Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains
PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one supply across the three blockchains and balanced initial liquidity pools.
This is the first time a token has launched on three chains at the same time and marks the first time the RISE token will be available on Polygon. The token was previously available on both the Binance Smart Chain and Ethereum.
The upgraded contract features several noteworthy innovations and changes. Larry from Certik.io noted in an update to the EverRise community, “The upgraded EverRise contract is a technological tour de force. The Certik team is impressed with the level of innovation and engineering.”
The most significant new feature is the introduction of staking, replacing reflections, and allowing the transaction tax to be reduced from 11% to 6%. Holders choosing to stake their tokens have the flexibility of choosing between one and twelve months staking pools. The reward pool is fed by a brand new automated buyback. Instead of sending tokens to the burn address, the upgraded automated buyback distributes the purchased tokens to the staking reward pool. Tokens will no longer be burned as the supply is now fixed and consolidated in a 10,000:1 ratio to just under 72 billion tokens (71,618,033,988).
With the v2.0 launch, the EverRise ecosystem of decentralized application (dApps) will be available to developers on all three chains to bring security and assurance to project developers and investors. EverRise currently offers EverOwn, a smart contract locker, and EverBridge, a cross blockchain bridge capable of block speed transfers, to developers. EverSale, EverLock, EverWallet, and EverSwap are currently planned and in development.
EverRise developed two new dApps, EverMigrate and EverStake, to go accompany the upgraded contract. EverMigrate helps to streamline the token migration process and EverStake allows holders to stake their new tokens. EverMigrate will be made available to other projects looking to transition to a new smart contract at a later date.
Besides the new dApps on the horizon, EverRise is looking forward to bringing both their token and ecosystem of dApps to more blockchains in the future. They are committed to bringing safety and security to the entire DeFi space.
EverRise is a blockchain 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 investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way.
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