Description
A cryptocurrency being partially backed by collateral and partially stabilized algorithmically.
EVER token is a partially collateralized token, soft pegged to the U.S. Dollar with NEVER Token, available on the Binance Smart Chain
The protocol aims to maintain A token?s price stability, in other words the peg, by storing sufficient collateral in the time-locked smart contracts. This collateral is used for redemptions, helping to maintain price stability. The collateral consists of two tokens . On the BSC, BUSD and NEVER token, The BUSD token is deposited into the protocol when a user mints EVER token, while the NEVER token which is used for minting (burn). When the user redeems EVER tokens, the protocol pays back BUSD tokens and NEVER tokens value at 0.20$ /EVER.
The ratio of BUSD and NEVER token used by the minting and redeeming function is determined by the Target Collateral Ratio and by the Effective Collateral Ratio respectively.
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, Neverswap has established itself as a formidable player. It is currently ranked #5,203 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Neverswap as a viable digital asset.
Tokenomics
The tokenomics of Neverswap consist of a total supply of 16,693,365 tokens, out of which 14,129,990 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your Neverswap tokens, you can use a variety of wallets such as Trust Wallet, MetaMask, SafePal, Coin98. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade Neverswap, you can use various popular exchanges such as ArkenSwap, Trader Joe. These platforms offer a seamless experience and allow you to manage your investments in Neverswap with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
