Review on EverGreenCoin by Temitope Babatunde
If Adequately Supported It Will Help Our Environment.
Steven Saxton of Kent state university alumni of Newton falls Ohio founded the EvergreenCoin project in December of 2015. It is a project that was set up to raise money, which will be use to cater for the betterment of our environment. The coin supply is predetermined and the number can not be increase without the consesus of the network, and the price is being determined by the market force.
The whole project is being organized into branches with each branch on the area it understand best. All the branches interact with each other and they share resources which they inturn use for environmental goodness. There is Evergreen Foundation which coordinate all the branches and supply them with necessary resources. New branch can be formed whenever there is enough community in a specific area of focus the foundation support the new branches as well.
Users can buy and hold the coin to support the project, they can as well stake it to earn some rewards or users can also share their ideas to support the project. The coin is mined with X15 proof of work.
This project need much support in order to achieve it's objective.
Pros
- Any merchant who wanted to support the project can accept it as a means of payment.
- The personnal data of the users are not collected before they can access the coin.
- The project is transparent without any hidden fees.
- Using it help to protect the environment from environmental hazard.
- Users who decided to stake the coin are rewarded with 7 percent annual reward.
- It has good communities accross the social media platforms.
- It is very easy to form branches with good support from the Evergreen Foundation.
Cons
- There is low publicity about the project.
- 7 percent annual reward may be too small for some investor who may want to stake the coin considering that there are a lots of other popular projects paying higher than that.
