LOS ANGELES, CA, April 10, 2022 (NEWSCALL) — Equitable Growth Opportunity, or EGO, is transforming the cryptocurrency market by providing investors with the education not only to understand the mechanics behind their project, but to leverage that knowledge and their own to promote financial growth. EGO is the first Investing-as-a-Service protocol to offer a sustainable 30% APR per month by staking while trading for a fixed number of hours. This is the second cryptocurrency to adopt the trading hours of the New York Stock Exchange and will be launched on the Binance Smart Chain (BSC) network on Monday, April 11, 2022 at 9:30 am EST. With education, transparency and sustainability as core values, the team behind EGO brings innovation to the world of digital currency.
Photo credit: Stephanie L.
As the cryptocurrency market continues to evolve, new opportunities for gaining financial freedom are being introduced into the space. Investors are no longer encouraged to hold onto their tokens to benefit from their investments. With Nodes as a Service (NaaS) protocols and high-yield farming and staking, investors have the opportunity to put their money to work for them. Although the services mentioned differ in their processes, they all offer the same opportunity – earning passive income.
Nodes are transaction validators for a specific network on the blockchain. Proof-of-work validators require miners to physically build the equipment that validates transactions on the network. Although this method maintains a stronger consensus and offers more security, the hardware used for the proof-of-work requires a huge amount of energy consumption. As a result, Proof-of-Stake was developed to allow validators to participate in these cloud-based node services without having to purchase and build the necessary hardware. Node service providers host nodes that can be purchased and begin earning daily rewards from a portion of the transactions that the node validates.
The story goes on
NaaS protocols exist on almost all blockchain networks. The amount of Daily Tokens rewarded depends on the initial cost of the node, which is determined by the tier you choose. The higher the tier, the higher the upfront cost but also the return on investment (ROI). The development team behind Equitable Growth Opportunity or $EGO has researched these passive income protocols and set up Investing as a Service to mitigate the potential risks that come with such investments.
Similar to a modern day hedge fund, EGO uses transaction taxes to invest in the above passive income projects available on the various blockchain networks. By doing so, they create two streams of income – transaction taxes and daily rewards from the investments. $EGO token holders can stake their tokens, or in other words, lock their tokens for a period of time and earn up to 30% APR per month on the dollar value of their initial investment. There is no minimum amount required to stake $EGO and earn residual income.
Staking, similar to a traditional savings account, allows holders to earn a fixed return on their investment. When your tokens are staked, they are locked and cannot be sold during the staking period. Although the value of the token is subject to market conditions, the rewards are based on the locked USD value. The rewards are then distributed in the stablecoin BUSD to preserve the value of the earnings.
Each week, the EGO community hosts live educational sections on Twitter to share knowledge about nodes, staking, and high-yield farming, to name a few. This project places great emphasis on crypto education, blockchain awareness and rewarding investors for their contribution. The future of Metaverse banking is here!
EGO – the bank for the bankless society.
Article written by Jennifer S.
CMO of EGO
Website: growyourego.finance
Twitter: @growyourego
Telegram: https://t.me/egosystem
The Team: https://ego-1.gitbook.io/ego/about-us/the-team
Disclaimer:
The information provided in this press release does not constitute investment, financial or trading advice. It is recommended that you exercise due diligence (including consulting a professional financial advisor) before investing or trading in any securities and cryptocurrencies.
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