1 EverGreenCoin (EGC) = $0.009347261 (USD)
Monday, December 9th, 2019 04:21:59 AM EST

Frequently Asked Questions (FAQ)

Answered to help newcomers

 

What is EverGreenCoin?

EverGreenCoin is a currency designed from the ground-up not only to be an environmentally friendly currency but, an environmental movement and paradigm shift. With both the electrically and computationally efficient and secure algorithm of X15 Proof of Work and the generously rewarding 7% Proof of Stake the foundation has been set.


What is Cryptocurrency?

Cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The network agrees on the protocol (rules) through open sourced software. Users make and contribute to the code, thus the rules. Not banks. Not governments. Not even the EverGreenCoin Foindation can, because consensus of the network is needed in any and all cases.


Who Started EverGreenCoin?

EverGreenCoin was started by Mr. Steven Saxton (Kent State University Alumni) of Newton Falls, Ohio on December 25, 2015. EverGreenCoin started as an idea of backing store-of-value with environmentally friendly and conscious tasks.  Get involved and YOU will be how EverGreenCoin started.


How do I get Involved?

There are multiple way to get involved with the EverGreenCoin Movement. You can buy and hold EverGreenCoin to support your favorite initiatives. Earn EverGreenCoin via Proof of Environment and accepting for goods or services. Share your ideas and support on one of our many social media sites, like Twitter or Facebook.


How to purchase EGC on an exchange.

Learn how to purchase EGC on an example exchange with this easy tutorial. This video was made by community member, Joe Howard.


How to Download and Operate my Wallet?

Learn how to download and use your EverGreenCoin wallet with this easy tutorial. This video was made by community member, Joe Howard (aka 'Tiger Joe', aka 'Grumpy Tiger')


How to Backup your EverGreenCoin Wallet.

One of the most important steps for protecting your EGC.

 


How do I Sync faster with the EverGreenCoin Snapshot?

Downloading the entire EverGreenCoin blockchain may take some time if you have a slow Internet connection.  The EverGreenCoin snapshot will allow you to download your wallet in a much shorter time.  You can find the snapshot HERE and follow along with this tutorial.


Is there an EverGreenCoin App?

EverGreenCoin Android App


How do I accept EverGreenCoin at my Business?

Accepting EverGreenCoin is easy for merchants.  You can learn and become a merchant by visiting our Merchant Information page, click here.


What is Staking?

Staking is the reward you receive for supporting the network and processing the EGC blockchain by holding EGC in an unlocked and fully synced wallet. Staking with EverGreenCoin earns you 7% annual network rewards. You are not required to stake. But it does help the EverGreenCoin network and is greatly appreciated.

Staking indicator


What is Staking for Charity?

You can optionally direct your staking rewards you recieve to another EverGreenCoin address. The EverGreenCoin software (aka 'EverGreenCoin wallet') has been customized to populate a list of authorized efforts which can be easily selected from a drop down menu. This list is maintained by The EverGreenCoin Foundation and can be updated dynamically as new autorized efforts are added without the need for you to upgrade. Please also see https://evergreencoin.org/staking-for-charity/ for more information.


EverGreenCoin Brochure

We have made an introduction brochure to help you understand EverGreenCoin or how to explain it to others.


EverGreenCoin Never Solicits Door-to-door

No represenative of the EverGreenCoin Foundation, Inc. will ever knock on your door and ask for money.

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Putting economics to work for our ecosystem

By possessing EverGreenCoin you become the backing of EverGreenCoin. Your support in doing so helps all of our initiatives. By mining (aka 'Staking') you help even more and are rewarded for your computational work. Participants and donors are free to trade or sell EGC on the secondary markets. EverGreenCoin Foundation, Inc. does not receive any profits or financial benefits from these or any sale or trade of EGC on the secondary markets.