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Everus
Everus is a cryptocurrency project that was designed to provide blockchain-based financial ecosystem. The project was founded by Srinivas Oddati in 2015 and is maintained by the Malaysian company called Everus Technologies.
Contents
History
In 2015 the idea of a digital financial and commercial ecosystem was born. Experiments were done to test possible market adoption strategies to populate the ecosystem with users. Users were assigned e-wallets and allocated tokens based on their respective contributions. However, the usability of these tokens were limited to transfers between users and required more features to be a viable alternative to fiat currency. In 2016, a chat function was introduced to add value to the wallet and boarding of merchants began. Integration with several Payment Service Providers (PSPs) opened doors to bill payments, top-ups and consumer networks. With a 5% margin provided by the merchants and PSPs, discounts were given to the users instead of being retained as profits. Naturally the user base grew, leading to increasing downloads, transactions, mobile top-ups and purchases. Even without advertising, the popularity of this app grew steadily across borders, travelling by word of mouth into unexpected regions as more and more people took advantage of the discounts. With a substantial active user base and the rise of blockchain technology and its characteristics, a decision was made to phase out the prototype/pilot program and begin building a similar, but more secure and decentralized financial and commercial ecosystem with the help of blockchain experts. The difference of this new ecosystem was that it would be built on a blockchain architecture, and its tokens would be in the form of cryptocurrency.
Everus Description
The Everus platform is mostly dedicated to provide a rather classic commercial functionality. The platform allows its users to perform free transactions when the payment is going to the company’s partners. It simultaneously helps both users and merchants to establish effective trading relationships. Besides customer-merchant payments, Everus offers bill payments and mobile top-ups via QR code.
Everus also offers its API to include it as an in-built payment platform within third-party developed decentralized applications.
The Everus project is a blockchain project, but is not only working in the cryptocurrency sphere. The project is largely dedicated to be a service within the traditional market relationships. The project aims to be implemented in the healthcare, telecommunication, retail, big data, finance and education education industries.
Token
The Everus token was introduced in October, 2017. Everus is a ERC-20 based token, built with the Ethereum technologies.
Everus (EVR) price and market performance online via CoinMarketCap:
Mining
The Everus token is not minable.
Wallet
Everus wallet is a multi-currency wallet that offer secure and convenient exchange of such cryptocurrencies as Bitcoin, Ethereum, Litecoin, Ripple, Dash and Zcash. It provides in-built conversion of the cryptos, bill payment and QR-based payments.
Exchanges
At the time of writing this article, the Everus token is traded on the C-Cex cryptocurrency exchange.
Roadmap
| Date | Project | Description | Status |
|---|---|---|---|
| 2016 | Research & Development | The initial foundations were laid down for Everus and the project began its market research & development phases. | Completed |
| 2016 | Prototype | Successfully launched prototype of Everus wallet available to public, achieving 10,000 registrations within the first few months. | Completed |
| Q3 2017 | EVR token & Everus Wallet | Official launch of the EVR token to the public as a EVR/BTC pairing, listed on 3 cryptocurrency exchanges. Successfully achieved over 50,000 registrations during campaign. | Completed |
| Q2 2018 | Everus Mobile App | Available for both Android & IOS users, the Everus App was launched to provide users with a faster and more secure way to access their Everus wallet. | Completed |
| Q4 2018 | PSIGEN A.I. Trading Bot | Accessed via the Everus wallet, PSIGEN provides Everus users the ability to join 100% “risk free” trading packages allowing them to utilise their crypto assets to generate a passive income. | Completed |
| Q4 2018 | Trullion-e (Tru-e) Token | Cryptocurrency token backed by 100% physical gold assets and matched 1:1 against the market value of gold. Providing a stable digital currency for use as a store of value and trading medium. | Completed |
| Q1 2019 | EverusPay | Multi-crypto payment gateway providing users with the ability to pay or transact with online merchants using a variety of cryptocurrencies via a single wallet, opening up a world of convenience. | |
| Q2 2019 | Everus Finance | Lending platform aims to offer microloans that are both affordable and accessible to the unbanked, as well as generating steady returns for lenders and investors. | |
| Q4 2019 | Everus Remit | Leveraging on blockchain technology to communicate with currency exchanges worldwide, Global Remittance enables the delivery of fiat currency to the doorstep of the beneficiary. |
