Everscale EVER

What is Everscale (EVER)?

EVER is the native currency of the Everscale chain. You can check out the current EVER price movements on the Everscale price chart above.

Based on the TON project developed by Telegram, Everscale is a Layer-1 blockchain that has smart contract functionality. The Everscale blockchain claims to support up to a million transactions per second.

It's worth noting that Everscale allows the development of applications in high-level programming languages like C, C++, and Solidity. Besides, it employs the Proof-of-Stake (PoS) consensus mechanism.

The dynamic multithreading and sharding technology is one of the most unique aspects of the Everscale crypto project. The network consists of the Masterchain and multiple workchains (shards). Masterchain holds all workchain block proofs, while workchains only hold a limited amount of data. As Everscale's multithreading and sharding is dynamic, new workchains can be easily added anytime, which is not the case with most sharded networks.

Use Cases of EVER Tokens

The EVER token follows the TIP-3 token standard. However, there's also WEVER, which is an ERC-20-wrapped version of EVER that is compatible with the Ethereum network.

Talking about use cases, for starters, the EVER token allows holders to pay network fees to validators and collect rewards within DAO procedures.

Moreover, the token holders can also use the EVER coin for staking, yield farming, and adding liquidity.

Besides that, EVER tokens provide holders with governance rights, which allows them to participate in the governance process and vote on the protocol’s future.

Lastly, the tokens can also be used to cover payments in decentralized applications developed using Everscale.

Don't forget to take a look at the Everscale price chart above. Determining the main movements in the EVER price will help you a lot if you plan to invest in EVER tokens.

Who Founded Everscale?

The founders of Everscale have chosen to remain anonymous. Some sources mentioned Florian Dierks as the founder, but there’s no further information available on his background or identity.

Tokenomics of EVER

There is no max supply set for EVER tokens. As of January 2023, the total supply is around 2 billion. 85% of the initial EVER supply was set aside in the referral treasure while the remaining 15% was split between developer treasury (10%) and validator treasury (5%).