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Price (USD)
$0.00006178Circulating Supply
$71.5319BVolume (24h)
$265.00Market Cap
$4.4071MLow/High 24h
$0.00006126 - $0.00006392Change (24h)
$0.0000005There are many crypto solutions on the market that offer services facilitation within DeFi. One of these is EverRise. In essence, EverRise is a Web3 technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides users and developers the tools to access the widest possible market with the maximum level of security. Let’s take a closer look at RISE crypto and its main characteristics to analyze its perspectives.
EverRise is a hyper-deflationary token that pays out rewards to holders through automatic burns from the liquidity pool and static rewards. EverRise charges a repurchase tax via the repurchase mechanism on each transaction that is kept inside the contract. A portion of the BuyBack value is utilized to automatically buy tokens from the liquidity pool and burn them if a sale takes place.
This feature enables the token's value to increase as the total number of tokens falls. The company's ‘The Kraken’ contract is where the tokens obtained from the BuyBack tax are placed after being converted into BNB. It uses its strategic reserves at key times to establish a steady price floor during market downturns or any chart manipulations.
EverRise launched in June 2021 with the mission of creating a safer and more transparent space in DeFi. EverRise released version 2.0 in December 2021 to expand the ecosystem's support for additional blockchains. The RISE utility token, which is traded on the Ethereum, BNB Chain, Avalanche, Polygon, and Fantom networks, powers the ecosystem. Additionally, access to the dApp ecosystem requires possession of the RISE token. There is a total circulating supply of around 72 billion RISE tokens.
The native cryptocurrency has a number of unique features:
The token has an interesting transaction fee of 11% on all purchases, sales, and transfers that help ensure the project’s longevity and development. 2% of each transaction fee is redistributed within the ecosystem to token holders to encourage ownership. 3% of each transaction is used as a marketing fee to ensure EverRise reaches the ears of potential users. 6% of the transaction fee is reserved for the strategic buyback fund which ensures token price stability and for buying back and burning tokens.
The EverRise ecosystem is made up of several main services, and 8 unique dApps:
The platform offers its own crypto wallet. EverWallet is a companion wallet to MetaMask, Trust Wallet, and other decentralized wallets, providing security enhancements to protect your internal assets by storing your tokens in a secure vault that resides directly on the blockchain. EverWallet will ensure that even if a user’s phone or laptop is lost or stolen, only they will have access to their tokens.
The EverRise Ecosystem fills the gap for project developers by giving them the resources they need to adjust to the shifting landscape so they can keep concentrating on creating initiatives with long-term success.
DeFi is the financial industry of the future, and new concepts are being created daily. For project developers and DeFi holders, EverRise has been a pioneer in developing new security protocols and solutions. They are enabling other developers to power the entire area with their own ecosystem and product offerings, elevating security and protection to the foreground of DeFi. With solid features like staking, EverRise makes it easier for users to control their funds and increase their investments. Like every cryptocurrency, EverRise is volatile, however, it can become part of a crypto portfolio for an investor that’s not afraid to take risks. As always, it’s recommended to do your own research.
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