Everscale
Crypto Overview
Project Overview
Everscale (formerly known as Free TON) is a layer-1 blockchain platform that evolved from the Telegram Open Network (TON) architecture. It implements a unique Dynamic Sharding Protocol that allows for theoretically unlimited scalability and high transaction throughput.
Intended Utility
The primary purpose of EVER is to serve as the native token for the Everscale network, used for transaction fees, staking in the Proof-of-Stake consensus mechanism, and governance. The platform aims to support decentralized applications, smart contracts, and cross-chain interoperability.
Actual Utility Assessment
The network demonstrates genuine technological utility through its operational DeFi ecosystem, including Bridge, FlatQube DEX, and various dApps. Developer activity is consistently high, with regular GitHub commits and protocol improvements. The platform has achieved notable partnerships, including integration with major crypto exchanges and blockchain projects.
Token Distribution and Governance
Everscale's token distribution shows a relatively balanced allocation, with no single entity controlling a majority of tokens. The project implemented a merit-based token distribution system where tokens were initially distributed to active community members and developers who contributed to the network's development. There are transparent vesting schedules for team allocations.
Development vs Marketing
The project demonstrates a strong focus on technical development, with regular updates and improvements to the protocol. Marketing efforts appear proportional and focused on ecosystem growth rather than token price speculation.
Revenue Model
The platform generates revenue through transaction fees and validator rewards, which are distributed to network participants without involving interest-bearing mechanisms. The economic model is based on network security and service provision rather than lending or interest generation.
Crypto Impact
To assign a comfort level investing in Everscale 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 Everscale.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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