Review on Everex by Robiul Islam
It has a long history for a blockchain project and with their recent approval…
It has a long history for a blockchain project and with their recent approval to add U.S. customers appears to be on the right track. They have also recently received approval from Thailand and Myanmar to deploy their technology for international remittances between the two countries. I would definitely encourage you to do your own research but the project does seem to be making strong headway. There is definitely a need for affordable remittance solutions and Everex is providing a solid alternative. Long term holding is good because of the strong team and genuine need for Everex’s products. Omise GO is in competition with Everex but the market is large enough for both projects to thrive.
Updated 5 years ago
Rating has not been changed
Everex(dot)exchange is now open for business and accepts customers. You will find a quite high number of listed tokens along with OTC (Fiat) section available for many countries.
Everex wallet adds now support for Europe and EVX token. Unlike other service providers, they do not restrict users from conducting transactions using the Everex cash wallet while waiting for KYC procedures to be completed, meaning they can immediately use the platform to perform EVX transactions as soon as they set up their wallet.
Pros
- •Large demand for the services, it can help those who are unbanked, Migrant Workers, Tourists. •It will use 20% of its net profit to buy back EVX, which provides for the token to appreciate in value. •Projects like this are the following stage forward for blockchain technology. •Everex has developed technology, for example, ethplorer DOT io, Chainy and Everex Wallet. •Experienced team with various successful projects on Ethereum under their belt. •The team has already tested their project in the real world with great results.
Cons
- •This is a new project and a lot of innovation is required. •Regulatory uncertainty. •Current crypto-market volatility. •Everex has a more ambitious plan of expanding into mature and emerging markets globally.
