EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions into the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers with the tools to access the broadest possible market with the maximum level of security.
In this article, we will discuss:
What is EverRise (RISE)?
EverRise is a hyper-deflationary token, which rewards investors for holding tokens, while also incorporating the buyback approach currently present in the stock market. EverRise is the first cryptocurrency to include automatic buyback.
If a particular stock is low in value but has the potential to perform better in the future, companies often announce a repurchase of the stock on the open market. Once companies announce the repurchase, investors gain more confidence to buy and hold the shares as well. Also, demand increases as the company starts buying the stock, which will ultimately cause the stock to go up. At EverRise, they chose to apply the concept of buying back the cryptocurrency and thus encouraging investors to keep the token.
How does EverRise (RISE) work?
EverRise is a hyper-deflationary token capable of holding steady rewards using its buy-back contract, named by the EverRise community as The Kraken. The company, like most staking pools, rewards users for holding tokens and adding liquidity to liquidity pools.
Buybacks can best be explained using the example of a stock that has a low market value but shows potential. When the native company announces a share buyback, it creates hype in the market and soars the share price, giving holders a chance to make a good profit. It creates a win-win situation for each entity.
EverRise is the first company in the cryptocurrency world to introduce the buyback mechanism with its RISE token. With the EverRise contract, a 6% fee on each transaction is charged to fund your buybacks. When RISE tokens are bought back on the open market, they are immediately burned. This mechanism helps to limit the supply of tokens and increase price and demand.
EverRise Ecosystem
EverOwn
EverOwn provides a security and decentralization solution for projects by locking smart contract and newly generated liquidity into the blockchain in a vault accessed with a weighted community vote. EverOwn offers a win-win scenario for projects and their communities, giving developers the flexibility to access the contract when needed and giving governance to communities, making the project decentralized.
This decentralization method provides:
- Security against liquidity drains/hacks/exploitations.
- Flexibility for developers to continue to improve their project.
- Governance so that investors actively participate in the project and know that the smart contract will not change without notice.
When a project sends its smart contract to the EverOwn vault, ownership of that contract is locked to EverOwn. The property can be re-accessed through a weighted vote of the project's investors. This allows developers to build trust with investors and have the flexibility to access the contract for further development if needed. On the other hand, when projects relinquish contract ownership to provide security, they sacrifice the longevity of that project, as the contract, if relinquished, cannot be re-evaluated at any point in the future.
EverOwn will allow the community to vote to return the contract to make adjustments. As a result, developers will gain 100% community trust without giving up contracts.
EverBridge
EverBridge integrates blockchains to allow individuals and projects to move freely between networks at block speed. Expand your project on Ethereum, Binance Smart Chain, Polygon, Avalanche and Fantom networks.
EverBridge makes it possible to bridge one token to many blockchains with the ability to share a consistent circulating supply across all chains and for tokens to be traded across multiple networks with a single supply. See how it works:
- New smart contracts are created on each network to mint a corresponding supply on each blockchain.
- The new supplies are locked in the bridge vault.
- When the tokens are bridged, the tokens are locked in the bridge vault on that side of the bridge (source blockchain) and a corresponding amount of tokens are unlocked from the bridge vault on the other side of the bridge (destination blockchain).
EverRise (RISE) is the first token to be launched on three interconnected blockchains simultaneously (Ethereum, BSC and Polygon) with balanced liquidity pools and a circulating supply. After launch, other tokens will be able to follow EverRise's path and launch on multiple blockchains at the same time.
Endless Possibilities with EverBridge
EverBridge takes the guesswork out of cross-chaining for project developers and investors.
- Extremely fast – Transfer tokens between blockchains at block speed with average transfer speeds of 15 seconds when blockchains are operating optimally (not congested).
- Highly Secure – Instead of minting and burning, EverBridge utilizes a blockchain vault (EverVault) with a lock and unlock mechanism.
- Arbitrage Creator – Tokens that use EverBridge for cross-chains have the advantage of generating extra volume due to arbitrage opportunities.
- Scalable – EverBridge is designed to scale to all major blockchains, adding more options to projects looking to cross-chain.
EverSwap
EverSwap lowers the barrier to entry for those interested in the multi-chain DeFi space, making the cross-chain experience accessible and seamless with fewer steps, less fees, and faster transfers.
EverSwap native currency exchange
EverSwap's Native Coin Swap provides a fast and efficient way for anyone to participate in multiple blockchain ecosystems while remaining all DeFi. This utility will help make multi-chain DeFi more accessible to everyone by lowering the barriers of entry. Instead of withdrawing to centralized exchanges and performing multiple transactions to convert between currencies, users can switch between ETH (ERC-20), BNB (BEP-20) and MATIC (Polygon) in one easy step at block speed.
EverSwap RISE Exchange
You can now exchange RISE tokens on any available chain using EverSwap. Simply connect your wallet to the network you want to transact on and it will choose the correct exchange automatically. EverSwap works on top of PancakeSwap, UniSwap and QuickSwap to interact directly with liquidity pools on your behalf without having to go to the correct website and choose the correct slippage. You can do it all on the dApp website and it's done for you.
EverWallet
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 your phone or laptop is lost or stolen, you and only you will have access to your tokens and without the added worries that come with losing your hardware wallet or having to carry it with you wherever you go.
EverStake
EverStake is EverRise's staking platform that allows RISE holders on all blockchains where RISE is available to stake their tokens. Stake RISE to earn rewards from buybacks even when the lockout period ends and unlock flexibly. RISE holders have the option to stake their stakes to earn a share of tokens acquired through the autobuy protocol.
Tokens purchased by automatic rebuy will be instantly distributed among all interested parties. Bet your tokens in one-month increments between 1 and 12 months and earn rewards proportional to the amount of tokens wagered, weighted by the time you wagered your tokens. Keep your tokens wagered once the time period is unlocked and keep earning tokens indefinitely at the same rate. Withdraw the tokens earned by betting at any time or leave them wagered and enjoy compounded rewards. Flexibly unlock up to 60% of your staked tokens (subject to a withdrawal fee).
EverMigrate
EverMigrate is the migration solution for projects looking to upgrade their contracts, providing a secure platform where investors can exchange their old tokens for the new upgraded ones in a single transparent transaction.
EverMigrate is a platform that involves exchanging old tokens for new ones in one transaction; all automatic, all DeFi. Whether it's a protocol upgrade, merger/acquisition, supply consolidation, or moving from a waived smart contract to a new one, EverMigrate takes the guesswork out of it.
EverMigrate is designed to be secure and frictionless. The process is encapsulated in a single transaction to provide transparency. Old tokens in, new tokens out at a fixed specified conversion rate. There are no manual calculations or airdrops required, and involving the entire process in one transaction means less gas expenditure.
EverSale
EverSale is a launchpad to facilitate pre-sales. No tokens are collected from the project because no project should fear a big sale once the momentum starts.
Seamless integration with the entire EverRise ecosystem of dApps helps keep costs down and offers greater potential. Utilizing the technology behind EverBridge and EverMigrate, EverSale allows projects to immediately offer their token across multiple blockchain platforms efficiently and securely.
EverLock
EverLock is an initial liquidity vault that leverages the power of community voting to maintain project flexibility and offers greater community protection than a simple time-based vault.
Project developers will have the flexibility to set an initial time lock. When that time is up, and when a project needs access to initial liquidity, for example when projects were moved from PancakeSwap v1 to v2, or to list on a new centralized exchange, the community can vote to unlock it. An EverLock MVP is currently available with EverOwn.
Rise Token
The EverRise token (RISE) is a multi-chain secured cryptocurrency that serves as a utility token for cross-chain transfers and protects the ecosystem and holders with its innovative buy-back and staking protocol.
The RISE token lives on five blockchains with a circulating supply, connected to EverBridge, enabling cross-chain transfers at block speed thanks to its innovative lock and unlock mechanism. Currently available on Ethereum, BSC, Polygon, Avalanche and Fantom networks.
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 RISE token is designed to defy the volatility of cryptocurrencies, ensuring that the token price remains stable even during a market downturn. Once the EverRise contract has collected the equivalent of 50 billion RISE, it converts the RISE into BNB tokens and stores them back in the contract itself. During market dips or market manipulation, Kraken, financed by the BNB stored in the contract, can be deployed to stabilize the floor price as well as reduce the circulating supply of RISE.
What is the Price Forecast for the EverRise (RISE) cryptocurrency?
The price of EverRise is expected to peak at $0.00263 throughout 2022.
As early as 2023 according to our crypto price prediction index, in 2023 EverRise (RISE) could reach a maximum level of $0.00507, with the average trading price of $0.00377.
In 2025 according to our crypto price prediction index, RISE is expected to cross an average price level of $0.00611. The minimum expected price of EverRise at the end of the current year should be $0.00564. Furthermore, RISE can reach a maximum price level of $0.00622.
Where to buy RISE token?
RISE can be purchased on several major cryptocurrency exchanges, some of the biggest are:
- BingX
- MEXC
- lbank
- PancakeSwap (V2)
Conclusion
The EverRise Ecosystem bridges the gap for project developers by providing them with the tools they need to adapt to the changing space so they can continue to focus on building long-term success for their projects.
DeFi is the future of finance with new ideas being developed every day. EverRise is a pioneer in new security protocols and tools for project developers and DeFi holders. With a unique ecosystem and product offerings, they are empowering other developers to power the entire space, bringing security and protection to the forefront of DeFi.
