/biz/ - Business & Finance

Ev*r*st (Ticker: !|) ) top performing ZK coin on CG today
Fuck you

wtf biz you said this shit was a total scam and its up 50% today randomly and not dumping. what happened?

>>53661518
This roadmap makes so much sense now

>>53118268
Its true, even refuses to serve Africans. Dare I say it's 'Our coin'

Can't profit off the labor of Africans. Fuck Africa.

>>50795298
By excluding Africa from their payments rail/remittance roadmap.

>>50604989
In the shorter term they are focusing on setting up remittance rails worldwide that are already faster and cheaper and more accessible than current methods. Sofar they are live from US/Mexico, and planned upcoming rails are (pic related.)

In the longer term they will be using their stack to offer KYC/AML to crypto services/Dapps as regulatory laws are put into the crypto space. A bonus perk for integrations will be Everest offering sybil resistance & Tradfi payments directly on-chain right to their Dapp.

Price will go up as all these services will take ID token for payment, 60% of the transaction will be burned, with 40% paid to validators. Validators themselves will need 400k ID staked to run a node, (with 21 minimum nodes needed and 100 maximum) anyone with less than the 400k can delegate to a Validator of their choice for earnings.

Someone a few threads ago was talking about Brad meeting with Everest team at the yacht part for a partnership, sounds like it could be real after all, if so it's already live.

https://www.youtube.com/watch?v=yAabZfNA1Hc

>>50246840
Update article was released on that the other day
https://everestdotorg.medium.com/token-release-schedule-7db4d4aed964

Main takeaways:
>Seed investors all agreed to stay locked in until August 2023
>Development funds locked until January 2023 with a gauged amount released over the next 3 years
>Full Productization likely to start around the same time.

>>50215184
can someone explain?
This is a leaked partnership doc between Everest and Moneygram. Everest recently set up their first remittance corridor between USA/Mexico, and have a (pic related) roadmap to set up corridors worldwide. Seeing as Everest is faster and cheaper and can be done off your phone instead of inside a Moneygram building, this sounds like a pivoting partnership because Moneygram is about go the way of Blockbuster.
https://twitter.com/EverestDotOrg/status/1534279915180376067
https://twitter.com/EverestDotOrg/status/1537854136154202112

Should I buy something?:
Everest Ticker: $ID

>>50180525
There are numerous established proof of concepts in place.
Indonesia leveraged Everest's platform to streamline oil subsidy distribution with millions of locals securely storing their private data. This saves Indonesia 1.3 Bn in subsidy funds per year.
The fully functioning Fiat on/off rails for Remittance payments between the US and Mexico outpace established Remittance systems, and undercut the cost of transfers by orders of magnitude.
The ID token is needed for the expanse of utilities Everest provides, crosschain, into any dApp.
CRDT is needed to replace existing fiat systems with regulatory compliant, programmable CBDCs.
The project won't be limited to only Ethereum, it's crosschain and bridging TradFi <-> DeFi while utilizing its own Everchain.

The demand will come from crypto services being forced to meet incoming regulation standards for their platforms.
Everest is the only one ready with a crosschain, globally operating solution that the industry is suddenly being required to adopt.
User onboarding is tied to the referral bonus program these crypto services will be taking advantage of to get people signed up for their now regulatory compliant products.

>some info about referrals
https://medium.com/about-everest-updates-and-news/welcome-to-the-everest-referral-program-80c4b181ad90

>>50081972
Limited use cases for now, so all but the most hardcore autist would wait to try use it. Currently have a working ACH Fiat <-> Crypto pipeline but its only for Remittances between USA and Mexico.
Demonstration here:
https://twitter.com/EverestDotOrg/status/1537854136154202112

Latest newsletter said they are adding more remittance corridors, as per the posted roadmap, and currently building TradFi <-> DeFi USD payments crosschain for ETH & Polygon.

>>49900785
Very much still exist. They just lauched a working remittances rail from US/Mexico the other week and will be deploying them to many more countries, faster and cheaper remittances.
Meanwhile cRipple has been circlejerking about setting remittances up and have nothing to show for it after 9 years, Everest has it built.

>>49636680
How many of them already have a 'to market' product running? Everest launched remittances from US to Mexico and has a roadmap to expand to many more countries. You know what market goes up in recessions? Remittances.