Hello Community!
Our launch was less than desired and the team acknowledges and apologizes for that but we did learn key things, which we will apply as we move forward. Several marketers were paid in tokens but simply dumped hard instead of promoting it to increase their value of payment, and in turn caused a massive crash in the price of $EVER upon launch. We will no longer be paying for any marketing via tokens; always BNB or stables from this point on. However, the development will continue and the fundamentals of the project remain as is; this will be one of the first DEX’s on KCC, and the first one with multi-chain support. $EVER available on both BSC and KCC will be exchangeable 1:1 via the custom bridge.
The team wants to go ahead with the DEX launch first on BSC, followed by a short decision period. If some base bridge comes out within this next week, then we will do a bridge for tokens, swiftly followed by the KCC-side token launch, then the KCC version DEX. However, if there are no bridges ready yet, we will do the KCC side launch first, followed by the DEX on there (with the same name), then the bridges up when ready. Chain to chain bridges require off-chain solutions which can take quite long and be very complex. If KCC comes up with one sooner rather than later we will build our custom token bridge on top of it.
Right now, while development is happening, the rest of the EverSwap team will focus on rebuilding the community and trust within. As mentioned yesterday on the voice AMA, we will have one weekly every Sunday; we will try to play around on the time scheduled to include as many people as possible. There will be more community events and community tasks as well as an incentive for those who held through the launch, snapshots are being taken periodically so we can see the progress of holders.
We will release more updates and information about the DEX and its features at launch in the next article!
