What is Wrapped Everscale (WEVER)?
Wrapped Everscale is an Ethereum-and-BNB-chain-based tokenized version of the EVER token. Everscale's whole ecosystem is powered by the EVER token. However, trading using Ethereum or Binance tokens for EVER is restricted since it runs on its own blockchain. To address this, the Everscale crypto project debuted a wrapped version of its token. You can see the current Wrapped Everscale price above.
Everscale is a Layer-1 blockchain used for the development of decentralized applications. Due to their limited capacity to execute a large volume of transactions per second, the scalability of blockchain heavyweights like Ethereum is frequently questioned. With the use of cutting-edge new technology, the Everscale network can verify more than a million transactions every second. All of this occurs on the distributed operating system EVER OS, which serves as a decentralized global computer.
Use Cases of WEVER Tokens
Due to its interoperability with other assets, WEVER is used on other chains, like Ethereum, where EVER cannot be directly transferred. In addition to that, it can be used for some other DeFi operations like trading or yield farming.
Don't forget to check the live Wrapped Everscale price chart. It features the current and the previous WEVER price.
Who Founded Everscale?
As of now, there’s no reliable information on the exact identity of the platform’s founder. While Florian Dierks has been named as a founder by some sources, there’s no further information available to fully verify this claim.
Tokenomics of WEVER
WEVER tokens can only be minted exclusively on Everscale and only through a specific smart contract. This smart contract validates and locks EVER before producing WEVER on a 1:1 ratio. WEVER is accessible as an ERC-20 and BEP-20 coin, with the WEVER price roughly matching the original coin. This enables investors to trade between blockchains with convenience.
