EverRise is establishing the new standard of DeFi tokenomics with its innovative Buyback and burn system and revolutionary use-cases.
EverRise is the first to introduce the original buyback mechanism in the cryptocurrency space. With over 1700 tokens now including a buyback function in their tokenomics, it is clear EverRise's innovations are already revolutionizing the DeFi space.
Unlike a burn from non-circulating supply, the buyback immediately transfers value to the token holders and the community by purchasing tokens from the open market to burn.
Buyback function of the EverRise smart contract exchanges liquidity from the reserve liquidity pool for RISE tokens in the main liquidity pool. These tokens are automatically sent to the burn wallet. This adds value to the liquidity pool of the RISE token, and permanently constricts supply.
So far tokens have been burnt, % of the circulating supply. As all of these tokens were on the market, being bought and sold, this creates a true supply constriction which makes EverRise Hyper-Deflationary.
EverRise token holders also benefit through a 2% static reflection reward from every transaction.
The Kraken is the biggest whale of all, and acts as a safety net for all EverRise holders.
The EverRise buyback function, also known as The Kraken, is funded by a 6% strategic buyback fee. The tokens collected from the fees are converted into BNB and securely locked and stored in the EverRise contract. These funds are known as the Kraken’s Strategic Reserves.
These reserves then become independent of the price of RISE. The Strategic Reserves ready to be deployed stand at BNB ($ Million USDT). The contract is coded so that the BNB in the Kraken’s Strategic Reserves cannot be withdrawn and can only be utilized for the purposes of buying back RISE coins from the open market and burning them.
When the buyback function is turned on, the contract automatically buys back and burns tokens after every sell transaction.
Once the RISE tokens are bought back, the new BNB amount is added to the liquidity pool ($ Million USDT of BNB) and the RISE tokens bought are immediately burned. % of the circulating supply has been burnt so far.
This creates a true burn and guarantees the price per token will increase every time the buyback is activated.
The Kraken is deployed strategically at specific moments to allow EverRise to maintain a stable price floor during downward market trends, chart manipulation, and whale dumps, securing the long-term success of the project.
On the EverRise Protocol, three distinct functions occur: buyback, burn, and rewards.
When the buyback function is turned on, tokens are bought back from the market, resulting in an immediate effect on the price.
The tokens bought through buyback are immediately burned. This creates a true burn, meaning real value is exchanged for the tokens that are sent to the burn wallet.
Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and they can watch their wallet grow in real-time.
Market buy-back and redistribute
Operations and Development
For buy-back from market and burn
Direct $RISE redistribution
Enhancements, operations and marketing
For buy-back from market and burn
The ecosystem is powered by $RISE. Some dApps need the users to hold $RISE in order to interact with them. EverRise token ($RISE) forms the cornerstone of the EverRise ecosystem.
EverOwn increases projects’ longevity by allowing renounced contract evolution with fixes and improvements through community voting. It also gives owners the ability to add a second owner to the contract.
EverWallet ensures that you and only you will have access to your tokens and without the additional concerns that arise from losing your hardware wallet, plus see accurate De-Fi prices.
EverSwap allows for investors to securely swap their tokens without ever having to remove them from the safety of EverWallet. Welcome to the future of De-Fi trading.
EverSale is a launchpad for any pre-sales powered by the EverRise Ecosystem. With EverSale, no tokens from the project will be collected as a fee ensuring projects are protected from presale dumps.
EverLock is an initial liquidity locker that provides developers with a way to empower their community by utilizing community based voting for unlocking initial liquidity after an initial time period.