From the desk of Anna Vladi, COO Everex US
On August 13, 2019 NJ Department of Banking and Insurance issued us full Money Transmitter License with the ability to conduct the following activities:
-Crypto-Fiat exchange peer 2 peer;
-Crypto-Fiat exchange with US based exchanges (Coinbase, Kraken, etc.) on behalf of our clients;
-Domestic payments using blockchain;
-Peer-to-peer payments using blockchain;
-Crypto-Fiat-Stable token transfers peer to peer domestically and internationally.
This license gives Everex full capacity to test its solutions in the US market with the above-mentioned use cases.
On August 13, 2019 NJ Department of Banking and Insurance issued us full Money Transmitter License with the ability to conduct the following activities:
-Crypto-Fiat exchange peer 2 peer;
-Crypto-Fiat exchange with US based exchanges (Coinbase, Kraken, etc.) on behalf of our clients;
-Domestic payments using blockchain;
-Peer-to-peer payments using blockchain;
-Crypto-Fiat-Stable token transfers peer to peer domestically and internationally.
This license gives Everex full capacity to test its solutions in the US market with the above-mentioned use cases.
Comment:
CEO Alexi Lane lays out a clear EVX use case strategy, the EVX token will grant holders a 50% discount on all fees occurring in the Everex money transfer ecosystem and to facilitate collateralized lending with interest earning for lenders. Any EVX holder can provide loans to borrowers using their EVX via the Everex wallet, and you earn up to 10% a year compounded interest. That's a CLEAR strategy to bring value to the EVX utility token.
Comment:
Circulating Supply:
22,700,000 EVX
Total Supply:
25,000,000 EVX, Source: coinmarketcap
Unlike XRP, EVX does NOT have billions and billions and billions of coins to dump to market causing price destruction and once the EVX token is integrated into the Everex money transfer system, demand will grow for EVX causing the fractional slicing of each coin (Satoshi principle) thereby increasing its value exponentially.
22,700,000 EVX
Total Supply:
25,000,000 EVX, Source: coinmarketcap
Unlike XRP, EVX does NOT have billions and billions and billions of coins to dump to market causing price destruction and once the EVX token is integrated into the Everex money transfer system, demand will grow for EVX causing the fractional slicing of each coin (Satoshi principle) thereby increasing its value exponentially.