Egoras, a microfinance protocol that launched on August 28, 2021, has quickly become one of the most talked-about organizations in Africa. In just three years, the company has grown to over 200 employees and contractors, and is now focused on moving Africans from fossil fuel-powered products to sustainable fuel-powered products.
Egoras offers a range of sustainable products, including dual fuel generators, auto-gas generators, dual fuel tricycles, and electric powered automobiles. The Organization goal is to make sustainable products more accessible and affordable for Africans, while also reducing the continent’s reliance on fossil fuels.
Egoras’ rapid growth is a testament to the company’s innovative approach to microfinance and its commitment to sustainability. The organization products and services are helping to make Africa a more sustainable and prosperous continent. Egoras Credit (EGC) is the utility token of the Egoras ecosystem. It is used to purchase Egoras products at a discounted rate and to participate in the governance of the Egoras ecosystem.
Egoras Credit Allocation
The current total supply of EGC is 93,677.35244 tokens. The contract interface has a token-burning capability, so the total supply decreases as tokens are removed from circulation through token burns. This token burn mechanism helps to create scarcity and potentially support the price of the coin over time, as demand for EGC increases.
Reducing the total supply also ensures that the Egoras ecosystem remains stable and sustainable in the long run. It also means that the Egoras team will carefully manage the distribution of coins to ensure that there is enough liquidity to support the various use cases of the coin, such as the purchase of products within the ecosystem.
Modeled vs. actual token release schedule
EGC’s actual circulating supply is currently 34,661.3947 EGC, while its modeled circulating supply is projected to be 44,730.9 EGC by December 2023. This represents a difference of 10,069.541 tokens (10%).
Egoras is experiencing rapid growth in its community and platform, driven by strong confidence in its products, which are released sustainably during a time of high energy costs in Africa. The organization app will facilitate the integration of EGC into its ecosystem and its adoption in Africa. We have several exciting product releases, electric car launches, and annual sales announcements coming soon. With these strong fundamentals, the excitement and support of the EGC community, and the upcoming announcements, it is no wonder that the industry is buzzing about EGC.
About Egoras
Egoras is an organisation that is using blockchain to make sustainable transportation and energy more accessible and affordable in Africa. We build automobiles and energy generation products that run on sustainable fuel, and offer structured credit to help customers purchase them. Our platform also provides a detailed audit trail of all component transactions, allowing users to track provenance and verify authenticity. This traceability is essential for recalling batches of products if counterfeit components are detected.
For any questions, please feel free to reach out to us on:
Website: https://egoras.com/
Telegram: https://t.me/egorashq
Twitter: https://twitter.com/egorashq
Medium: https://egoras.medium.com/
