Everex (EVX)
A Blockchain-Based Capital Transfer System.- Everex is a financial technology company aiming to "facilitate the application of stablecoins for peer-to-peer money transfers, merchant payment settlements, and fiat to digital asset exchange transfers".
- It focuses on fiat and asset-pegged stablecoins that are powered by smart contracts and exist on the Ethereum blockchain as ERC-20 tokens. It supports stablecoins such as USDC and DAI.
- The platform also features a custodial borrowing and lending service that allows users to borrow assets while earning interest on their collateral.
- EVX is the utility token that powers the Everex product ecosystem. It will grant 50% discount on fees incurred on Everex platform if used as its default payment method. It is further intended to use EVX as a cashback reward point in the future.