Details
- ICO token sale starts: 24 July 10:00 am
- ICO website: https://www.everex.io/
- Official ICO chat group: https://t.me/everexio
Short Overview
Everex aims to enable the transfer of funds between two individuals using crypto-cash. Crypto-cash will use the Ethereum network and always be pegged 1:1 with a fiat currency. It will be much faster to transfer crypto-cash across borders than current fiat methods. Possibly from days/weeks to seconds/minutes. Everex also aims to get involved with microloans using Crypto cash. This is a very short overview of the project and for more information the white paper on their website.
Reasons to Invest
- Relatively low market cap 70,000 ETH = about 16m currently.
- Huge potential of growth ( 50m market = 3x )
- Projects like this are the next step forward for block-chain technology
- Everex has developed technology such as https://ethplorer.io/ , Chainy and Everex Wallet
- Good communication from project team
- Currently a lack of whales spotted
Risk Involved
- This is a new project and a lot of innovation is required
- Regulatory uncertainty
- Current crypto-market volatility
Token Terms and Calculations
25,000,000 total tokens.
17,500,000 sold for 70,000 ETH
If ETH is $250 on ico start date =>
70,000*250 = $17,500,000 raised
17,500,000 * 0.7 = $25,000,000 total market cap
Full token sale terms: https://drive.google.com/file/d/0B9F9xvW65bb0bEVGazJWdXZfYkk/view
Note:
In the terms it states that if the price of ETH is under $250 on the July 24th, 250 EVX will be given for 1 ETH.
Example:
ETH Price = $235
BTC Price = $2750
Ratio = 2750/235 = 1 (BTC): 11.702 (ETH)
An investor who puts in 10 ETH will receive 10*250 = 2500 EVX
If 1 BTC they receive. 11.702 * 250 = 2925.5 EVX
Important:
No wallet link is used for this ICO. You must sign up on the official Everex website and deposit into the wallet you set up. If you see any postings of addresses it will be a scam.
They also have a referral program that gives 5% cash-back on each investment done using the link.
The link can be used to set up the official Everex wallet, such as this: https://t.everex.io/t/FnpzduK
More about this can be found on the Everex website and blog.
If you have any questions please join the Everex group chat.
Conclusion
High chance of short term return. If project is successful possibilities for huge return.
ICO rating 78/100. (Great Buy)