EverGreenCoin has had a bleak outlook over these past couple years, its long-term investment has been predicted to be quite profitable.
  3. It has been predicted that the price of the token will go upto $0.48 by 2025. This almost amounts to a 350% increase from its July 2018 value!

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

0.105757

0.110626

0.096476

0.098960

2,172

1,441,130

May 01, 2018

0.275232

0.279301

0.265053

0.278173

2,832

3,666,440

Feb 01, 2018

0.386024

0.391580

0.304586

0.325670

32,239

5,142,340

Nov 01, 2017

0.216275

0.290694

0.211798

0.241960

694,529

2,881,060

Oct 01, 2017

0.247316

0.255096

0.236306

0.241774

88,341

3,294,570

 

#5 - How is EverGreenCoin different from other cryptocurrencies?

  1. Cryptocurrencies such as Bitcoin generally tend to have energy-intensive technical designs, whereas EGC takes a more environmentally friendly approach when it comes to its design.
  2. Transactions take place at a significantly faster rate, as time for block generation is reduced.
  3. The block sizes are greater, providing this token with scalability for the future.
  4. Storage of the token is encouraged overtrading, and incentives are given for the same.
  5. The Proof of Work (PoW) consensus algorithm that is prominent in case of other cryptocurrencies has been replaced with the Proof of Stake (PoS) consensus algorithm.

 

#6 - Should you invest in EverGreenCoin?

  1. Although the performance of this token has been subpar for quite some time, you have to remember that its prime purpose is for charity work and for funding environmental activities.
  2. It also does not detail its whitepaper enough, except for dropping a high level set of objectives and plans. How it plans to work out the execution, or even a rough roadmap, is a glaring omission from its whitepaper. Investors may want to keep that in mind.
  3. That being said, it never hurts to buy and hold onto EverGreenCoin and wait for the price to increase. It’s a win-win situation - you help improve the environment and get to make a good long term investment, at the same time!
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