Hello steem crypto enthusiasts, we will continue on our series,sure you did enjoyed our series thus far.On Series 4 our focus is another coin blockbuster-EVEREX set to revolutionize and shake the global micro credit,loan banking system eliminating cross-border transactions, bringing the world closer together,via swift, remittances and peer-to-peer micro-lending
Everex has stood out among its peers using blockchain for cross-border remittance and payments services. With confirmation times under one minute, and more sophisticated use-cases beyond lightweight finance, the nearly 40% of the world population outside of the banking system needs an easy-to-understand, familiar feeling blockchain application
EVEREX (EVX) - THE GENESIS
Building applications on Ethereum since early 2015, Everex’s vision of serving the underbanked and unbanked worldwide has moved to a new phase. It starts with an exciting opportunity for token purchasers interested in a simple yet sophisticated approach to Ethereum technology.Using technologies like Chainy, Cryptocash, Ethplorer, and Everex Wallet.
Everex is a new Ethereum based ICO company in the banking space,poised to bring banking services to over 2 billion people who do not have a bank account. Everex gives those people access to a mobile based Everex wallet that essentially serves as a bank account with all of the related services but with no fees for exchanging money.People can use the wallet to get micro-loans, and micro financing at rates that are affordable. And it's all backed by actual cryptocurrency.Isnt it amazing?
FOUNDERS - BRAINCHILD
Alexi Lane, CEO & Founder –
Fintech entrepreneur, investor and executive with over 15 years of experience in capital markets, financial services, and payments - including high risk load online billing systems. 2 years in blockchain development. Previously worked in Morgan Stanley and Wealth Strategies Group.
Alexander Kakunov, CTO, Co-founder –
He has more than 15 years of experience building enterprise level software. Systems Architect and Product Manager, for high-load online Services. In the last 3 years, Alex has focused on the development of Blockchain applications and product development.
EVEREX TOKEN - ICO
The EVX pre-sale ended July 8 ,a 48 hour window period with a 20% bonus. Accepted payment methods are ETH and BTC
Full fledged Everex token ICO sale is live,it started on the 24 July -31 August 2017.It was offered in 5 price tiers,and will be closed as soon as 70,000 Eth is raised.EVX token has 5 price tiers offered so far
Tier 1, started on July 24
1 Ether bought you 250 EVX
Tier 2, starting on July 27, at 09:00 am GMT
1 Ether bought 225 EVX
Tier 3, starting on August 3, at 09:00 am GMT
1 Ether gives 200 EVX
Tier 4, starting on August 10, at 09:00 am GMT
1 Ether gulped 190 EVX
Tier 5 staring on August 17, at 09:00 am GMT
1 Ether gives 180 EVX
The sale period ends on August 31
VANTAGE FEATURES
EASE OF CASH TRANSFER
A huge issue in the massively outdated banking space is actually moving money around from person to person, or even to yourself. The burden cum frustration and hassle on the long wait is extremely annoying, just to access your money. Blockchain technology, cryptocurrency and startups like Everex begin to solve these problems where you don't have a centralized power preventing you from accessing your own money.
NO TRANSFER FEES
Many people, especially migrant workers, want a way to send money back home. The problem is that the fees are outrageous and make it grossly unaffordable for the people that need it most. Everex allows you to send it fee free as well as exchange currency anywhere in the world without the astronomical percentage based pricing structures.Banks charge as high as 24% or even more to exchange currency and move it from one country to another.
ETHEREUM BACKED CREDIT-LOAN SYSTEM
Another pretty cool feature of Everex is cryptocurrency backed micro-loans and micro-credit. These are all 100% backed by Ethereum and Ethereum based cryptocurrencies. This concept disrupts the credit system and allows lending to happen all based and backed on cryptocurrency.
day.
IMMEDIATE CREDIT ON DEMAND
EVX token fulfills a multitude of utility functions on the Everex remittance and microcredit platform.Proof of EVX ownership guarantees advanced access features, to immediate credit demand
CREDIT WITH NO BARRIERS
The its global scoring system, accumulation of EVX will allow low credit rated individuals and small businesses to improve their credit score regardless of their location. Analyzed wth machine learning financial activity and personal data of the user makes scoring more accurate.
CREDIT MORALE BOOST INCENTIVES AND REWARDS
Consistent and honest users who pay their loans back in time will be rewarded with an EVX bonus, adding to a credit scoring, while late payments will entail an EVX levy, reducing one. Having friends and relatives to vouch for the borrower will bring rewards to the co-signers as well.
EVX AS COLLATERAL FOR FURTHER LENDING
EVX will be accepted as collateral, enabling borrowers to access credit at lower interest rates .
EVX TOKEN HOLDERS GET ACCESS TO FREE TOKENS
Everex buy back purchase system of EVX at market price from EVX holders through the reverse ICO,will be distributed among the community for free as a means of user acquisition.
COMPETITION
Everex ICO is in competition with another coin OmiseGo which has current market valuation of $700 million. OmiseGo raised $60 million within minutes of Pre-ICO launch. OmiseGo listed in July and within a month, it is up by 1200%..To me this is not a concern but a healthy and needed competion from both projects afterall the market is large enough for both projects to thrive
I would not consider it for buying making money in short term, but invest only if you have a long term view. The long term potential looks good.
Further Resource -
Website: https://www.everex.io/
Whitepaper: https://daks2k3a4ib2z.cloudfront.net/59157962bdb4300afa8771a9/5963c09d077a520b5a965208_20170710_EVX_WP.pdf
Everex youtube channel: https://www.youtube.com/channel/UC0IYiy2fu66fGBk3MzUlgaQ
Finally your comments,suggestions and analysis are always welcome,If you missed my previous series here are the links -
SERIES 1 - https://steemit.com/cryptocurrency/@detycoon/the-crypto-n-you-series-1-eos-an-x-ray
SERIES 2 - https://steemit.com/neo/@detycoon/the-crypto-n-you-series-2-neo-china-s-battle-axe
SERIES 3 - https://steemit.com/socialcoin/@detycoon/the-crypto-n-you-series-3-nexus-social-rivals-steemit
