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Discover Everscale's fundamentals and latest news.

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 Everscale?

Everscale (EVER) is a fifth-generation, scalable, smart contract-based blockchain that can process over 100,000 transactions per second with low gas costs. It features dynamic sharding and multithreading, ensuring seamless interoperability with Ethereum’s EVM networks. The platform supports decentralized applications, including DeFi, NFTs, and GameFi, and is governed by a decentralized community via the Soft Majority Voting protocol. The EVER token serves as a governance and fee token, with a total supply of 2,049,945,261 EVER.

How is Everscale used?

Everscale (EVER) is the native token of the Everscale blockchain, a fast, secure, and scalable layer-one blockchain. The EVER token is utilized for several key purposes:

  • Staking: Users can stake their EVER tokens to participate in the validation process and earn rewards.
  • Yield Farming and Liquidity Provision: EVER tokens are used in decentralized finance (DeFi) protocols to generate yield and provide liquidity.
  • Governance and Voting: Token holders can participate in governance by voting on proposals in the community DAO.
  • Transaction Fees: EVER tokens are used to pay for various transactions, such as token swaps and bridging tokens.
  • Payments in Decentralized Applications: EVER tokens can be used as a form of payment within decentralized applications built on the Everscale network.
  • Referral Treasury: A portion of the token supply is allocated to fund partnerships and adoption initiatives.
  • Developer Treasury: Tokens are reserved to reward community developers who contribute to the Everscale ecosystem.
  • Validator Treasury: Tokens are allocated to bootstrap validator adoption and ensure network security.

How do I store Everscale?

To store Everscale (EVER) tokens, you have several options:

  1. Create a Wallet:

    • You can store EVER tokens in a wallet specifically designed for Everscale. This wallet is where you will manage your EVER tokens while interacting with the Everscale network.
  2. Popular Wallet Options:

    • MetaMask, Trust Wallet, and Ledger Nano S are popular choices for storing EVER tokens.
  3. KuCoin Account:

  • You can also store your EVER tokens in your KuCoin account, which provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, ensuring security and convenience.
  1. Non-Custodial Wallets:

    • For enhanced security, you can withdraw your EVER tokens to a non-custodial wallet, granting you complete control over your private keys. This option includes hardware wallets, Web3 wallets, or paper wallets.
  2. Ever Wallet:

    • The Ever Wallet, developed by the Broxus team, is a popular choice for interacting with Everscale-based products. It allows you to send, receive, store, and exchange digital assets on the Everscale blockchain. The wallet is available on Android, iOS, and web platforms.

Each option has its pros and cons, so it's essential to consider your specific needs and preferences when choosing how to store your Everscale (EVER) tokens.

How to buy Everscale?

To buy Everscale (EVER) tokens, follow these steps:

  1. Create an account: Register on a cryptocurrency exchange that supports Everscale (EVER) trading. Popular exchanges include Coinbase, KuCoin, Huobi,, and Bitrue. You will need to provide identification documents for verification.

  2. Choose a payment method: Select a payment method to fund your exchange account. Common options include:

    • Credit or debit card
    • Bank deposit via SWIFT
    • Peer-to-peer (P2P) trading
    • Third-party payment services.
  3. Fund your account: Deposit funds into your exchange account using your chosen method. Ensure the exchange supports both fiat and cryptocurrency transactions.

  1. Purchase EVER: Use your funded account to buy Everscale (EVER) tokens. You can buy a fraction of an EVER if needed. The process may vary depending on the exchange, but common order types include market orders, stop orders, and limit orders.

  2. Store or use your EVER: Once purchased, you can store your EVER tokens in your exchange wallet or transfer them to a personal cryptocurrency wallet like Metamask, Trust Wallet, or Ever Wallet. You can also trade, stake, or use your EVER tokens for other purposes.

Remember to check the exchange's fees, KYC requirements, and any local tax regulations before making a purchase.

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History of Everscale

The history of Everscale (EVER) is rooted in the development of the Telegram Open Network (TON), founded by brothers Pavel and Nikolai Durov in 2018. Initially, TON was intended to be a decentralized, peer-to-peer blockchain, but it faced legal issues with the U.S. Securities and Exchange Commission (SEC) regarding the secondary sales of its proposed token, GRAM. As a result, Telegram shut down the project, but it made the codebase open-source, allowing the Everscale community to take over development efforts.

On May 7, 2020, a group of professional validators and developers, including the EverX team, launched Everscale, building upon the TON technology. The community-driven project aimed to create a scalable, fast, and secure blockchain platform. Over time, Everscale has evolved through several phases, including the implementation of decentralized messaging, the integration of the Threaded Virtual Machine (TVM), and the development of programmable economies on separate Workchains.

Everscale's history is marked by its technological advancements, such as dynamic sharding and multithreading, which enable it to handle high loads and increase node production. The platform has also developed a robust ecosystem, including decentralized applications (dApps) like exchanges, bridges, non-custodial wallets, and GameFi applications. Additionally, Everscale's native token, EVER, serves as a governance and fee token, allowing users to stake and earn rewards.

Today, Everscale continues to grow and expand its capabilities, solidifying its position as a technologically advanced blockchain platform with a strong focus on scalability, decentralization, and security.

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How Everscale works

Everscale (EVER) is a fast, secure, and scalable layer-one blockchain that can process up to millions of transactions per second. It operates on a sharded architecture known as workchains, which efficiently processes data and transactions. Here's a detailed overview of how it works:


The Everscale blockchain is divided into three main components:

  1. Masterchain: This is the central chain that records all transactions and ensures the integrity of the network.
  2. Workchains: These are separate chains that handle specific tasks and transactions. There are up to 232 workchains, each with its own format of account addresses, virtual machines, and transaction formats. More workchains are activated as the network load increases.
  3. Shardchains: These are smaller chains that handle a subset of accounts and transactions. Each shardchain is responsible for a specific part of the network and can handle a high volume of transactions. If an incorrect block needs to be replaced, a new block can be added to the shardchain without affecting the entire network.

Everscale's sharding mechanism is unique in that it allows for the creation of new workchains and shardchains as needed. This approach enables the network to scale efficiently and handle a high volume of transactions without compromising speed or security.

Transaction Finality

Everscale boasts sub-second transaction finality, meaning that transactions are settled virtually instantly. This is significantly faster than other blockchains like Bitcoin and Ethereum, which require users to wait minutes for their transfers to be processed.


The EVER token is the native token of the Everscale blockchain and is used for various purposes, including staking, yield farming, governance, transaction fees, and payments in decentralized applications. The token supply is fully released and in circulation, offering investment and farming opportunities.

Development and Community

Everscale has a strong developer community and provides a range of tools and resources for building decentralized applications (dApps). The network supports multiple programming languages and has a grants program for new developers and promising projects.

Use Cases

Everscale aims to become the backbone for high-load applications with real use cases, such as DeFi, NFTs, and GameFi. It also supports bridges, decentralized communication, sustainability, and self-sovereign identity, among other use cases.

Overall, Everscale's architecture and sharding mechanism make it a highly scalable and efficient blockchain, well-suited for a wide range of applications and use cases.

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Everscale's strengths

The Everscale (EVER) token has several strengths that make it a promising cryptocurrency:

  1. Scalability: Everscale is designed to be highly scalable, with the ability to process millions of transactions per second. This is achieved through its unique architecture of workchains and shardchains, which allows it to handle a high volume of transactions efficiently.

  2. High Throughput and Quick Transaction Finality: Everscale boasts sub-second transaction finality, making it incredibly user-friendly. This is particularly beneficial for use cases like DeFi and NFTs, where fast transactions are crucial.

  3. Variety of Use Cases: Everscale supports a wide range of use cases, including DeFi, NFTs, voting, bridges, decentralized communication, GameFi, sustainability, CBDCs, self-sovereign identity, decentralized domains, and metaverse applications. This versatility makes it an attractive platform for developers and users alike.

  1. Tokenomics: The EVER token is used for staking, yield farming, governance, transaction fees, and payments in decentralized applications. It also has a clear tokenomics structure, with a consistent supply rate and a predefined cap of five billion tokens.

  2. Utility: The EVER token is a utility token, meaning its value is derived from its practical roles within the Everscale ecosystem. This includes staking, governance, and facilitating transactions, which ensures its value is tied to the network's growth and adoption.

  3. Security: Everscale employs a Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient and less vulnerable to centralization compared to traditional Proof-of-Work (PoW) mechanisms.

  1. Developer Support: The Everscale ecosystem provides incentives for developers through the developer treasury, which allocates 10% of the token supply to support community developers building projects and contributing to the ecosystem.

These strengths position Everscale as a robust and scalable blockchain platform with a versatile token that supports a wide range of applications and use cases.

Everscale's risks

Everscale (EVER) is a cryptocurrency that carries several financial risks. These risks include:

  • Regulatory Issues: Changes in regulatory policies or laws can significantly impact the value of EVER. Governments and financial institutions may impose restrictions or bans on cryptocurrencies, affecting their market performance.

  • Market Volatility: Cryptocurrencies are known for their price fluctuations. EVER's value can drop or rise rapidly due to market sentiment, supply and demand, and other external factors. This volatility can result in significant losses for investors.

  • Technological Risks: As a blockchain-based project, Everscale is susceptible to technical issues, such as security breaches, network congestion, or scalability problems. These risks can compromise the integrity and functionality of the platform, leading to financial losses.

  • Risk of Manipulation: Everscale's risk score indicates that it is a relatively high-risk investment. This score is based on factors such as the amount of money required to shift its price and recent changes in volume and market capitalization. A high risk score implies that the coin is more susceptible to price manipulation.

  • Partnership and Collaboration Risks: While Everscale has partnerships with various companies and organizations, the success of these collaborations is not guaranteed. If these partnerships fail or do not yield the expected results, it can negatively impact the value of EVER.

Investors should carefully consider these risks and conduct thorough research before making any investment decisions in Everscale (EVER).

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Did Everscale raise funds?

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Everscale's ecosystem

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Everscale’s team

  • Blockchain Family: The core team behind the EverName domain system, which is a development company that contributes to Everscale by creating tools to optimize the user experience.

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