What is Evolution Finance (EVN) | What is Evolution Finance token | What is EVN token

What is Evolution Finance (EVN) | What is Evolution Finance token | What is EVN token

Evolution Finance (EVN) is a self-funded project that will change the way users interact with DeFi locked liquidity and money markets. Evolution Finance is targeting DeFi lending of the top 50 ERC20 altcoins and ERC-wrapped native coins, with a fair token distribution model at launch. We believe a fair token distribution is key to building the community that a dominating DeFi platform needs. At launch 100% of EVN tokens will be made available through liquidity pools on Uniswap. What is Evolution Finance (EVN) | What is Evolution Finance token | What is EVN token

Evolution Finance has created an innovative token design. While the token’s uniqueness may capture all early attention the project receives, the core value Evolution Finance provides is in its advanced lending market, which captures a 10x higher market value than any existing lending operator.

Evolution Finance operates is using renVM to port the top 50 market assets on to Ethereum for availability on the Evolution Finance lending market.

First, a Brief Look at the Token Design

Farming has quickly become a mainstay in the DeFi space. However, it has forced projects to build problematic inflationary releases which are absolutely harmful for the project’s longevity.

The constant supply of free tokens comes at the expense of holders. It also forces platform users to become addicted to an unsustainable incentive system. Evolution Finance is addressing this problem with a powerful yet deflationary farming system.

EVN Token is deflationary.

When ever the EVN token is transacted, 1.7% of it is deducted. For example, is a person sells 100 EVN tokens, he/she actually processes only 98.3 tokens during the sale. 1.7 tokens are claimed by the EVN smart contract for distribution.

The 1.7% is distributed as such:

  • 1% to EVNY (EVN liquidity providers)

  • 0.2% to EVN stakers

  • 0.1% to development fund (voted on by the DAO)

  • 0.4% burned

This creates a natural deflation of EVN, while incentivizing the growth of liquidity that supports the token.

Liquidity Locks

EVN liquidity providers become *permanently *locked. This means any liquidity added to become a liquidity provider is permanently allocated to the token’s price floor.

EVN liquidity provider tokens are called Evolution Yield tokens (EVNY). Liquidity providers have to stake their LP tokens (EVNY) to begin enjoying the 1% fee from the token transfer volume. EVNY can also be sold on its own liquidity pairs, which the community can create on Uniswap or Balancer.

The permanent liquidity lock is desirable trade-off for the 1% transaction volume EVNY stakers earn permanently.

Liquidity Hard Cap

EVNY tokens have a hard cap. LP tokens have never had a hard cap till now. This is because anyone can buy fractional tokens, add ETH, and become a liquidity provider.

This can be problematic for liquidity providers who are locking in their assets. To incentivize this, the EVNY staking reaches a cap once the EVN liquidity pools reach $5M net liquidity. This makes sure EVNY stakers do not have to be worried about reward dilution and can confidently participate.

The Business of Evolution Finance

As exciting as the token design is, it’s not the core product but a mere feature in the overall development of Evolution Finance.

The Evolution lending market is the primary service and value-add of the ecosystem. Lending is one of the most prominent and successful businesses in the crypto market. Every major industry operator, including Digital Currency Group (Grayscale), Binance, Kraken, Huobi, etc., participates in crypto lending.

Crypto lending is driven by traders who want to either leverage their position or short sell an asset. The largest markets for leveraged trading and short selling are BTC, ETH, XRP, LTC, BCH, DOT, EOS, TRX, and so many other billion-dollar coins, yet only BTC and ETH can be leveraged or short sold in Ethereum’s DeFi ecosystem.

This is a huge market gap.

CeFi is capitalizing on the billions of dollars in demand for lending assets that do not yet exist in Ethereum DeFi, let alone be part of decentralized lending markets. Evolution Finance is using renVM and other wrapping solutions to bring the top 50 native assets of blockchains (beside ETH), on to the Ethereum network, for exclusive availability on the Evolution lending market.

The business of Evolution Finance is to capitalize on an untapped lending market that is 10x larger than any DeFi competitor.

Destined for Growth

Evolution Finance is an initiative by known partners and public figures in the space who are tired of the flaws in DeFi. This initiative takes advantage of their network, experience, security and exposure. As a natural by product, the project has already settled major collaborations and partnerships.

At inception the project will be managed by the partner network and approved via multi-sig signers to ensure no malicious activity, Evolution Finance will move to full decentralized governance control with the launch of the primary lending and borrowing platform.

Token Supply & Distribution

A total of 300,000 EVN tokens will be minted at the token generation event (TGE) with no future minting function enabled. The 300,000 tokens minted during the TGE will be the first and only batch of EVN tokens that will ever be minted. These tokens will be added to uniswap proportionately, with $300k (ETH) of locked liquidity:

At Launch there will be one pool.

Pool 1: ETH/EVN = $300k ETH + 300,000 EVN

Post launch a second pool will be created for tETH/EVN (wrapped eth to manage eth below the price floor). Liquidity will be split from the ETH/EVN pool and managed between the two new pools to ensure maximum value.

How and Where to Buy EVN ?

EVN token is now live on the Ethereum mainnet. The token address for EVN is 0x9af15d7b8776fa296019979e70a5be53c714a7ec. 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 ETH in your wallet to cover the transaction fees.

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 Uniswap 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 $ETH to your new Metamask wallet from your existing wallet

Next step

Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap EVN token

Contract: 0x9af15d7b8776fa296019979e70a5be53c714a7ec

Read more: What is Uniswap | Beginner's Guide on How to Use Uniswap

The top exchange for trading in EVN token is currently ..........

There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once EVN gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com  ☞ https://www.bittrex.com   ☞ https://www.poloniex.com   ☞ https://www.bitfinex.com   ☞ https://www.huobi.com

Find more information EVN

WebsiteExplorerExplorer 2Source CodeSocial ChannelSocial Channel 2Social Channel 3Message BoardCoinmarketcap

🔺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 ⭐ ⭐ ⭐

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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