Review on Egoras Dollar by Aygerim Begjanowa
Defi platform for unsecured micro-loans.
The Egoras lends an uncontrolled miniature to small businesses and businesses that cannot afford a safe house for banks and various administrations for the microfinance convention.
EGS uses decentralized cryptocurrency against the value of the U.S. dollar, which it uses the egoras credit administration to react to changing economic conditions and protect against the US dollar. Its value is backed by crypto insurance, not like other well-known stabilcoins that are directly sponsored by the U.S. dollar.
The EGR is a changing symbol of the Egoras Convention and plays an important role in balancing the management of the EGS and the Credit Convention. EGR is required to pay interest, which means that there will be additional interest for EGR as the selection and interest rate increases for the Egoras credit framework.
There is no shortage of capital when it comes to lending to the Egoras Convention. Once the convention has been ratified, your capital is sent.
Pros
- It has 870 wallets.
- Designed for mobile phones.
Cons
- The transaction volume is very low.
