+30.82% growth: How to Buy Egoras (EGR) – A Step by Step Guide
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What is EGR?
Launched on 18/11/2019 by a team-based in the United States, Bangladesh, Vietnam, and Nigeria, Egoras protocol comprises two tokens: Daric token (DXAU - a decentralized stable coin pegged to 1 XAU.) and Egoras token (EGR- a cryptocurrency used to facilitate the stability of the Daric token ). EGR tokens are also used to pay transaction fees on the Egoras platform and provides holders with voting rights within Egoras's voting system.
Egoras uses the Ethereum network for the transaction layer (sending and receiving EGR tokens, as well as interacting with the EGORAS smart contract), whilst the consensus code and staking mechanism is contained in the EGORAS smart contract.
Egoras allows users to stake his or her EGR coins for a share of the new coin issuance, or inflation and contains features designed to incentivize behaviours that encourage price appreciation, stabilise DXAU and disincentivize behaviours that encourage harm to the price. The Egoras smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of EGR for longer periods. The maximum possible annual inflation of EGR is designed to be 3.69% after the first year of launch.
Currently EGR is being ranked 1739 on Coinmarketcap and has recently surged a hefty 30.82% at the time of writing.
EGR has been listed on a number of crypto exchanges, unlike other main cryptocurrencies it cannot be directly purchased with fiats. However, the good news is that it's being listed on Binance and KuCoin, two of the top crypto exchanges and has huge daily trading volumes. You can easily buy this coin with bitcoin purchased from any large exchanges, in this guide article we will walk you through in detail the steps to buy EGR.