EVER
No. 257Price
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- Coin Introduction
1. Project introduction
Everscale is a layer-1 PoS blockchain network of the 5th generation. It is a technologically advanced blockchain networks. Everscale incorporates all of the blockchain innovations and concepts of recent years. Everscale (EVER) is a fast and secure layer-one blockchain that can handle millions of transactions per second. Everscale is the equivalent of a virtual supercomputer, a similar function to other layer-one blockchains like Ethereum. It emerged from the creation of Telegram Open Network (TON), a decentralized ecosystem focused on instant messaging (Telegram), data storage, and other decentralized applications.Its versatility helps it to develop as a decentralized hub for lots of blockchains and resource-demanding applications such as GameFi, DeFi, micro-transactions, real-time bidding, etc.
2. Investment institution
Venom Ventures
3. Application and distribution
Token application:
The EVER token is the native token of the Everscale blockchain and is used for:
(1) Staking
(2) Yield farming and providing liquidity on DeFi protocols
(3) Governance and voting in the community DAO
(4) Transaction fees like token swaps and bridging tokens
(5) Payments in decentralized applications
Token distribution:
EVER is an inflationary token with a fixed supply rate. Each month, two million new EVER tokens are issued as validator rewards until EVER reaches a cap of five billion tokens.The initial token distribution of EVER tokens looked as follows:
(1) Referral treasury (85%): funds for partnerships and adoption initiatives.
(2) Developer treasury (10%): rewards for community developers building projects and contributing to the Everscale ecosystem.
(3) Validator treasury (5%): funds to bootstrap validator adoption and network security.
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