United States, October 22, 2024 / AlexaBlockchain/ – EverValue, a leading DeFi project, has achieved exceptional success with its EVA token presale, raising over 75 BTC—surpassing its initial 35 BTC target within the first week of launch. This notable achievement highlights the growing interest in EverValue’s approach, which combines Bitcoin-backed stability with long-term growth opportunities.
On the XT Launchpad, EverValue raised approximately 120,000 USDT and sold over 313,000 EVA tokens in just one hour. This robust performance underscores the strong backing from the community and reinforces EverValue’s unique value proposition in the cryptocurrency space. In addition to this, EverValue has now been listed on CoinMarketCap, further increasing its visibility and credibility within the wider crypto market.
A scheduled burn of 250,000 EVA tokens will take place on October 23rd, underscoring the project’s deflationary tokenomics model, which enhances long-term value appreciation.
Currently, EverValue holds over 101 wBTC in its Burn Vault, a reserve that grows by 0.2 BTC per day. These Bitcoin reserves provide substantial backing for the EVA token, ensuring consistent appreciation against Bitcoin, regardless of market volatility.
The key to EverValue’s appeal are several standout features that set it apart in the DeFi space:
- Guaranteed Growth in Value: EVA token’s burn price increases daily due to the continuous deposit of Bitcoin into the Burn Vault. This creates a price floor that steadily rises, ensuring EVA’s minimum value appreciates over time.
- Limited Supply and Enhanced Scarcity: With a cap at 21 million EVA tokens, scarcity is built into the system. Token burns further reduce the supply, increasing rarity and driving long-term demand.
- Whale-Proof Mechanism: EverValue’s structure is designed to be whale-proof, preventing large holders from manipulating the token’s price. This ensures that all investors benefit equally from the project’s growth.
- Self-Custody and Multi-Platform Flexibility: EVA token holders remain in full control of their assets, storing them in personal wallets rather than third-party platforms.
- Proven Transparency: The Burn Vault, the foundation of EVA’s value mechanism, is not only publicly auditable but also secured by an industry-recognized audit from Hacken. This ensures full transparency for token holders and investors, allowing them to monitor the continuous appreciation of their tokens.
- Arbitrage Advantage: If EVA token prices in the pool fall below the Burn Vault price, investors can buy low and burn high, making a profit from the price difference. This activity helps raise the pool price to match the Burn Vault price, guaranteeing a minimum value for the token.
- Deflationary Model that Rewards Holders: The token’s built-in deflationary mechanics—such as scheduled burns—ensure that as the total supply of EVA decreases, its value continues to rise, rewarding long-term holders.
To engage the broader community, EverValue’s Zealy campaign has over $1,000 in prizes available for top performers. With the presale surpassing initial expectations and the upcoming burn event on October 23rd, EverValue is poised for even greater expansion in the DeFi landscape.
As EverValue continues to evolve, it remains focused on providing a secure, transparent, and innovative investment opportunity for Bitcoin holders, with a deflationary structure that rewards long-term participation.
For further details and to stay updated on upcoming developments, visit EverValue’s website and follow them on Twitter and Telegram.
About Evervalue
EverValue is a robust project backed by Bitcoin and its mining, built on the Arbitrum network, dedicated to providing Bitcoin investors with a secure and transparent method to increase their Bitcoin holdings. The EVA token is designed to continually appreciate against Bitcoin, offering investors the security of a guaranteed minimum price in wBTC that only increases over time. This innovative mechanism ensures that, regardless of market conditions, the value of EVA in Bitcoin will consistently grow.
Source: Evervalue
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