BSCDaily hosts EverRise: #EverRise #Defi #BSCDaily #BSC
BSC_Daily Admin: Hello and welcome, how are you today?
Wasso: I’m doing great! Excited to be here with everyone!
Jenn: It’s Sunday and I’m feeling energized as ever. I hope everyone is having a great weekend so far.
BSC_Daily Admin: Happy to hear! Ready to start our AMA?
Jenn: Let’s do it.
Q1: Now to start the AMA, team EverRise please have a quick introduction to the community. What is EverRise all about?
Wasso: Hi everyone! Some of you may have heard of us, we’re the first project to bring the concept of buybacks into cryptocurrency but our project has expanded so much more since we launched 3 months ago.
For those of you who haven’t heard about EverRise, we’re a project on BSC that is committed to bringing new safety and security standards into DeFi. As you all know, investing in cryptocurrencies is incredibly volatile. DeFi, especially the Binance Smart Chain, is a tricky space to navigate even for experienced investors. There are rug pulls, liquidity drains, and honeypots left and right and it can be really hard to determine which projects are legitimate.
Jenn: For us, we believe that all investors should feel secure about their investments and that legitimate projects should be able to stand out from the rest and have the tools necessary to educate their community on navigating the space while also having things in place that protect their projects.
Everything we are building ultimately works towards that goal.
Q2: Please share with us the background of the team behind this project. What are your past experiences?
Jenn: Sure! Haha, you know I may be biased, but I have to say we have a pretty incredible and diverse team. I’m Jenn and I’m the Director of Market, my background has primarily been in brand development and creative content. I’ve worked on campaigns for various brands like Google, Samsung, Vice Media, and Capital Records just to name a few.
Wasso: I’m Wasso and I’m the Director of Business Development. Some of you may recognize me from Hoge (first deflationary meme-coin on Ethereum), I was the business development lead there before joining EverRise. I have over a decade of business development experience working for a fortune 500 company. I have been a crypto investor since 2015.
Jenn: From our leadership team:
Our CEO and Lead Developer, Suresh (aka Titan), is truly a force to be reckoned with. He has over 20 years of development experience and not to mention, he was the one who made the EverRise contract which has been forked over 1,700 times.
Justin Tyler otherwise known as TJ is our Director of Communications. He is a Defi veteran who has vast experience in crypto marketing and the strategic development of projects from inception to adoption.
As much as regulations in the crypto space are scary, our General Counsel, Dr. Aleksi Ollikainen-Read is not only a lawyer but also has an extensive background in legal research around commercial law and financial instruments, plus he’s a former Oxford lecturer.
David Gokhshtein is also part of the EverRise leadership team. He’s our Brand Consultant and has made a name for himself as an industry-recognized veteran. David is the CEO of PAC Protocol as well as the founder of G Media (a top 10 outlet for crypto and blockchain technology news).
You can check out the rest of the team here: www.everrise.com/about
Q3: Each project has interesting stories before it is created. So why did you come up with the idea to create EverRise?
Jenn: Suresh (Titan) has a lot of experience with investing in the stock market, and he had the idea of bringing buybacks into crypto. Buybacks are commonly used in the stock market to increase investor confidence, this is done by increasing positions during a market downtrend.
What’s cool about the way he implemented buybacks for EverRise is that once the tokens are bought back from the open market, they are instantly burned and removed from supply forever.
That’s literally how it started- he had this idea and implemented it. Then the project launched and took off in a way that no one really anticipated including Suresh himself.
So much so he actually quit his full time job to work on EverRise full time and so have a lot of members on our team.
Over the past couple of months, the vision has just continued to evolve and the speed at which Suresh has been able to implement and build the dApps in our ecosystem quite frankly is unreal.
We all know Defi is a bit of a mess and that investors need better protections against the bad actors out there in the space- whether its rug pulls, liquidity drains, dusting attacks, etc. We’re building an entire ecosystem to address this.
And that’s our origin story!
Q4: What makes EverRise different from other competitors?
Jenn: EverRise being the first project to introduce the buy-back feature has resulted in literally thousands of forks, resulting in thousands of competitors! It’s really a unique feeling being the first to market especially when being so heavily replicated. What makes EverRise different from its competitors is not only that we were first to market on the buy-back, but rather that we have built a novel dApp in EverOwn, and continue to have a suite of dApps to support our ecosystem.
Q5: Let’s dive into your token $RISE. Can you share with us your tokenomics? What are some of the $RISE use cases? Does it get audited?
Jenn: Yeah absolutely. So as we mentioned earlier, EverRise is the first project to introduce the concept of buybacks into the cryptocurrency space. I know we keep emphasizing first, but for me personally, I think it’s just incredible the innovation that our team has brought to the space in such a short amount of time.
Our token, RISE or $RISE, is a collateralized cryptocurrency that grants investors holding RISE instant rewards on all transactions and protects them with our unique buyback and burn protocol.
On the EverRise protocol, when we activate the buyback function (otherwise known as The Kraken – named by our community) of our contract, RISE is bought off the open market and is automatically sent to the burn wallet. This adds value to the liquidity pool of the RISE token, and permanently reduces supply.
The EverRise contract is coded to collect 11% in fees from all transactions (buys, sells, and transfers) which can be broken down into:
– 6% for strategic buyback funds
– 2% rewards to holders
– 3% contribution to project sustainability (enhancement, operations, and marketing)
Right now, our strategic buyback reserves has over 4,000 BNB in it. Which is worth around 1.6 million USD. What is great about this is it really allows The Kraken to protect RISE investors.
We’ve recently hit our 3-month mark, and one of the things our community has been incredibly excited about is the fact that we have bought back and burned about the equivalent of $7 million in USD in the past 3 months alone!
It’s absolutely NUTS and such an exciting achievement. It shows that what we’re doing is working.
With regards to audits, we’ve been audited by both TechRate and Certik.
Wasso: In terms of utility, $RISE forms the cornerstone of the EverRise ecosystem. So for example, our dApp EverOwn is the first smart contract locker on the market. Renouncing contract ownership is a core principle to build trust with a project’s community. Many new projects opt to renounce the contract to establish trust and attract new buyers.
The problem with renouncing the contract is that it is permanent. If the developer ever needs to patch exploits or to further develop, they are unable to make changes. Renouncing ownership can also severely limit the growth of the project in the future. EverOwn fixes this issue by holding the contract within the decentralized application (dApp) on behalf of the community. If something needs to be changed or a problem needs to be fixed, the owner can reclaim it with a community vote. The owner also has the ability to add a secondary wallet that after a designated amount of time passes a secondary owner can claim the contract following a successful community vote. This provision is included to protect the community should god forbid anything to happen to the original owner.
Another advantage of transferring ownership to the EverOwn contract is that any new liquidity generated will be auto-assigned to the EverOwn contract. This way, the owners can build trust within their communities, providing assurance that the newly generated liquidity tokens (not subject to the initial liquidity lock) are locked in the EverOwn contract, preventing a rug-pull by liquidity drain. EverOwn aims to prevent common risks in early-stage projects and provide solutions to benefit creators and investors alike.
Here is more info on EverOwn: www.everrise.com/everown
Also here is the list of EverOwn secured projects: www.everrise.finance/#/everown/list
I think that’s enough for this question.
Q6: Let’s talk about partnerships & influencers that you are collaborating with.
Jenn: Right now we have. A lot of awesome partnerships that are in place. For example, we’re working pretty closely right now with G Media and CoinBound. We’re also looking at bringing on partners such as Hyros on the marketing front. On top of that, every project that joins EverOwn, we really do look at as a partnership. They’re joining us on our mission to make DeFi a safer space and it’s important that we get the word out there.
Wasso has been crushing it on the business development front and we’re starting to create partnerships with various audit firms to formally recommend EverOwn as a solution for centralization risks and also as a solution to renouncement as this is a market created problem in an attempt for developers to build trust within their communities.
With regards to influencers- I, unfortunately, cannot name any names but we had an awesome review from Vosk Coin that came out Friday, and more are coming down the pipeline in the coming weeks.
One last thing with regards to the partnerships Wasso is working on.
Those types of partnerships, that’s what’s going to help EverOwn become a new security standard in the space. EverOwn is solving real issues that all of here have probably experienced as investors in projects.
But that’s about what I can share with regards to partnerships and influencers at this moment!
Q7: Can you share your Roadmap & Marketing strategy in the next 6 months?
Jenn: Currently EverOwn is available on the BSC network, we are looking to expand this offering to the Ethereum blockchain next, and we will follow that by expanding further to several other protocols, perhaps Polygon after ETH. Our roadmap also includes the release of the following dApps:
EverSale is a launchpad powered by the EverRise ecosystem for any presales. 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.
EverWallet is a decentralized secure vault that resides directly on the blockchain. EverWallet is a complementary product to decentralized wallets like MetaMask and TrustWallet, providing security enhancements to them much like a hardware wallet, except with the additional protection of being secured on the blockchain rather than a physical device.
EverSwap which allows for swapping for all PancakeSwap pairs directly from EverWallet. Your tokens can remain securely locked in EverWallet, without needing to release the tokens to the main wallet to perform the swap.
Jenn: There’s a lot happening right now with our project and products that we are developing as you can see from what Wasso mentioned above.
Our team has already brought things to blockchain that didn’t exist before and with EVERYTHING we work on from a marketing perspective it’s going to be bringing all those products and getting them in front of as many people as possible and making sure that everyone knows that we are the company that is bringing new safety and security standards into the space.
Our marketing campaign currently includes and will continue to include: editorial press and media coverage, targeted ads on social media platforms as well as DeFi platforms, influencer marketing, and international marketing.
As we get closer to bridging to the Ethereum protocol, we’ll be expanding those initiatives to also target Ethereum investors.
We are also hosting weekly AMAs with myself, TJ and Wasso to give the community more in-depth updates on our various marketing and business development initiatives. If you’re interested in learning more, the next one is coming Tuesday and will be hosted on Twitter Spaces.
Q8: Where can we find out more about EverRise on social media?
Jenn: Definitely if you’re interested in learning a bit more about the token and project overall check out: www.everrisecoin.com
To learn more about our dApps: www.everrise.com
Interested in getting updates and access to our events? Follow us on Twitter as this is where we will be hosting the majority of our AMAs and events moving forward: www.twitter.com/everrise
And finally, if anything we discussed above interests you. Check out our community on Telegram. We are over 30,000 strong and growing daily https://t.me/everriseofficial
BSC_Daily Admin: With this, we are now at the end of our AMA session with EverRise.
Time for wrapping up, any last words you would like to say to our community?
Jenn: We hope this was insightful and yes echoing what Harris said, if you have more questions join us over at @everriseofficial and we’ll be happy to answer them over there.
Wasso: Thank you for having us! And we promise to continue on our path to bring safety and confidence to BSC.
BSC_Daily Admin: Thank you so much for spending time with our community & all the very best for EverRise.