XT Exchange Lists EverValue Coin (EVAL) Token
The XT exchange has listed EverValue Coin (EVAL), and the EVAL/USDT trading pair is available in the Main Zone. While trading is already available for the pair, deposit, and withdrawal will be available on October 12.
EverValue Coin (EVAL) is a revolutionary cryptocurrency that can be used as a long-term holding alternative to Bitcoin. Fully backed by Bitcoin, EVAL has a maximum supply of 21 million coins, just like Bitcoin.
The asset has built-in scarcity and a zero inflation rate, making it a great choice for long-term holders. However, EVAL operates a deflationary mechanism via a smart contract wallet, unlike Bitcoin.
New Bitcoin (wBTC) is deposited daily but can only be withdrawn by burning EVAL tokens. This increases the tokens value with its Bitcoin backing, which also increases daily. By burning EVAL to unlock profits and a programmed systematic token burn, the system supports continuous growth in value for EVAL.
All Bitcoin deposits in the Burn Vault (EVAs liquidity reserve) come from mining operations and token sales.
The Burn Mechanism
EVA Group intends to burn 3 million tokens and return the withdrawn wBTC to the Burn Vault during the first year to ensure a stable and appreciating asset base. As new Bitcoins are added to the vault daily, the price of EVAL is guaranteed to increase constantly.
The entire burn mechanism is highly secure, with EVALs smart contract audited by Hacken, an auditing firm. The codes are also publicly available, allowing transparency for all users.
A New Opportunity
EVAL listing on the XT exchange creates a valuable opportunity for the EverValue Coin project and its community. EVAL now has a wider user base comprising traders and crypto enthusiasts, which is a great way to boost liquidity and foster growth.
XT exchange users can also access innovative, Bitcoin-backed solutions led by EVA. This will potentially advance the integration of smart contracts and deflationary assets. Commenting on the listing, the CEO of XT Exchange, Albin Warin, said:
We are thrilled to welcome EverValue Coin to our platform. EVAs unique model of combining Bitcoin backing with smart contract functionality aligns perfectly with our mission to support forward-thinking and impactful projects. We believe this listing will provide tremendous value to our users and contribute to the evolution of decentralized finance.
The platform serves more than 7.8 million registered users, has over 1 million monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. It offers different trading types, including crypto futures trading, copy trading, and futures grid trading.
Website: https://evervaluecoin.com
Blockchain Explorer: https://arbiscan.io/token/0x45d9831d8751b2325f3dbf48db748723726e1c8c
Whitepaper: https://evervaluecoin.com/white-paper/
Twitter: https://twitter.com/evervaluecoin
Telegram: https://t.me/@EverValueCoin
Read more: https://zycrypto.com/xt-exchange-lists-evervalue-coin-eval-token/
Text source: ZyCrypto
