All the EverRise holders generally use Kraken as their safety net because it is one of the biggest whales in the market. The buyback function of EverRise known as The Kraken is funded by a 6% strategic buyback fee. All the tokens which are collected from the fees are then converted in BNB which is then securely locked up and stored in the EverRise contract. All these funds are named the Kraken’s Strategic Reserves.
All the reserves then became independent on their own and set their price which was not similar to EverRise. The Strategic Reserve is now at a deployed stand of 4,328.05 BNB which is equivalent to $2.12 million USDT.
The contract in these coins is coded in such a manner that BNB in the Kraken’s Strategic Reserves cannot be withdrawn so it can be used to buy back EverRise coins from the open market. The liquidity pool in EverRise is around $4.46 million USDT of BNB. Every EverRise token which is bought back is added to the liquidity pool. This will end up creating a true burn which will make the price of EverRise go up drastically each time the buyback is activated.
Each move from EverRise is quite strategic and the Kraken is deployed accordingly for different moments which help EverRise to maintain a stable price during any kind of market crash. Long-term success with EverRise is quite certain.
What is the EverRise token and how does it work?
EverRise is now being developed by its team as we speak and there is no better time than now to invest in it. Before investing everyone should also keep in mind that significant risks are surrounding the investment but the reward is expected to be high. Almost all cryptocurrencies in the market are quite volatile so investing is always high risk.
This cryptocurrency is established with all the new standards of DeFi tokenomics. EverRise is the first currency in the space that came up with the buyback mechanics. In the buyback function, a total of 1700 tokens has been included. With help of EverRise the developers have been able to revolutionize the entire DeFi space.
Most of the non-circulating supply generally burns up but with buyback, the transfer is quite immediate and it reflects immediately. Tokens in EverRise are instantly burned which ends up permanently removing them from the circulating supply. A huge number of tokens have been burnt with 25.47% of the circulating supply. All The EverRise tokens which were bought and sold on the open market ended up creating a true supply constriction which makes the currency EverRise Hyper-Deflationary. Every transaction of EverRise comes with a 2% static reflection award on every transaction.
EverRise token details
The price of EverRise today is USD 3.81e-8 with a 24-hour trading volume of USD 573,973. EverRise has updated its price in real-time to USD. The prices have gone down by 22.34% for the last 24 hours. EverRise is now ranked at 3039 and it does not come with any market cap. There is no circulation of EverRise available with a supply of 1,000,000,000,000,000 EverRise coins. All the top exchanges are trading EverRise right now so getting your hands on it is quite easy and simple. Investors are looking into EverRise because of the great potential it offers. It is expected that EverRise will have huge growth in the coming years once it is completely ready.
How to buy EverRise token?
EverRise has now been listed by a lot of cryptocurrency exchanges but it is still not easy to purchase it with money. That does not mean you will not be able to purchase EverRise on your own.
Finding an exchange
For buying EverRise tokens it is important to find a platform. There are a lot of platforms available where small coins like EverRise can be purchased. Make sure to choose an exchange that sells EverRise before signing up for it.
Funding your account
After choosing your account all users need to do is create an account on the exchange. This process takes up a small amount of time. Users need to fill up with all the details and once the verification process is complete it’s good to go.
In the next step users will have to decide on what they want to purchase once the account is entirely set up. Users can choose all the different coins they want and then go through the purchase options.
Choosing a wallet
It is important to choose a good crypto wallet because users will be storing all their cryptocurrencies there. These wallets are just like banks that keep your cryptocurrency secured behind a password. Users will be able to manage it with help of their phone or online. There are a few wallets available in the market which users should check before they decide on one. With the help of the wallet, users will now be able to trade with all their cryptocurrencies without any kind of problem.