Review on ETG Finance by Paul Maduagwu
DeFi focused project with Staking support.
ETG Finance $ETGF is a DeFi focused Erc20 token built on Ethereum. Its the utility token powering the ETG Finance ecosystem. At the time of writing this review, its price is hovering around $3.32 according to CoinmarketCap, with Uniswap decentralized Exchange as its major trading market.
The project is promising, especially one of its products E-Staking which I like so much because of the high returns. In the end of October it was announced that monthly staking rewards have been increased from 7% to 20%. Stakers of $ETGF now enjoy 240% APY, not sure how long this would last but I say why not enjoy it.
There was a strategic token burn planned around the ending of October, Organically the price shot up and can be seen on the charts. People were most likely buying more in anticipation which in my opinion is a healthy sign that a good number of people care to invest in $ETGF. The project is still growing and testing out its products, ensuring users funds are safe, this is one thing I commend.
Pros
- ERC20 token, it can be stored on any Ethereum token compatible wallet.
- Staking support.
- Good social media presence.
- Backed by working products ( E-Stake, E-Farm etc).
- Recent transactions on the explorer.
- Recently updated Github.
Cons
- Listed on very few Exchanges.
- Common products in a very competitive market.
