Topic: [ANN] EVERUS - BORDERLESS FINANCIAL AND COMMERCIAL ECOSYSTEM (Read 35371 times)

If you are an avid trader, surely, you must have heard of Bitcoin Halving or “The Halvening” which occurs around every 4 years. The rationale of Bitcoin Halving is to reduce the rewards for mining each block by half for every 210,000 blocks in order to slow down the injection of new supply to the network as time goes by. Some believe that this is Satoshi Nakomoto ‘s method to prevent inflation.

Bitcoin mining is more complex than it sounds. You require advanced and expensive equipment in order to compete to verify transactions through a process called “mining”. Transactions are then be verified in a group or “blocks” and the network is coded to halve the reward received by miners every 210,000 blocks. For every successful transaction, miners will be rewarded with Bitcoins which refers to “mining reward”.

So, what happens now?

2020 Bitcoin Halving
This year marks the 3rd Bitcoin Halving in history that officially took place earlier than expected – May 11.  But, what does that mean? Here’s the gist of what you should know:

1. Mining reward has been reduced to 6.25 bitcoin per block from 12.5 bitcoin per block.
2. The total amount of bitcoin mined is currently at 18 million, closer to the limit of 21 million.
3. Current bitcoin value is $8,926.75 as of May 13th.

This is where it gets interesting. Since there is a limited supply of bitcoin, prices are theoretically expected to rise if demand remains strong. Though the Law of Supply & Demand seems to be a perfect fit during most times, unfortunately, the truth is, the situation is different during all 3 bitcoin halving. But that shouldn’t be a surprise as Bitcoin is generally a wild card – you never know what exactly might happen.

Will history repeats itself?
The value of bitcoin before the 1st halving in 2012 was $2.01 while 2nd halving in 2016 was $664.44. Before the first halving, miners receive 50 coins and later reduced to 25 coins per block. Then, the second halving was shaved down to 12.5 BTC per block. A similar pattern that can be observed is the price surge after bitcoin halving even years after.

Speculations, speculations and more speculations
Every day, thousands of videos and articles are published about bitcoin’s price speculations. Some even think that they have cracked the code about bitcoin whereas some are convinced that bitcoin is a scam. The truth is, no one knows for sure.

Let’s rewind to a couple of decades back, specifically when “electronic mail” or email was introduced. Sure, everyone is reluctant at first. But look at the world now – Evolving with technology to equip ourselves better with current challenges. Hence, blockchain technology might be the next stepping stone that would revolutionize the digital era.

 

It is to believe that the price of Bitcoin will increase after the Bitcoin Halving in May or June happening soon. This prediction is backed by the fact that the price of Bitcoin has increased during the last two Bitcoin Halvings in 2012 and 2016. Another prediction going around the cryptosphere is there will be a rise in Bitcoin price due to the coronavirus incident as people are moving their assets into someplace safer such as digital currencies.

The future could never be predicted but it does seem promising as the price continues to climb up after the price fall due to the coronavirus pandemic a few weeks ago. However, there are plenty of things you can do with cryptocurrency apart from keeping Bitcoin in the corner while waiting for the price to increase. When it comes to cryptocurrency, the sky’s the limit. This episode, consider doing things that has to do with trading:


Holding Coins
The simplest thing you could do with cryptocurrency is to buy and hold them until they obtain a fair market share. Consider investing in Bitcoin, Ethereum, Litecoin etc. This would consider being a long term investment as the value is appreciated as time goes by especially when paired against a high demand fiat currency such as USD or EURO. 
 

Staking Coins
An alternative method is to stake coins. Although similar to holding coins, staking is holding crypto coins in a crypto wallet. By doing this, they will earn staking rewards and for securing the blockchain network. Examples of staking coins are Komodo, NAV Coin, Tezos etc. What’s more, the value of a coin will increase as the demand increases.


Arbitrage Trading
Arbitrage trading is when an asset is bought and sold at multiple platforms with a slightly different price. This would create an opportunity to earn a good cut in between by buying low and selling high on another exchange. Commonly, arbitrage trading uses A.I bots such as Cryptohopper and PSIGEN.


Day Trading
Cryptocurrency is known for its high volatility which only makes sense that you can benefit from day trading. Usually, seasoned traders are more comfortable with day trading compared to new traders. This is because of the many factors to consider in order to make profitable trading which explain why some would think day trading is complex.


Leverage Trading
Leverage trading or margin trading involves borrowing funds and investing more than your actual capital. This service is available on crypto exchange platforms such as Binance. For example, 25:1 leverage (or 25x) means that for every dollar the trader stakes in equity, they can trade $25. This is also known as a 4% margin trade.


If you are interested in trading and would like to explore the list mentioned above, sign up for Brexily. Brexily is a cryptocurrency trading platform that offers zero trading fees when paired against EVR tokens. The simple interface in Brexily makes it the perfect platform for users new to trading. Brexily is set to revolutionize the crypto trading platform with its exclusive feature that allows you to fully utilize your crypto coins by paying bills and utilities, book hotels and more with cryptocurrency.

If you think about it, gold and bitcoin seem to share a lot of common characteristics. In fact, most crypto companies use gold to explain cryptocurrency in a simple easy way. Luno explained on “Bitcoin as digital gold” that alike gold, bitcoin is finite, exists in small or big units such as 1 satoshi or 1 Bitcoin and most importantly, the security it offers – managing funds, protection from threat, etc. But, bitcoin is so much more than that. Bitcoin takes gold’s benefits a step further, by being digital.

 
The Revolutionary Idea

What is “Bitcoin”? Bitcoin was the very first decentralized digital currency. The brains behind the operation is Satoshi Nakamoto who published his ideas online in 2009. The idea is to use a digital currency to perform financial transactions that is accepted worldwide with no involvement of authority. But, what makes it secure? All transactions are recorded in a digital ledger which is visible to everyone in the blockchain network. This was a billionaire idea. Unfortunately, back then, people refuse to see the bigger picture and to look at the Bitcoin value instead.

The value of Bitcoin is due to two reasons. Firstly, supply and demand. Bitcoin is finite as there are only 21 million bitcoin that can be mined in total. Currently, about 18 million bitcoin have been mined. This means that Bitcoin is low in supply, indirectly causing a high demand for Bitcoin. Another reason that many seem to believe is due to Bitcoin Halving.


The New Coin on The Block

This dates back to 2009 when Satoshi introduced bitcoin to the world. But, the world seems to hear about the news years later. In the meantime, a small group of people had the first Bitcoin experience and officially put Bitcoin on the map.

Mr Hanyecz from Florida bought two pizzas from Papa Johns with 10,000 bitcoin, making this the first real-world bitcoin transaction.
Mr Andresen from New England developed a website called the “Bitcoin Faucet” where he gave away 10,000 bitcoin.
Mr Forster from Massachusetts, on the other hand, started to accept bitcoin as payment for his farm selling alpaca socks.
 

The Age of Digital Coin

Bitcoin started to hit the streets around 2012 probably due to Bitcoin Halving. As you know, Bitcoin Halving occurs every 4 years  or every 210,000 blocks are mined. The reasons are unclear but it led people to believe that the value of Bitcoin would increase post-halving, as it did  two halvings ago. This seems to be great news now. But, what would happen when there is no longer Bitcoin left to mine? With only 2 million bitcoin left to be mine, 2140 would be the end of the road.

Various predictions have already been made about bitcoin’s value after the last mine. However, there is no way to know for sure especially with what has happened – hard forks, new protocols, new methods of recording and processing transactions, etc. There is a possibility that if cryptocurrency is accepted as the primary medium of exchange, demand would be out of the roof causing the transaction fees to increase, profiting miners. On the other hand, if the role of cryptocurrency remains the same in the economy, miners will require higher fees which means people would need to pay higher transaction fees, discouraging the use of bitcoin and calling the time of death for bitcoin.

In sum, regardless of growing demand, supply cannot be increased. Bitcoin miners will continue to collect transaction fees over time as bitcoin increases in value. “This value appreciation across time turns fee-centric mining into a financially infeasible task to a sensible, long-term investment.”

We have officially hit the mid-week of April and yet, everywhere across the world, people are battling for their lives while the rest are sitting ducks aside from the protection of our own home. Coronavirus, the infectious fatal disease that was first started in China has made its way around the world within just a few weeks and has impacted various sectors including cryptocurrency.

“Indeed, the virus seems to have severely impacted financial markets in other corners of the global economy.”


A Walk Down Memory Lane
As everyone is well aware of, the first attack began in China around November 2019. What was thought  to be an internal problem began to raise concerns as the virus started to conquer other countries as well. As you know it, few deaths lead to hundreds to thousands while schools, colleges, shopping malls cease operation and finally, everyone goes into hiding mode. So, what now?

 
Global News

It seems to be a bad day every day for the economy. Apart from the stock market plummeting down, Bitcoin exchanges join the race as well. However, the cryptocurrency market has partially recovered from the crash recently.


No Place Like Home

The restriction movement implemented in almost every infected country requires people to stay at home and limit contact. This would likely create various positive outcome. Already, the air is fresher and streets are cleaner. It is certain that this trend would boost the adoption of digital coins as well.

 
COVID-19 Cocktail

Several prominent representatives of the cryptocurrency community were infected after an Ethereum conference. This incident was a catalyst agent for other blockchain conferences to postpone until further notice whereas, some events were unfortunately cancelled. Such a heavy financial blow for the organizers.


Mining

China holds the largest share in Bitcoin mining, around 70% due to the availability of cheap electricity and technology devices. However, the Coronavirus pandemic has caused the mining operations to face difficulties. The constraint supply of digital currencies would hopefully increase Bitcoin and other cryptocurrencies might increase, but then the extreme shortage of the digital currencies could also have the potential to backfire.

 
Bitcoin Price

When coronavirus was revealed that it was indeed an extreme threat to humanity, people start to panic and move their assets from fiat currencies and other markets into BTC. Theoretically, if this continues, the price of Bitcoin will increase. Unfortunately, it does not seem to have a price-boosting effect as predicted.

 
Stablecoin

On a positive turn of such events, the use of stablecoins has increased amidst the corona outbreak. Stablecoin is a digital currency pegged by stable assets such as US dollars. For example, USDT and USDC. The fact that stablecoins have less price volatility is probably key to people’s confidence with stablecoins’ store of value compared to Bitcoin.

 
“Financial rewards exist for those that appreciate the risks and opportunities created by these disruptive assets. There is power in humility and opportunity within crisis.”

The blockchain industry certainly looks like a blue ocean – there are a lot of possibilities, the wind changes fast, and the calm suddenly can be replaced by the storm. And, as in real sailing, to be successful it means to catch a wave and tailwind.
The past decade has been a buzz with presage about both Artificial Intelligence and Blockchain Technology. Both hold enormous potential for human society as it stands and has both taken a long time to produce fruitful products. Highly developed AI modules are already entering the real world in products such as spam filtration, AI-based chess engines, and even self-driving cars. The true genius of such inventions is that they can produce code independently to solve problems in real-time without any need for intervention from human beings. You could forget the e-wallet App on your phone, and it’d still keep making money for you.

Blockchain and digital assets are eventually changing how we earn interest nowadays. The mainstreams describe the social capital on how the interest rate allocates and take banks as the core information and credit intermediates. On the other hand, Traditional financial system has recognized challenges with high operational costs. The reign of low-interest rates has brought repulsive side effects to the real-world economy, especially to banks, who pay extra to store excessive reserves but are unable to pass on negative rates to depositors. Blockchain, hence cryptocurrency, where smart contracts hosted on blockchain, results in trading finance at a reduced cost. Permissionless financial instruments drive down 99% of barriers to create and issue bespoke tradable contracts for anyone to hedge, trade and earn.

The hype surrounding crypto trading might not be as robust as it was before. But for many, the interest in making bucks off crypto trading still holds strong, and with there being so many crypto platforms on which to buy and sell crypto on, it’s easy to see why.

Multi-Crypto Wallet is one of the platforms by Everus—an e-wallet for cryptocurrency available on iOS and Android that include the functions usually found on normal fiat e-wallets, but that also adds in a certain excelling component that revolves around making the user experience as worthy as possible.

One of these special components is an artificially intelligent bot called PSIGEN that has the capability to trade cryptocurrencies (such as Bitcoin, Ethereum, Litecoin and of course the Everus’ own EVR token) independently without the need for human input.

Targeted towards those seeking passive income in cryptocurrency, PSIGEN leads crypto trading without the need for human input and works within programmed parameters, guaranteeing that every trade is risk-free from losses. Everus also provides users with the option to start and stop trading at any time, and also withdraw their initial trading capital at any given time.

Thereby, the whole functioning of the system whirls around the concept of allowing inexperienced crypto users to trade their cryptocurrency and make a profit even without understanding the finer shades of crypto trading, thus providing them a great opportunity to start a stream of passive income without the need for much resources.

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After years as a niche market for technologically sophisticated anarchists and libertarians excited about a decentralized financial network not under government control, digital coins may be on the verge of going mainstream. Cryptocurrency had understandable appeal to millennials who came of age during the 2008 financial crisis and are now watching the rise of anti-globalist populism threaten the stability of the international economy.

Unlike previous generations, many of these greenhorn investors don’t have pensions, are mistrustful of socking money away in mutual funds and are fully accustomed to owning digital assets that have no concrete properties. As traditional paths to upper-middle-class stability are being blocked by debt, exorbitant housing costs and a shaky job market, these investors view cryptocurrency not only as a hedge against another crash, but also as the most rational and even utopian (means of investing their money).

The things we’ve been able to rely on aren’t as reliable and with the leaders at present who know absolutely nothing about how the economy works, it’s merely impossible and they have appointed people who have twisted views about how it works. That, more than anything, is what scares us.

Back in the days our grandparents and most of our parents even now use bank accounts. Every paycheck, they put a percentage into long-term holdings. They never expected to become rich overnight. That’s a way to become very poor in one hour, that’s how they thought. Even those in it for the long haul, however, admit to monitoring the prices compulsively, scratching the gambler’s itch.

If you’re in the cryptocurrency world, you should maintain an even more observant, and most likely exhausting regimen.Markets should be watched. “The saying is, ‘Crypto never sleeps.’ It’s 24/7, it’s global, it doesn’t have a stock market, it doesn’t have a bell. Beyond its potential long-term financial rewards, many holders of cryptocurrency view it as a vehicle for social change. While many coins have no value beyond serving as a potential alternative currency, or began as larks that have since been popularized by speculators. 21 percent of respondents do not have access to traditional banking, making cryptocurrency a more likely alternative to traditional banking.

“More than half of respondents have purchased crypto in the past six months, a great sign for the continuous adoption of crypto,” according to the announcement. “With greater understanding, crypto has great promise of becoming more mainstream.”

With apparent passion for cryptocurrencies already and indication that this is only growing, the above study indicates that this technology is essential for young adults. This is, of course, good news for a service provider such as Everus. And it’s newest product Brexily can be a good pathway for Trading for youngsters or the generation now.

As a company, we aim to provide ways to help new users in this generation overcome the barriers to entry that are holding them back. We look forward to helping the Crypto community grow, as we have done before, and will continue to do.

When I was young, I remembered my teacher asked: “Hands up to those who think money is not important.” I raised my hand and he asked why. Being a naive 9 year old, I hesitantly answered “There are many other things that are far more important than money – health, clean air, etc. He then answered “True. But, you need money to build a mechanism with the purpose of maintaining clean air. You need money to buy medicine to recover your health. The list goes on.  It’s a painful truth. But, the world revolves around money – whether we like or not.” It taught me the meaning of “value” and the impact money had on the world as well as external factors that impact the value of money.


Currently, we are facing a global pandemic that threatens our precious lives.  Coronavirus started to create panic in China around November 2019. Little did we know that it had the power to cause such drastic changes especially towards the economy with multiple currency downturn. The most affected currency is the China dollar as well as China’s largest trading partner Australia and New Zealand, affecting their currency drop.  Cryptocurrency has been taking a major hit as well with the market crash that happened early in March. The cause of the market crash was, however, unclear.


In other news, Bitcoin, a cryptocurrency that was initially perceived as a “safe haven” asset that is expected to retain or increase in value was seen to be a risky asset. For some, Bitcoin was bought at a low price to be resold at a higher price. Whereas some genuinely utilize it and consider it as a substitute to fiat currencies. Sadly, due to recent events, Bitcoin is once again seen as a risky asset that takes investors in a worry-joy roller coaster ride. According to experts, the crash was due to a general panic on the stock exchanges. Consequently, some investors began to rethink their investment strategies by selling their cryptocurrency assets most probably to pay off urgent debts and prepare for the pandemic by preparing for food and supplies.


History will record the occurrence of global panic buying, deaths, and peculiar drastic trends such as masks, cleaning supplies, and shockingly, a rise in digital wallet usage. As people become more health conscious while the government and doctors learn to contain the spread of coronavirus, thankfully, the economy is slightly improving. Analysts predict that the market will begin to recover gradually in the coming months, following a similar pattern to the SARS outbreak in March 2013, as the currency markets went back to normal after 2 months SARS was under control. However, as the economy slowly reverts, what will happen to consumer’s trend of making digital payments?


Digital Payments Post-Pandemic
When experts revealed that cash is able to transport live virus for up to 17 days, people have immediately switched to digital payments in fear of spreading or getting infected by the virus from money transference. On the other hand, the U.S. Federal Reserve increased the minimum holding period for bills coming from Asia and Europe in an attempt to contain the spread. China and South Korea take it to another level by disinfecting money and burning it. Multiple banks have also encouraged the use of contactless payments such as online banking to avoid overcrowding of ATM terminals to withdraw money. These incidents have led experts to believe that digital payments are the future.

 
A world without cash. Canada, Sweden, and the UK are among the top cashless countries. But, what would happen if other countries follow their footsteps? The absence of cash could attract many benefits such as crime reduction. People are able to eliminate the risk of being a target by not carrying cash as debit and credit cards can be easily reported and cancelled if reported stolen. Whereas, if cash is stolen, it’s impossible to retrieve it back unlike digital currencies such as Bitcoin and online banking that enables you to keep track of your transactions. On the other hand, a complete cashless world is impossible as the poor remain dependent on cash. It might even cause a return to barter among the poor to exchange one thing for another in order to survive. This could, however, be avoided if there is a global strategic plan transforming the way humans live. Is it possible, though?

2020 is off to a rough start with multiple difficulties attacking humanity’s peace in different sectors including environment, economy, politics and the hardest hit of all, our health. For the past few months, the Coronavirus pandemic has caused major setbacks in our daily life’s routine and not to mention, the paranoia of being violated by a dangerous virus.

It’s not completely bad
There is a silver lining from this bad cloud. Air is getting fresher as “appreciation” washes over our daily outdoor activities that we took for granted. However, morning coffees and delicious pancake breakfast at our favourite diner can wait until the virus blows over. In the meantime, as suggested in our previous article last week, make the most of your extra time. You could finally start investing in cryptocurrency and lucky for you, this is the perfect time.

‘Tis the season for Bitcoin Halving
As you know, new Bitcoins come into the world as a reward for miners whenever they mine. Halving or ‘Halvening’ is a period of time when Bitcoin’s block subsidy cuts the bitcoin block reward in half. The Bitcoin halving was designed by Satoshi Nakamoto to keep Bitcoin’s inflation in check. What will happen is, every time a Bitcoin halving occurs, miners begin receiving 50% fewer BTC for verifying transactions.

How does that work?
Every 210,000 blocks mined which roughly take around 4 years, the halving of Bitcoin’s block subsidy occurs. This rare occasion will continue to occur every 210,000 blocks until there’s nothing to be mine as the supply of Bitcoin is finite. The Bitcoin Halvening is expected to happen in June or May this year.

What will happen during Bitcoin Halving?
Some believe that there is a price impact on Bitcoin after Bitcoin Halving which will either drive the price to increase or be unaffected at all. What’s certain is miners will be receiving lesser rewards as years go by. This dynamic can be explained with 1 simple theory – Law of Supply and Demand.

When was the last Bitcoin Halving?
2012, Nov 28 – Bitcoin’s block subsidy dropped from 50 BTC per block to 25 BTC per block.
2016, Jul 9 – Bitcoin’s block subsidy dropped from 25 BTC per block to 12.5 BTC per block.
2020 – ?

As the thermometer drops, infection does become more likely – but it’s important to stay calm and get the treatment you need. Everywhere around the world, people are limiting social contact by staying at home with an attempt to control the Corona outbreak. How does that work?

Social Distancing
Even the phrase sounds awful. At the moment, even the simplest,most awaited, purest of human gestures, the ones we desire most in times like these; a hug or squeeze of our hand, comforting us that everything will be okay — now carry risk.

We all are social animals after all. We’re evolutionarily wired for proximity to each other. So, these new protocols (staying six feet apart, voluntarily quarantining as much as possible) are necessary, but may not be natural and easy for some of us.

Even when you’re totally healthy, to not have social interactions can hurt both your physical and mental wellbeing. Studies have shown loneliness can lead to diabetes, autoimmune disorders such as rheumatoid arthritis and lupus, and cardiovascular diseases. If you’re already prone to depression, anxiety, and loneliness, you’re hit even harder. (And that’s when life is normal, not in the current coronavirus culture.)

In this new world of telecommuting, self-quarantining, and seemingly incessant handwashing, the impact may be even more dramatic. The somewhat reassuring news is that we have an idea of what to expect and who is at risk, thanks to the piles and piles of research that was done after the SARS epidemic in 2003 and 9/11.

Common Emotional Reactions To The Coronavirus Situation
According to the American Psychological Association, there’s a range of emotions and struggle right now; and it will evolve. “The further you are from engaging with others and feeling a connection, the more of an impact it will have,” says Dr. Kaplin. There are a range of emotions people are expected to have right now:

Fear and anxiety – It’s 100% normal to be worried about contracting or spreading COVID-19. Here are the facts: The virus is contagious—experts say the rate of infection is 2-3. The issue is, symptoms can spread before anyone knows they’re sick and the virus can live on surfaces for a while—a day on cardboard and two to three on plastic or stainless steel. It’s also normal to feel anxious about getting food and supplies. We’re not used to seeing empty grocery store shelves or lines to get into the store.

Depression and boredom – Our usual daily routines are completely out of strike right now. Many of us are staying home, instead of going into work, kids are doing online learning instead of being out of the house. It’s nearly impossible to get into a rhythm with so much uncertainty. Add in the fact that you can’t go to the movies, restaurants or any social gatherings.

Frustration or irritability – Such feelings have its root in the fact that we’ve had to abandon control of so many things at once. This could be directed at particular people, like an individual in the grocery store who loaded his cart up with toilet paper and you can’t find any because of that.

What You Can Do

Stay connected. Social distancing doesn’t mean social isolation. You can still do virtual socialising through WhatsApp, FaceTime, Instagram etc.
Try breathing exercises/Yoga. Mindful breathing where you match your in-breath with your out-breath and focus on scanning your body is calming. This would only take 3 minutes of your time.
Be kind. It doesn’t just benefit others; you reap the fruits too. According to certain researches, when you do good for someone else, your brain’s pleasure and reward centres light up. It’s called the “helper’s high.”
Make do of your time. Take this opportunity to get your side business ready or find an interesting project that could benefit you such as investing in crypto.

 


Connect to the Everus Telegram Community. This platform will help you gain knowledge on crypto and the blockchain industry and the current situation of Crypto during COVID’19.
Join us: https://t.me/everusworld

Here’s a brief introduction to smart contracts and their real-world applications.

Several technological advances, such as the Internet  have altered human presence  in ways we never could have predicted. What started out as a fad-like concept retained for nonconformists and outliers has single-handedly changed the way we share information across the borders. The revolution of blockchain technology is forecasted to do the same.

The force of blockchain portrays a shift in our reliance on centralized value transfers and third-party services monopolized by banks and governments, to one of secure digital interactions that are trustless, open-source and transparent. They showcase a realization of a technological and reflective vision;  a change in the status quo that eliminates inefficiencies and empowers people to rely on their skills and abilities regardless of wherever they are in the world.

What is a Smart Contract?
In 1994, Nick Szabo (a cryptographer), came up with the idea of being able to record contracts in the form of computer code. This contract would be activated automatically when certain conditions are met. This idea could potentially remove the need for trusted third-party companies (such as banks).

Why? Simply because you no longer need a trusted third party when you make a transaction. Instead, the contracts (or transactions) are self-executed on a trusted network that is completely controlled by computers.

What a Cool idea, right? Szabo worked on this idea for many years and even wrote a book called “Smart Contracts: Building Blocks for Digital Free Markets“. The problem was that back in 1994, blockchain technology didn’t exist.
But it does now!
In 2009, Bitcoin introduced the first use of blockchain technology. In 2015, Ethereum was founded by an intelligent young man named Vitalik Buterin, and it introduced the first working smart contracts.

A smart contract is an agreement between two people in the form of computer code. They run on the blockchain, so they are stored on a public database and cannot be changed.

The transactions that happen in a smart contract processed by the blockchain, which means they can be sent automatically without a third party. This means there is no one to rely on!

The transactions only happen when the conditions in the agreement are met — there is no third party, so there are no issues with trust.
As smart contracts exist on open systems that anyone can access and use, they could be instrumental in the transformation of a wide range of services and the elimination of intermediaries that would be no longer required. This is the far-reaching promise of smart contracts. However, challenges will arise on the journey ahead.
 
The trouble with smart contracts
Scalability, or the number of computations that can be performed per second, and ease of usability by non-tech users are the two primary objectives along the way.
Even the small number of decentralized applications that are currently available for use by thousands of people can overload the system and lead to errors and delays. This issue would surely become exponential if millions or billions try to use these platforms.

Cutting out the “middlemen”
Smart contracts are particularly useful in reducing the complexity of sales processes by removing unnecessary parties;  the middlemen which previous technological inadequacies required. The effect of this technology on how we live could be enormous, given how much time, energy and money we currently spend on things like identity management, currency transfers, administration, data storage & security, notaries, sale agents, trade through third parties and more.
Smart contracts have a multitude of applications and will be particularly powerful where user-centric identity management is concerned. Not only will blockchain technologies allow for secure and fast identification verification to occur, they could also drastically reduce instances of fraud, smuggling, and money laundering to name a few. Thanks to scalable smart contracts on a public blockchain, users will be able to regain their privacy from technological giants and governments.

Trusting the crowd
One of the biggest advantages of the user-focused approach to smart contracts is the potential for neutrality via the essence of what blockchain is: crowd-sourced trust. This could be particularly powerful in the entertainment industry for example, where musicians and game developers can create products and choose the conditions under which their materials are sold. This would allow them to retain not only rights to the content, but also the bulk of income generated from it, rather than ironically being the last person in the supply chain to get paid.

Public blockchain for public services
The ability of blockchain smart contracts to release us from paperwork and red tape is another exciting aspect of the technology. A world where administration services operate quickly, seamlessly and with complete transparency was previously a dream. There’s no more queuing up in lines to submit a passport application, or spending hours on the phone on hold to change the registration of your address. Imagine having all of your health records in one place, without having to link in between all the medical experts you’ve seen to share the information. Or actually knowing what’s in your own records; from health to finance, services history to property ownership.

Here’s to the future...
Thankfully it is not a question of if this will happen, it is a question of when it will happen. This is our vision for a fearless new world, based on a powerful blockchain platform, scalable smart contracts, and user-friendly applications. The redistribution of power is already happening. Everus is proud to be a catalyst, serving in this exciting digital revolution.

Do you think that cryptocurrency is changing the world?

Yes, we do. With all of the skeptics out there, it’s easy to lose focus on what really matters: the impact we are making on the world is by building this industry.
If you still need a reason to believe, look no further. Get inspired by the reasons we at Everus believe in crypto.

#1 The Theories
Cryptocurrencies were not just born out of economic necessity. It has its own ideologies and reasons that have deep roots in this space. Most of the early users have recognized that on a basic level, we were in need of a smarter form of money. Bitcoin (BTC) was identified as a tool that could be a cross-border currency, create cheaper transactions and increase ease of use in exchanging value.
 
#2 The Community
If you’ve spent any time on crypto Reddit or Twitter, or at meetups and events, you know what we mean. Of course, this society or the community can be divided, but it’s also filled with some of the brightest minds in technology and economics. The crypto world is filled with smart, quirky, hilarious, and passionate people who have created a culture unlike anything the world has ever seen.
 
#3 Aspiring for a Better World
Crypto and blockchain technologies have the ability to improve more than just the world of finance. Everything from transport to supply chain to healthcare and real estate and education, are within its reach. Check out Inc.com’s article to know more on industries that may be interrupted by cryptocurrency in the future. Our favorite in that article is #9.
 
#4 The Endurance
Crypto has faced rebound over the years. This industry as a whole has fought to cast off a bad reputation and struggled its way to help the world understand the positive nature that such an fiscal phenomenon can be. Over and over, cryptocurrency has shown that it’s here to stay, and personally, we can’t wait to see where it will go.
 
#5 The Feasibility
Although people claim to, nobody really knows where the crypto space will take us. Read more on the article where our attention was attracted.

“To pin the future of blockchain on any one currency, let alone the initial one, means limiting blockchain potential; a potential that once scaled promises to have an unequaled impact on our day-to-day lives. And that really is the stuff of stars.”  - Olawale Daniel

We must build long-lasting, efficient technology that makes it clear to the world in a very simple way how remarkable the advancements of the crypto world are.

Do you believe in crypto? Join us to upgrade the world to a better financial network.

Cryptocurrency is made up on blockchain technology and much of its triumph is licensed to this revolutionary breakthrough. When we hear “blockchain” or “blockchain technology,” some buzzwords that come to our minds are cryptocurrency, finance, or decentralized processes. Yet, blockchain technology applies to so much more than simply finance or crypto-related fields. In today’s society, blockchain is growing into the corporate sector and revolutionizing multiple industries outside of just finance.

Here’s a few industries within the corporate field that are utilizing blockchain technology in their setting.

1.Transportation
2.Supply Chain


Transportation
 
Launching of blockchain technology has widely influenced the transportation industry, making companies more profitable than ever. For starters, any business which employs transportation services can now easily organize who and where their shipments are going to. The decentralized ledger allows business owners to quickly see the exact details of each and every transaction, eliminating mountains of paperwork and middlemen which prolongs the process even more. Deliveries have the potential to be much quicker given the integration of smart contracts which will reduce time spent at checkpoints or clearance requests. With the increased demand for “same-day shipping” or “express shipping,” the possibilities are endless considering how fast blockchain is improving the system.

• Air Transportation

This is where the ability of blockchain comes into play. Each stage of the luggage or cargo process, from origin to end receiver, handled by the airline creates a unique code. Any changes, additions, and deductions of products and baggage can then be easily identified and updated on blockchain. Nevertheless, syncing all that data on a global scale can create network traffic saturation. This is because blockchain is decentralized, there is less assurance on the network bandwidth to address all this synchronizing. This transparency is essential in avoiding  unauthorized action and helps airlines reduce smuggling and theft, achieve faster processing time, and reduce paper-based processes.
Just as smart records are used as a digital wallet that store travel data such as flight tickets, hotel reservations, and other information on blockchain, airlines can use the technology the same way to track the airline cargo lifecycle. This impact of baggage tracking is significant for airlines, as at least one out of every 200 passengers feel the impact of baggage loss or delay annually.
FedEx  joined in an effort to integrate blockchain into its daily operations as well. Not to mention, the world’s largest shipping company Maersk finished up its first test of a new blockchain-based system to manage cargo. With strong support from multiple industry leaders, blockchain-based technology is quickly emerging into this space and could soon be an integral component to its future success.

• Shipping

Number of shipping giants have already taken the initial steps towards adopting blockchain technology. In fact, UPS is one of the earliest supporters of blockchain technology in the shipping industry. UPS is discovering blockchain applications within its own supply chain to increase efficiency in all transactions. For example, Bezos has legitimized Amazon as one of the most if not the dominant marketplaces for e-commerce. Unfortunately such decentralized marketplaces can give the shipping and handling fees to the producer, allowing him or her to adjust prices directly. Although there are several risks that concur with the emergence of decentralized marketplaces, it’s clear that monopolistic companies like Amazon are already opposing the interruption of blockchain technology in the shipping sector.
 

Supply chain

Increased transparency linked with permanent decentralized transactions will eventually transform the way supply chains are managed in all facets of the system. It can be observed that  the potential of blockchain to increase efficiency and security, leading to less human errors and time that is being wasted. Enhancing decentralization and enabling better capacity to be given by different service providers will result in lower costs of delivery, providing favorable results for both the consumer and supplier.
One of the key overarching advantages that rise from the integration of blockchain technology within supply chain management is the decrease of waste emissions and increased environmental safety. Now, every single step of the supply chain can be monitored and analyzed, letting experts to properly evaluate what kind of environmental or health affects their products present. What’s more, this makes a higher standard of efficiency which will help boost the rate at which innovates their own technology as businesses seek to push the envelope for how efficient they can be.

Who’s utilizing blockchain technology within internal supply chains?
As seen to those in the transportation industry, companies in the food industry rapidly drove into the blockchain space and made a  “Walmart-led “Food Trust” including ten industry giants including prominent chains like Nestle and Dole. Together, these companies will work to strengthen and share data regarding produce transactions in order to prevent health crises. For instance, blockchain technology allows employees to trace any product to its source in just 2.2 seconds much faster than the full week that it usually takes. When the facts identify drastic improvements in efficiency of this scale, it’s hard to reject the claim that blockchain can be the future of all supply chain systems.
Blockchain will finally balance capital, eliminate middlemen, and give life to commerce as the applications of its technology continues to grow in markets beyond finance. Through the coming years, we can expect many more industries to be disrupted by this innovative technology as it quickly continues to arise as one of the most revolting systems we’ve ever witnessed since today!

 
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Download the Everus Wallet on the App Store or Google Play store

Have you ever thought about a day that there will be automated cars everywhere, paper becomes obsolete, and crypto no longer be the future of finance? It will be the ONLY way to do finance. This is how things will be in five or more years. With the recent emergence of crypto, we must be able to paint a picture of what the financial future would look like. Without further adieu, let’s indulge in this topic further..

This article will walk you through some fun and interesting facts entailed to the crypto world…

A Paperless World
In just a few years from today, paper will be completely outdated. Everything from small payments to burly bills will be paid through cryptocurrency, but that’s not all. Payments using Crypto will be the newest vibe all around and everything will be done just in the blink of an eye. Crypto will become so common that anyone and everyone will be using it, so it’s about time that you stop wasting your time and riddle through your wallet for that specific bill you need.

Gender Gap Shrinking
If you have, even the slightest bit of experience or exposure to blockchain and cryptocurrency industries, then you may have clearly noticed that these fields are predominantly filled and led by men.

The world of crypto has a shortage of female presence which will thereby strengthen the innovation and progress of countless fields with time. As the industry continues to grow, you can expect more women to take leading roles across blockchain companies. For all we know, it might even flourish from something that they directly worked on or facilitated to create an impact.

Crypto Millionaires
If you are currently investing a good amount of your money into cryptocurrency, then that crypto millionaire might actually end up being YOU. There is an old adage that says: “the early bird catches the worm”. This is very precise when it comes to the crypto world. The next wave of extremely wealthy people in the community will largely consist of crypto enthusiasts who chose to believe in its value  today. Although some might debate that people are currently sitting through a “Crypto Winter” where prices are only getting lower, the future seems much brighter.

Crypto Ahead
So what can we expect to see in the world of crypto beyond five years ?

All in all, the world will abandon paper usage as cryptocurrency payment elevates.  SO WHAT HAPPENS NEXT? Five years ahead for cryptocurrency could be filled with tons of potential results. Maybe Bitcoin will no longer be the top currency, maybe a new cryptocurrency will take over, and maybe the regulations and legislation circling crypto will change significantly. Maybe after fifteen, twenty, or even fifty years down the line, cryptocurrency will take on an entirely new role in terms of how it’s used across the world. At the end of this massive chain  we might see cryptocurrency completely pass through other forms of payment and legitimize its name as the next big thing since the internet.


Long story short, five years may seem like a long time from now, but that time it will be here before you know it. Together we are approaching a new and unique time in our lives where cryptocurrency is graced to take over the world of finance as we know it, which will certainly affect the bigger picture of our lives. Similarly, in the future when our kids or grandkids ask us about where we were and what we were doing when crypto was still in its early stages, what will we say? Let’s give it a thought…

The benefits of cryptocurrency are no longer kept hidden by a secret society. The image that cryptocurrency used to portray where people chose to disbelieve the idea it carries are all buried underground. Just like humans that get smarter in a learning environment, the value and system that cryptocurrency carries now are upgraded. This goes to show that cryptocurrency is here to stay.

But, what is so great about cryptocurrency? Apart from its function to act as a medium of exchange, what else can it do? It is indeed a prime time for cryptocurrency as it is immersing well with the adaptivity of the people. These digital currencies are now closely similar to the properties and values of what fiat currencies hold with the added security.

Let’s explore one of the things you could do with cryptocurrency.

You could..

Invest on crypto dividend
Crypto dividend has been one of the recent rave in the blockchain world. With the growth of crypto dividends such as Komodo and Neo, begs the question, is crypto dividend what you think it is? Collins English Dictionary defines “dividend” as:


Crypto Dividend is the literal dividend but using cryptocurrency with a few differences. Let’s look at the specifics:

Flexible Payout Duration
Instead of receiving payouts annually, users will be able to choose their preferred payout time such as daily, monthly or annually; depending on different organizations.

High Payout Rate
There are many different payout rates from many organizations. For instance, Komodo gives out 5% of dividend returns annually whereas EVR+ gives out 0.23% daily. While most companies give out different payout rates for every payout cycle, some do give out fixed rates. Crypto dividend payout rates are usually higher than bank dividends.

Passive Income Provider
Due to crypto dividend’s nature of regularliness and high payout return, crypto dividends are considered as a passive income provider where users receive continuous payout in return of minimal to no initial effort.

High Volatility
A unique good-bad characteristic of cryptocurrency is it’s high volatility. In comparison to fiat currencies, cryptocurrencies could take you from ‘hero to zero’ or ‘zero to hero’ in a split second.

EVR+, Crypto Dividend Made Easy
EVR+, available as an in-app feature inside Everus Wallet enables you to earn dividend payouts as passive income on a daily basis. What’s more, EVR+ dividend payouts are in the form of Bitcoin with a fixed dividend rate of 0.23%. Dividend packages are available from $1000USD. Hurry and get your passive income provider today!

Download Everus Wallet here to access the exclusive feature, EVR+.

Brexily, a cryptocurrency exchange platform is getting more exposure with the ongoing special promotions. Set to launch in May, Brexily continues to receive massive favorable responses and signups from every corner of the world. Unlike any exchange platform that offers only a mere trading experience, Brexily envisioned to provide a secure platform for both trading and online marketplace to fully utilize cryptocurrencies.

Brexily, Revolutionizing Cryptocurrency Exchange Platform

As a blockchain company that prioritizes the worldwide exposure of the blockchain industry, the online marketplace is an important feature for crypto users to be able to spend their digital assets in a safe platform. Users now have an additional option to manage their cryptocurrencies on an exchange platform where they are able to trade, store and spend all in one platform. What’s more, Brexily users are able to store their crypto assets in Brexily Prepaid Debit cards and withdraw at any local banks around the world in fiat currency. Brexily has its own layers of unique features waiting to be uncovered and not to mention, the various ongoing special promotions by Brexily.

Here’s a glimpse of  Brexily’s promotions and how you are able to procure it:

10 EVR Airdrops
Available from 1st February to 30th April, users that sign up for Brexily will be given FREE 10 EVR Airdrops. Simply activate the security features for your profile and you will receive a reward directly into your account.

10 Levels of Referral
It pays to have friends. Get commission for every person you refer to Brexily. All you need to do is get your friends to sign up for Brexily and you’ll get rewarded. What’s interesting is Brexily’s referral rewards go down to the 10th tier.

80% Cryptoback
Get rewards for everything that you do on Brexily! 80% of your trading fees gets shared with your very own community which is your referral. Brexily is all about rewarding the community and keeping everyone in circulation.

Referral Contest
Need a fast track to get some extra BTC? Get up to $1,000 worth of BTC through Brexily’s Referral Contest. Simply get 1,000 signups using your unique referral code to stand a chance to win grand prizes worth $1,000 to $500.

Trading Contest
If you’re an active crypto trader, this contest is made for you. Trade a minimum amount of $500USD on Brexily to win up to $3,500 from the monthly contest. What’s more, the contest extends up to 31st December as the ultimate winner that trades the highest value on Brexily gets to walk away with $100,000USD.


If you haven’t, sign up on Brexily now to enjoy these limited offers. Visit www.brexily.com and enjoy the special deal offers.

22nd March, 2020 - It has been days of being quarantined at home but yet, Corona Virus continues to ravish the lives and health of many. The effect of this pandemic has caused our lives to be utterly chaotic. From the global market crashing down to our safety violated by these monstrous infectious diseases. We don’t mean to diminish the pain and suffering, which many are and will go through because of the virus itself. It is a destructive human tragedy. It seems to be a difficult time we’re facing together but, it's important to remain calm. Although Coronavirus or COVID’19 is a dangerous disease with no known vaccine, it is an undeniable fact that many patients have fought through and made it. This proves that there is still hope.

“Taking responsibility puts you at choice and that allows you to choose how to respond to life's challenges.”

Let us look at some ways in which we can help as responsible members of the society:

Avoid the use of physical money
According to news, China is disinfecting bank notes as an attempt to control the outbreak due to a recent study that claims the virus stays longer on paper. Therefore, it is highly advisable to practise digital payments using online transfer, QR code or etc.

Stay at home
It's best to avoid close contact with people in the surroundings by staying at home and allow the virus to just pass through, making you untouchable. Stay calm and rest at home especially for those of the age of 80 and above, there is a higher risk of 14.8% in catching COVID according to Chinese Center of Disease Control and Prevention Data.

Wash, sanitize & use a mask
Wash your hands with soap/hand wash and water for at least 20 seconds. This helps to prevent the virus from staying in your hands. If soap and water are not readily available, clean your hands with a hand sanitizer that contains at least 60% alcohol. If you have to leave home, wear a face mask.

Clean & Disinfect
It’s sterile to clean and disinfect the frequently used surfaces and other areas regularly. Such surfaces include doorknobs, light switches, phones, sinks and etc. Use soap and water or detergent (with more than 70% alcohol in the solution) for a successful disinfect. Make sure to take a shower and change clothes after coming back home.


Everus Team is doing their best amidst the whole virus pandemonium as we are committed  to deliver the best service for our Everus Community. In this difficult time, we, from the Everus Team would like to express our deepest condolences to those affected by this pandemic. We sincerely hope that everyone would stay safe and healthy and practice healthy steps to prevent such virus to spread even further. The future is indeed uncertain but remember, we are all in this together; far away but together.

Recent studies show that almost 40% of SME businesses in the US now accept payments in cryptocurrency. This research also shows that newly formed businesses are more likely to welcome crypto payments than larger organisations. This is in part due to the new wave of tech savvy entrepreneurs who are embracing technologies such as A.I and Blockchain as the core foundation of their business.

As the adoption rate of businesses accepting crypto payments continues to grow, many business owners will at some point be faced with the question

How will accepting payments in cryptocurrency benefit our business?
 
Well it’s safe to say with the number of cryptocurrency users continuing to increase year on year, cryptocurrency is set to become one of the leading forms of payment globally, for transactions both online and in a wide variety of Brick and mortar businesses.
 
For now let's take a closer look at the factors you should consider when deciding if accepting cryptocurrency payments for your business is right for you.
 
Will accepting crypto payments increase your business revenue?
Probably the most commonly asked question. Accepting payments in cryptocurrency opens your business up to a wider consumer group and provided your crypto payment gateway is only charging you fees on the transactions processed, there should be no extra costs involved in providing this option for customers. If your business operates in a highly competitive industry such as “Online Fashion”, offering crypto payments is one way to stand out from your competitors and stay ahead of the market trends.
 
Do you receive payments from customers overseas?
With more and more businesses emerging into sectors such as digital gaming and Mobile Apps, The need for multi-regional & global payment solutions is becoming more in demand. Accepting payments in cryptocurrency is the ideal solution for businesses who receive payments globally due to crypto being borderless. As well as benefiting from zero currency exchange fees, business owners are also able to receive payments faster than conventional payment options such as credit cards and bank transfers.
 
Legality & regulations in your Country
While many countries have taken steps to become crypto friendly, there are still countries which have restrictions and strict regulations which are important for you to consider. Understanding the benefits it brings to the countries economy and growth, countries such as Australia, United Kingdom and Switzerland have been leading the way in becoming crypto friendly regions, with many more countries taking steps to join them.

With the emergence of more cryptocurrency users day by day, the eco-system fills in its gaps paving the way to a future of much more than money. Integrating crypto payment solutions  such as EverusPay enables you to accept cryptocurrency as a payment option for online transactions while receiving settlement of your funds directly into your business bank account within 48 hours in local currency based on your businesses registered location.
 
In a nutshell, cryptocurrency has slowly been legitimizing itself as one of the newest asset classes that should and will be making strides in improvements over the next few years or so. As such, anyone who owns an online business should highly consider integrating this system into their online store where tokens such as EVR could serve as a viable form of payment via payment solutions such as Everuspay. Although it’s still very early with regards to cryptocurrency being normalized for everyday payments, we are starting to see the emerging usability of cryptocurrencies.
 
 
To Find out More about EverusPay or Sign Up as a Merchant Visit  https://everuspay.com/

Would you like to earn more with cryptocurrency?

With EVR+, you can!
This latest feature inside the Everus Wallet app allows you to earn monthly dividend payout of 7%

But, you can earn more! Find out more on this link below:

https://media.everus.org/earn-more-with-crypto-dividend/

The PSIGEN Latest Update

The $10USD package was a way for new PSIGEN users to gain familiarity and confidence with PSIGEN.
Since then, PSIGEN has gotten a lot of signups!
After 6 months of this ongoing campaign, Everus has decided to discontinue the $10USD package.
Now, users are able to gain profitable earnings while still investing a reasonable amount starting from $100USD.

Visit our Instagram to see the daily profits from PSIGEN: https://www.instagram.com/everusworld/
or
Visit PSIGEN website to know more on PSIGEN: https://psigen.io/

Everus Launches New Wallet Solutions as Part of European Expansion Plan!

We have successfully integrated our wallet with Indacoin, allowing users the ability to instantly buy over
180 cryptocurrency tokens including EVR directly inside the Everus wallet using both credit/debit cards.

Read more about it on the link below:
https://media.everus.org/everus-launches-new-wallet-solutions-as-part-of-european-expansion-plan/