EverValue Coin (EVA) is a forward-thinking, deflationary digital currency operating on the Arbitrum One blockchain. It's crafted to consistently gain value in comparison to Bitcoin (BTC) through its distinct economic framework. The heart of EVA’s system is the Burn Vault, a smart contract that has been reviewed by Hacken (https://hacken.io/audits/evervalue-coin). This vault holds wBTC (wrapped Bitcoin) acquired from Bitcoin mining and the sale of tokens. As more BTC is placed into the Burn Vault, the support for each EVA token strengthens. Since no new EVA tokens can be created, the worth of EVA in terms of BTC is set to increase with time.
What is the Mechanism Behind the Burn Vault?
The Burn Vault is essential to the rising value of EVA, as it contains wBTC backing every EVA token. Investors who opt to burn their EVA have the ability to withdraw the equivalent wBTC at what is called the Burn Price, calculated as wBTC in the Burn Vault divided by EVA in circulation. Every burn action lowers the overall EVA supply while maintaining the constant ratio of wBTC to EVA, meaning the burn price will only go up.
The Burn Vault's assets increase daily as newly mined Bitcoins are regularly deposited. Moreover, the EverValue project team conducts programmed token burns, which are crucial. While user-initiated token burns lead to wBTC being taken out from the Burn Vault, the scheduled burns by the administrators do not result in any wBTC withdrawal, ensuring the burn price rises automatically and boosts the worth of the remaining EVA tokens.
How Can You Buy EverValue Coin (EVA)?
You can buy EverValue Coin (EVA) directly via its official app at https://www.app.evervaluecoin.com, or through decentralized exchanges (DEX) like Uniswap. In addition, EVA is gradually becoming available on centralized exchanges (CEX) such as XT.com, with plans for listings on other significant platforms currently underway.
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