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Everex is a financial technology company aiming to "facilitatethe 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.
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.