The Foundation Of The EverRise Ecosystem: The RISE Token

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The deflationary properties of cryptocurrencies are one aspect that lures long-term and short-term investors alike. Unlike fiat currencies, cryptocurrencies are well equipped to handle inflation by introducing deflationary mechanisms such as buybacks and token burns in their underlying architecture. 

One of the best uses of the buyback protocol that the cryptocurrency ecosystem has seen so far is introduced by EverRise. EverRise is a proprietary hyper-deflationary token that incorporates the buyback protocol and offers automatic burns and static profits for every trade within its liquidity pool. 

EverRise Ecosystem

In simple terms, EverRise is a hyper-deflationary token capable of maintaining steady rewards using its buyback contract, named by the EverRise community as The Kraken. The company, like most staking pools, rewards users for holding tokens and adding liquidity to the liquidity pools. 

Buybacks can be best explained using the example of a stock that has low market value but shows potential. When the native company announces buyback of the stock, it creates hype in the market and shoots the stock price up giving the holders a chance to earn a good profit. It creates a win-win situation for every entity. 

EverRise is the first company in the crypto world to introduce the buyback mechanism with its RISE token.  With the EverRise contract, a 6% fee on every transaction is collected to fund their buybacks. When RISE tokens are bought back from the open market they are then immediately burned. This mechanism helps to limit the token supply and increase the price and the demand. 

The RISE Token

The RISE token is the foundation of the EverRise ecosystem, and is the original and first-ever buyback hyper-deflationary token. RISE is governed under revolutionary DeFi tokenomics that introduces game-changing use cases. 

The token has an interesting 11% transaction fee on all buys, sells, and transfers that help ensure the project's longevity and development. 

• 2% of every transaction fee is redistributed within the ecosystem to the token holders to incentivize holding.
• 3% of every transaction is used as marketing tax for ensuring EverRise reaches the ear of potential users.
• 6% of the transaction fee is reserved for the strategic buyback fund that ensures the stability of the token price and to buy back and burn tokens. 

The RISE token is designed to challenge crypto volatility by ensuring that the token price remains stable even during a market crash. Once the EverRise contract has collected the equivalent of 50 billion RISE, it converts the RISE into BNB tokens and stores them back into the contract itself. During market crashes or market manipulation, The Kraken, funded by the BNB stored in the contract, can be deployed to stabilize the floor price as well as reduce the circulating supply of RISE. 

Apart from the RISE token, EverRise has several other promising dApps in the pipeline, such as:

• EverOwn

EverOwn is a dApp that allows developers and project owners to hand over ownership of a contract to their community rather than renouncing ownership. . Renouncing ownership of a contract limits the growth of the ecosystem as it decreases the flexibility of the project. With EverOwn developers and project owners are able to empower their community, and still have the flexibility to improve and fix their contract. 

• EverWallet and EverSwap

EverWallet is a secure and decentralized vault residing on the blockchain and acts as a security protocol to enhance the security of pre-existing wallets. EverSwap allows the users to purchase, sell and transfer tokens available on PancakeSwap directly to and from EverWallet. 

• EverSale and EverLock

EverSale is a launchpad powered by the EverRise ecosystem for any BSC or ETH token presales. Unlike other platforms, EverSale will not be collecting tokens from projects using the launch pad as a fee, ensuring that projects are protected from presale platform dumps.

Adding liquidity to a new token is crucial to ensure the project's development as it is one of the main revenue streams for an ecosystem. With EverLock, developers will be able to lock their initial liquidity and build trust with their community as the community will have the ability to vote for unlocking initial liquidity. 

EverRise is a promising DeFi project that, with the help of its BuyBack mechanism, reduces the market's volatility and provides a more rewarding experience for investors. 

Image Sourced from Monccur PR

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.