Bitcoin News and Finance
Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains Skip to main content

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.

About EverRise

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.

Website | Twitter | Telegram | Discord | Reddit | Facebook | Instagram | YouTube

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory