EGC is a utility token of the Egoras protocol to facilitate the stability of the EUSD. As a utility token, EGC is required for paying the inventory fees accrued on Loans that have been used to generate EUSD in the Egoras Protocol. Only EGC can pay these fees, and when paid the EGC is burned, removing it from the supply. This means that if the adoption and demand for EUSD and Egoras Credit system increases, there will be additional demand for EGC so users can pay the fees. It also means the supply will decrease as EGC is burned.Egoras is a decentralized organization built to enable anyone to get funding or sell any real-world asset easily.

Egoras Credit

EGC is a utility token of the Egoras protocol to facilitate the stability of the EUSD

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