How do crypto rewards work?
First, the basics have to be set straight, so that everyone can fully grasp the problems and solutions discussed later on. Cryptocurrencies have the unique ability to potentially reward users for their actions and engagement, if they were issued that way. These rewards can include earning through interest rates, receiving a share of transaction fees, being credited new tokens, or getting holdings’ valuation boosted via the reduction of the total supply of a coin.
The problems of existing systems
With that said, what is really important to mention here is that these rewards are oftentimes lackluster, and don’t actually compensate members for the resources they sacrifice. In simple words, the input is greater than the output. Needless to say, members of the crypto community recognize if a system features such an imbalance, and they abandon the network. Considering this, it’s unsurprising to see most of these low-quality, reward-based ecosystems go out of business soon after their launch. This is widely considered unfortunate, as many argue the concept carries way more than a few startup failures.
The solution: EverCash
Great number of failures sometimes allow for one, or two projects to rise by learning from the mistakes made. EverCash is said to be the new rising star within the sector of reward ecosystems, and with good reasons. The world-class team of industry experts backing the project had a vision to make use of the untapped potential of crypto incentives, and combine it with the latest developments of the space. They carefully architected a reward ecosystem built and run on one of the world’s most trusted blockchains, the Binance Smart Chain (BSC), that is reportedly capable of allocating more rewards to users than any other competitor. The project is said to deliver this via its bespoke peer-to-peer marketplace, combined with one-off tokenomics designed especially for EverCash from the ground-up.
According to official sources, users will potentially receive compensation in Binance USD (BUSD) stablecoins, which they can store along with other funds in their EverCash crypto wallets. The incentive is advertised to arrive in the form of a 10% share from all transaction fees, which is one of the highest returns in comparison with other projects. Also, there will be 8% of the total allocation reserved for buyback and burn, further supporting the hyper-deflationary token claims.
Crypto rewards are one of the most popular areas within the industry, however, there are very few initiatives that manage to stand the probe of time. EverCash, on the other hand, is widely considered one that, against all odds, will manage to deliver its promises and utility right after its launch, thanks to its carefully designed roadmap and concepts. The exact date is to be announced, but it’s expected to arrive in the near future. If you’d like to stay informed about the latest developments, visit their official website, where you can follow the latest developments and news about the new rising crypto ecosystem centered around rewards.