The Everest Foundation, a non-profit DEO (Decentralized Autonomous Organization), is on the way to providing access to a wide variety of financial services to all human beings in a private and secure ecosystem.
Malta, December 2021 – A non-profit DAO (decentralized autonomous body), the Everest Foundation (EF), announced its offering of 15 billion digital identities along with absolutely free Wallet ID tokens. The Everest Foundation is building a decentralized, unauthorized blockchain to allow every individual to access the “global credit union” that offers online banking, finance, and credit services at low interest rates.
The chain strengthens the advanced financial infrastructure offered by the Everest Network, which is a regulated and licensed custodian with the blockchain network for eKYC, payments, cryptocurrency, and various other financial and credit services.
The EF offers its users digital identities, free of charge, and a digital account where money can be stored along with credentials, documents and cryptocurrency. Registration for this account is currently available and open here. The associated wallet and identity are designed to provide complete privacy, which means that no organization or entity, including the Everest Foundation, can unilaterally access a user’s identity store.
Users can operate under a pseudonym and share credentials in a granular fashion. The EF system is built around a single, deduplicated human identity. The privacy-centric design of the platform allows users to reveal evidence of lack of knowledge of particular data such as their KYC status or age without disclosing their personal information.
EF does not require any special hardware, allowing users to verify and create identities and portfolios with just a camera with autofocus function, good resolution of 2 megapixels minimum and a stable internet connection.
What strengthens this system are the identification tokens. Each registered user receives 0.001 ID to access this system. Several SEO campaigns are also underway. The EF reserve already has 15 million tokens allocated to offer 15 billion wallets and preliminary identifiers to all.
Identification tokens come with utility functions that provide token holders multiple benefits within this system. Members of Everest will soon be voting on Tokenomics model, rewards, prizes, and burn percentage in the coming weeks. After this first vote, the delegators and validators will vote on governance decisions relating to the decentralized and unauthorized blockchain.
Tokens are also used to access a wide range of services and products within the Everest ecosystem, including identity verification and creation, global remittances, payments, DeFi (decentralized finance) services. ), eKYC, the minting of new non-fungible and fungible tokens, the purchase of Universal Stablecoin from the Everest network and many more. With its licensed, regulated and secure stablecoin, the Everest network will most likely offer an ecosystem accessible to the whole world, thus allowing both withdrawals and transactions in Fiat currency for the utmost versatility.
The tokenomics model offers users additional protection against inflation since the highest bid is set at around 800 million euros. However, a certain portion of the transaction fee is passed to a validator, who verifies this as a bonus or reward.
According to Jamal Khokhar of the Everest Foundation, with this new tokenomic model and governance, the company would usher in an always inclusive future. Anyone can join this system, and the platform will allow users to fully take over their identity and conduct transactions on a global scale.
About the Everest Foundation
Everest Foundation, a non-profit, decentralized autonomous organization (DAO), builds a decentralized global network without authorization, along with built-in verification and identity creation. The foundation is built on the principles of Identity for the United Nations Sustainable Development Goals. One of its main objectives is to make easy and secure access to financial services and identities accessible to the whole world with democratic and decentralized tools. For more information visit https://everestfoundation.net
About the Everest network
The Everest Network is a regulated and licensed cryptocurrency custodian with a fast blockchain network. It is the world’s first programmable global stablecoin, offering global fiat-to-crypto and crypto-to-fiat transactions and a portfolio of financial services including cryptocurrency trading with access to over 200 currency pairs, earnings, loans, international remittances, staking and foreign currency. The network’s unique digital identification is based on biometrics which allows its users to verify their identity and share credentials, digital evidence and attributes according to their choice of people. For more information visit https://www.everest.org/