EverGrow

An NFT marketplace that returns 100% of profits to holders has launched on Monday, September 26th. LunaSky is a multi-chain marketplace for NFTs (non-fungible tokens) that collects a 2% fee on all sales. The revenue is used to buy EverGrow tokens ($EGC) and burn them from supply – the process is called BuyBack&amp;Burn and registers as a buy on price charts. Due to the reflection structure of EverGrow, BuyBack&amp;Burn will also redistribute 8% of all LunaSky revenue among EverGrow holders in Binance USD (BUSD) stablecoins. Sam Kelly, the EverGrow chairman, said: “This is the first time in DeFi where a project has created fundamental value via real world revenue and then returned that revenue to holders via the BuyBack&amp;Burn function.“A DeFi innovation from the EverGrow team to reduce overall supply and boost dividends, which are already over $38 million since we launched exactly a year ago. ”Alongside sales of an 15,000-strong in-house <a href="https://www.lunasky.com/collection/evergrowman-collection" rel="noopener noreferrer nofollow">EverGrowMan NFT collection</a>, the marketplace has generated $186,640.36 inside 20 hours of launching. Sam Kelly said that LunaSky will ‘accumulate a little more’ before setting an autobuy function up. He added LunaSky revenue could contribute ‘$24,000 to BuyBack&amp;Burn’ every day for the next 60 days.“Based on our current EverGrow trading volume – and this is not investment advice – that would create 60 consecutive days of green candles. “It’s something that’s never been seen before in crypto.”<a rel="noopener noreferrer nofollow">What is EverGrow?</a>EverGrow is a reflection token that’s paid more than $38 million in BUSD to holders since launching in September last year. Everytime you buy, sell or transfer EverGrow, you pay a 14% tax. The tax is split as follows: 8% BUSD rewards for all token holders depending on position size, 2% for liquidity on the PancakeSwap decentralised exchange (DEX), 2% for marketing and development, and 2% for BuyBack&amp;Burn. The BuyBack&amp;Burn function has already sent 53.17% of initial EverGrow supply –&nbsp;capped at 1 quadrillion tokens – to the EverGrow Null Address as seen on <a href="https://bscscan.com/token/0xc001bbe2b87079294c63ece98bdd0a88d761434e#balances" rel="noopener noreferrer nofollow">BSCscan.com</a>. BuyBack&amp;Burn from LunaSky will reduce the EverGrow supply even faster, while redistributing 8% of all revenue as BUSD rewards to holders, and creating consistent buys to help raise the price of $EGC. EverGrow aims to become the number one token for passive income generation in crypto. LunaSky is the first application to generate revenue for BuyBack&amp;Burn in the EverGrow ecosystem, and will be followed by <a href="https://crator.com/" rel="noopener noreferrer nofollow">Crator</a> – a crypto-integrated content subscription platform – and <a href="https://objectiverealityvr.com/" rel="noopener noreferrer nofollow">The Abstract</a> cloud-streamed VR gaming metaverse arcade.<a href="https://www.lunasky.com/" rel="noopener noreferrer nofollow">WHAT IS LUNASKY?</a>LunaSky is a multi-chain NFT marketplace that lets users choose to mint non-fungible tokens on the BNB Chain, Polygon or Ethereum. Both BNB Chain and Polygon are low-cost and high-speed alternatives to Ethereum.When using Ethereum on the leading NFT marketplace by total trading volume, OpenSea, users pay between $10 to $75 as a ‘gas fee’ which is separate to any NFT marketplace fees. OpenSea lets NFT artists ‘mint’ or list their works for free – the gas fee for minting an NFT on the blockchain is passed onto the buyer. Gas fees on the BNB Chain meanwhile are just $0.08-$0.50With a lower additional marketplace fee (2% vs the 2.5% fee on OpenSea) LunaSky is a competitively priced new-comer to the NFT space which gives back to its DeFi ecosystem more than any other marketplace has in history. The popularity of the LunaSky launch, along with at least one DDOS attack caused a server overload. After a brief 15-minute downtime on Monday afternoon LunaSky re-launched without any further issues.<a href="https://twitter.com/LunaSkyNFT" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://discord.com/invite/evergrow" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://youtu.be/rhZro5PJCf0" rel="noopener noreferrer nofollow">YouTube </a>| <a href="https://t.me/evergrowcoin" rel="noopener noreferrer nofollow">Telegram </a>

NEW DEFI ECOSYSTEM: NFT MARKETPLACE RETURNS '100% OF PROFITS' TO HOLDERS

EverGrow

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