EverValue Coin (EVA) Consolidates an Economic Model with Growing Bitcoin Backing
EverValue Coin (EVA) is strengthening its economic model, backed by growing Bitcoin reserves in an audited smart contract called the Burn Vault.Summary
EverValue Coin (EVA), built on the Arbitrum network, anchors its value to Bitcoin held in an immutable, audited smart contract known as the Burn Vault. This vault receives daily Bitcoin inflows from the project's expanding Bitcoin mining operations, which currently yield over 15 bitcoins monthly from 2,000 proprietary ASICs. The vault currently holds over 330 wBTC, establishing a structural price floor for EVA when tokens are burned. The model integrates physical mining profits with on-chain transparency, and the project also fosters community engagement through rewards and expanded exchange listings on platforms like BingX and BitMart. To accommodate its market price moving above its intrinsic backing, EverValue is preparing a second backing vault to allow redemptions closer to the current market value.
(Source：BeInCrypto)