Everest price

ID

#1406

Everest was founded in May 2016 with the belief that without the fundamental elements of human exchange (value transfer), the economies of crypto and blockchain will not be able to grow.

Bob Reid is the co-founder and CEO of Everest. He received a BA in Political Science from the University of California, San Diego and an M.B.A. from Middlebury Institute of International Studies at Monterey. He has extensive experience in business development, was the General Manager of Licensing at BitTorrent, and VP of Strategy & Business Development at Neulion and DivX. Most recently, Bob was an advisor to Kai Labs, a blockchain-focused think tank & accelerator.

Bradley Witteman is the co-founder and CTO of Everest. He received a BA, M.B.A. and MA from the Middlebury Institute of International Studies at Monterey. He has almost 20 years of product management experience across various industries. Bradley was Senior Director of Product Management at BitTorrent, Chief Product Officer and founder of Moby Corp.

Everest is a next-generation blockchain platform that is projected to unite the end-user market and financial institutions into the DeFi, crypto and fiat future. Everest full vertical stack consists of a gateway node, which enables partners to quickly integrate Everest to their legacy platforms using their APIs. Everest also enables integrated KYC/AML on their platform through quick and inexpensive biometric ID. This combination of secure, mass-market biometrics and encryption allows Everest to complete identity creation and verification, compared to days needed by traditional financial institutions.

Everest’s compliance with regulatory requirements and ability to operate in legal jurisdictions is another major advantage. It’s patent-pending biometric identity, virtual onboarding and account creation, cross-border transfers are vertically integrated to meet the needs of financial institutions. Everest is bridging the DeFi world with the regulatory requirements of governments. With its VFA license, Everest is allowed to issue its own stablecoin and process payments of “programmable money” in most jurisdictions with a merchant account. Everest also complies with Europe’s GDPR and California’s CCPA data privacy law.

Everest has a vast number of partners and recognitions, including: Visa Everywhere Initiative 2020 – semi-finalist in two categories; Visa Fast Track 2020; Ethereum Foundation 2019 grant winner (eKYC); Inclusive FinTech 50 2019 winner; Oregon Enterprise Blockchain Venture Studio 2019 winner; New America, Blockchain Impact Ledger 2019; approved vendor list of United Nations and Asian Development Bank.

In July 2021, Everest partnered with Oracle Financial Services, a unit of Oracle Corp, with the aim of enhancing the bank's product offering across the world. Oracle is a software service utilized in retail and corporate banking and insurance services. This corporation will enable the verification of user’s credentials. Thus, it will provide a diverse scheme of mitigating money laundering activities as it will allow banks to scrutinize cryptocurrencies, cross-border and decentralized finance. Everest Chief Executive and co-founder Bob Reid says that their blockchain-based identity and verification is projected to enhance banking and financial software.

ID (ERC-20) is the native utility token of the Everest platform, enabling access to the identity network and exchange of value in the economy. Receiving payments is free on the Everest system, but users need to stake 1-100 IDs in their wallet to send payments. For larger users which require greater levels of data, complexity, visibility and targeting, higher amounts of ID tokens need to be staked (up to 250,000). For institutions, the amount of IDs staked depends on a tiered level of access and specific market use-case.

The total supply is capped at 800,000,000 ID. The distribution of tokens is as follows: 19% to strategic partners, advisors and consultants; 19% to team; 38% for staking and rewards; 12% to ecosystem development; 12% to reserves.

ID tokens are bought and held by stakers (users, custodians, financial institutions, businesses and more) and eAgents (Kyber, Aave), which grants them access to the network for a limited period of time. eAgents are staking partners who manage eTellers, who earn ID tokens by signing users up to Everest services. Holding and staking ID will give users lower transactions fees and additional rewards.

Everest (ID) is listed on several cryptocurrency exchanges, it cannot be bought directly for fiat money, but coins can be obtained by buying Bitcoin on any of the fiat currency exchangers for cryptocurrency, and then transferring it to the exchange where the ID token is presented. Among them: Uniswap (V2), Bitfinex, SushiSwap, Bilaxy, 1inch Exchange, Kyber Network, Bamboo Relay and KyberDMM.

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