Egoras (New)

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EGR to USD Converter

EGR

Egoras (New)

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EGR Price Live Data

Egoras (New) to USD Chart

1D

7D

1M

3M

1Y

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ALL

LOG

USD

Want more data? Check out our API

EGR to USD Converter

EGR

Egoras (New)

1

USD

United States Dollar

0.0049

How do you feel about Egoras (New) today?

Vote to see community results

EGR Price Live Data

The live Egoras (New) price today is $0,004917 USD with a 24-hour trading volume of $524 332 USD. We update our EGR to USD price in real-time. Egoras (New) is down ,92% in the last 24 hours. The current CoinMarketCap ranking is #3397, with a live market cap of not available. The circulating supply is not available and a max. supply of 100 000 000 EGR coins.

If you would like to know where to buy Egoras (New), the top cryptocurrency exchanges for trading in Egoras (New) stock are currently MEXC, and BitMart. You can find others listed on our crypto exchanges page.

Launched on 18/11/2019 by a team-based in the United States and Nigeria. Egoras protocol aims to address issues facing microfinance sectors like high-interest rates, dependence on banks, and indebtedness. Egoras protocol uses an on-chain treasury system to make sure that Egoras protocol does not lack the funds or liquidity for the loans and these funds are governed by the people. Finally, the Egoras protocol introduces collateral lending to address over-indebtedness in the microfinance sector, small business assets will be converted to non-fungible tokens and it represents the collateral and these assets will be sold off when the borrower defaults the loan.

All loans are over collateralized by real-world assets like real estate, vehicles, and supply chain invoices. The real-world assets backing are represented as NFTs.

How it works

By voting on Egoras, users can support causes that they care about and make an impact.

Connect wallet and lock EGR on Egoras lending protocol, Browse by category and find an entrepreneur to support to receive ETH voting rewards.

EGR voters receive two kinds of rewards. Firstly, they receive EGR voting rewards, which are created through the inflationary monetary policy. Secondly, they receive ETH which is generated when the borrowers pay back the loans. EGR voters receive two kinds of rewards. Firstly, they receive EGR voting rewards, which are created through the inflationary monetary policy. Secondly, they receive ETH which is generated when the borrowers pay back loans.

EGR holders are responsible for governing the Egoras Lending Protocol, which includes approving and declining of loans. The EGR tokens locked up during the governance process are returned to the holder 72hrs after the governance process is over.

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