EverGrow Coin ($EGC) is a deflationary token designed to become scarcer over time. Eligible Holders* of $EGC will earn an 8% reward from every Buy/Transfer/Sell Transaction in Binance pegged USD ($BUSD), which is automatically sent to your wallet. This generates a stable passive income.
There are various strategies in place to decrease the supply of EverGrow Coin over time, meaning individual holdings will become more valuable and receive a higher proportion of rewards.
Via BuyBack & Burn, 2% $EGC is collected from every transaction and converted to BNB, which are stored in the contract.
When BuyBack & Burn is enabled, the contract purchases $EGC directly from exchanges, driving the price up to and immediately and permanently removing those purchased tokens from circulating supply by sending them to the contract ‘Burn’ address. This means less circulating supply, so a higher share of rewards is paid to holders.
EverGrow is also launching a series of utilities and platforms over the coming months, which will all generate revenue independently.
Rather than this revenue going to the EverGrow founders and staff, all profits will be used for further BuyBack & Burn, generating positive price action, and removing more tokens from circulating supply and rewards eligibility.
How To Sell EverGrow Coin On Trust Wallet?
To sell the EverGrow Coin on the Trust wallet, first, you have to swap the EverGrow Coin with BNB on PancakeSwap then you have to convert BNB with the Stable coin BUSD. After that, you can withdraw fiat currency on Binance.
EverGrow Coin cannot be sold on Trust Wallet directly like other major cryptocurrencies. EverGrow Coin needs to be swapped with BNB first and then you can sell your BNB on Trust Wallet.
Steps to sell EverGrow Coin on Trust Wallet:
Step 1: Log Into The Trust Wallet
First login into Trust Wallet Account in your mobile app. Make sure you have sufficient EverGrow Coins available for swap.
Step 2: Go To DApps Option
To swap your EverGrow Coin, go to DApps option, which will be at the bottom right corner of your mobile screen in case you are using the Trust Wallet mobile app.
Step 3: Search For The PancakeSwap Option
In DApps, search for PancakeSwap from the given list. Select PancakeSwap to swap your EverGrow Coin. After selecting PancakeSwap, it will redirect you to the webpage of PancakeSwap.
Note: When you reach the webpage of PancakeSwap, check the top right corner. There will be a symbol, click on that to check whether it is a Smart Chain or not. If not, then select the Smart Chain from the list.
Step 4: Selecting BNB For Swapping
Generally, BNB is given as the by default choice to swap with. If any other crypto is given, then select that and a list will show up. Select BNB from the list.
There will be a downward arrow ↓ below the box; click on that. This will swap the position of the options of Cake and BNB. The cake will come up and the BNB will go down.
Select the Cake option and then the app will ask you to enter the token which you want to swap. Enter the contact address for EverGrow Coin which is mentioned below i.
EverGrow Coin Contract Address: 0xC001BBe2B87079294C63EcE98BdD0a88D761434e
EverGrow Coin option will show up after entering the address. Select that.
Note: Only enter the contact address; do not write EverGrow Coin.
Step 5: Entering The Amount Of EverGrow Coin To Be Swapped
Now, you will be asked to enter the amount of EverGrow Coin you want to swap. Enter the amount and check the exchange amount of the crypto with which you are swapping EverGrow Coin.
Note: When you enter the amount of EverGrow Coin, the exchange value of BNB will be shown in the box under the BNB option.
Step 6: Complete The Swapping Process
Click on the Swap button. The page will ask again to confirm the process. Click on the Confirm Swap button to complete the process. Wait for a few minutes to see the swapped amount is credited.
Now, when you are done with swapping EverGrow Coin with BNB, you can go for selling it on Trust Wallet.
Step 7: Convert BNB Into A Stable Coin
Firstly the BNB needs to be converted into a stable coin. To convert the BNB, you need to go to the option called Dex in the Trust Wallet and there you have to select BNB to convert it to BUSD, which is a stable coin.
Step 8: Input The Amount And Withdraw
You have to input the amount of BNB you want to swap with the BUSD. After entering the amount, click on the Swap.
Next, you have to select the BUSD and then click on the Send to Withdraw.
Now, a pop-up will show up which will ask you to fill in the “Recipient’s address” or you can also scan the QR codeshown on the screen.
Step 9: Deposition Of BUSD
Now, go to your Binance account and choose BUSD as your deposit currency by clicking on the deposit button.
Check that you are in the “correct network” on the “exchange” and copy the “Binance receive/deposit address”.
Step 10: Complete The Swap
After copying the deposit address from Binance account and go back to your Trust Wallet page where you left.
Paste the copied address at “Recipient’s address” and continue the process. Now the amount of BUSD will be transferred to the “Binance centralized exchange wallet”.
Step 11: Withdrawal Of The BUSD From The Binance Account
After the amount is transferred to your Binance account go to your account and click onto the “Withdrawal Fiat” button which will be at the upper right–hand corner.
Now, the page will ask you to select the fiat currency in which you want to withdraw. Then you have to enter the amount of BUSD you want to withdraw.
In the end, the page will ask you to input the bank details. There will be a beneficiary section, under which you will find an option named “add new card”.
Enter your card number and complete the process. This is how the amount will be transferred to your bank account.
Also Read: How to Contact Trust Wallet
How Much Time It Takes To Swap EverGrow Coin With BNB?
To Swap EverGrow Coin with BNB on Trust Wallet will take around a few minutes only. In rare cases, it can take up to Hours.
Because of the platform’s simplicity, swapping the EverGrow Coin for BNB on Trust Wallet is a rather simple job.
The Swapping procedure is quick, only a few minutes, but it may take a little longer to be approved and the credited money to appear in the Trust Wallet.
Why Can’t I Swap EverGrow Coin With BNB?
Sometimes while swapping EverGrow Coin with BNB on PancakeSwap may get failed. After clicking the Confirm Swap button, an error message shows up.
In that case, decrease the amount of EverGrow Coin you want to swap and then try to swap it with BNB again. If the error message shows up again that means the liquidity of the token is still locked.
You have to wait for a while and try the process again from the beginning. The swapping will not be completed until the liquidity of the token gets unlocked. The user has nothing to do until it gets unlocked.
This article has detailed information regarding the swapping or selling process of EverGrow Coins on Trust Wallet.
EverGrow Coin can be swapped very easily with the BNB on Trust Wallet but sometimes errors in the swapping process occur.
When the swapping process fails, the users are requested to retry using a lesser amount of EverGrow Coin.
If it still does not work, that means the liquidity of the token is still locked and the user has no option in their hand but to wait for the liquidity to be unlocked.
They can try to swap their EverGrow Coin through the same process later. The process generally takes a few minutes to complete and is also free of cost service.