EverRise 5 Chains, 1 Supply

RISE: 0xC17c30e98541188614dF99239cABD40280810cA3

5 chains, 1 supply Learn More!

On BNB Chain, Ethereum, Polygon, Fantom & Avalanche

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EverRise Blog

Weekly Wrap Up: Venture Capital, FTM Bridge News, and Cronos

Weekly Wrap Up: Venture Capital, FTM Bridge News, and Cronos

We currently have 58.5% of the supply staked and the liquidity reserve, aka the Kraken, is currently valued around 1,300,000 million USDT. Since launching v3 in early April, we have distributed over 1,000,000 USDT worth of rewards to stakers.

  • We had one of our biggest announcements to date earlier this week on Tuesday. Over the next several months, EverRise will be raising a seed round to propel us into our next phase focused on acceleration, scalability, and adoption. This is a step away from the microcap degen meme market towards the altcoin market where we belong. If you missed the announcement, you can catch up on YouTube.

  • Starting on Saturday at 6 PM EDT / 10 PM UTC, the token bridge to and from Fantom will temporarily close. The Fantom coin has fallen much more compared to the other native coins which has resulted in the Fatom liquidity pool moving out of sync with the liquidity pools on the other blockchains. The price discrepancy from the Fantom coin allows day traders to remove value from RISE ecosystem.

  • The bridge will remain open for EverRise NFT Stakes to not affect long term holders but unstaked tokens and the Native Coin Swap will not be available. Although the bridge is closed temporarily, 1 RISE is 1 RISE and we will always maintain a unified supply. The RISE/FTM will remain tradable and the cross-chain buyback will still be active.

  • Many projects have reached out to us about bridging to Cronos and we are excited to announce that we are working on adding Cronos chain support for both EverBridge and EverSwap clients. This integration will be complete in the coming weeks.

  • We are nearing the final stages of completing the infrastructure for delivering Migration NFTs and Achievement NFTs. We are making smart contract optimizations to lower gas fees for minting and testing some additional functionality for the Achievement NFTs.

  • Ecosystem adoption remains strong and we recently had the best sales day to date. Over the past week, we onboarded Pulli to EverSwap and have several projects slated to onboard onto various dApps in the coming weeks.

  • Defi Talks with Chainlink was postponed due to a last-minute scheduling conflict. Stay tuned for the new date.

  • Episode 2 of the Navigating DeFi series will be airing soon. It is currently in post-production.

  • Be sure to have Twitter notifications turned on because there are some exciting campaigns going on.

  • The last egg, the egg to rule them all, is live and should be cracking soon. Once the egg is cracked, we will be launching a new campaign so be ready for that. We are hosting Round 3 of the EverSwap Games for all tokens on EverSwap! From April 30th at midnight eastern through May 6th, any transaction on EverSwap will be eligible to win a Diamond NFT Stake which holds 100,000 RISE. There will also be some more NFT Stake giveaways over the next few weeks.

To our community, thank you for all you do and keep getting out there and crushing it on social media. We have a lot of work to do with regards to our raise and we are so excited for all of it. On that note, I hope you all have a wonderful rest of your weekend. Continue to speculate wildly and as always, thanks for tuning in.