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EverRise

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is EverRise?

EverRise (RISE) is a multi-chain cryptocurrency token that powers the EverRise decentralized application (dApp) ecosystem. It is a hyper-deflationary token designed to maintain steady rewards using its automated buyback mechanism, which helps stabilize the token price and reduce market volatility. The token is available on multiple blockchains, including BNB Chain, Ethereum, Polygon, Fantom, and Avalanche, and serves as the utility token for cross-chain transactions and interactions within the EverRise ecosystem.

How is EverRise used?

EverRise (RISE) is a multi-chain utility token that powers the EverRise ecosystem, which comprises a suite of decentralized applications (dApps) focused on security and bridging solutions across various blockchains. The token is currently available on Ethereum, BNB Chain, Polygon, Avalanche, and Fantom networks.

To utilize the EverRise ecosystem, users must hold the RISE token. This token is essential for accessing the various dApps, such as EverOwn, EverBridge, EverSwap, EverMigrate, EverRevoke, and the NFT Staking Lab. These dApps provide multi-chain security solutions for both projects and individuals in the decentralized finance (DeFi) space. For instance, EverBridge allows for cross-chain token transfers, while EverOwn enables projects to lock their smart contracts under a DAO-like governance system, ensuring transparency and community control.

The RISE token also plays a crucial role in the tokenomic model of EverRise. Each time the token is bought, sold, or transferred, a tax is levied, which is then used to fuel the buyback protocol. This protocol promotes native coin liquidity and rewards long-term stakers with RISE tokens, thereby incentivizing holders to participate in the ecosystem.

Overall, the RISE token is the key to unlocking the benefits and features of the EverRise ecosystem, which aims to increase accessibility and security in DeFi.

How do I store EverRise?

To store EverRise (RISE) tokens, you can use a variety of methods:

  1. Trust Wallet: Trust Wallet is a self-custodial wallet that allows users to store and manage millions of crypto assets, including NFTs. It is a popular choice for storing RISE tokens and is compatible with multiple blockchains, including BNB Chain, Ethereum, Polygon, Fantom, and Avalanche.

  2. MetaMask: MetaMask is another popular wallet option that supports RISE tokens. It can be used to store and manage your tokens, and it is also compatible with multiple blockchains.

  3. Safepal Wallet: Safepal Wallet is another option that can be used to store RISE tokens. It is free and easy to use, making it a convenient choice for managing your tokens.

  1. Exchanges: You can also store your RISE tokens on exchanges like KuCoin, which provides convenient access to investment products and features.

  2. EverRise’s NFT Staking Lab: If you plan to stake your RISE tokens, you can use EverRise’s NFT Staking Lab, which allows you to earn rewards and manage your staking contracts securely within your DeFi wallet.

Regardless of the method you choose, it is essential to ensure that you follow best practices for securing your wallet and protecting your tokens from potential vulnerabilities.

How to buy EverRise?

To buy EverRise (RISE) tokens, follow these steps:

  1. Choose a Reliable Centralized Exchange: Find a trusted exchange where RISE is listed. You can refer to Coinmarketcap.com's Markets section for a list of exchanges that support RISE.

  2. Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet, which supports the blockchain where RISE is available. Ensure you keep your seed phrase safe and note your wallet address.

  3. Buy Ethereum as Your Base Currency: If your chosen exchange does not support direct RISE purchases, buy Ethereum (ETH) as your base currency. You can do this on Binance or other exchanges.

  1. Transfer Ethereum to Your Wallet: Withdraw the purchased ETH from your exchange account to your crypto wallet, making sure to set the network to Ethereum.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet and RISE. For example, you can use 1inch if you have a Trust Wallet.

  3. Connect Your Wallet to the DEX: Use your wallet address to connect to the chosen DEX.

  1. Trade Your Ethereum for RISE: Select ETH as the payment and RISE as the coin you want to buy. If RISE does not appear, find its smart contract address on Etherscan and paste it into the DEX.

  2. Complete the Swap: Click the Swap button to finalize the transaction.

Remember to be cautious of scams and ensure you have the official smart contract address.

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History of EverRise

EverRise (RISE) is a multi-chain, collateralized cryptocurrency that powers the EverRise decentralized application (dApp) ecosystem. The project was launched on June 15, 2021, with the goal of increasing accessibility to decentralized finance (DeFi) by providing security solutions to the space.

The EverRise token is designed to be a utility token for cross-chain transactions and interactions within the EverRise ecosystem. It operates on five chains: BNB Chain, Ethereum, Polygon, Fantom, and Avalanche. The token is stabilized by an automatic buyback and staking protocol, which collects a 5% fee on each transaction and uses it to purchase RISE tokens off the market, supporting liquidity pools and reducing sell pressure.

The buyback function, known as "The Kraken," is coded to automatically purchase RISE tokens using native coins stored in the Buyback Reserves. The purchased tokens are then distributed to a high-yield staking reward pool, incentivizing holders to participate in the staking process.

EverRise has also developed a suite of decentralized applications (dApps) to provide multi-chain security solutions for projects and individuals in the DeFi space. These dApps include EverSwap for cross-chain swaps, EverBridge for bridging tokens, EverMigrate for one-click migration, and EverOwn for securing smart contracts under a DAO-like governance system.

The project aims to make DeFi more accessible and secure for both developers and users by providing tools to access the widest possible market with maximum security. EverRise has been working to expand its ecosystem to as many blockchains as possible, increasing adoption of safety protocols and making DeFi more accessible to all.

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How EverRise works

EverRise (RISE) is a multi-chain cryptocurrency token that powers the EverRise decentralized application (dApp) ecosystem. This ecosystem focuses on decentralized finance (DeFi) and provides security solutions for projects and individuals. Here's an overview of how EverRise works:

Tokenomics and Buyback Mechanism

EverRise operates on a tokenomic model where a tax is levied on each transaction (buy, sell, or transfer) of the RISE token. This tax is then used to fuel the buyback mechanism, which purchases RISE tokens from the market and distributes them to staking participants. The buyback mechanism is designed to promote liquidity and reward long-term holders who stake their tokens.

Staking and Rewards

Holders can stake their RISE tokens on various blockchains, including BNB Chain, Ethereum, Polygon, Fantom, and Avalanche. The staking process involves locking RISE tokens for a specified period, which generates vote-escrowed RISE (veRISE) tokens. These veRISE tokens represent the voting power of the staker and determine the rewards they receive from the buybacks. The longer the staking period, the more veRISE tokens are generated, and the greater the rewards.

Security Features

EverRise incorporates several security features to protect its ecosystem. These include:

  • Time-Locks: Tokens and NFTs can be locked for a specified duration, preventing early access.
  • Bound Permit Approvals: Spending permits can be included with swap actions to limit approvals.
  • Mass Revoke Operator Approvals: Holders can revoke all spending and operator approvals in case of a security breach.
  • Auto-Timeout: Token approvals can be revoked automatically based on set schedules.
dApps and Ecosystem

The EverRise ecosystem comprises several dApps, including:

  • EverOwn: A locker that holds smart contracts, allowing holders to vote on changes.
  • EverBridge: A bridge that enables cross-chain transfers without transaction fees.
  • EverSwap: A decentralized exchange that allows for secure swaps.
  • EverMigrate: A tool for migrating tokens between different blockchain versions.
  • NFT Staking Lab: A platform for staking RISE tokens and earning NFT rewards.
Availability and Trading

RISE tokens are available on multiple blockchains and can be traded on various exchanges, including EverSwap, PancakeSwap, UniSwap, QuickSwap, TraderJoe, and SpookySwap.

In summary, EverRise is a multi-chain cryptocurrency that operates on a tokenomic model with a buyback mechanism, staking rewards, and a suite of security-focused dApps. Its ecosystem is designed to promote liquidity, security, and long-term sustainability in the DeFi space.

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EverRise's strengths

The token EverRise (RISE) has several strengths that contribute to its value and functionality within the EverRise ecosystem:

  1. Multi-Chain Availability: RISE is available on multiple blockchains, including BNB Chain, Ethereum, Polygon, Fantom, and Avalanche, making it a versatile and accessible token.

  2. Automatic Buyback and Staking Protocol: The token's buyback function, known as "The Kraken," automatically purchases RISE tokens from the market using native coins stored in the Buyback Reserves. These purchased tokens are then distributed to a high-yield staking reward pool, incentivizing holders to maintain their tokens and supporting the liquidity pool on each chain.

  3. Security Features: EverRise offers various security features, such as Time-Locks, Bound Permit Approvals, and the ability to Mass Revoke Operator Approvals, which enhance the safety and control of token holders.

  1. Governance and Utility: RISE serves as both the governance and utility token for the EverRise ecosystem, allowing holders to participate in voting on future changes and new projects, while also facilitating cross-chain transactions and interactions within the ecosystem.

  2. Decentralized Applications (dApps): The EverRise ecosystem comprises a range of dApps, including EverRevoke, EverSwap, EverBridge, EverOwn, EverMigrate, EverLaunch, EverLock, EverWallet, and NFT Staking Lab, which provide multi-chain security solutions for developers and users.

  3. Fixed Supply: RISE has a fixed supply of approximately 72 billion tokens, which helps maintain a stable token economy and prevents inflation.

These strengths collectively contribute to the token's value and its role in securing and enhancing the EverRise ecosystem.

EverRise's risks

EverRise (RISE) is a cryptocurrency that carries several financial risks. The project's white paper explicitly disclaims any guarantees or legal responsibility for indirect, special, incidental, consequential, or other losses that may arise from the accuracy, reliability, relevance, or completeness of the material contained in the document.

One of the primary risks associated with EverRise is its high volatility. The cryptocurrency market is known for its price fluctuations, which can significantly impact the value of RISE tokens. Additionally, the project's buyback and burn protocol, while designed to add value to the liquidity pool, can also lead to price instability.

Another risk is the regulatory environment. EverRise tokens are not registered under relevant securities regulations, and their legal status may vary across jurisdictions. This lack of clear regulatory oversight can create uncertainty for investors.

InvestorsObserver analysis has given EverRise a high risk rating, indicating that the token is not suitable for risk-averse investors. The project's reliance on smart contracts and decentralized applications also introduces the risk of technical failures or security breaches, which can impact the token's value.

Lastly, the project's white paper emphasizes the importance of individual responsibility in understanding the risks associated with DeFi projects. Investors must be aware of the potential risks and take necessary precautions to mitigate them.

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EverRise's ecosystem

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EverRise’s team

  • Suresh Maddineni: CEO of EverRise, who was inspired by the WallStreetBets movement and is focused on building a multi-chain DeFi security platform across various blockchains.

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