What is Everest (ID) | What is Everest token | What is ID token

What is Everest (ID) | What is Everest token | What is ID token

Everest is a next generation blockchain + fintech platform bringing the mass-market of users and traditional financial institutions into the decentralized finance (DeFi), crypto + fiat future. The Everest Foundation offers Stakers, eAgents and eTellers the cost-competitive, vertically integrated solution from Everest Networks for onboarding an account with integrated eKYC + compliance, and the ability to effectively resell Everest-supplied services, such as DeFi (savings, lending/borrowing, swapping, etc.), international routing, peer-to-merchant. Stakers, eAgents, and eTellers are incentivized through the ID token, a utility token that rewards virality and holding. What is Everest (ID) | What is Everest token | What is ID token

Everest is a next generation blockchain + fintech platform bringing the mass-market of users and traditional financial institutions into the decentralized finance (DeFi), crypto + fiat future.

The Everest Foundation offers Stakers, eAgents and eTellers the cost-competitive, vertically integrated solution from Everest Networks for onboarding an account with integrated eKYC + compliance, and the ability to effectively resell Everest-supplied services, such as DeFi (savings, lending/borrowing, swapping, etc.), international routing, peer-to-merchant. Stakers, eAgents, and eTellers are incentivized through the ID token, a utility token that rewards virality and holding.

How Everest Removes Barriers

Everest is the world’s only device-free globally accessible, digital transaction protocol with built-in identity. Through the use of digital identities, electronic wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.

Device-free identity verification

Peer-to-peer registration using biometric data allows anyone, anywhere to enroll in the platform, without the need for a device.

Seamless value transfer

By verifying identity with 100% accuracy EverID reduces leakage, fraud, friction, verification, and data access costs.

Total financial inclusion

Creating global access to existing financial services unlocks the $20 trillion-dollar economy of emerging markets.

Individual empowerment

EverID enable users to be in total control of their data and provides access to formal economic systems.

Institutional efficiency

Reduced transfer and data storage fees will allow institutional growth in emerging nations.

Economic growth

Deviceless identity verification will empower over 4 billion people and create a $40 trillion economic opportunity.

Technology

Everest is a decentralized platform incorporating a massively scalable payment solution, EverChain, with a multi-currency wallet, EverWallet, a native biometric identity system, EverID, and a flexible value tracking token, the CRDT.

Everest Components

1. EverID: Decentralized Identity Platform

EverID gives a person the ability to record, update, store, and share identity information without the need to own technology or have a network connection. The steward of the identity information in EverID is the  Identity Network Foundation, a  non-profit decentralized autonomous organization (DAO) dedicated to ensure the global identity creation and verification network is secure and available for all of humanity. 

2. OrgEverID: Decentralized Organization Identity

Organizational EverIDs, or OrgEverIDs, give organizations

the ability to have a verifiable identity to exchange value

with individuals and other organizations.

3. EverWallet: Supports Multiple Currencies and Document Storage

EverWallet is an extensible wallet framework designed to include other wallet technologies and provide a unified solution to the user. Able to spend, save, lend and spend in fiat and crypto, store documents, medical records and sensitive data locked with your biometry – never lose your keys or access again.

4. Everest Api Gateway

Legacy Systems and Existing APIs can be quickly and inexpensively extended, enhanced or upgraded with the Everest API Gateway.

5. CRDT Token:
Flexible Value Storage Stablecoin

The stable currency pegged to the United States Dollar, where 1 CRDT = 1 US penny ($0.01). It is used to represent the value of a good, service or currency

6. EverChain: Very Scalable Value Exchange Platform

The underlying technology which records all transactions in Everest. Simple value exchange to document sharing, EverChain and solidity smart-contracts can power any transaction.

ID Token:

Network access utility token

IDs are a utility token enabling access to the Identity Network and every exchange of value in the economy.

Receiving payments is always free within the system, but users need to stake 1-100 IDs in their wallet if they want to send payments.

Like within all large systems, the higher levels of data, complexity, visibility and targeting require a larger stake, up to 250,000 IDs.

Institutions need to stake varying amounts of IDs to gain tiered levels of access and additional IDs for market-specific applications.

Everest API Gateway

The Everest API Gateway is a turn-key solution that is installed in a Partner’s Production Network, typically in the DMZ segment.

The Everest API Gateway provides a scalable platform to integrate internal and external Partner API endpoints with the Everest platform and expose them in a secure manner and allows for both modern and legacy applications to benefit from a microservices architectural approach.

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