What is EverRise (RISE) | What is EverRise token | What is RISE token
In this article, we’ll discuss information about the EverRise project and RISE token
EverRise is a hyper-deflationary token,which rewards investors for holdingtokens, while also incorporating the Buyback approach currently present in the stock market. EverRise is the first cryptocurrency ever to include automatic Buyback. What is Buyback? If a particular stock has low value, but has the potential to perform better in the future, often companies will announce a buyback of the stock in the open market. Once companies announce the buyback, investors gain more confidence to purchase, and hold the stock as well. Additionally, the demand increases as the company starts buying the stock, which ultimately will drive the stock to raise. At EverRise, we chose to apply the Buyback concept to cryptocurrency, and encourage investors to hold the token.
Why invest in EverRise?
EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time.
What’s So Great About That?
There are 3 advantages:
1. Raise in Value
○ After the tokens from the Liquidity pool are bought, the new BNB amount is added to the pool and the amount of the tokens are reduced, which results in an increase in price.
2. Free BNB
○ Once those tokens are burnt, it is like adding free BNB to the pool as there are no tokens to sell in the future.
3. Trust & Reliability
○ Investors can be relentlessly hesitant, and often get spooked by a bearish market.
○ Because of the Buyback, Investors will never see more than 2 Sells at any time and 98% of the time, they will only see one Sell as there will always be a Buy from the contract.
EverOwn
Investors are not aware of the issues when the ownership is renounced, and the project goes bad.
Owners are not ready to renounce the ownership, because of its use when some things need to be changed.
We are coming up with our own dApp called EverOwn. EverOwn can maintain the ownership of the contract rather than the owners themselves, so that if something needs to be changed, the owner can reclaim it with the communities acceptance.
**Bonus Holder Advantages **
● 2% rewards redistributed on every transaction
● Join a trusted network of investors, who are confident in the BuyBack contract, and understand the potential for growth in implementing this concept.
● Once the investors know that contract always buys after every sell, they feel confident about raise of the price and continue holding
Tax Breakdown
➔ 2% rewards to holders
➔ 3% marketing tax
➔ 6% Buy-Back tax
➔ Slippage: 13%
Tokenomics
1000000000000000: 1 QUADRILLION INITIAL SUPPLY
DEV WALLETS: 5%
MARKETING AND PROMOTIONS WALLET: 4.5%
PRIVATE SALE: 18.5%
PRE-SALE: 40%
LIQUIDITY: 32%
110,000,000,000: PRIVATE SALE PRICE
100,000,000,000: PRE-SALE PRICE
100,000,000,000: PANCAKESWAP PRICE
TAXES:
2%: REWARDS TO HOLDERS
3%: MARKETING TAX
6%: BUY-BACK TAX*
13%: SLIPPAGE
*will be utilized to keep the price of the token in check by buying back the tokens and burning them
How and Where to Buy RISE token?
RISE token is now live on the Binance mainnet. The token address for RISE is 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap RISE token
Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in RISE token is currently LBank, ZT, and PancakeSwap (V2)
Find more information RISE
☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----https://geekcash.org-----**⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
#blockchain #bitcoin #rise #everrise
