How to Sell EverGrow Coin on Trust Wallet? Swap EGC for BNB
A deflationary token to dwindle in supply over time is called EverGrow Coin ($EGC). Every Buy/Transfer/Sell Transaction in Binance pegged USD ($BUSD), immediately delivered to your wallet, will reward Eligible Holders* of $EGC with an 8% reward. This produces consistent passive revenue.
Several plans are in place to gradually reduce the quantity of EverGrow Coin, which will increase the value and reward percentage of individual holdings.
Every transaction generates 2% $EGC, which is transformed into BNB and held in the contract through BuyBack & Burn.
When BuyBack & Burn is enabled, the contract buys $EGC directly from exchanges, immediately bringing the price up and permanently deleting those purchased tokens from the circulating supply by sending them to the contract’s “Burn” address. Because less money is in circulation, holders receive a more significant portion of the rewards.
In the upcoming months, EverGrow will also roll out several tools and platforms that will each earn income on their own.
All earnings will be used for additional BuyBack & Burn, causing favourable price action and eliminating more tokens from the circulating supply and rewards eligibility rather than going to the EverGrow founders and employees.
Also Read: How to Buy EverGrow Coin
What is EverGrow Coin?
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EverGrow, introduced in September 2021, calls itself “the world’s leading yield-generating token.” Hold its native $EGC tokens in your wallet to receive passive income from $BUSD and a regulated stablecoin tied 1:1 to the US dollar every 60 minutes.
In other words, whether there is a bullish or negative market, the longer investors keep the EverGrow coin, the more passive income and capital growth they may produce in the long run.
EverGrow is powered by the BSC blockchain, which has faster block times and cheaper gas costs than competing systems. Because it adheres to the BEP20 token standard, other BSC protocols can be easily integrated while maintaining privacy and security.
How to Sell EverGrow Coin on Trust Wallet?
To sell EverGrow Token on the Trust wallet, you must first exchange EverGrow Coin for BNB on PancakeSwap, and then you must exchange BNB for the stablecoin BUSD. Following that, you can withdraw fiat money from Binance.
Unlike other significant cryptocurrencies, EverGrow Coin cannot be sold directly on Trust Wallet. Before you can sell your BNB on Trust Wallet, EverGrow Coin must first be swapped for BNB.
Steps to sell EverGrow Coin on Trust Wallet:
Step 1: Log into the Trust Wallet
First, login into your Trust Wallet Account in your mobile app. Make sure you have sufficient EverGrow Coins available for Swap.
Step 2: Go to DApps Option
Go to the DApps option to switch your EverGrow Coin. If you are using the Trust Wallet mobile app, this option will be in the bottom right corner of your mobile screen.
Step 3: Search for the PancakeSwap Option
Search for PancakeSwap in DApps using the provided list. To exchange your EverGrow Coin, choose PancakeSwap. Following your selection of PancakeSwap, you will be redirected to its website.
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. If not, then select the Smart Chain from the list.
Step 4: Selecting BNB for swapping
Usually, BNB is offered as the presumptive option to trade with. If another cryptocurrency is offered, choose it, and a list will appear. From the list, pick BNB.
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 you want to swap. Please enter the contact address for EverGrow Coin, which is mentioned below i.
EverGrow Coin Contract Address: 0xC001BBe2B87079294C63EcE98BdD0a88D761434e
The 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
You will now be prompted to enter the quantity of EverGrow Coin you wish to exchange. Enter the amount and verify the exchange rate of the cryptocurrency you use to exchange 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
Select the Swap button. The page will make a second confirmation request. To finish the transaction, press the Confirm Swap button. Wait a few minutes to see if the exchanged amount has been credited.
When you swap EverGrow Coin with BNB, you can sell it on Trust Wallet
Step 7: Convert BNB into a Stable Coin
First, a stablecoin must be created from the BNB. You must select BNB to convert it to BUSD, a stablecoin, by going to the Dex option in the Trust Wallet and selecting that choice.
Step 8: Input the Amount and Withdraw
The quantity of BNB you want to exchange for BUSD must be entered. Click on the Swap after entering the appropriate amount.
The next step is to choose BUSD and then click Send to Withdraw.
A pop-up will appear asking you to enter the “Recipient’s address”, or you can scan the QR code displayed on the screen.
Step 9: Deposition of BUSD
Go to your Binance account and click the deposit option to select BUSD as your deposit currency.
Copy the “Binance receive/deposit address” and ensure you are in the “proper network” on the exchange.
Step 10: Complete the Swap
Return to the Trust Wallet page you were on after copying the deposit address from your Binance account.
Continue by pasting the copied address into the field labelled “Recipient’s address.” The BUSD value is now transferred to the “Binance centralised exchange wallet.”
Step 11: Withdrawal of the BUSD from the Binance Account
Go to your account and click the “Withdrawal Fiat” button in the upper right-hand corner after transferring the money to your Binance account.
You will now be prompted to choose the fiat cash you wish to withdraw from the page. Next, you must enter the quantity of BUSD you want to cancel.
The page will ask you to enter your bank information at the very end. There will be a beneficiary area; inside it, you can “add a new card.”
Enter your card number and complete the process. This is how the amount will be transferred to your bank account.
How Much Time Does It Take To Swap EverGrow Coin With BNB?
It will take a few minutes to exchange EverGrow Coin into BNB on Trust Wallet. Rarely, it might even take hours.
Swapping the EverGrow Coin into BNB on Trust Wallet is relatively straightforward due to the platform’s simplicity.
The Swapping process only takes a few minutes, but it can take a bit longer for it to be approved and the money to show up in the Trust Wallet.
Why Can’t I Swap EverGrow Coin With BNB?
Occasionally, attempts to swap EverGrow Coin for BNB on PancakeSwap may fail. A notification informing you of an error appears when you click Confirm Swap.
If so, try to switch it with BNB again after reducing the EverGrow Coin you want to exchange. If the problem warning reappears, the token’s liquidity is still restricted.
It would be reasonable if you waited a while before starting the procedure from scratch. The exchange won’t be finished until the token’s liquidity is released. Up until it is unlocked, the user is at a complete standstill.
This article contains comprehensive information on the swapping or selling of EverGrow Coins on Trust Wallet.
With the BNB on Trust Wallet, swapping EverGrow Coin is simple; occasionally, mistakes happen.
Users are asked to try again with less EverGrow Coin if the exchanging process fails.
If it still doesn’t function, it signifies that the token’s liquidity is still locked, leaving the user with no choice but to wait for it to be unlocked.
Later, they can try to swap their EverGrow Coin using the same procedure. The procedure is a free service and takes a few minutes to complete.