| CREATION DATE: | 6/15/2021 |
| DEVELOPMENT STAGE: | Token fully launched |
| CURRENT SUPPLY: | 778,777,520,891,782 (77.88%) |
| TOTAL SUPPLY: | 1,000,000,000,000,000 |
| ALGORITHM: | BSC |
| PROOF TYPE: | BSC combines both delegated PoS and proof-of-authority (PoA) to achieve network consensus and maintain blockchain security |
| TARGET SPACING: | n/a |
EverRise ($RISE) is a hyper-deflationary token that rewards its holders through static rewards and automatic burns from within the liquidity pool. With the BuyBack system, EverRise collects a 6% buyback tax on each transaction that is stored inside the contract. So whenever a sale occurs, a fraction of the buyback amount is used to automatically purchase tokens from the liquidity pool and then burn them.
This feature lets the value of the token go up as the amount of the tokens decreases. The tokens that are collected from the BuyBack tax are converted into BNB and are stored in the company’s contract called “The Kraken”. Its strategic reserves are deployed at specific moments to create a stable price floor during downward market trends or any chart manipulations. Moreover, the company plans to build dApps that will bring more use cases for the EverRise token.
EverRise token is now integrated with the CoinPayments platform, so our merchants can store, sell, and receive $RISE.
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