EVER Token (EVER) serves as the native asset for the Everscale blockchain. Everscale is a dynamically multithreaded, sharded blockchain that has the ability to scale up to one million transactions per second.

Everscale utilizes Proof-of-Stake (PoS) as its consensus mechanism and supports application development in various high-level programming languages like C, C++, and Solidity. Network participants can utilize EVER Tokens for paying transaction fees, bridging ecosystems, conducting swaps, staking, and voting on governance proposals.

Everscale (EVER) is a fast and secure layer-one blockchain that claims to be capable of handling millions of transactions per second. Everscale is based on the Telegram Open Network (TON) architecture. Amid the growing popularity of cryptocurrencies in late 2017, several traditional tech companies began exploring the space. The popular instant messaging service, Telegram, was one of them. It began developing the Telegram Open Network in 2018. Ultimately, TONs plan to launch in the fall of 2019 was cut short by regulators after the US Securities and Exchange Commission filed a lawsuit. In the spring of 2020, Pavel announced the closure of the project. However, in May 2020, several companies and teams used TONs off-the-shelf protocol to launch the main Free TON network. Among the founders are Simplex, Everstake, Forklog creator Anatoly Kaplan, Kuna exchange, and others. In November, the community decided to rebrand the project to Everscale. Everscale touts itself as the most scalable blockchain network. The scalable smart contract-based platform offers unique features such as sharding, dynamic multithreading, and low gas costs. Everscale is a blockchain network that aims to power a range of applications that require fast, secure and scalable transactions. The network uses a proof-of-stake (PoS) consensus mechanism that rewards participants for securing the network and reduces energy consumption. Everscale claims to be a fifth-generation blockchain network that incorporates the latest innovations and concepts in the field. It can support various types of blockchains and applications, such as gaming, finance, micro-payments and online advertising. The projects vision is to become a decentralized platform for high-performance applications with real-world relevance, and to foster an ecosystem of decentralized applications (dApps) such as exchanges, wallets, bridges and gaming platforms.

Everscale is the byproduct of a collaboration between several companies and teams who wanted to continue working on the Telegram Open Network. There are over 200 people working full-time on developing the network and its ecosystem. The project is constantly scouting for new projects and developer talents in an always-on mode through the Grants Programme and hackathons. In January 2023, the company raised $5 million in funding from Venom Ventures Fund to expand its engineering team and fund other ecosystem developments.

For developers, Everscale introduces unique features, such as its implementation of the Reliable External Messaging Protocol (REMP). This protocol allows Everscale to achieve a remarkable balance of scalability, speed, and security. Moreover, the platform employs a soft majority consensus as its decision-making mechanism, ensuring enhanced validation and coordination within the network. It also offers distributed programming and a governance model utilizing a Soft Majority Voting protocol. Everscale claims to be able to process 100k+ transactions per second, with sharding, dynamic multithreading, and low gas costs.

In Spring 2022, the community decided to adopt a new governance model – a decentralized autonomous organization (DAO) called Ever DAO. This has become the basis for voting on proposals within the ecosystem. All EVER token holders are eligible to vote on a 1 coin – 1 vote basis. To participate in governance, holders must first transfer their tokens to the DAOs websites wrapped analog of WEVER, which is then locked in a smart contract. Out of its total supply of 2,049,945,261 EVER tokens, 1,793,889,884 EVER were in circulation at the time of writing.

EVER is listed for trading on numerous cryptocurrency exchanges, including Huobi Global, Gate.io, BYDFi, and more. Want to keep track of EVER prices live? Download the CMC mobile app.