Quote from: Alexila on June 19, 2017, 09:58:52 PM

Everex Creates a Global, Inclusive Economy
With Blockchain-Powered Microfinance and Remittance Services

About Everex

Everex was among the first teams to build applications on Ethereum and has enjoyed years of experience in the blockchain space. Our products and API serve many renowned projects in the Ethereum ecosystem, such as Coinigy, Chronobank.io, RSK, Coinbooks, and many more.

Building on a network of international partners and our already existing products - the Everex Mobile Wallet, and the Everex CryptoCash project - Everex develops the first blockchain-powered micro-finance and remittance service for fiat currencies.

Our goal is to combine blockchain technology, abundant mobile infrastructures, and machine learning software, to allow billions of underbanked individuals in the developing world to access affordable financial services anywhere and to become part of the world economy.

Instant Microcredit and Remittance

The new Everex mobile wallet will allow anyone to

Borrow Money, in any currency, anywhere
Transfer Fiat Money, across borders, instantaneously
Buy Foreign Currency, and use it globally

Building on the Ethereum blockchain, Everex is the first company to offer cross-border microcredit services, and the first to make all financial activity available for public audit on the blockchain.

How We Make it Happen

Microfinance
Everex does not operate on the basis of p2p loans. Instead, we invest our aggregated Capital to provide microcredit services, accessible globally and instantaneously on Mobile devices.

Offering microcredit via smartphones allows Everex to lend at professional levels of risk management. Utilizing state of the art AI and Machine Learning technologies, Everex calculates personal credit scores and determines risk and interest rates on the basis of individual user information and behaviour. This allows us to lend to billions of individuals who cannot access microcredit services through traditional channels.

Remittance
Everex transactions are settled on the basis of 100%-backed, Ethereum-based Cryptocash currencies. For every Cryptocash dollar, one US dollar is held in a publically viewable third-party escrow. Cryptocash can be redeemed at will and hence it is value-pegged to its fiat counterpart. As a result, fiat money can now traverse the globe at the speed of the blockchain.

Cash-Out and Trade
Everex builds a global network of partners and vendors that accept Everex transactions as payment, while functioning as cash-out stations at which Cryptocash can be redeemed against fiat currency. Everex remittance services are offered at highly competitive rates and easily out-compete those of credit cards and bank transfers, and hence they present vendors and service providers with enormous incentives to join the network.

Wallet and Blockchain-Browser Technology
In order to make our vision a reality, Everex has developed one of the first mobile Ethereum wallets, capable of hosting and transacting ERC20 tokens and browsing blockchain transactions, as well as acting as a smart contract viewer.

Use Cases

The Un- and Underbanked
For more than 2 billion individuals without a bank account, Everex provides immediate access to microfinancing services and cheap, global remittance services.

Migrant Workers and their Families
Everex provides the fastest, cheapest, and easiest way for migrant workers to send money home and sustain their families.

Tourists and Expats
Instead of obtaining traveler checks, or paying excessive conversion fees, visitors in foreign countries can buy and use any currency, anywhere in the world.

Aid Organizations, NGOs and Governments
By streamlining relief and foreign aid programs, Everex allows for the easy and publicly auditable distribution of funds to developing countries.

The EVX Token

Everex seed capital will be raised against the Everex token (EVX) in a publically accessible initial coin offering (ICO). Funds raised this way will be used to finance Everex operations and to serve as the bootstrap capital for Everex credit and remittance services.

Everexs main profit center comprises payday loans and microfinance services, which, due to professional risk management and underwriting expertise, are estimated to generate a 50-250% ROI annually at extremely low default rates.

Everex profits not directly reinvested in growth and expansion will be used to buy EVX tokens back from the market, guaranteeing that Everex success is shared with EVX token holders.

EVX tokens can be used as a collateral to obtain a loan in any cryptocash currency for Everex investors at low rates. Everex is confident in the value of our tokens to offer this service.

The EVX Loan smart contract will be created where user will be able to select the amount requests and loan term, and if agreed with other conditions, loan will be issued once EVX tokens (collateral) is sent from borrower to EVX lending address.

Should this loan be defaulted, collateralized tokens will be sold at the market and profit included in the next schedule token buy back event.

You can already download the Everex mobile wallet > > https://everex.cash/#

Social Media Links

https://everex.herokuapp.com

https://t.me/everexio

https://twitter.com/everexio

https://www.facebook.com/everex.io/

https://www.reddit.com/r/Everex/

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