From Presale to the Stars: Filecoin (FIL) and EverGrow Coin (EGC) Made Millions in Presale

31 March 2022

in BNB

Reading Time: 4 mins read

From Presale to the Stars: Filecoin (FIL) and EverGrow Coin (EGC) Made Millions in Presale – Can Logarithmic Finance ($LOG) be Next?

by Analytics Insight
March 31, 2022

Filecoin and EverGrow Coin have successfully yielded millions of dollars in presale

DeFi (Decentralised Finance) has taken over.

What is Decentralised Finance and is it easy to get into?

Defi is a form of alternative finance that uses public blockchain technology to execute financial transactions. While in the traditional financial system, banks, brokerages, and other financial institutions supply financial frameworks, DeFi employs blockchain technology to eliminate the requirement for a third-party or middleman to act as a validator. Ethereum was one of the first crypto projects to introduce DeFi.

It is indeed easy to invest in DeFi cryptocurrency, and most of the time all you need to jump in are a smart device and an internet connection.

There are a few websites that help investors keep track of the market fluctuations and news, one the best being coinmarketcap.com, which since its launch in 2013 has been one of the most powerful platforms for cryptocurrency news.

Often, when a new crypto-coin is created, before hitting the trading markets, it starts by going on presale.

What is a presale?

As stated above, presale is the step that precedes the live market launch. When offered in presale, coins are regarded as “secure” and are sold at a lower price, meaning investors potentially earn more for their money.

A reward system helps the value of a wallet grow with the value of the coin. After the coin is made, the wallet becomes “physical” and can be swapped, sold or kept for further value.

While now powerful cryptocurrencies such as Filecoin (FIL) and EverGrow Coin (EGC) are two examples of cryptos that showed the market how a presale is done, returning millions to its presale ventures’, we believe that there is a new opportunity. That is Logarithmic Finance ($LOG).

Filecoin (FIL):

Filecoin Protocol is a Decentralized Storage Network (DSN). By giving up space on their hard drives to the networks, miners can earn FIL. Users can pay with Filecoin to store their files in this Decentralised Network of storage. The main goal is to change the way large-scale file storage is done now.

During a private presale in September 2017, Filecoin raised $52 million. Later, they raised another $205.8 million in a public ICO, totaling a mind-boggling $257 million. This is the largest ICO figure to date.

Filecoin’s goal is “to keep all of humanity’s most important information in one place.” The network has a reward system that encourages people to be honest and share information. Investors can mine and store Filecoins to get more blocks. More blocks are given out as a reward for being a part of the game.

1 FIL is currently worth $17.35

EverGrow Coin (EGC)

In just two weeks, EverGrow Coin, the very first cryptocurrency to produce passive income in BNB anchored US dollars, had surpassed the 20,000-holder mark. With an initial marketcap of $125,000, the EverGrow Coin presale sold out in just 5 minutes.

Over the next 14 days, EverGrow Coin grew to a market worth of $200 million, and it has already paid out over $3 million BUSD in rewards to all of its holders. EverGrow, the antithesis of meme coins such as Shiba Inu (SHIB) or Dogecoin (DOGE), is quickly becoming one of the most popular platforms for combining cryptocurrencies with DeFi solutions. By the end of 2022, the company hopes to be one of the top 20 cryptocurrency exchanges in the world.

Time for Logarithmic Finance ($LOG)

After Filecoin (FIL) and EverGrow Coin (EGC), it is time for Logarithmic Finance ($LOG).

Analysts have examined the current market and the new protocol’s whitepaper and they are predicting $LOG to do greatly in presale too.

Logarithmic Finance aspires to be the next-generation Decentralised Finance and Swapping Protocol that connects early-stage blockchain inventors with investors seamlessly. Its easy-to-use interface and Web 3.0 technology infrastructure would enable innovators to raise capital and create products that would quickly draw top-notch investors to the platform.

To further improve and entirely decentralise liquidity auctions and fundraising, experts at Logarithmic Finance have embarked on a quest to facilitate the cross-chain movement of tokens throughout heterogeneous blockchain networks and to develop interoperability between them.

It sounds like $LOG tokens will quickly be in many, many crypto-wallets across the world.

Finding the correct investment to pour your capital into might be a challenge, especially when there are almost 20,000 cryptocurrencies options on the market. We believe that Filecoin (FIL), EverGrow Coin (EGC), and Logarithmic Finance ($LOG) can be great investments right now.