EverRise
Crypto Overview
Understanding the Intended Utility
EverRise is a blockchain technology company that provides security solutions and services across multiple chains. The project's primary utility revolves around its suite of dApps designed to enhance security in the DeFi space, including EverOwn (contract renunciation solution), EverLock (liquidity locking), EverSale (presale platform), and EverSwap (secure trading platform).
Business Model Analysis
The business model is based on providing legitimate security services to other blockchain projects, with the RISE token serving as the ecosystem's native currency and governance token. Users must stake RISE tokens to access premium features of the dApps, creating genuine utility. The revenue model is transparent and based on service fees rather than interest or prohibited activities.
Real-World Adoption
EverRise has demonstrated significant adoption with over 200 projects utilizing their security services. On-chain data shows active usage of their dApps, particularly EverOwn and EverLock. The project maintains partnerships with multiple blockchain networks including BSC, Ethereum, and Polygon.
Token Distribution and Governance
The token distribution shows a balanced approach with no excessive concentration among founders. There is a verifiable vesting schedule for team tokens, and the project demonstrates consistent development activity with regular updates and improvements to their security solutions.
Revenue Model Assessment
The project generates revenue through service fees from their security products, not through interest-bearing mechanisms or prohibited activities. The staking mechanism used is based on protocol security and service access rather than interest generation.
Crypto Impact
To assign a comfort level investing in EverRise from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to EverRise.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.