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Cryptocurrency News Articles
The EverValue Coin (EVA) Allows Investors to Profit from Bitcoin Mining Rewards without Incurring Additional Costs
Oct 24, 2024 at 12:00 am
The EverValue Coin presale, which began on September 23, raised more than 75 BTC in the first week, surpassing the initial goal of 35 BTC.
In recent years, the cryptocurrency industry has seen rapid growth, with Bitcoin (BTC) serving as the primary digital asset. However, many investors face challenges when trying to increase their Bitcoin holdings, especially when they need to trust third parties, lock their assets, or accept low returns.
The EverValue Coin (EVA) offers an innovative solution, allowing users to make their Bitcoin work for them, keeping the asset in their own custody while guaranteeing a minimum and growing price in BTC. Additionally, EVA is significantly more profitable compared to other projects.
What is EVA?
The EverValue Coin allows investors to benefit from Bitcoin mining profits without incurring additional costs or facing complex regulatory processes. However, the initial value paid for EVA may be higher than the burn price. Over time, as the burn price increases and exceeds the amount paid, the investor starts profiting in BTC terms. In dollar terms, profit can occur right after purchase, depending on Bitcoin’s appreciation.
EVA Coin achieves success in presale and listings
The EverValue Coin presale, which began on September 23, raised more than 75 BTC in the first week, surpassing the initial goal of 35 BTC.
This strong community support reflects the high level of interest in EverValue’s approach, which combines Bitcoin-backed stability with long-term profitability. Furthermore, the project already holds more than 102 wBTC in the Burn Vault, further strengthening the token’s backing.
Another major milestone was raising around 120,000 USDT on the XT Launchpad, selling over 313,000 EVA tokens in just one hour. EVA is also listed on CoinMarketCap, and additional CEX listings are expected soon, further increasing the token’s visibility and accessibility.
EVA Tokenomics
The EverValue Coin is backed by a smart contract that holds tokenized Bitcoin (wBTC), ensuring liquidity and transparency.
Supply Control Mechanisms
The token burn mechanism ensures a decreasing supply, which puts upward pressure on EVA’s value. When an investor burns their tokens, they withdraw a proportional amount of wBTC from the Burn Vault based on the burn price. The burn price remains unchanged, as the amount of wBTC withdrawn is proportional to the EVA tokens burned.
However, when the project itself burns tokens without withdrawing wBTC from the Burn Vault, the burn price increases automatically, as the number of circulating tokens decreases while the wBTC backing remains the same. Throughout the first year, the project will burn 3 million tokens, with the second burn of 250,000 EVA scheduled for October 23.
Long-term Growth and Bitcoin Appreciation
The Burn Vault mechanism directly contributes to EVA’s long-term appreciation by continuously accumulating wBTC through mining rewards, while the number of EVA tokens in circulation decreases due to burns. The burn price is calculated by dividing the total amount of wBTC in the Burn Vault by the total EVA supply. As the token supply shrinks without reducing the wBTC backing, the value of each remaining EVA token increases, benefiting long-term holders.
This deflationary dynamic ensures that the burn price—and therefore the value of EVA—is always on an upward trajectory.
Conclusion
The EverValue Coin was designed to provide Bitcoin investors with a safer and more transparent way to grow their BTC holdings, keeping their assets in their custody while guaranteeing a minimum and growing price in BTC over time.
For more information and updates, visit EverValue’s website and follow EverValue on Twitter and Telegram.
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