Cryptocurrency Q&A
Does EverGrow burn coins?
Does EverGrow burn coins?
Chloe_thompson_artist
Wed Oct 23 2024
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5 answers
703
I don't understand this question. Could you please assist me in answering it?
5 answers
Daniele
Fri Oct 25 2024
EverGrow Coin operates a unique mechanism where 0.5% of its total supply is burned monthly.
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NavigatorEcho
Fri Oct 25 2024
This monthly burn is funded through a transaction tax imposed on EGC buy and sell orders.
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Giulia
Fri Oct 25 2024
Specifically, a 2% tax is levied on all EGC transactions, which contributes to the burn process.
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Lucia
Fri Oct 25 2024
This 2% tax is part of a larger 14% tax structure implemented by EverGrow Coin.
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CryptoProphet
Thu Oct 24 2024
The funds collected from the 2% tax are allocated for strategic coin burns, facilitated by smart contracts.
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