5 chains, 1 supply Learn More!
On BNB Chain, Ethereum, Polygon, Fantom & Avalanche
EverSwap is designed to reduce sell pressure from the Swap and Liquify function in the contract. Start using EverSwap today!
Securing the ecosystem: How the The Automatic Buyback and Staking Protocol Works
The EverRise token (RISE) is stabilized by the automatic buyback and staking protocol on the five chains RISE is available. A 5% fee on each transaction (buys, sells and transfers) is collected and stored in the contract as a liquidity reserve (Buyback Reserves).
The buyback function of the contract, also known as "The Kraken", is coded to automatically purchase RISE tokens off of the market using the native coins stored on the Buyback Reserves, to support the liquidity pool of each chain, reducing sell pressure and increasing buy pressure. The Buyback Reserves can only be used to purchase RISE tokens.
The RISE tokens purchased by the automatic buyback are immediately distributed to a high yield staking reward pool. Holders who have staked their RISE tokens earn a weighted proportion of the staking reward pool.
The RISE token is multi-functional: Being the utility token for cross-chain swaps and securing the ecosystem with its innovative buyback and staking protocol.
With independent automatic buyback systems based on volume on every chain, the RISE token is able to keep stable and perform better than other coins during downward market trends. With our buyback and staking protocol, holders are incentivized to be diamond handed further securing the long-term success of the project.Learn More
The RISE token serves as the transfer token for cross-chain swaps at EverSwap’s Native Coin Swap feature. This feature is powered by EverBridge’s technology in the backend and makes it possible to swap native coins at the block speed across any blockchain that RISE token is available: Ethereum (ETH), BNB Chain (BNB), Polygon (MATIC), Avalanche (AVAX) and Fantom (FTM).Learn More
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