EverGreenCoin: A Cryptocurrency Supporting Environmental Protection

What is EverGreenCoin

Friends, imagine if there were a digital currency that wasn’t just for trading, but could actively help make our planet greener and better—isn’t that cool? EverGreenCoin (EGC for short) is just such a project. You can think of it as a “green digital currency” created to support environmental causes, so that while participating in the digital economy, everyone can also contribute to the Earth.

It’s like an “environmental fund,” but with a unique operating model: it uses blockchain technology to give everyone a chance to participate in environmental actions and earn rewards for doing so. Its target users are anyone who cares about the environment, wants to support it in new ways, and those interested in digital currencies who hope they can have a positive social impact.

Simply put, you can support the network and earn some returns by holding and “staking” this coin, and you can even complete environmental tasks (like planting trees, cleaning up litter, etc.), upload photos, and receive EGC rewards.

Project Vision and Value Proposition

EverGreenCoin’s vision is very clear: it hopes to use blockchain technology to encourage environmental activities globally, raise environmental awareness, promote environmental education, and foster community participation. Its core value lies in combining the economic incentives of digital currency with real-world environmental action, addressing the energy consumption issues of traditional cryptocurrencies, and providing a sustainable funding source and participation platform for environmental causes.

Unlike many other digital currencies, EverGreenCoin is not just a “coin”—behind it is a registered 501(c)(3) nonprofit charitable foundation: the EverGreenCoin Foundation. This foundation is dedicated to investing project proceeds into environmental initiatives such as reforestation and wildlife protection, truly achieving “taking from the environment, giving back to the environment.”

Technical Features

EverGreenCoin’s technical foundation traces back to Bitcoin, but it has undergone extensive modifications and optimizations to fit its environmental positioning. It runs on its own blockchain, which you can think of as an independent, open, and transparent “green ledger.”

In terms of consensus mechanism, EverGreenCoin uses a hybrid model: X15 Proof of Work (PoW) and Proof of Stake (PoS). In its early days, it issued a portion of coins via PoW (like Bitcoin mining, but using the more energy-efficient X15 algorithm); this PoW phase has ended, with a total of 13 million EGC issued. Now, it mainly relies on the PoS mechanism.

Proof of Stake (PoS) mechanism: This is like depositing money in a bank and earning interest. In EverGreenCoin, if you hold EGC and “stake” it in your wallet, helping to maintain the network’s security and stability, you can earn a 7% annual EGC reward. This is both energy-efficient and encourages long-term holding and support for the project.

Additionally, EverGreenCoin has a very unique “Proof of Environment” (PoE) initiative. This isn’t a technical consensus mechanism, but a reward system that encourages people to participate in environmental actions. You simply submit photos or videos of your environmental tasks (like cleaning beaches, planting flowers, etc.) and have a chance to earn EGC rewards. It’s like an “environmental task platform” that makes it easy for everyone to participate and receive tangible incentives.

On the technical side, EverGreenCoin’s block generation time is about 180 seconds, and full transaction confirmation requires 7 blocks, roughly 21 minutes.

Tokenomics

EverGreenCoin’s token symbol is EGC, and it runs on its own blockchain.

• Total Supply and Mechanism: Initially, 13 million EGC were issued via the X15 PoW mechanism; this PoW phase has ended. Due to the PoS reward mechanism, the current circulating supply is about 14.53 to 15 million EGC. The project’s maximum supply is set at 26.298 million EGC.
• Inflation/Burn: Currently, EGC is mainly issued via the PoS mechanism at a 7% annual rate—an inflation mechanism designed to reward users who stake tokens to maintain the network.
• Token Utility:
  • Store of Value: As a digital asset, it can be held long-term.
  • Medium of Exchange: Can be used for transfers and payments within the EverGreenCoin network.
  • Staking: Holding and staking EGC earns a 7% annual reward and helps maintain network security.
  • Participate in Proof of Environment (PoE): By joining environmental activities and submitting proof, you can earn EGC rewards.
  • Support Environmental Projects: EGC can also be donated to environmental projects supported by the EverGreenCoin Foundation.
• Token Distribution and Unlocking: Early distribution was via PoW mining; now, it’s mainly through PoS and PoE rewards. During the PoW phase, 2% of rewards were allocated to the EverGreenCoin Foundation.

Team, Governance, and Funding

The EverGreenCoin project is driven and managed by the EverGreenCoin Foundation (The EverGreenCoin Foundation, Inc.), a registered 501(c)(3) nonprofit charitable organization in Ohio, USA. This means it is a legally regulated charity, operating transparently and dedicated to public welfare.

The foundation’s core members include: Steven Saxton (President), Jason Fowler (Treasurer), and Celestino Cantu (Secretary). The foundation’s board members vote on the project’s development direction and use of funds. This governance structure ensures that decisions are based on community interests and the environmental mission.

In terms of funding, the foundation has a public EGC wallet address (EdFwYw4Mo2Zq6CFM2yNJqXvE2DTJxgdBRX), with its balance publicly viewable—for example, at one point, the wallet held over 620,000 EGC. Funding sources include the 2% reward from early PoW mining (now ended) and community donations. These funds are used to support EverGreenCoin’s initiatives and environmental projects.

Roadmap

Since its launch on Christmas Day, December 25, 2015, EverGreenCoin has reached several key milestones.

• December 25, 2015: EverGreenCoin project officially launched as a “gift” to crypto enthusiasts and the Earth.
• Early Stage (about 6 months): Completed the X15 PoW mining phase, generating 13 million EGC and laying the initial token foundation for the project.
• Block Time Adjustment: After block height 892,000, the block target time was hard-forked from 60 seconds to 180 seconds to optimize network performance.

Currently, EverGreenCoin is focused on the ongoing development of its Proof of Environment (PoE) initiative, encouraging more people to participate in environmental actions and supporting various environmental initiatives through the foundation. While specific future technical roadmap details are not frequently updated in public sources, its core development direction always centers on the mission of “combining cryptocurrency and the environment.”

Common Risk Reminders

Friends, every digital currency project comes with risks, and EverGreenCoin is no exception. Before participating, please be aware of the following:

• Technical and Security Risks: Although EverGreenCoin is based on Bitcoin’s code and has been modified, as an earlier project, its codebase maintenance and update frequency require ongoing attention. Also, any digital wallet is at risk of being attacked, especially web wallets; the official team also advises against storing large assets in them.
• Economic Risks: The digital currency market is highly volatile, and EGC’s price may fluctuate dramatically. Notably, some mainstream data platforms currently show incomplete or zero market data (such as price charts and market cap) for EGC, which may indicate low liquidity and higher trading risk. The 7% annual PoS reward is attractive, but it also means the token faces ongoing inflationary pressure.
• Compliance and Operational Risks: Although the EverGreenCoin Foundation is a registered charity, the regulatory environment for digital currencies remains uncertain globally. The project’s long-term success depends heavily on continued community participation, effective environmental activities, and the foundation’s fundraising ability.

Please remember, the above information does not constitute any investment advice. Always conduct your own independent research and risk assessment before making any decisions.

Verification Checklist

If you want to learn more about EverGreenCoin, here are some official and community resources you can consult:

• Official Website: evergreencoin.org
• Whitepaper: The official website provides the whitepaper, which is the key document for understanding project details.
• Block Explorer: You can view EGC’s transaction records and blockchain status at transactions.evergreencoin.org.
• GitHub Repository: The project’s open-source code can be found at github.com/EverGreenCoinDev/EverGreenCoin, where you can check its development activity.
• CoinMarketCap Page: Search for EGC on CoinMarketCap to view its market data, but pay attention to data completeness.

Project Summary

In summary, EverGreenCoin is a digital currency project with environmental protection at its core, aiming to use blockchain technology to provide innovative support for global environmental causes. Its unique Proof of Environment (PoE) mechanism and 7% annual Proof of Stake (PoS) reward are designed to motivate users to actively participate in environmental actions and hold tokens long-term. The EverGreenCoin Foundation, as the nonprofit organization behind it, also ensures the project’s public welfare nature.

However, as a digital asset, EGC faces market volatility, liquidity risks, and challenges in ongoing development and community engagement. For those without a technical background, EverGreenCoin offers an interesting case study of how blockchain can be combined with social good. But always remember, digital currency investment is high risk; this article is for educational purposes only and does not constitute investment advice. Always do your own research and make decisions carefully before participating in any project.