Eggland’s Best to Release an egg-price Backed Stablecoin

Eggland’s Best to Release an egg-price Backed Stablecoin

Time Stamp: January 20, 2023 7:20 AM
  1. Eggland’s Best is releasing a stablecoin pegged to an egg`s price.
  2. The currency will be known as EGG.
  3. Users may buy as many EGGs as they like at today’s pricing if they have EGG.

On the 20th of January, Eggland’s Best, one of the biggest egg producers in the world, made the announcement that they would soon be launching a stablecoin that will be pegged to the price of a single egg.

According to this report, the currency will be known as EGG. It will always be available to be redeemed for one EGG from Eggland’s Best, a retailer that carries only the highest quality eggs according to the report.

As such, Eggland’s Best CEO stated;

Man has always had a problem with purchasing eggs, you can’t buy hundreds or thousands of them right now that the price is low because they will go bad before you are able to eat them but with this new EGG coin, you can purchase your eggs at today’s price and enjoy them tomorrow without having to worry about them rotting.

It is essential to bring to remember the fact that the price of eggs is purportedly growing out of control. Customers now have the ability, for the very first time, to buy eggs now and eat them tomorrow thanks to a recently developed technology and the power of blockchain.

Users may buy as many EGGs as they like at today’s pricing if they have EGG. They can be certain that in the future when prices will have skyrocketed and everyone else will be paying 200% more, they will still be able to exchange the EGG coins for actual eggs if the users have EGG.

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Tags: EGGEggland`s BestStablecoins

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

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