Everex is a financial services enterprise that makes use of blockchain solutions technology in areas like trading, lending, and cross-border payments. Individuals and SMEs can use the platform to access their services that include global credit histories that are decentralized and scorings. Their services can be availed by both individuals and small and medium businesses.
With Everex, companies and individuals can trade in, and borrow or transfer, borrow, any currency without having to use any bank account. The world market is within the grasp and control of users when they are on the Everex platform. The key benefits of using Everex are settling times of less than 30 seconds, lowest transaction costs and amazing global support. Everex services are powered by the Ethereum blockchain thus allowing full transparency into all transaction processing. For clients dealing in non-deliverable currencies, Everex can be particularly valuable.
Everex can be used to trade and exchange foreign currencies at the best rates and to transfer money across borders within seconds. The platform allows clients to pay for services and to vendors quickly and effortlessly with one-click facilities. They can also borrow money in any currency and pay back the same in the same or any other currency with Everex.
The Everex-backed EVX tokens can be used for a number of utility functions on the Microfinance and Payment platform of this cryptocurrency. EVX accumulation allows individuals and businesses with low credit rating to give their ratings a boost regardless of where they are located or operate from. When loans are paid back on time, users are rewarded with an EVX bonus. Late payments invite an EVX levy. EVX rewards are offered to those vouching for borrowers. EVX is also accepted as collateral. Borrowers can offer their EVX to get timely credit at lower rates of interest and also enjoy a host of other perks.
Everex is fast emerging as a reliable means of transfer of funds between two individuals by using the advanced crypto-cash facility. The fund transfer process involves the use of the Ethereum network. According to the developers, it will be always pegged at 1:1 with a fiat currency. Crypto-cash can be transferred across borders at a much faster rate and definitely more reliably than conventional methods.
Everex EVX total supply presently stands at 25,000,000 and circulating supply is 16,500,000. The market cap of the currency is $21,205,635. It trades at $1.29. There is a huge potential for growth in the future according to leading experts.
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