PRESS RELEASE. EverRise, the DeFi project that introduced the concept of cryptocurrency redemptions, will go live with an enhanced version 2 contract on Monday, November 29 at 11:00 p.m. UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks via PancakeSwap, UniSwap, and QuickSwap, respectively, with provisioning on all three blockchains and balanced initial cash pools.
This is the first time that a token has been launched on three channels at the same time and marks the first time that the RISE token will be available on Polygon. The token was previously available on Binance Smart Chain and Ethereum.
The enhanced contract features several notable innovations and changes. Larry of Certik.io noted in an update from 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 important novelty is the introduction of staking, replacing reflections and allowing the transaction tax to be reduced from 11% to 6%. Holders who choose to wager their tokens have the option of choosing between one and twelve month wagering pools. The rewards pool is fueled by an all-new automated redemption. Instead of sending tokens to the burn address, the enhanced automated redemption 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 at just under 72 billion tokens (71,618,033,988).
With the launch of v2.0, the EverRise ecosystem of decentralized applications (dApps) will be available to developers across all three chains to provide security and assurance to project developers and investors. EverRise currently offers EverOwn, a smart contract locker, and EverBridge, a cross-blockchain bridge capable of blocking speed transfers, to developers. EverSale, EverLock, EverWallet and EverSwap are currently planned and in development.
EverRise has developed two new dApps, EverMigrate and EverStake, to accompany the upgraded contract. EverMigrate helps streamline the token migration process and EverStake allows holders to stake their new tokens. EverMigrate will be made available to other projects looking to move to a new smart contract in the future.
Along with the new dApps on the horizon, EverRise is eager to bring its token and ecosystem of dApps to more blockchains in the future. They are committed to providing security and safety to the entire DeFi space.
EverRise is a blockchain technology company focused on increasing the accessibility of decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers with the tools to access the widest possible market with the maximum level of security. They are working on mass adoption of security protocols across the Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more to come.
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