EverRise ($RISE) the hyper deflationary token explained
What makes EverRise special?
EverRise first feature is the reflection of all the holders that appears on each transaction. This is not unique to EverRise; it was first seen on SafeMOON and has been a huge success, so they kept it in the EverRise token. What makes it unique is its buy-back feature that is triggered on each sale if enabled. Instead of converting tokens into liquidity, the EverRise token accumulates BNB to its contract address that is used to buy back and burn some tokens for each time a sell occurs. We have seen EverRise do some big rapid buybacks to burn a larger amount of tokens as part of this feature as well.
Security risks with the tokenomics
As with most tokens that you find on-chain, there are some risks with investing. The EverRise token overall is well built and has no security risks in itself. However, since it does not convert liquidity, the token is easier to push in both directions, making it quite volatile. As with all tokens if you are looking to buy a fork make sure that the initial liquidity is locked or burned and that the tokens have not added any malicious functions to be able to withdraw the money from the contract.
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