EverRise
Crypto Overview
Overview
EverRise is a blockchain technology company that provides smart contract security services and an ecosystem of decentralized applications. The project launched in June 2021 and has since developed multiple security-focused DeFi products.
Intended Utility
The primary purpose of RISE token is to power the EverRise ecosystem of security products and services. These include EverOwn (contract renouncement solution), EverLock (liquidity and token locking), EverSwap (secure token swapping), EverBridge (cross-chain bridge), and EverWallet (secure multi-chain wallet).
Actual Utility
The token is actively used within the ecosystem for accessing services, staking, and governance. On-chain data shows consistent usage of EverRise's security products by other blockchain projects. The development team maintains regular updates and improvements to the ecosystem.
Token Distribution and Governance
The token distribution includes vesting periods for team allocations. The project implements a staking mechanism where holders can lock their tokens for various periods, receiving rewards from transaction fees. The team has maintained transparency in development and operations.
Technology and Revenue Model
EverRise's revenue model is based on fees from security services and DeFi products. The staking mechanism does not involve traditional interest but rather a share of transaction fees, which is permissible from an Islamic finance perspective.
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.