EVREvernode (EVR) Price

1.Project introduction

Evernode is a permissionless, decentralized Layer 2 network designed for hosting hyper-flexible, hyper-scalable dApps that function as customized mini-blockchains, or "AppChains." It empowers developers to build using their preferred language, features, geographic focus, and scale, all without the need to create their own consensus mechanism.

2.Token application and distribution

Token application

Payment Method: EVR is used to pay for the fees associated with hosting and running decentralized applications (DApps) on the Evernode platform.

Incentive Mechanism: Hosts earn EVR rewards by providing computing resources and hosting services, incentivizing more nodes to participate in the network and enhancing the platform's decentralization and stability.

Governance Function: EVR holders can participate in governance decisions for the platform, including proposal voting and protocol upgrades, ensuring the collective interests of the community are upheld.

Token distribution

No inflation or deflation, with a total supply of 72,253,440 Evers.

20,643,840 Evers will be airdropped to create the initial supply.

Founders: 5,160,960 Evers

Evernode Labs: 5,160,960 Evers

Beta Testers: 5,160,960 Evers

XRP Holders: 5,160,960 Evers

The remaining 51,609,600 Evers will be held in the Evernode Heartbeat Hook and will be distributed programmatically to hosts over 118 years in 10 periods, with 5,160,960 Evers allocated as rewards for each period.

Please note that the full name of EVR supported by CoinEx is Evernode. Be sure to distinguish before trading.