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Wrapped Everscale

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Discover Wrapped 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 Wrapped Everscale?

Wrapped Everscale (WEVER) is a wrapped version of the EVER token on the Everscale blockchain. It is an ERC-20 token that allows for seamless trading across different blockchains, particularly with Ethereum and Binance tokens. WEVER closely mirrors the price of the original EVER token, enabling investors to trade with ease. Everscale is a scalable decentralized world computer with a distributed operating system, capable of processing millions of transactions per second, and is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.

How is Wrapped Everscale used?

Wrapped Everscale (WEVER) is a token that allows the native Everscale token, EVER, to be used in a TIP-3.1 compliant format. This enables EVER to be utilized in various applications and platforms that require TIP-3.1 compatibility. WEVER functions similarly to Wrapped Ether, with minting and burning taking place on the Everscale network. Users can mint WEVER by locking EVER in the Vault contract and burn WEVER to receive EVER.

WEVER can be exchanged for EVER on platforms like Changelly, which offers a secure and fast exchange process with competitive rates. The exchange process involves selecting the exchange pair, entering the wallet address, completing the payment, and checking the wallet for the newly acquired coin.

Additionally, WEVER can be transferred from the Ethereum network to the Everscale network using the Octus Bridge. This process involves connecting Metamask and EVER Wallet to the Octus Bridge app, selecting the networks, and confirming the transaction.

The Ever Wallet supports WEVER, allowing users to send, receive, store, and exchange digital assets on the Everscale blockchain. It also integrates with various services such as FlatQube, Octus Bridge, and NFT trading platforms.

How do I store Wrapped Everscale?

To store Wrapped Everscale (WEVER) tokens, you can use the Ever Wallet. Here are the steps to follow:

  1. Download and Install Ever Wallet:

    • Ever Wallet is available as a browser extension and on Android and iOS devices.
    • Download and install the wallet from the official sources.
  2. Create or Restore a Wallet:

    • If you already have a wallet, log in using your seed phrase and password.
    • If you're creating a new wallet, follow the on-screen instructions to set it up.
  3. Add Wrapped Everscale (WEVER) Tokens:

  • Open the Ever Wallet and click on the "Select Assets" button on the main application screen.
  • In the window that opens, set the switch for WEVER tokens to the active position.
  • Click "Save" to enable the display of WEVER tokens in your wallet.
  1. Receive WEVER Tokens:

    • Click "Receive" on the home page of the app.
    • Scan the QR code or click "Copy address" to share your wallet address with the sender.
  2. Manage Your Tokens:

    • You can view your balance and recent transactions on the main screen.
    • To send WEVER tokens, click "Send" and fill in the required details, including the recipient's address and amount.

By following these steps, you can securely store and manage your Wrapped Everscale (WEVER) tokens using the Ever Wallet.

How to buy Wrapped Everscale?

To buy Wrapped Everscale (WEVER) tokens, follow these steps:

  1. Choose a Base Currency: Select a base currency, such as USDT, which you will use to trade WEVER and other coins.
  2. Sign Up on a Trading Platform: Register on a trading platform like Bitget, where you can buy USDT or WEVER tokens. This will allow you to start trading and potentially participate in copy trading.
  3. Exchange for WEVER: Use your base currency to exchange for WEVER tokens. Platforms like Changelly offer exchange pairs for Wrapped Everscale, allowing you to exchange WEVER for other tokens like Everscale (EVER).

By following these steps, you can successfully purchase Wrapped Everscale tokens.

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History of Wrapped Everscale

Wrapped Everscale (WEVER) is a wrapped version of the EVER token on the Everscale blockchain. Everscale is a blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. It is based on the EVER OS platform, which claims to be capable of processing millions of transactions per second with Turing-complete smart contracts and decentralized user interfaces.

Everscale presents several unique properties, including dynamic multithreading, soft majority consensus, and distributed programming, making it scalable, fast, and secure. It is governed by a decentralized community founded upon meritocratic principles via the Soft Majority Voting protocol. The platform has developer tools such as compilers for Solidity and C++, SDK and API, client libraries ported to over 20 languages and platforms, and a range of decentralized browsers and wallets, empowering various applications in DeFi, NFT, tokenization, and governance domains.

Wrapped Everscale (WEVER) allows users to easily transfer and store the value of Everscale on other blockchain networks, such as Ethereum, Binance Smart Chain, and more. This token provides liquidity and accessibility to the Everscale ecosystem, making it easier for users to interact with the Everscale network across different blockchain platforms. The WEVER token is backed by the value of Everscale, ensuring its stability and security for users who wish to transact with Everscale assets on other blockchains.

The all-time high price of Wrapped Everscale was recorded on March 8, 2023, at $0.112, and its all-time low was recorded on October 21, 2023, at $0.064385. The current price is significantly lower than its all-time high, indicating a decline in value over time.

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How Wrapped Everscale works

Wrapped Everscale (WEVER) is a token that allows users to utilize the Everscale native EVER token in a TIP3 compatible format. This compatibility enables seamless interactions with various decentralized applications (dApps) and platforms built on the Everscale blockchain. Here's how it works:

Minting and Burning

WEVER tokens are minted by locking EVER tokens in a Vault contract on the Everscale network. This process effectively wraps the EVER tokens, making them compatible with TIP3 standards. Conversely, WEVER tokens can be burned to receive the original EVER tokens back. This flexibility allows users to switch between the native EVER token and the wrapped WEVER token as needed.

Functionality

Wrapped Everscale tokens can be used in various ways, including:

  • Storage and Management: The Ever Wallet supports WEVER tokens, allowing users to store, send, and receive them. The wallet also plans to add support for a wide range of digital coins and NFT tokens in the future.
  • Exchange: WEVER tokens can be exchanged for EVER tokens on platforms like Changelly, which offers competitive rates and low fees. The exchange process involves selecting the exchange pair, choosing a rate, entering a wallet address, making the payment, and checking the wallet for the newly acquired tokens.
  • Trading: WEVER tokens can be traded on platforms like Changelly PRO, a custodial platform for secure and transparent trading.
Key Features
  • Scalability: Everscale, the blockchain behind WEVER, is designed to be highly scalable, capable of processing millions of transactions per second. This is achieved through dynamic multithreading, soft majority consensus, and distributed programming.
  • Security: The Everscale network is built with security in mind, ensuring that transactions are fast, secure, and reliable.

In summary, Wrapped Everscale (WEVER) is a token that enhances the usability of the Everscale native EVER token by making it compatible with TIP3 standards. It offers flexibility in storage, exchange, and trading, leveraging the scalability and security features of the Everscale blockchain.

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Wrapped Everscale's strengths

Wrapped Everscale (WEVER) has several strengths that make it an attractive investment opportunity:

  1. Scalability: Everscale, the blockchain network behind WEVER, is designed to be highly scalable, capable of processing millions of transactions per second. This scalability is achieved through dynamic multithreading and sharding technology, allowing it to handle high loads without compromising performance.

  2. Security: Everscale incorporates advanced security features, including a soft majority consensus protocol, which ensures the network remains secure and decentralized.

  3. Flexibility: WEVER is a wrapped version of the EVER token, allowing users to easily transfer and use their assets across different blockchain networks. This flexibility is further enhanced by the Octus Bridge, which connects Everscale to nine other blockchains.

  1. DeFi Opportunities: WEVER enables users to participate in various DeFi activities, such as staking, yield farming, and governance, without losing control over their tokens. The stEVER token, in particular, allows for liquid staking, which provides more autonomy and flexibility for users.

  2. Strong Technical Analysis: Wrapped Everscale has a strong short-term technical ranking, indicating that it has a superior recent technical analysis compared to 75% of other tokens. This makes it an attractive option for investors focused on shorter-term investment strategies.

These strengths position Wrapped Everscale as a versatile and secure investment option with a wide range of use cases and opportunities for growth.

Wrapped Everscale's risks

Wrapped Everscale (WEVER) carries several financial risks. These include:

  • Counterparty Risks: The entities involved in the transaction, such as the issuer, custodian, or reserve manager, may fail to fulfill their obligations, putting the assets at risk.
  • Centralization Concerns: Wrapped tokens are often issued by a single central authority, which can lead to centralization and potential risks such as single points of failure, censorship, or mismanagement.
  • Regulatory Risks: New laws or regulations may restrict or prohibit wrapped tokens, impacting their issuance, trading, or redemption.
  • Technical Risks: Smart contract bugs, hacking attempts, network congestion, or other technical issues can affect the wrapped tokens or the blockchains they trade on.
  • Volatility: The value of WEVER can drop quickly due to market volatility, and investors should be prepared to lose all their investment.
  • Liquidity Risks: There is no guarantee that investments in WEVER can be easily sold at any given time, and operational failings can cause delays.

These risks highlight the importance of thorough research and caution before investing in Wrapped Everscale (WEVER).

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Did Wrapped Everscale raise funds?

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Wrapped Everscale's ecosystem

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Wrapped Everscale’s team

  • Dave Pulis: CEO and one of the founding members of Everscale.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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