Originally launched on June 15e, 2021, EverRise is a blockchain technology company that provides bridging and security solutions across multiple chains through an ecosystem of decentralized applications. With their RISE token, they were the first to bring crypto redemption. Since then, the buyout mechanic has become the norm in the space with countless forks.
EverRise is working to bring its ecosystem of dApps to as many blockchains as possible to increase the adoption of security protocols in all DeFi.
With that in mind, EverRise recently uploaded version 2 of its contract on Monday, November 29.e at 23:00 UTC. The enhanced contract features several notable innovations and changes. A representative from 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 new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks via PancakeSwap, UniSwap, and QuickSwap, respectively, with provisioning across 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 updated contract brings innovations and several notable changes. 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 upgraded 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).
Coming to more blockchains in the future
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 launched in September, and EverBridge in October, a cross-blockchain bridge capable of blocking speed transfers, to developers. like EverMigrate, a transparent way for projects to switch to an enhanced contract, launched on November 23e.
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. EverSale, EverLock, EverWallet, and EverSwap are currently planned and in development, so be on the lookout for more good things from EverRise in the future.
To learn more about the project, visit the website, read the blog for all the latest developments and follow the team on Twitter, Telegram, Discord, Reddit, Facebook, Instagram and YouTube.
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