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Digital technology have given rise to a vast majority of products and solutions that rely solely on the internet, products and solutions that range from e-commerce to social networking and digital assets among several others. Then came the emergence of blockchain and cryptocurrency technology which brought about a huge liberation in many areas including social networking and digital artistic.
In this article, i discuss about EGO token, a utility asset that power all economic operations of Paysenger, a decentralized social network that monetizes communication by creating more value for it.
Get to Know About EGO, Its Use Cases and Tokenomics
EGO is a utility token that is worth your attention with it idea of connecting the world around. While powering Paysenger social networking platform, EGO makes communication seamless through the prioritization of messages from more motivated communications with it feature that filters all incoming information. Being an internal utility assets whose utilization comes with a number of benefits, EGO can be utilized alongside other payment methods such as fiat, BNB and BUSD.
EGO Paysenger have gain prominence in the cryptospace, especially in recent times as a Co-host of World Blockchain Summit Dubai, Recognized by Crypto Expo Dubai as the best ICO 2022 and one of ICOHOLDER best ten ICO of all times. EGO token liquidity will be secured by a number of factors that includes:
- A huge audience of users that wishes to pay in order to get communication attention.
- A special mechanism that allow NFTs to be traded only with EGO tokens, and
- Celebrities and influencers that advertise EGO in order to be rewarded on Paysenger.
With a total supply of 1billion tokens, EGO will serve a number of use cases that includes but not limited to:
- Pay with EGO tokens and get reduced platform fees
- Trading Paysenger NFT marketplace as all transactions ranging from sales, purchase and deducted commission are settled exclusively in EGO tokens. This creates an increased liquidity and demand for the token, and
- An opportunity to earn from trading and staking EGO.
Find EGO tokenomics below!
Public Presale of EGO Tokens on Tokensoft
From the beginning of April 2022, 3.5% of EGO Paysenger token total supply is scheduled for public presale on tokensoft at the rate of $0.05 per EGO. More information about this public presale can be found in this article. The cost of tokens for early investors is detailed in the table below!
EGO Tokens Burning and Buyback
In a bid to guarantee a fair income distibution for EGO token holders, a burning and buyback mechanism have been implemented, this mechanism entails:
- 100% of NFT minting commissions are burned forever.
- 50% of all internal settlements in EGO are burned forever, and
- 100% commision generated from fiat payment goes into EGO token buyback by the project team.
These mechanism will most certainly leads to an increase value of EGO tokens in the market.
Key Highlights of Paysenger and EGO token
Human attention is a scarce resource, thus its a phenomenal that has value, Paysenger recognizes this value and that is why the product will shift communication to a different and more valuable level. With rich features that provides valuable financial filters in regards to the cost of time and attention, Paysenger is empowering influencers and experts to seamlessly monetize their attention.
EGO is the native utility token that will primarily represent human attention in Paysenger decentralized product ecosystem. Holders of EGO stands to benefit from numerous features such as paying for influencers attention and services as well as participating in the platform's revenue sharing mechanism of burning and buyback.
Meet EGO Paysenger's Team
Meet Their Partners
In Conclusion
EGO Paysenger is a remarkable product whose ecosystem will accomodate collaborations that allow everyone to fully maximize and realize their values and true creative potentials respectively. The produc has already attracted attention with the $1.5 million it raised during seed and private sales, it will be worth it to consider being a part of it from this beginning. Do follow the official links i made available below for much more into the idea of EGO Paysenger, thanks.
Public Presale | Whitepaper | Website | Twitter | Telegram | Discord | Medium
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Forum user: thefreethinker