What is EverRise (RISE)?
RISE is the native hyper-deflationary token of EverRise, which is a DeFi project that focuses on developing multi-chain solutions for other DeFi projects. Aside from the RISE coin, EverRise has numerous dApps that provide users and projects with these solutions. The following are the main ones:
- EverRevoke. It allows users to control access to their wallets.
- EverOwn. It allows users to lock their smart contracts under a governance system similar to a DAO. This way, projects can build transparency and become fully decentralized.
- EverBridge. It allows users to transfer tokens cross-chain.
- EverWallet. It is an extra layer of security that can be added to other crypto wallets.
- EverSwap. It is a cross-chain token swap.
- EverMigrate. It allows users to make one-click transactions of tokens.
- NFT Staking Lab. It allows users to stake RISE coins. Besides, the stakes on this dApp come in a form of an NFT, which makes them tradeable.
- EverLock. It allows developers to lock their initial liquidity under a governance system similar to a DAO.
- EverLaunch. It is a multi-chain launchpad for new projects.
Check out the EverRise price chart above. It features the latest movements in the RISE price.
Use Cases of RISE
The RISE token serves as the backbone of the EverRise network. It secures the ecosystem and provides cross-chain utility. In terms of securing the ecosystem, since RISE employs an automatic buy-back-and-burn mechanism, the RISE price tends to remain relatively stable and outperform other currencies during market downturns. This helps to keep the whole EverRise ecosystem stable as well.
Also, the Native Coin Swap mechanism of EverSwap uses the RISE coin for transferring tokens across chains. This functionality is backed by EverBridge's backend tech and allows users to trade native currency at block speed over any chain where the RISE coin is available
Additionally, the participants of the EverRise network are rewarded with RISE tokens.
Don't forget to check the current RISE price on the live EverRise price chart above.
Who Founded EverRise?
There is no reliable information available on who founded the EverRise crypto project.
Tokenomics of RISE
The max supply of EverRise tokens is 71,618,033,988. Besides, as mentioned before, it is a hyper-deflationary asset. This is because it uses an automatic burning mechanism. EverRise collects a 6% fee on each transaction and uses it to buy back RISE tokens and burn them immediately. This approach contributes to limiting token supply while increasing the RISE price and demand.
You can see the live RISE price, total supply, trade volume, and other metrics in our graphs above.
