Originally launched on June 15^th, 2021, EverRise is a blockchain technology company that offers bridging and security solutions across multiple chains through an ecosystem of decentralized applications. They were the first to introduce crypto buybacks with their RISE token. The buyback mechanism has been standardised in space and is used by many forks.

EverRise v2.0

EverRise works to bring their ecosystem of decentralized apps to as many blockchains and increase safety protocols adoption across all DeFi.

Keeping that in mind, EverRise, have recently gone live with version 2 of their contract on Monday, November 29^th at 11: 00pm UTC. There are many notable innovations and changes in the upgraded contract. A representative from Certik.io noted in an update to 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 become available on the Binance Smart Chain and Ethereum networks via PancakeSwap and UniSwap. There will be one supply of each blockchain and three balanced initial liquidity pools.

This is the first time a token has launched on three chains at the same time and marks the first time the RISE token will be available on Polygon. The token was previously accessible on the Binance Smart Chain as well as Ethereum.

The updated contract includes many notable changes and innovations. The most significant new feature is the introduction of staking, replacing reflections, and allowing the transaction tax to be reduced from 11% to 6%. Holders who choose to stake tokens can choose between one- or twelve-month staking pools. A brand new automated buyback feeds the reward pool. The upgraded automated buyback distributes tokens purchased to the staking reward pools instead of sending them to the burn address. Tokens will no longer be burned as the supply is now fixed and consolidated in a 10,000:1 ratio to just under 72 billion tokens (71,618,033,988).

Coming to More Blockchains in the Future

With the v2.0 launch of EverRise, developers on all three blockchains will have access to the EverRise ecosystem for decentralized applications (dApps). This will provide security and assurance to investors and project developers. EverRise currently offers EverOwn, a smart contract locker launched in September, and EverBridge in October, a cross blockchain bridge capable of block speed transfers, to developers. as EverMigrate, a seamless way for projects to transition to an upgraded contract, launched in November 23^rd.

EverRise looks forward to bringing their token and their ecosystem of dApps onto more blockchains. They have a commitment to bring safety and security to all DeFi spaces. EverSale and EverLock are in development. Keep an eye out for EverRise’s future plans.

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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