In the last year, a new crypto ecosystem has handed out 250% more passive income APR than Shiba Inu.
A 260% return on investment in pure passive BUSD stablecoin income was available to anyone who purchased EverGrow at the end of September of last year.
In the meantime, Binance, the leading Shiba Inu staking platform, provides an APR of 10.8%.
A rise in EverGrow trading activity has also contributed to the burning of 53% of the initial token supply, while Shiba Inu has boosted the percentage of supply it is burning since Vitalik Buterin’s historic SHIB burn in May of last year from 41.02% to 41.04%.
The two projects are now competing with one another to become the top DeFi, play-to-earn gaming, passive income, and crypto ecosystem platforms after the recent introduction of Lucro, EverGrow’s ecosystem token.
Lucro, the ecosystem token for the EverGrow platform, sold out of its first two fair launches in under 60 seconds, raising $2.25 million for liquidity and development.
It was the fair launch’s quickest selling in cryptocurrency history.
On September 15th, Lucro launched, giving early investors up to 600% profits on their money. Lucro is now available for purchase on PancakeSwap for $0.00006.
The introduction of Lucro is modeled after the token releases for the Shiba Inu ecosystem, including LEASH, BONE, TREAT, and RYOSHI.
However, EverGrow ecosystem tokens are intended to provide passive income for EverGrow investors and drive up the price of $EGC, as opposed to Shiba Inu ecosystem tokens, which support validation and liquidity.
EverGrow has handed out more than $38 million in BUSD prizes since its start in September of last year.
A 14% transaction tax, of which 8% is transferred for rewards and 2% is held back for buyback and burn, is used to fund the BUSD incentives.
EverGrow has grown its burn wallet to include 53% of its initial supply, which is 12% more than was held in the Shiba Inu burn wallet thanks to tokenomics, making it the most popular BUSD rewards token in the cryptocurrency market.
Lucro is made to build on these achievements.
A 1% tax on Lucro goes into 0.8% buyback and burn and 0.2% marketing and development.
The layer-2 Shibarium blockchain system, the ShibaEternity collectible card game and the ShibaSwap site are all being developed quickly by Shiba Inu.
On ShibaSwap, users may now stake SHIB in exchange for other ecosystem tokens, which are normally paid out at an APR of 5.41%.
This is less than the Shiba Inu staking rewards product on Binance, which has a 10.8% yield.
You must confine your Shiba Inu for 120 days in order to attain this high APR figure. You will receive your initial payment less any incentives if you redeem your tokens before the conclusion of the staking term.
The benefit of Shiba Inu staking is a respectable 10% APR return on your investment; however, there is no assurance you will get your money back because Shiba Inu might lose value over the staking time.
You are still reliant on the Shiba Inu price since rewards are handed out in SHIB.
Shiba Eternity is expected to contribute to the Shiba Inu fires, but no specifics have yet been made public. The Shiba Inu lead development team acknowledged that the ShibaSwap burn portal, which debuted in May of this year, had also had delays and problems.
