Evercash: Hold To Earn.
Web 3.0 projects have been flourishing for the past 2 years with the major focus being that on DEFI. DEFI alone crossed the all-time high of its market size being $120 billion. While crypto markets reach their total market cap of $3.04 trillion. Besides these absconding numbers, the utility of these assets and these projects is what is pulling the investors to invest in these.
EveryCash is one of such decentralized products which is trying to enter the market with a unique investing-reward strategy that is one of kind. Evercash is a hyper-deflationary token built on the Binance Smart Chain network. Binance smart chain network was chosen since all of its smart contracts are integrated with Chainlink.
By integrating Chainlink, Binance Smart Chain can now support a robust ecosystem of externally connected DeFi applications, as well as numerous other smart contract verticals such as gaming, insurance, and supply chain management. Chainlink oracles are accessible on Binance Smart Chain without any dependencies on Ethereum. With this kind of compatibility, it will be easier for EverCash to implement all the planned utilities which are talked about ahead.
What Is The Problem?
The core problem is the mentality of some investors, which is to invest in some industry just cause of the trends and not the fundamental principles of it. Cryptocurrency, DEFI, NFTs have been soaring the past couple of years, which also make believed web 3.0 projects as quick money-minting instruments.
This leads to blind investments in the project, where investors/creators are not genuine. The whole aim of these scamming projects is to market it to a full extent, get people to invest, and then dump all their holdings to keep maximum profit to themselves, while retail investors suffer.
In the year 2021, the DEFI industry lost $10 billion to fraud and theft. Even Mark-Cuban, the billionaire investor lost his money to such trades when his token of choice crashed to zero one day. So investment with thorough research is essential.
Evercash And Its Solution:
The common thing with these schemes is that none of them had utility associated with them. They had no application in this world of web 3.0. Evercash, when it debuts will have functional utility as well, which will act as a deterrent to garner investors' trust and demonstrate the capability to deliver on their promises. This also brings in new investors for the project.
Evercash for now is listing 2 of its projects and thus proves its utility.
Ø Evercash Peer To Peer Marketplace
Evercash will have its sown marketplace built on the ecosystem which will be powered by its ECash Wallet. The best thing of which is that it will work without any bank account and hence will be truly decentralized in nature. It will contain different types of payment methods to choose from, making it easy for users to move money the way they like.
Ø Evercash Ecash Wallet:
It is the perfect wallet that will accompany the investors on their journey. It is a non-custodial wallet and will never impose a KYC request, which can be debated as a security concern. The wallet will be protected with a 12-word seed phrase. The funds will be fully recoverable in case of device loss.
Roadmap Of Evercash:
Quarter 1 of 2022
The conceptualization of the project was in the year of 2021 Q4, and in Q1 of 2022, the project is initiated. Q1 of 2022 is majorly focused on creating socials for the projects. This involves website creation, Twitter account, Telegram profile, Instagram, Facebook initial marketing, presale marketing, etc. This will also involve private sales and PCS of the project.
Quarter 2 of 2022:
This quarter, the major focus will be on the campaign through Telegram, Twitter, press releases, Youtube campaign, conducting polls for the project, and applying for featuring in CoinGecko and Coinmarkecap.
Quarter 3 of 2022:
This phase will focus on further expansion in both the community and the team. This will be assisted with more promotion conducted after phase 2 of the project. The marketing will be carried out to big-time influencers and through social media accounts. This phase will also the advent of the new website, new wallet features, and also the new P2P marketplace.
Tokenomics Of Evercash:
This unique tokenomics should also bring relief in the minds of the investors due to its buyback and burn strategy. This ensures that the value of the token will rise eventually which will end up making more and more money for the investors which have invested in this project.
10% of all the transaction cost is utilized by the project as a reward for the Evercash community. 8 % of these rewards are directly used to buy back and burn the wallet. Evercash has placed an 8% buyback tax to counter any dump that might happen. This secures small-time investors from the volatility that big institutes do. The remaining 2% is divided into liquidity pools and marketing and development wallet equally.
One of the filters necessary to check the legitimacy of a project is the founding year and the team which is building the project. Evercash has been built by very successful developers which have been working in this industry and thus have a good experience. The project was conceptualized in 2021 in Q4, however, full-scale development started in 2022.
The project is supported by very efficient and skilled personnel who are aware of this space through and through. The team members have already doxed to Pinksale which further ensures the legitimacy of the project. Being doxed to Pinksale means that the website has access to team members' passport IDs. They will be released to the public if the project turns out to be a rug/scam. The contract is fully audited, SAFU and Pinksale KYCed. So there is absolutely nothing to worry about.