Review on ETG Finance by Benaiah A. Akinlade
Looking forward to ETG Finance
ETG Finance is a full reward based DEfi ecosystem where you can add liquidity and start earning rewards. It is a platform which is controlled by a ERC-20 governmental native token known as ETGF. The circulating supply of ETGF is 25,000 coins and it has a maximum supply of 150,000 coins. Uniswap (v2) is the most active market currently trading ETGF where it trades in pairs with Ethereum. 1 ETGF is currently worth USD 4.65.
You can hold the token on the following wallets:
1. METAMASK
2. WalletConnect
3. Balancer
4. UniSwap
Some of the services provided on the platform include:
1. DEfi payments – the platform provides a good security system coupled with fast transactions that eliminates the middleman
2. E-Stake – If you hold ETGF token, then you will earn more ETGF and ETG as rewards for holding. Also, if you hold USDC, USDT, and DAI tokens from different crypto pools, then you will get free ETGF tokens as rewards.
3. E-Farm – When ETGF gets listed in Uniswap, hoders will get ETGF tokens by liquidity provision.
4. E-Vote – Investors are accorded the luxury to vote on team proposals, so that they can be part of the decision making process
5. E-Swap – ETGF will serve the purpose of bridging the gap between the Ethereum and Binance blockchains as it will allow you to be able to swap between both blockchains.
6. E-Vault – this service will be introduced much later in the future. It will be adopted to enable the community to work together in order to employ strategies of automating the best yield farming practices and opportunities available in the cryptospace.
Although ETGF have not gathered enough popularity for it to be fully trusted but it is showing good signs from the fact that it exchanges with the USD at the rate of USD 4.56 which is an impressive feat for a relatively unknown token. It only needs more integration with popular crypto exchanges and trading in pairs with more popular and more established cryptocurrencies. I am very certain that by the time this project kicks off, it won't be short of investors getting.
Pros
- Investors have the power to vote on community matters.
- UNISWAP rewards investors for adding liquidity.
- The platform has a good social media engagement and presence on Telegram, Twitter, Github, Medium, and Discord
- You can earn rewards on the platform when you stake your stablecoins such as USDT
- The token trades strongly against the USD
Cons
- ETGF is listed in few numbers of crypto exchanges.
- ETGF token’s market supply is very low
- ETGF seems to only swap with ETH token due to the fact that it is an ERC-20 token
