Decentralized Finance (DeFi) is a rapidly evolving field. EverValue The new benchmark in Bitcoin-backed financial products is being set by EverValue. EverValue’s EVA Token, which is built on the Arbitrum platform, takes a new approach to stability and scarcity. It also addresses the pain points of Bitcoin investors.
Bitcoin meets DeFi: Bridging Innovation and Stability
EverValue, unlike most DeFi initiatives that require Bitcoin deposits via centralized platforms to get started, prioritizes decentralization, transparency, and security. Burn Vault, a Bitcoin-backed vault, is the cornerstone of EverValue’s ecosystem. The smart contract increases the EVA tokens’ minimum price daily by depositing wrapped Bitcoins (wBTC). The Burn Vault currently holds more than 110 wBTC. This amount grows by about 0.3 BTC per day, creating a stable price floor.
The Bitcoin-backed Burn Vault is the cornerstone of EverValue’s ecosystem, redefining how stability and growth are achieved in DeFi. By using this proprietary method, BTC as wrapped Bitcoin is added to the Burn Vault. This creates a price floor that steadily increases for EVA.
Users must burn EVA to withdraw wBTC. This reduces the token supply and maintains a stable, predictable valuation. A capped EVA stock and daily deposits of newly-mined Bitcoin into the vault are designed to increase the value over time. This method protects against volatility in the market, and offers a unique blend of innovation and reliability within the crypto space.
Pre-sale performance and community support
EverValue demonstrated strong market traction by raising more than 75 BTC at its presale and exceeding its initial target of just 35 BTC within the first week. The XT Launchpad Event further cemented this success by raising over 120,000 USDT in just one hour, and selling more than 313,000 EVA tokens.
The momentum gained by this project was boosted further with the planned burn of 250,000 EVA on October 23rd. This aligned with its tokenomics deflationary model. The project has burned more than 500,000 EVA to date and committed to burning 250,000 tokens each month to increase scarcity and to drive long-term appreciation.
Deflationary tokenomics: a path to long-term Value
EverValue’s EVA tokenomics are built around scarcity and guaranteed growth. EVA’s hard cap of 21,000,000 tokens ensures its value is not diluted by additional tokens. Combined with regular token burns, this strategy drives long-term interest and rewards those who hold on to their tokens.
Hacken, one of the most renowned blockchain security firms, audits smart contracts and Burn Vault regularly to add security. EverValue’s transparency helps to ensure that it remains a respected player in the DeFi Ecosystem.
Community Engagement and Whale Proofing
EverValue’s whale-proof system prevents the large holders of tokens from unjustly influencing prices. This feature, together with self-custody flexibilities and multiplatform compatibility, allows all investors to participate equally in the growth of the project.
EverValue engages the community with initiatives like Zealy, where top contributors can win over $1,000.
The Road Ahead
EverValue’s leadership, including CEO Flor Ayala envisions Bitcoin to be an integral part of the DeFi ecosystem. The project is designed to better integrate Bitcoin’s stability in complex financial systems and evolve with changing technology and adoption patterns.
EverValue, with its unique blend of Bitcoin-backed security, deflationary tokenomics, robust security mechanisms and its innovative combination of Bitcoin-backed stability as well as deflationary coinomics, is poised expand the utility of Bitcoin in DeFi. The project, which continues to burn tokens while increasing its reserves offers a stable and reliable option for DeFi investors looking for long-term value.
Visit the EverValue website to learn more and join its ecosystem. EverValue website You can follow the project by clicking on Twitter The following are some examples of how to get started: Telegram.
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