EverRise
Crypto Overview
Purpose and Utility
EverRise is a blockchain technology company providing decentralized security solutions. Their main products include EverOwn (contract renunciation and management), EverLock (token/LP locking), EverBridge (cross-chain bridge), EverSwap (multi-chain DEX aggregator), and EverWallet (secure multi-chain wallet).
Business Model Analysis
The business model focuses on providing security infrastructure for the DeFi ecosystem. The RISE token serves as both a governance token and utility token, required for accessing various platform services. All identified use cases align with halal principles as they involve legitimate technology services with clear utility.
Platform Development and Activity
The project maintains active development with regular updates to their suite of security products. The team consistently delivers new features and improvements, demonstrating genuine commitment to building infrastructure.
Token Distribution and Founder Involvement
The token distribution includes vesting periods for team allocations, with transparent tokenomics. The team maintains active communication and development, showing long-term commitment rather than short-term profit focus.
Technology Assessment
The core technology focuses on security solutions and does not involve interest-bearing mechanisms or prohibited activities. The platform's services primarily facilitate secure blockchain operations and asset management.
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.