After a busy start to the year, we are excited to announce the Everex roadmap for 2018. The team at Everex has been working persistently to launch exciting news and hope to have a lot more to come in the near future. The progress for Q1 is in full swing and below is our extended roadmap.
Partnerships development
Currently we are working hard to build our B2B partnerships. As we are seeing more and more interest in Everex’s financial inclusion objectives, we believe that having a strong partnership network amongst big business names across the globe will push Everex into greater heights.
At Everex, we have a vision in which partnerships play a significant role for the benefits of all the parties involved. We aim to partner with financial institutions and corporates which will enable us to tokenize currencies and create the pool of tokencash required for to achieve the goal of financial inclusion to the masses. Another vertical of the partnership lies within the FX space. Partnering with FX houses allows Everex to tokenize currencies and to sell or exchange those at the prevailing market prices, while managing FX risk via our partners. By doing so, we foresee a future where cross border transfers and payments are executed instantly, at no cost and with no bank accounts. This will result in fruitful partnerships across continents, the details of which will be released to the community soon.
Along with the partnerships, we are also currently working on a regulatory framework in collaboration with international legal partners. Everex is currently evaluating various regulatory routes. On one hand, applying for a license directly would imply long and arduous procedures which involves a lot of time and resources, whereas on the other hand, collaborating with a strategic partner would enable Everex to move without the need for a regulatory license in order to conduct operations.
In addition, we also plan to launch our first pilot in Q1 with the goal to become the preferred FinTech house in Asia.
As a testament to the future of Everex, ETHLend, a decentralized peer to peer lending platform on the Ethereum Blockchain, has selected EVX to be used as collateral based on the token’s track record of trading, multiple exchange listings and the ability for the lender to realize the tokens in a liquid secondary market. This enables EVX holders the possibility to unlock instant liquidity of their tokens through the ETHLend platform without having to sell their tokens.
Marketing focus
We are currently growing the Marketing team and finalising our marketing strategies. One of the main activities in the first quarter will be a strong focus on marketing and communication which will grow our visibility. Currently, we are collaborating with a digital design agency based in Europe to assist and deliver an updated version of our website which would include a series of explanatory animated videos.
For 2018, we plan to further develop our overall brand strategy too.
Product Development
By the end of Q2, Everex aims to introduce the White Label Program where Everex serves as a platform for other service providers to use to build a truly financially inclusive ecosystem. With the White Label Program, the product line of Everex will see a revamp with backend infrastructure updates of Ethplorer and Everex’s e-wallet. Our dev team has recently improved the speed of Ethplorer resulting in a significant increase in traffic. New features to the top 50 tokens will also be released soon.
In parallel, the dev team is working on strengthening the wallet’s backend infrastructure making it more robust for an increase in the number of future transactions and users. In order to reinforce the dev team and contribute to ongoing wallet projects, we are hiring developers to join Everex too.
What’s next?
In Q3, we plan to introduce additional corridors, with the growing presence of Everex across different geographies reaffirming our strong vision.
The last quarter of the year will be rounded off with the introduction of multi asset functionality in the Cash app into the market. The Everex Wallet can drive financial inclusion across the channels by providing a safe, secure, nearly-instant and a nearly-free innovative mode of payment and transfer.
The Cash app will also support cross border payments for individuals and SMEs across the South East Asian region, which is one of the fastest growing economic blocs in the world. A solution like Everex would accelerate the way business gets done across the region. We will also promote the merchant payment network which will let merchants across Everex operated countries receive and make payments instantly.
Here at Everex, we strive to meet the expectations of the community. Currently, the development team is hard at work in increasing the stability, safety and security of our product by working on the back-end infrastructure. We feel that low level constant product updates are not necessitated as the world of blockchain and FinTech is evolving at a rapid pace. This also holds true to the roadmap as Everex plans may also evolve. The roadmap is a broad set of directions that we intend to follow but is always open for betterment and embellishment as we see fit.
With a lot of new developments to come, Everex is on the right path to achieve the goal of becoming one of the leading FinTech companies promoting financial inclusion through a cutting-edge technology.
We would like to thank the community for the patience, the understanding and the constant support. We are working relentlessly to achieve our mission of an Everex powered blockchain financial inclusion landscape across the globe.