EverEarn Rewards
Last updated
Last updated
EverEarn is a 'Rewards Token'; meaning that it pays out additional cryptocurrency back to holders. There are two forms of rewards for holders (those who do not sell their $EARN tokens)
The EverEarn crypto contracts pay out 11% rewards to holders; specifically, 11% of the total buy, sell and transfer volume is collected by the contract, then used to buy BUSD or USDC, and distribute back to holders based upon the percentage of the total supply that they own. Each $EARN token on each blockchain (BSC, ETH and POLY) is separate. If you hold $EARN BNB tokens, then you receive 11% rewards based upon the transactional volume on the BSC blockchain. If you hold $EARN ETH tokens, then you receive 11% rewards based upon the transactional volume on the ETH blockchain...and the same for POLY.
Let's assume you own 100 Million $EARN BNB, which represents 0.1% of the total supply, but actually represents approximately 0.28% of the reward eligible supply (more on that below). This means that for every $10,000 ($10k) or trade volume on the chart, you receive approximately $3.00 of that in your wallet in BUSD or USDC. You can use the EverEarn Rewards Calculator app to see what your rewards volume potential could be, based upon various transaction volume amounts. Feel free to play around with the app to see how it could affect you
External Income Rewards refers to income generated by the EverEarn project, which originated outside, or separate from, the trade volume chart. This income can be used to buy back and burn tokens from the $EARN charts, in which case you receive more transactional rewards, or the income can be directly injected (with the launch of the new POLY contract) into the contract for increased reward distributions out to holders
This is yet to be released, but is coming very soon. XXX Rewards is a new incentivised reward offering for active holders, where they will have the opportuntity to earn BNB, ETH and MATIC, in addition to their transactional rewards.