$EGX is an ERC3643 compliant security token, representing the equity of Enegra Group Ltd (e. ownership of the company).
19 Jun 2023, 07:53
$EGX is an ERC3643 compliant security token, representing the equity of Enegra Group Ltd (e.g. ownership of the company). Enegra has tokenised 100% of the equity of the company, and $EGX token holders have all the rights of a shareholder, including dividends and voting.
The value of $EGX has increased from USD 50.00 when it was first offered in a private placement in 2020, to USD 150.00 when it was first listed on a centralised exchange (CEX) in December 2021, to a trading price across four CEX today of around USD 193.00.
The trading price of $EGX is at a large discount to the book value of the token per the company’s latest audited accounts, and is expected to continue rising over the next few years Enegra monetises its balance sheet and completes items on the EGX roadmap. This includes the Liquefy dApp, which allows $EGX token holders to “liquefy” their $EGX into qEGX, which is a standard ERC20 token that can be used in the complete DeFi ecosystem without KYC/AML, etc.
Enegra will also release a staking dApp in Q3, which allows $EGX token holders to earn a return simply by holding their tokens.