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About Everest
-
Founders:
Bob Reid (CEO) and Bradley Witteman (CTO) -
Founded:
May 2016 -
Licensed by:
Maltese Financial Services Authority (MFSA) -
Token:
ID (ERC-20), total supply: 800,000,000 -
Token distribution:**- 19% to strategic partners, advisors, and consultants
- 19% to team
- 38% for staking and rewards
- 12% to ecosystem development</li
About Everest: Pioneering the Future of Blockchain
Everest Cryptocurrency Trading: Anticipated Launch Timeline
Everest (ID) is a pioneering blockchain company dedicated to fostering economic inclusion and dismantling barriers to public services. It boasts the distinction of being the world’s sole device-free, globally accessible digital transaction protocol, seamlessly integrating digital identities on blockchain, electronic wallets, document management, and biometrics. Its inception is poised to revolutionize the way governments, banks, exchanges, hospitals, NGOs, and other entities operate, by introducing the transformative power of blockchain and biometrics.
Everest has secured a prestigious Virtual Financial Assets (VFA) license from the esteemed Maltese Financial Services Authority (MFSA), thereby granting the company the authority to operate as a regulated custodian for its users. The innovative CRDT token, a hallmark of Everest, empowers businesses and individuals to programmatically denominate fiat currencies for diverse use cases, thereby facilitating seamless value transfer across disparate fiat currencies and financial infrastructures worldwide.
Everest’s platform comprises a suite of innovative features, including: EverID – a user-controlled, pseudo-anonymous verifiable identity supported by the Identity Network Foundation, a non-profit decentralized autonomous organization (DAO); EverWallet – a device-free account that securely stores multi-currency and biometric data; EverChain – a layer 2 ledger built on the Ethereum platform; CRDT – a pegged stablecoin designed for value storage, with a fixed exchange rate of 1 CRDT equivalent to USD$0.01; VFA – a regulatory license ensuring compliance with applicable laws; and ID token – a utility token that enables access to the identity network and facilitates the exchange of value.
The Visionaries Behind Everest: Meet the Founders
Everest was established in May 2016, driven by the conviction that the economies of cryptocurrency and blockchain would stagnate without the fundamental pillars of human exchange, namely value transfer.
Bob Reid, co-founder and CEO of Everest, boasts an impressive academic background, having earned a Bachelor of Arts in Political Science from the University of California, San Diego, and an M.B.A. from the Middlebury Institute of International Studies at Monterey. His professional trajectory is marked by extensive experience in business development, with notable stints as General Manager of Licensing at BitTorrent, and VP of Strategy & Business Development at Neulion and DivX. Most recently, Bob lent his expertise as an advisor to Kai Labs, a blockchain-focused think tank and accelerator.
Bradley Witteman, co-founder and Chief Technology Officer of Everest, boasts an impressive academic background, having earned a BA, MBA, and MA from the esteemed Middlebury Institute of International Studies at Monterey. With nearly two decades of product management experience spanning multiple industries, Bradley’s illustrious career has seen him hold prominent positions, including Senior Director of Product Management at BitTorrent and Chief Product Officer and founder of Moby Corp.
Will Everest Soar to $1?
Everest is a pioneering blockchain platform poised to converge the end-user market and financial institutions into a seamless DeFi, crypto, and fiat ecosystem. The Everest full vertical stack features a gateway node, empowering partners to swiftly integrate Everest with their legacy platforms via APIs. Furthermore, Everest facilitates integrated Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols on its platform, leveraging rapid and cost-effective biometric identification. This synergy of secure, mass-market biometrics and encryption enables Everest to expedite identity creation and verification, a process that traditionally takes days for conventional financial institutions.
Everest boasts a significant advantage in its compliance with regulatory requirements and ability to operate within legal jurisdictions. Its patent-pending biometric identity, virtual onboarding, and account creation, as well as cross-border transfers, are seamlessly integrated to cater to the needs of financial institutions. By bridging the decentralized finance (DeFi) world with the regulatory requirements of governments, Everest is poised to revolutionize the financial landscape. With its coveted VFA license, Everest is empowered to issue its own stablecoin and facilitate payments of “programmable money” in most jurisdictions, leveraging a merchant account. Furthermore, Everest adheres to stringent data privacy laws, including Europe’s General Data Protection Regulation (GDPR) and California’s Consumer Privacy Act (CCPA).
Everest boasts an impressive array of partners and recognitions, including: being a semi-finalist in two categories of the Visa Everywhere Initiative 2020; a participant in Visa Fast Track 2020; a grant winner of the Ethereum Foundation 2019 for its eKYC solution; a winner of the Inclusive FinTech 50 2019; a winner of the Oregon Enterprise Blockchain Venture Studio 2019; a featured entity in New America’s Blockchain Impact Ledger 2019; and a listed vendor on the approved vendor lists of both the United Nations and the Asian Development Bank.
In July 2021, Everest formed a strategic partnership with Oracle Financial Services, a subsidiary of Oracle Corp, with the goal of augmenting the bank’s product offerings globally. Oracle, a renowned software service provider, specializes in retail and corporate banking as well as insurance services. This collaboration will facilitate the verification of users’ credentials, thereby providing a comprehensive framework for mitigating money laundering activities. By enabling banks to scrutinize cryptocurrencies, cross-border transactions, and decentralized finance, this partnership is poised to revolutionize the financial landscape. According to Everest’s Chief Executive and co-founder, Bob Reid, their blockchain-based identity and verification solution is expected to significantly enhance banking and financial software.
The Circulating Supply of Everest (ID) Coins: A Closer Look
ID (ERC-20) serves as the native utility token of the Everest platform, facilitating seamless access to the identity network and enabling the exchange of value within the economy. While receiving payments is free of charge on the Everest system, users are required to stake 1-100 IDs in their wallet to initiate payment transactions. For larger users necessitating greater levels of data, complexity, visibility, and targeting, higher amounts of ID tokens must be staked (up to 250,000). In the case of institutions, the amount of IDs staked is contingent upon a tiered level of access and specific market use-case.
The total supply of ID tokens is capped at 800,000,000. The distribution of these tokens is allocated as follows: 19% is reserved for strategic partners, advisors, and consultants; 19% is allocated to the team; 38% is designated for staking and rewards; 12% is earmarked for ecosystem development; and 12% is set aside for reserves.
ID tokens are acquired and held by a diverse range of stakeholders, including users, custodians, financial institutions, businesses, and more, as well as eAgents (such as Kyber and Aave), thereby granting them temporary access to the network. These eAgents, who serve as staking partners, oversee eTellers, which earn ID tokens by onboarding users to Everest’s services. By holding and staking ID tokens, users can benefit from reduced transaction fees and additional rewards.
The Everest Network’s Robust Security Mechanisms
Everest (ID) is a cryptocurrency token built on the Ethereum network, and a smart contract is a self-executing program that operates on the Ethereum blockchain, leveraging the platform’s infrastructure. Smart contracts facilitate the establishment of trustless relationships, enabling secure, transparent, and irreversible transactions and agreements between anonymous parties, while ensuring that all processes remain trackable and tamper-proof.
Acquiring Everest (ID): A Comprehensive Guide to Exchanges and Marketplaces
Everest (ID) is listed on multiple cryptocurrency exchanges, although it cannot be directly purchased with fiat currency. Instead, users can acquire the coin by buying Bitcoin on any fiat-to-cryptocurrency exchange, and then transferring it to an exchange that supports the ID token, such as Uniswap (V2), Bitfinex, SushiSwap, Bilaxy, 1inch Exchange, Kyber Network, Bamboo Relay, and KyberDMM.
New to the world of cryptocurrency? Discover how to seamlessly enter the market and acquire BTC, PPAY, or any other token with ease. Learn more here.
Associated Resources
Delve into the world of ERC-20 tokens, a cornerstone of the Ethereum blockchain ecosystem.
Delve into the realm of Cryptocurrency Money Laundering and Know-Your-Customer (KYC) regulations.
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Discover the Future of the Internet: Unveiling the Era of Web 3.0.
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