Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum

EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum

PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its first dApp EverOwn for Binance Smart Chain, EverRise is proud to announce they will launch EverBridge to both the Ethereum and Polygon blockchains on October 5th. With EverBridge, EverRise will make its revolutionary suite of dApps available to projects on both networks starting with EverOwn for Ethereum on October 5th, followed by EverOwn for Polygon on October 8th. This will expand the reach of EverRise’s security solutions and enable the $RISE token to be traded and utilized across all three networks.

“This is an exciting time for us to expand the EverRise Ecosystem and also introduce improvements to our project. This bridge allows us to take the dApps and blockchain solutions we have been building and make them more accessible to all developers on the Binance Smart Chain, Polygon, and Ethereum networks,” said Suresh Maddineni, EverRise CEO and Founder.

Keeping with the standard of being security pioneers in the DeFi space, EverRise is bringing a novel approach to the cross-chain bridge concept to protect $RISE holders. Typically tokens are minted and burned as they move between chains, but EverRise is creating new smart contracts and locking the supply within the bridge: allowing holders to transfer tokens on one chain to the bridge and receive tokens on another chain without paying a transaction tax beyond gas fees. This locking and unlocking mechanism on the bridge makes it impossible for hackers to exploit a mint function to mint an infinite number of tokens while keeping the circulating supply the same across the three different networks– effectively creating three different $RISE pairings with one circulating supply.

When EverRise launched on June 15, 2021, the project immediately became famous for being the first to introduce the concept of a strategic buyback to crypto and has been forked thousands of times. With EverBridge, EverRise will introduce separate Strategic Buyback Reserves and automatic buyback functions to each network. Like on BSC, the Ethereum and Polygon Strategic Buyback Reserves will be locked and only able to buy and burn $RISE tokens on the respective network and debut a new feature of the ability to swap the native coin in the reserves for a stable coin.

New trading pairs of RISE/ETH and RISE/MATIC will have their initial liquidity funded by EverRise and will be fair launched on October 5th, 2021 with no presale. Users will be able to trade the ETH backed pair on Uniswap and the MATIC backed pair on QuickSwap.

RISE/ETH – Tokenomics – 6% Tax

1% Rewards to Holders

2% Project Sustainability: Operations, Marketing, Development

3% Buyback Strategic Funds

RISE/MATIC – Tokenomics – 11% Tax (Same tax as Binance Smart Chain)

2% Rewards to Holders

3% Project Sustainability: Operations, Marketing, Development

6% Buyback Strategic Funds

EverRise will also be making EverBridge available to projects on the Binance Smart Chain, Ethereum, and Polygon looking to access the other blockchains without the hassle of developing their own bridge. Projects interested in utilizing EverBridge can contact the EverRise team at partnerships@everrise.com

 

About EverRise

A blockchain technology start-up committed to bringing security solutions to the DeFi space through an ecosystem of decentralized applications (dApps). EverRise was the first token to bring the buyback to cryptocurrency with the novel function that purchases tokens from the open market and immediately burns them. $RISE tokens are required to utilize their dApps, with EverOwn released in September and more coming soon. EverRise aims to bring additional levels of trust, safety, and security to Binance Smart Chain, Ethereum, and Polygon space.

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more