Description: Equitable Growth Opportunity (EGO) is built to provide Investing as a Service (IaaS). Each transaction contributes to the growth of the EGOsystem in order to provide passive income while maintaining sustainability.
EGO eliminates the need for a constant stream of new investors in order to be able to reward their holders. Our Investing as a Service (IaaS) protocol serves as a "bank that offers up to 30% APR a month for our investors. Through investments in other passive income projects, EGO builds a treasury that will be divided to allocate funds to initiate buybacks, reinvest into Naas protocols, and add to our Liquidity Pool (LP). By doing so, we will have an extra stream of revenue coming into the project other than the percentage from the transaction taxes. This additional funding is what enables us to build a sustainable passive income opportunity for cryptocurrency investors.
Unlike other cryptocurrencies that offer residual income, EGO does not require a minimum amount of tokens to be staked in order to earn a percentage of your investment daily. Thus, there is no set amount that is required since any amount worth of tokens can be staked and earn rewards. Investors will be able to earn up to 30% APR a month regardless of the amount they choose to invest.
Additionally, the SEGO smart contract auto-liquidates and converts tokens from the transaction taxes and passive income profits to Fantom (FTM) in order to reduce sell pressure. Whereas the staking rewards will be distributed in USDC, a stable coin that is available on the Fantom network. By doing so, we will prevent the project itself from selling its own tokens and causing a long red candle on the graph. As a result, Fantom tokens will be sold instead of SEGO tokens each time a sell is required from one of the wallets. This will contribute to a less volatile chart and prevent any drops in price that are caused by the project's executions.
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