Can EverBNB (EVERBNB) make money from Binance?
EverBNB (EVERBNB) is an attempt to help people make money from the Binance Smart Chain.
To explain, EverBNB is a reflection token that rewards holders with Binance Coin (BNB) for each transaction. They claim EverBNB holders can automatically receive BNB rewards in their wallets.
A reflection token is a cryptocurrency that rewards holders with payments. The reflection token contains a mechanism that collects a “tax” on all transactions made with the token. The mechanism redistributes the tax to all token holders.
How EverBNB rewards token holders
EverBNB charges a 16% tax on all transactions. They use 5% of the tax receipts for buyback, and 5% of the tax receipts for marketing. Plus, they use 3% of the receipts to maintain liquidity, and payout 3% of the tax in Binance (BNB) rewards to token holders.
They also claim 5% of every EverBNB transaction will be tokenized and redistributed to all holders. EverBNB automatically pays the rewards. They require no minimum of tokens to receive rewards.
EverBNB features an automatic liquidity system designed to create a stable price floor. The hope is the automatic liquidity system will create stability. They create stability by buying tokens back through the wallet. To explain, EverBNB will buy tokens back if the price falls below a certain level.
The Future of EverBNB
DXLock provides the initial liquidity protocol. TechRate audited the smart contract. Certik Audit will onboard EverBNB with 12 months of Skynet.
The EverBNB team hopes to get all of their features up and running in the First Quarter of 2022. Those features include perpetual marketing with Twitter Influencers, a Know Your Customer (KYC) audit, Coin Listing on all the major websites, the People’s Diamond Charity Foundation Website, and an NFT collection. An NFT games metaverse, a play to earn mechanism, an NFT marketplace Creation.
They hope to reach 2,000 token holders by the end of the first quarter of 2022. You can buy EARNBNB through IndoEx and EverBNB Swap, PopCoin Chart, and EverBNB. They hope to offer EverBNB through Trust Wallet soon.
What Value does EverBNB have?
Mr. Market assigns EverBNB (EVERBNB) some value. For example, he paid $0.002153 for EVERBNB on 5 January 2022. In addition, EverBNB was the sixth most trending cryptocurrency on 5 January 2022.
CoinMarketCap gave EverBNB a $1.0.76 million Market Cap, a $2.153 million Fully Diluted Market Cap, and a $1.956 million 24-Hour Market Volume on 5 January 2022.. They based those numbers on a Self-Reported Circulating Supply of 499.910 million EVERBNB, a Maximum Supply of one Billion EVERBNB and a Total Supply of 499.910 million BNB. Consequently, EverBNB was CoinMarketCap’s 3,264th largest cryptocurrency on 5 January 2022.
In contrast, Coinbase gave EverBNB a Coin Price of $0.002, and a 24-Hour Market Volume of $1.2 million on the same day. Coinbase gives EverBNB an all-time high Coin Price of 1₵.
I think EverBNB (EVERBNB) is an interesting speculative cryptocurrency. EVERBNB is cheap enough for ordinary to buy but it could reward speculators with a real asset.
If you are thinking of taking a risk on a Reflection token, EverBNB is worth investigating.