Evergrow Coin: The Next New Cryptocurrency To Explode In 2021 Which Rewards Holders In Stable Usdt Yield
EverGrow Coin – Next Big Cryptocurrency
Atlanta, US, Sept. 22, 2021 — The crypto world is changing every day. We have seen many successful new cryptocurrencies exploding like DOGECOIN & SAFEMOON. The growth of the crypto market is providing ordinary investors with exponential returns and more unique opportunities to grow their wealth. SAFEMOON, which initiated with an initial supply of 777 trillion, and has a shallow market cap, is one of the most successful stories in the crypto world. An initial investment of $1,000 in SafeMoon would now have been worth around $3.5 million.
In the series of crypto revolutions, EverGrow COIN aims to become the next big New Cryptocurrency in 2021 by being the first Yield Generation token that rewards its users in USDT. This next-generation hyper-deflationary new crypto uses a unique buyback mechanism that provides users with consistent returns and benefits from the contract’s buyback process.
Why EverGrow Coin could be Next Big New Cryptocurrency to explode in 2021?
8% Redistribution in USDT: With every Buy/Sell Transaction, EverGrow Coin redistributes 8% of the transaction to all the token holders directly in their wallets. This redistribution process is fully automatic, and each holder gets their share in proportion to the amount of EverGrow coins they hold. The Redistribution award is in addition to the benefits holders get from the increase in the Token prices on exchanges.
Add Metamask Extension To Chrome
We recommend using Google Chrome or Brave Browser here. Go to Chrome Web Store and search for MetaMask, make sure the extension is offered by https://metamask.io for safety and then click Add to Chrome.
Proceed with “Get Started” and then click on “create a wallet” in the next screen, read all the instructions on the next screen and then click “Agree”
Next choose a secure password to secure your MetaMask wallet, this password is not your private key or seed phrases, you only need this password to access the Chrome Extension.
Here comes the backup phrase generation step, on the screen you will see a list of random words appearing after you click “reveal secret words”, write these words down on a piece of paper and do not ever save them online, anywhere. For extra security you may even consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically.
Once you have saved your seed phrases securely, confirm on the next screen by verifying them. And youre done! Read the tips once more to ensure youre fully aware of the security issues and click all done, now your wallet is ready. Now click on the MetaMask icon on the extension bar on the browser and unlock your wallet with your password. You should see your initial balance afterwards.
Now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, click “Connect” at the top and choose MetaMask.
Head back to PancakeSwap, select Trade > Exchange on the left sidebar
Safemoon Crypto: What Is It And Should You Be Investing
With over 7,000 cryptocurrencies available on the market today and more getting added daily, it can be tough to know which ones to research and invest in. Popular coins like Bitcoin and Ethereum have taken the world by storm, with massive valuations. But not all cryptocurrencies will be successful. Many will fail, and some are scams.
This article explores one of the newest cryptocurrencies, SafeMoon. Youll learn about the history of the coin, how much its worth now, whether or not its safe and if its a good investment. Will SafeMoon be one of the next big cryptos to explode in 2021?
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Could Safemoon Rival Dogecoin
This is a hot discussion among investors about Dogecoin and SafeMoons rivalry. Almost everyone is aware of Dogecoin and how it gained popularity because of a major price rise, thanks to Elon Musk. The prices abruptly started to decline when he said that Tesla would no longer accept bitcoin as payment for vehicles.
He explained that damage is caused to the environment by the mining of the worlds biggest cryptocurrency. After this statement, the prices started to fall for almost all the cryptos, which again shows how volatile this Network is and investing in it.
Thus, the comparison in terms of market capitalization is tough because Dogecoin was launched in 2013, and SafeMoon has recently launched in 2021. But yes, in terms of popularity, both of them are high as people are stalking them and waiting for them to come back again in a rising position.
As per the investors, Dogecoin is a relatively old and reliable crypto thus, its growth potential seems greater.
Signup For A Binance Account To Get Your Hands On Some Bnb Coin
If you do not already have a Binance account, you can signup for one right here and get a lifetime 10% trading fee discount while doing so:
For non-US users:Signup for Binance.com
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How To Buy Safemoon On Trust Wallet
Purchasing SafeMoon isnt exactly a straightforward process, but with these easy-to-follow, step-by-step instructions, youll have your DeFi tokens in no time. For this guide, Ill be using PancakeSwap as the primary exchange for SafeMoon.
Convert BNB to Smart Chain via Trust Wallet
1. Download the Trust: Crypto & Bitcoin Wallet app from the app store .
2. Open the app and tap Create a new wallet.
4. Youll be given a dozen recovery words. Write them down sequentially in a notebook for safekeeping.
5. Next, the app will show you your 12 recovery words non-sequentially. Tap the words in the right order and youll land on TrustWallets main page.
6. Navigate to BNB and tap Buy BNB. Input how much money youd like to invest in USD and hit Next.
7. Youll be prompted to purchase BNB with a credit or debit card. Wait until the purchase is processed.
8. Head back to TrustWallets main page and you should see you now have some BNB. Tap on BNB, hit More and tap on Swap to Smart Chain.
For the next set of instructions, if you have an Android device, you can skip the first step. But if you have iOS, youll need to follow the first step to access PancakeSwap . process.
10. Head back to TrustWallets main page and you should see that your Smart Chain order is fulfilled.
Using PancakeSwap to convert Smart Chain to SafeMoon
Platforms To Buy Safemoon From
Not only it is essential to gain information on how to buy SafeMoon, but it is also substantial for you to know about the various platforms from where you can purchase them:
- You can purchase it from one of two available profound cryptocurrencies: Binance or bowscoin.
- Another way is by downloading the Trust wallet App- it is available on iOS, Android, and Google Play.
- With the help of PancakeSwap, you can exchange Binance or bowscoin for safe moon tokens, and once exchanged you will be instantly able to see them in your Trust wallet.
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Shiba Inu & Safemoon Safe Choices Or Questionable Money Sinks
For every legitimate project like Bitcoin or Ethereum, there are ten scam coins designed to steal your money. These sketchy assets often take the form of a meme, having no purpose other than to get a minority rich very quickly.
Essentially, early holders will promote a coin, promising high returns and a great platform to help grow. As word spreads, users buy-in, and the price pumps, which spreads the word even more, making the project a type of pyramid scheme. Suddenly, the early holders have multiplied their earnings and sell out, crashing the price and scamming those they invited in.
The only ones profiting are those on the ground floor, which is a few compared to the many who will get rekt.
Its the retail investors that lose out on these projects. By the time a coin gains traction on social media, its often too late. The early buyers are already prepped to sell.
Two recent projects, Safemoon and Shiba Inu coin, exhibit similar signs of uncertainty.
Set Up A Binance Account
If you do not already have a Binance account, its time to create one. Since both Binance crypto exchange and PancakeSwap run on the Binance Smart Chain, youll need a Binance account. However, if youre a beginner, dont worry. The process is relatively easy.
You can even refer to the Binance Academys Binance Beginners Guide to understand how you can register on the platform.
First, you need to create a Binance account using your email ID/phone number and set a password according to the platforms regulations. Once done, youll need to verify your email ID/phone number and proceed to do the KYC .
The KYC is for the platform to prevent fraudulent users from entering the platform. Once this is done, you can purchase your Binance Coin. There are several payment methods and options such as debit/credit cards, wire transfers, etc.
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Final Say: Is Safemoon Worth Buying
SafeMoon is a relatively new cryptocurrency. As being new in this industry, the possibility is, there will be further developments. Right now, many assume that it will be at the same level as Bitcoin, Litecoin, and Ethereum. However, there will always be skeptics scattering around. Nevertheless, bitcoin even started at a low price. But now, many are making more profit than what they have begun. Indeed, SafeMoon comes with a vast crypto supply, and only a part of those are in circulation. That means there will be more Safemoons available.
Set Up A Trust Wallet Or Metamask Wallet
If you dont already have these wallets, youll need to set up an account on a new wallet with either of them based on your preference. You can download the Trust Wallet app from Google Play or use the Metamask Google Chrome extension for a smooth process.
Once youve set up the accounts, youll need to make the wallet, either the Trust Wallet or the Metamask Wallet, compatible with Binance Smart Chain while connecting it with PancakeSwap. There will be a default compatibility issue since both these wallets are Ethereum based.
However, you can add Binance Smart Chain to the account by the Add Network feature to provide the details of the Binance Smart Chain blockchain network. Using the Add Token feature, you can add a custom token, and in this case, it is SafeMoon.
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Who Are The Founders Of Safemoon
John Karony is the CEO at SafeMoon, according to his .
What Makes SafeMoon Unique?
The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that dont have easy access for newcomers to the space.
With SafeMoon, they aim to use the idea of static rewards in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their reflect mechanism adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoons Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoons manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.
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Coinbase is America’s biggest cryptocurrency exchange and it might make sense for the service to list SafeMoon among its numerous assets.
Unfortunately, SafeMoon cannot be purchased on Coinbase as the exchange does not typically list many of the smaller cryptocurrencies.
The policy, however, seems to be changing with CEO Brian Armstrong announcing this week Coinbase will list Dogecoin in the next six to eight weeks.
Much like SafeMoon, Dogecoin skyrocketed this year and brought its holders profits exceeding 11,000 percent according to Coindesk at 6.17pm BST on Friday.
Fans of the DeFi token will now have to wait and see whether Coinbase has a change of mind about SafeMoon.
Click here to read our more comprehensive guide on how to purchase Safemoon.
If Coinbase doesn’t list SafeMoon, what other options are out there to buy the token?
Buying SafeMoon isn’t as straightforward as buying Bitcoin or regular stock options, which is done by signing up with an exchange and depositing money to buy shares.
To buy SafeMoon you will need to use an exchange like PancakeSwap or BitMart that allow you to trade BinanceCoin in exchange for SafeMoon tokens.
But before you get to that stage, you will first need some form of crypto wallet to do this, such as the Trust: Crypto & Bitcoin Wallet app on Android and iOS.
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How And Where To Buy Safemoon Read This Before Buying
The world of blockchain and cryptocurrency is vast. Numerous cryptocurrencies are being used for different purposes, such as payment methods, stablecoin, governance tokens, etc. One such niche of crypto assets is the meme coin.
Meme coins began as a joke that took a dig at the world of cryptocurrencies but soon became important investment entities. A few coins, such as Dogecoin, Shiba Inu, etc., fall under this niche. The latest one to join this list is the SafeMoon tokens. I will tell you how to buy Safemoon and where to buy them, I advise you to read about the crypto before you invest. I have given a brief on what Safe moon crypto is.
Tap The 12 Recovery Words
Once done, the wallet will give you your unique recovery phrase, which contains 12 words. Make sure to keep such a thing in a secure place if you do not want your properties to be stolen. As you proceed, the app will present to you the 12 words, but in a different order. Tap these words to place them in their proper places.
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Download The Trust Wallet App
What Makes Safemoon Unique
The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.
With SafeMoon, they aim to use the idea of static rewards in order to remove any pressure on the token that could occur when tokens are sold. As well, the white paper notes that their “reflect mechanism” adds incentive for SafeMoon holders to keep their tokens for longer, or HODL. SafeMoon’s Automatic LP also adds stability to the protocol by providing a price floor/cushion for token holders. SafeMoon’s manual burn strategy also helps SafeMoon token holders in the long term, according to their white paper.
Learn more about DeFi here.
Check out the CoinMarketCap blog.
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Three: Use Your Bitcoin Or Ethereum Investment To Purchase Safemoon
Now it’s time to purchase SafeMoon using your investment from Coinbase.
Since Coinbase only allows for the purchase of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, you will need to transfer your BTC or ETH investment to another cryptocurrency exchange. I know this sounds painful, but it really isn’t.
Right now you can buy SafeMoon at a good number of cryptocurrency exchanges including Gate.io.
Once you have your specific currency’s wallet ID, head back over to your Coinbase account. Since I don’t want to miss any steps in this important process, .
Now you play a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed multiple times. There is nothing on your end to do except wait for this to happen. Depending on the day this could take 5 minutes or even up to a few hours.
The good news is that in your Coinbase account they give you a link to track the transfer.
Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying SafeMoon .
If you purchased Ethereum at Coinbase, you are going to want to look for the SAFEMOON/ETH investment.
For Bitcoin look for SAFEMOON/BTC.
If SafeMoon doesn’t have an investment option using the currency you purchased as Coinbase, don’t worry. All you need to do is trade into the specific currency.
Let me reiterate, I am not a licensed professional so I can’t give you any investment advice on how to handle the next step.