Everscale

About Everscale

Everscale is a cloud-native database platform that provides automatic scaling and monitoring capabilities for high-performance applications. It is designed to optimize database performance and reduce management overhead by automating tasks such as scaling, backup, and recovery. Everscale supports a variety of popular databases, including PostgreSQL, MySQL, and Oracle, and is offered as a fully managed service by Everscale's parent company, ScaleGrid. The platform is designed to be flexible and customizable, enabling developers to configure database settings to their specific needs.

About $EVER token

$EVER is the native cryptocurrency token of the Everscale platform, which is used to incentivize and reward users who contribute to the platform's growth and development. The $EVER token is an ERC-20 token on the Ethereum blockchain, and it can be used to pay for services within the Everscale ecosystem, including database hosting, scaling, and monitoring. Additionally, users can earn $EVER tokens by participating in Everscale's governance system, where they can vote on proposals and decisions related to the platform's development and operation. The $EVER token also serves as a means of value transfer and exchange within the Everscale community.

How to buy $EVER with a payment card

1. Enter the amount of $EVER and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $EVER wallet

You are given the option to enter your $EVER wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $EVER with a credit and debit card.

$EVER analytics

Market Position and Adoption: As of March 2023, EVER token has a market rank of #175 among cryptocurrencies, according to CoinMarketCap. The coin is listed on several popular cryptocurrency exchanges, including Binance, BitMart, and KuCoin, among others. With a market capitalization of $178,280,687 and a fully diluted market cap of $205,149,603, EVER has seen significant growth in adoption since its launch. Additionally, the coin has a 24-hour trading volume of $11,897,304, which indicates active trading activity among investors and traders.

Technology and Platform: EVER is an ERC-20 token on the Ethereum blockchain, which means it is built on one of the most widely used and popular blockchain platforms. The token is used to power the Everscale platform, which offers automatic scaling and monitoring for databases. The platform uses advanced technologies such as AI and machine learning to optimize database performance and reduce management overhead. The Everscale ecosystem is designed to be flexible and customizable, with support for a range of popular databases, including PostgreSQL, MySQL, and Oracle.

Team: The Everscale project is led by a team of experienced blockchain and database experts, including CEO and co-founder Rajesh Raju, CTO and co-founder Raghavendra Prasad, and VP of Engineering Shrikanth Dandoti. The team has a strong track record of building successful startups and has received funding from several prominent venture capital firms.

Competition: The database market is highly competitive, with several well-established players, including Amazon Web Services, Google Cloud, and Microsoft Azure. However, Everscale aims to differentiate itself by offering a fully managed, cloud-native platform that focuses on automatic scaling and monitoring. The platform is designed to be highly customizable, giving developers the flexibility to configure database settings to their specific needs.

Supply: As of March 2023, the circulating supply of EVER token is 1,737,330,406, with no maximum supply specified. The total supply of EVER token is 2,049,945,261. The token is designed to be deflationary, with a mechanism in place to reduce the supply of EVER over time, which could potentially increase the value of the token in the long term. However, investors should keep in mind that token supply dynamics can be complex and unpredictable, and there are many factors that can affect the price and value of EVER token.

$EVER risks

1. Market risk: The value of EVER token, like any other cryptocurrency, is subject to market fluctuations and volatility. The market for cryptocurrencies can be highly unpredictable and is influenced by a wide range of factors, including global economic conditions, government regulations, and investor sentiment. As a result, the value of EVER token could decrease significantly or even become worthless, depending on market conditions.

2. Technology risk: Everscale's platform is built on blockchain technology, which is still in the early stages of development and is subject to technological risks. For example, blockchain networks can be vulnerable to security breaches, hacking, and other cyber attacks. If the Everscale platform is compromised, it could result in a loss of investor funds and damage to the reputation of the project.

3. Competition risk: The database market is highly competitive, with several well-established players, including Amazon Web Services, Google Cloud, and Microsoft Azure. While Everscale aims to differentiate itself by offering a unique platform for automatic scaling and monitoring, there is no guarantee that the project will be able to gain a significant market share or remain competitive over the long term.

4. Regulatory risk: Cryptocurrencies and blockchain technology are still largely unregulated in many parts of the world. However, there is a risk that governments may introduce regulations that could impact the development and adoption of Everscale's platform. For example, regulations around the use of cryptocurrencies or data privacy laws could impact the ability of Everscale to operate in certain markets.

5. Liquidity risk: As with any cryptocurrency, the liquidity of EVER token could be impacted by a variety of factors, including changes in market conditions or investor sentiment. If there is a lack of demand for EVER token or limited trading volume on exchanges, it could be difficult for investors to buy or sell their tokens at a fair price. This could result in losses for investors who are unable to exit their positions in EVER token.

Potential market development triggers

Strategic partnerships: Everscale could form strategic partnerships with other companies or projects in the blockchain and cloud computing industries to expand its reach and adoption. For example, partnerships with major cloud providers like Amazon Web Services or Microsoft Azure could help to promote the use of Everscale's platform and increase demand for EVER token.

Adoption by enterprise customers: Everscale's platform is designed to meet the needs of enterprise customers who require reliable and scalable database solutions. If the project is successful in attracting large enterprise customers, it could help to validate the technology and increase demand for EVER token.

Expansion into new markets: Everscale could expand its platform into new markets, such as Asia or Europe, to tap into new customer bases and increase adoption. As the project gains more visibility and recognition, it could help to increase demand for EVER token.

New product or feature releases: Everscale could continue to release new products or features that enhance the functionality and usability of its platform. For example, the project could develop new integrations with popular programming languages or add support for new database types. These updates could help to attract new users and increase demand for EVER token.

Increased marketing and PR efforts: Everscale could increase its marketing and PR efforts to raise awareness of its platform and the benefits of using EVER token. This could include attending industry events, publishing thought leadership content, and engaging with potential customers on social media. Increased visibility and awareness could help to drive demand for EVER token.