The RISE price update as of now is $0.001200. In the previous 24 hours, its trading volume was $23,767, and its value has increased by 1742.55%. As of now, RISE's live market cap is $85,831,908, and it is ranked as the #2814 on the Coincu. RISE has a circulating supply of 71,618,033,988 and a maximum supply of 71,618,033,988.

If you have been following the cryptocurrency market recently, you may have noticed one of the top-performing coins: EverRise (RISE). Over the past 24 hours, the EverRise coin has seen a significant surge of more than 20%, grabbing the attention of many investors. This recent increase adds to the consistent progress that the RISE coin has been making since its launch a few days ago. In this article, we will provide information about the EverRise project and the RISE token. EverRise Project Overview EverRise is the first cryptocurrency to introduce the original buyback mechanism. With over 1700 tokens now incorporating a buyback function in their tokenomics, it is clear that EverRise's innovations are already revolutionizing the DeFi space. EverRise is setting a new standard for DeFi tokenomics with its innovative Buyback and burn system and groundbreaking use-cases. So far, 267,567,100,419,681 tokens have been burned, which accounts for 26.76% of the circulating supply. Since all of these tokens were actively traded on the market, their removal creates a true supply constraint, making EverRise Hyper-Deflationary. Key Features How the Buyback Mechanism Works EverRise (RISE) made its debut on June 22, 2021, and has quickly gained attention from investors due to its potential for significant growth despite being only two months old. The token operates on a new standard of DeFi tokenomics and features an innovative 'buyback' function and burn system aimed at revolutionizing the space. The RISE buyback function, known as 'The Kraken,' acts as a safety net when large holders sell their tokens by funding a 6% strategic buyback fee, which is then reinjected into the token. Whenever the 'buyback' function is activated, it automatically repurchases and burns tokens after each sell transaction, with the amount added to the liquidity pool. This process ensures a true burn that guarantees an increase in the token's price every time the 'buyback' is triggered. 'The Kraken' enables EverRise to maintain a stable price during downward market trends, counteract manipulations and whale dumps, and secure its position for long-term growth. Development Plan The EverRise development team is currently working on creating innovative Dapps to address major issues within the DeFi industry. They are currently focusing on two key solutions: EverOwn This solution aims to tackle problems within the DeFi industry. It has been observed that many projects, especially new ones, relinquish ownership of their contracts to gain the trust of communities. However, this can hinder project growth as exchanges often require minor contract adjustments for listing. EverOwn will allow the community to vote on returning ownership of the contract to the developers for necessary adjustments. This way, developers can gain 100% community trust without renouncing their contracts. EverLock + EverSale In the future, EverLock and EverSale will be the Dapps responsible for running pre-sales and locking liquidity pools.