Introducing: EverBridge
EverRise announced that they had completed construction on their bridge to Ethereum, and on October 5th, 2021 they will be launching EverBridge to both the Ethereum and Polygon networks.
In addition, EverOwn will become available to Ethereum based projects on October 5th and Polygon projects on October 8th.
The Creation of RISE/ETH and RISE/MATIC Pairs
Usually, when a bridge is created tokens are minted and burned as they transfer back and forth. EverBridge is an exception. The only time that tokens will be minted is when the contract is initially created, after the initial mint the contract will not be able to mint any more tokens. This is a security measure they are taking to protect $RISE holders. If EverBridge ever becomes compromised to a hack or exploit, the hacker will not be able to infinitely mint new tokens.
Instead, They will be creating completely new smart contracts for Ethereum and Polygon and will be minting 1 quadrillion tokens for each contract. Immediately after tokens are minted, they will be moved over to their respective bridges and locked. This allows them to keep the supply the same across Binance Smart Chain, Ethereum, and Polygon.
RISE/ETH – Tokenomics – 6% Tax
1% Rewards to Holders
2% Project Sustainability: Operations, Marketing, Development
3% Buyback Strategic Funds
RISE/MATIC – Tokenomics – 11% Tax (Same tax as Binance Smart Chain)
2% Rewards to Holders
3% Project Sustainability: Operations, Marketing, Development
6% Buyback Strategic Funds
The launch of both the RISE/ETH and RISE/MATIC pairs will be fair launched. There will be no presales. EverRise will be providing the initial liquidity for both pairs and will be locking it immediately to EverOwn.
To know more about Everbridge read here.
About Everise
The EverRise Team is made up of crypto enthusiasts with diverse backgrounds who share a belief that the DeFi space can be better.
At EverRise they believe investors, whether large or small, should have peace of mind about their investments. They value security and integrity.
EverRise created Ecosystem to provide the tools the space needs to self-regulate to provide the assurance required for DeFi to reach its full potential.
SOURCE: https://www.everrise.com/post/introducing-everbridge
