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EverValue Coin (EVA) is an innovative and deflationary cryptocurrency running on the Arbitrum One network. It is designed to offer continuous appreciation against Bitcoin (BTC) through its unique economic model. The core mechanism behind EVA is the Burn Vault, a smart contract audited by Hacken (https://hacken.io/audits/evervalue-coin), which stores wBTC (wrappedBitcoin) from Bitcoin mining and token sales. As new BTC is added to the Burn Vault, the backing of each EVA increases, and with no additional token issuance possible, the EVA token’s value in BTC is predestined to rise over time.
How Does the Burn Vault Work?
At the center of EVA's value appreciation is the Burn Vault, which holds wBTC backing each EVA token. Investors who choose to burn their EVA can withdraw the corresponding wBTC at the Burn Price (wBTC in Burn Vault / EVA in circulation). Each burn reduces the total EVA supply while keeping the wBTC/EVA ratio unchanged, ensuring that the burn price only increases.
The Burn Vault grows daily, as newly mined Bitcoin is consistently added to its balance. Programmed token burns executed by the EverValue project administration also play a key role: while regular token burns by users result in withdrawals from the Burn Vault, scheduled burns conducted by the administration do not withdraw any wBTC from the vault, ensuring that the burn price automatically increases, further enhancing the value of the remaining tokens.
Where Can EverValue Coin (EVA) Be Purchased?
EverValue Coin (EVA) can be purchased through its official application at https://www.app.evervaluecoin.com, as well as on decentralized exchanges (DEX) like Uniswap. Additionally, EVA is being progressively listed on centralized exchanges (CEX), including XT.com, with further listings on other major platforms already in progress.
Key Features of EverValue Coin (EVA)
Store of Value: EVA is designed to appreciate against BTC by increasing the BTC backing per token over time.
Deflationary Mechanism: Through token burns, the total supply of EVA decreases, ensuring that remaining tokens hold an increasing amount of wBTC backing.
BTC-Backed Asset: EVA is backed by continuously increasing BTC from mining operations, ensuring long-term value for holders.
Whale-Proof Mechanism: EverValue's structure is inherently whale-proof, providing a guaranteed minimum price in Bitcoin (BTC) through the Burn Vault. Since each EVA token is backed by an increasing amount of BTC, large holders cannot manipulate or devalue the token's price. The burn price, which only rises over time, ensures that all investors benefit equally from the token’s appreciation and the project’s growth.
Arbitrage Advantage: When EVA token prices in liquidity pools fall below the Burn Vault price, investors can take advantage of an arbitrage opportunity by purchasing tokens at the lower price and burning them to redeem wBTC at the higher burn price. This not only offers profit potential for investors but also contributes to market efficiency by aligning liquidity pool prices with the Burn Vault value, ensuring a guaranteed minimum price for the token.
No Staking Required: Unlike many deflationary tokens, EVA does not require users to stake or lock their tokens to benefit from appreciation. Holders can keep their tokens securely in their wallets while the value increases automatically through the Burn Vault system.
Guaranteed Minimum Price in BTC
One of the key differentiators of EVA is its guaranteed minimum price in BTC. Due to the fixed issuance of 21 million EVA tokens and the continuous addition of Bitcoin into the Burn Vault, the value of EVA in BTC can only rise. This structure ensures that at some point, the burn price will exceed the original BTC value the investor used to buy EVA, incentivizing them to burn their tokens and exchange them for more wBTC than they originally invested.
This constant appreciation provides a safety net for investors, ensuring that EVA is predestined to rise in value against BTC. Unlike traditional speculative tokens, EVA offers a mathematically guaranteed increase in value over time, making it an attractive long-term store of value for Bitcoin holders.
The live EverValue Coin price today is $0.589184 USD with a 24-hour trading volume of $51,246.18 USD. We update our EVA to USD price in real-time. EverValue Coin is up 3.96% in the last 24 hours. The current CoinMarketCap ranking is #1179, with a live market cap of $8,465,809 USD. It has a circulating supply of 14,368,698 EVA coins and a max. supply of 21,000,000 EVA coins.