EverRise 1.0 marked a groundbreaking milestone in the world of cryptocurrencies by introducing the original buyback mechanism, which swiftly gained traction and inspired countless projects to incorporate similar features in their tokenomics. This innovation truly revolutionized the DeFi (Decentralized Finance) space and left an indelible mark on the industry.
Building on the success of their first iteration, EverRise 2.0 now sets a new standard for DeFi tokenomics with its upgraded Buyback and burn system. This latest version is designed to enhance the benefits for token holders and the community alike.
Unlike traditional burns from non-circulating supply, EverRise 2.0’s buyback function provides immediate value to token holders and the community by actively purchasing tokens from the open market and subsequently burning them. This strategy ensures that the benefits of the buyback are promptly distributed and contribute to the overall health of the ecosystem.
The Buyback function operates through the EverRise 2.0 smart contract, which efficiently exchanges liquidity from transactions for RISE2.0 tokens in the primary liquidity pool. These acquired tokens are then automatically sent to a burn wallet, effectively increasing the value of the liquidity pool and permanently constricting the token’s supply. This deliberate token burning mechanism generates scarcity, contributing to the Hyper-Deflationary nature of EverRise 2.0.
Every time there is a transaction where tokens are being traded, 1% of both buy and sell transactions will be used to buy tokens, which are then promptly sent to a burn address. This creates a true supply constriction, making EverRise 2.0 truly Hyper-Deflationary. As a result, the token becomes increasingly scarce over time, driving the potential for increased value appreciation and aligning the interests of token holders and the community towards sustainable growth.
As an added incentive, EverRise 2.0 token holders also reap significant rewards through a 1% static reflection from every transaction. This means that for every buy or sell transaction, 1% of the tokens involved is redistributed proportionally among existing holders. This unique feature encourages long-term holding and fosters a sense of community ownership.
With EverRise 2.0 at the forefront of DeFi tokenomics innovation, the project continues to pave the way for a more sustainable, efficient, and rewarding decentralized financial ecosystem. Its commitment to value creation, token holder benefits, and supply constriction sets a compelling example for the wider cryptocurrency landscape, ensuring that EverRise remains a prominent force in shaping the future of DeFi.
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