EVX TOKEN

As a first of its kind blockchain microfinance service, Everex is powered by a cryptographic membership token - The EVX token.

Whitepaper

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Business-Backed Token

The EVX token fulfills a multitude of utility functions on the Everex Microfinance and Payment Platform:

1. Membership

Proof of EVX ownership is required to access advanced features, such as immediate on demand credit.

2. Global Credit Scoring

Accumulation of EVX allows low credit rated individuals and small businesses to improve their credit score regardless of their location. Machine learning powered analytics of financial activity and personal data provide highly accurate and reliable scorings.

3. Incentive and rewards Mechanism

Loans paid back in time reward users with an EVX bonus, improving credit scoring, while late payments entail an EVX levy, reducing the scoring. Friends and relatives vouching for the borrower earn EVX rewards as well.

4. EVX as a collateral for secured lending

EVX is accepted as collateral, enabling borrowers to access credit at lower interest rates along with other perks.

I AM A BUSINESS OWNER
AND I WANT TO CONNECT TO THE EVEREX PAYMENT NETWORK

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