EverRise (RISE) is a cryptocurrency operating on the EverRise network. It works on the blockchain network. RISE Token can be used for decentralized financial transactions and staking transactions. It initiates transactions with smart contracts. It has strict security protocols and this protocol prevents multiple transactions on the same crypto asset. Thus, it offers its users secure cryptocurrency transactions. This innovative project of EverRise has created a revolution in the field of DeFi.
What is EverRise?
The purpose of the project; It aims to offer investors more passive income from the crypto-asset pool and eliminate the threat of black money. The project also allows users to cancel their smart contracts. But voting is done on the network and is canceled based on majority votes.
50% of the project revenues are transferred to kraken wallets, while 25% is directly repurchased. RISE Token investors initiate the liquidity lock on the EverRise network at a certain maturity. Thus, they have the opportunity to earn new RISE Tokens. The price of 1 EverRise Token is 0.0146 TL as of now. It is 0.0011 dollars with the current exchange rate. Rise Token has lost 3% in the last 24 hours.
Advantages and Disadvantages
Advantages;
- RISE Token investors can lock their holdings with the help of asset pools over the EverRise network and earn a good amount of passive income at the end of a certain maturity.
- If smart contracts lose their advantage after a certain period of time, they can be canceled according to the result of voting on the network.
- Cross-border transfers and exchanges between wallets with RISE Token are approved within one minute.
Disadvantages;
- EverRise (RISE) Token has limited access because it is traded on only three cryptocurrency exchanges.
- RISE Token charges higher commission fees from its investors compared to other cryptocurrencies. The commission fee charged per transaction is 11%.
- 6% of the commission fee received from investors is transferred to Kraken for buyback.
- Investors state that high commission fees are a serious disadvantage. Investors who received only 2% of the awards expressed their complaints about the project, saying that there is a very serious difference between the awards and the awards given.
- EverRise (RISE) Token offers its investors the opportunity to staking from a pool of crypto assets. In addition, it is a cryptocurrency with fast transactions.
