What is EGO Coin: How it Works and Its Price Today!

Bittime - What is EGO coin, how it works and its price today! EGO coin is an internal token within the Paysenger platform, a blockchain-based service that connects content creators, fans, and brands.

What is EGO Coin?

By using EGO, Paysenger provides tools for content monetization as well as building deeper interactions between creators and their audience.

This article will discuss how the EGO coin works, its role in the Paysenger ecosystem, and its potential benefits to users.

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How Paysenger Works and the Role of the EGO Coin

Paysenger allows users to act as a requester, creator, or content consumer. Requester is a user or brand that submits ideas to creators in the form of paid requests.

The creator will realize the idea into content, which can later be enjoyed by content consumers.

Users who actively participate in the Paysenger ecosystem will be rewarded with EGO.

Paysenger Platform Workflow and Features

Content Request Submission

Requester or idea creator selects a creator and sends a detailed paid request. The creator then produces the content as requested.

Payments and Rewards

Once the request is fulfilled, the payment is released, and 80% or more goes to the creator's balance, while the rest is platform fees. The system also provides a hidden request option for users who wish to keep their content private.

Minting NFTs

Any content on Paysenger can be converted into NFTs, allowing creators to further monetize their content by selling or publishing NFTs.

Contests and Loyalty Programs

Paysenger hosts contests as a form of monetization that rewards creators. Additionally, the loyalty program allows users to collect additional tokens by interacting more actively on the platform.

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Benefits of EGO Coin in the Paysenger Ecosystem

AI Art Generator

EGO coins are used in the AI art generator feature that allows artists to create unique artworks according to their style. This is important as Paysenger uses a proprietary AI model to avoid copyright infringement.

NFT Platform

With EGO coins, creators can mint their content as NFTs, opening up new revenue opportunities and expanding global market reach.

Token for Investment and Funding

Paysenger allows users to purchase content or even conduct token presales for business funding needs, making EGO also useful for businesses and sponsors.

EGO Coin Price Today November 13, 2024

As of November 13, 2024, the EGO coin price is approximately Rp129.70 per EGO, with a 24h trading volume of Rp8,534,251,099.

This price may fluctuate according to the dynamics of the crypto market.

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EGO Token Unlock Distribution and Progress Details

The distribution of EGO tokens has been designed in such a way as to maintain the stability and growth of the ecosystem.

Here are some important allocations in the token distribution:

Marketing & Ecosystem (30%)

The lion's share of the token allocation is allocated to marketing and ecosystem development. It aims to increase user adoption and strengthen the platform's position in the market.

KOLs (Key Opinion Leaders) (0.7%)

A small portion of tokens is allocated to KOLs to support promotion and introduce the platform to a wider audience through influencers.

Public Sale (3.3%)

A small number of tokens are reserved for public sale, which allows general users to participate in the ecosystem by purchasing tokens directly.

Liquidity (8.5%)

Liquidity is required to ensure smooth trading of EGO tokens on various exchanges and marketplaces.

Advisors (4%)

A certain amount of tokens are awarded to the advisors of the platform in recognition of their contribution in providing guidance and strategic input to the development of the platform.

Treasury (Reserve) (7.5%)

Reserve funds are set up as collateral to support the future sustainability of the project and address any unforeseen operational needs.

Team (11%)

Team tokens are provided as incentives and appreciation to team members who have contributed to the development and operation of the platform.

Strategic Round (21%)

This allocation is intended for a strategic round involving key investors and partners who can help grow the Paysenger ecosystem through strategic collaborations.

Angel Round (6%)

Tokens are allocated for seed funding rounds from investors who support projects in the early stages of development.

Presale Round (8%)

The pre-sale round provides an opportunity for early investors to own tokens before the public launch, which can help boost early interest and liquidity.

To date, more than 135 million EGO (40.58%) has been unlocked, while the rest is still locked in to drive long-term growth.

Conclusion

With multiple functions and roles within the Paysenger platform, the EGO coin is the backbone of this ecosystem, offering various benefits to creators, fans, and brands.

Paysenger seeks to connect Web2 with Web3 technologies, creating an interactive platform that introduces blockchain to a wider audience.

References:

*https://docs.paysenger.com/how-does-paysenger-work*

*https://www.coingecko.com/id/koin_koin/paysenger-ego/idr*

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