Articles on: EGX

What are the benefits of holding EGX?

EGX is an ERC-3643 compliant security token, representing the equity of Enegra (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.

Control of Enegra

EGX token-holders have the right to vote at the Annual General Meeting (AGM) and any Extraordinary General Meeting (EGM) of Enegra Group Ltd, on any matters that require a shareholder decision under the company's articles of association.

Potential Capital Gain

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 multiple CEX today of around USD 196.00.

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 as Enegra monetises its balance sheet and completes items on the EGX roadmap. This includes the Liquefy dApp from the Token Liquidity Foundation, which allows EGX token holders to “liquefy” their EGX into qEGX, which is a standard ERC-20 token that can be used in the complete decentralised finance (DeFi) ecosystem without need for any KYC/AML, etc.

Potential Cashflow

When the Enegra board of directors declares a dividend, it will be paid out in Tether (USDT) or another stablecoin, to the wallet of each EGX token-holder. This dividend payment is in addition to any staking reward that may be earned.

Enegra will also release a staking dApp in Q3 of 2023, which allows EGX token-holders to earn a return simply by holding their tokens.

Updated on: 23/08/2023

Was this article helpful?

Share your feedback


Thank you!