Evrynet (EVRY) is a blockchain designed to create decentralized applications based on smart-routing in its simplest definition. The Pi Network is a peer-to-peer marketplace that allows all of its users to spend their Pi coins in order to purchase goods and avail the services of their choice. In this post, we will find out more about both. Let’s get started.
Evrynet (EVRY) And Pi Network (PI): All You Need To Know
What is Evrynet (EVRY)?
If you’ve heard of the concept of centralized/decentralized finance (CeDeFi), you’ve probably heard of Evrynet (EVRY).
It aims to provide an infrastructure where developers and businesses can create an unlimited number of CeDeFi applications that can interoperate with the world’s leading blockchains such as Ethereum and Bitcoin (which can be traded through btc loophole ). Evrynet provides SDKs, APIs and templates for seamless integration.
The Evrynet team is particularly focused on: Scalable and interoperable multi-chain functionality, immediate transaction certainty, fixed gas fee plans and the ability of the initiator to pay the gas fee on behalf of users, and a flexible staking model.
What is the EVRY token project?
The native cryptocurrency of the Evrynet network, EVRY token, is compatible with Ethereum (ETH), Binance Smart Chain (BSC) and Stellar networks. With a maximum supply of 1,000,000,000 EVRY, the EVRY token has many important functions.
Gas fees for decentralized finance (DeFi) and decentralized application (dApp) projects on Evrynet are paid in EVRY tokens. EVRY tokens are used for transactions such as yield farming, staking, swapping and lending in the decentralized exchange. Block rewards for validators are also paid in EVRY tokens. Owning the EVRY token also gives you the opportunity to participate in the governance of the Evrynet network.
Who are the founders of the Evrynet project?
Evrynet was created in 2020 by Chatchaval Jiaravanon and Tridbodi Arunanonchai, both from Thailand.
Chatchaval Jiaravanon is known as an entrepreneur operating in the telecommunications, media and financial services industries. Jiaravanon also has investments in global companies in different sectors. Jiaravanon also sits on the board of several well-established companies in Asia.
Tridbodi Arunanondchai is a serial entrepreneur interested in the financial services industry. Besides the energy, digital credit and tourism sectors, he also has initiatives in blockchain technology. He is also a venture partner in a leading VC fund in South East Asia.
EVRY token statistics
EVRY token is a cryptocurrency with a maximum supply of 1,000,000,000 coins. EVRY token distribution is carried out at the following rates:
30%: Ecosystem, blockchain, gas reserve and marketing reserve
18%: Foundation and team
15%: Reserve fund
10%: Consultants and partners
10%: Early backers
10%: Private sales
What makes the Evrynet project special?
Evrynet (EVRY) is a network on which developers can create decentralized applications and CeDeFi projects. With a particular focus on the Southeast Asian market, Evrynet offers scalable and interoperable multi-chain functionality. Evrynet is a fast, cost-effective and flexible solution for developers.
Evrynet uses smart contracts to provide an infrastructure for developers to build decentralized applications. It brings together a financial services portal, a network of contracts, and an accounting and reconciliation component, as well as smart contracts.
What is Evry.Finance?
Evry.Finance is the first decentralized application created on the Evrynet network. Launched in the second quarter of 2021, Evry.Finance aims to bring institutional investors together with the world of decentralized finance (DeFi).
Evry.Finance provides flexibility, stability and deep liquidity. It achieves this with enterprise-targeted features such as multi-signature wallets, enterprise smart contracts, and a Hybrid DEX with order book and AMM/DMM pool.
An important use case of Evry.Finance is to bridge real-world asset/return to DeFi or asset tokenization. In other words, Evrynet opens a door between real world and digital financial services with Evry.Finance.
What did the Evrynet whitepaper talk about?
The EVRY token whitepaper highlights that the Evrynet project facilitates access to financial services and practices aimed at making these services efficient and affordable, where lack of trust hinders them”.
How to get EVRY token?
The EVRY token can be traded on trusted cryptocurrency exchanges. It is also possible to trade in EVRY TRY parity.
Evrynet (EVRY) Frequently Asked Questions
What does Evrynet (EVRY) do?
Evrynet (EVRY) creates an infrastructure where developers and businesses can build an unlimited number of CeDeFi applications that can interoperate on multiple blockchains.
What does the EVRY token do?
EVRY token is the native utility token of the Evrynet network. It is used in works such as staking and yield farming, as well as payment of transaction fees in the network. In addition, the rewards of the validators are distributed as EVRY tokens.
What is the EVRY token supply?
The maximum supply of the EVRY token is 1,000,000,000 EVRY tokens.
We are still in the early days of blockchain technology, and the Pi network and coin hope to stand out among a crowded field. The Pi coin is currently in beta mode, but they are considering adding users to the word-of-mouth network as nodes.
What is the Pi Coin?
Pi Coin, which has been mentioned frequently on various platforms in recent days, is a new generation digital cryptocurrency. Their basic motto is to be the most used platform in the world and to create a market that serves digital money among members.
The Pi Coin was created by three Stanford University graduates. It’s based on the Stellar platform and features a sharing model that is driven by the people using it. It simulates the mining process with the updates they made, although the Stellar platform did not allow mining during the development process.
Pi differs from other cryptocurrencies in its mode of operation.
How is the Pi Coin mined?
These days, most cryptocurrencies are mined using advanced graphics cards which consume a copious amount of electricity. This is where Pi stands out. It allows its users to mine without the requirement of electricity or the internet. As long as you are inside the Pi Network, you will be able to mine. Upon starting the mining procedure through your mobile app, the Pi Network will continue to mine even if your phone is switched off.
After logging into the application and starting the mining process, Pi Network earns you Pi every 24 hours. After you finish this 24 hour mining three times, Pi Network allows you to become a contributor and set up your personal security circle.
You can dig as many friends as you want to this security circle you have created. In addition, you can benefit from the excavation process performed by only 5 of your friends who signed up to the system with your reference code.
As in the production of all other cryptocurrencies, the halving process, also called halving, takes place in Pi after the excavation process reaches certain levels. So, as you can see, as the current member reaches the new powers of 10, your profit from the excavation process is halved. The existence of this system in cryptocurrencies, on the other hand, aims to make money difficult to obtain and gain value day by day.
How to Register for Pi Network?
In order to join the Pi Network and dig, you must first download the mobile application from the relevant stores and register with a friend’s reference code.
After you download the application and become a member, you will receive a notification every 24 hours and you will be able to start the excavation process by clicking the lightning icon in the application. After you start the excavation process, you will form a circle with both the person whose reference you are a member of and then with the people who become a member with your reference, and your digging speed will increase by 25%. After starting the excavation process, turn off the internet or your phone, this process will continue by itself.
What is the Circle of Safety?
After installing the Pi Network application and completing the excavation process 3 times for 24 hours, the system promotes you to the role of the contributor and allows you to create a security circle.
The people you invite are added to the security circle and you can benefit from a maximum of 5 people. Thanks to this safety circle you have created, your digging speed will increase and you will earn more Pi.
In addition, in order to earn Pi in the security circle, you have to dig at the same time as the people who signed up with your reference. If your references are finished while your excavation process is in progress, you will not be able to earn a Pi.
When will Pi be listed On crypto exchanges?
In order for Pi to be listed on cryptocurrency exchanges, it must first switch to its own main blockchain (Mainnet). A replica blockchain tests all functions of the system as well. After all these tests, if the Pi proves to be operating without errors and untouchables, it can switch to the main blockchain, the Mainnet. Pi can be listed by crypto exchanges once all these transactions are completed.
What is the Pi Coin Price?
Pi Coin currently has no current value as it is not listed on cryptocurrency exchanges and is still being mined.