EverRise releases Kraken

Crypto volatility is a very dangerous aspect of the crypto ecosystem and is mainly responsible for the gradual implementation of cryptography. Many crypto projects solve this problem using various security and stability mechanisms. However, buybacks and token launches are some of the most successful ways to achieve a sustained increase in the price of the token, and make sure that the market decline does not affect the price of the token.

EverRise is one of the most popular platforms that uses the buyback and coin burning mechanism to ensure that the increase in coin prices remains constant even during market collapses. Coin burning is a popular mechanism used by various crypto projects to reduce the circulating supply of tokens and increase demand and price.

EverRise achieves this through a repurchase agreement called the “Kraken”, which automatically manages repurchases and periodically initiates them, while maintaining a profitable opportunity for investors.

Infinite Sunrise kraken

The Kraken got its name from an ancient sea monster that completely ate away at its rivals. Kraken EverRise operates under the same umbrella and aims to create the most efficient and optimized reward mechanism for coin holders.

Kraken acts as a security system for Rise token holders and charges a 6% transaction fee. For each transaction in the ecosystem, Kraken charges a 6% fee for using and burning tokens from the delivery in circulation. This is done to reduce bargain supply, which will ultimately increase demand by increasing attractive properties and increasing the price.

Ransomware has an October advantage because it prevents crypto whales from launching large coin discharges, which often cause the coin price to drop. In October, a portion of the transaction costs are held in the contract, which will be used in the future during extreme market collapses. Kraken strategic reserves are used at critical times to provide a stable price level to rise token holders, even when other currencies are struggling.

Kraken s

Join the Discussion

  • BrokerEUR/USD
    City Index 0.5pips (fixed) margin: 3.33%
    ETX Capital 0.6pips (variable) margin: 3.33%
  • Back to top