Everburn Price (EVB)

Everburn is a Hyper-Deflationary reflection token, rapidly burning supply on every buy and sale. The burn process is percentage-based, so as supply diminishes, the burn rate slows down, and every holders' share percentage of the total supply increases. This deflation process dynamically determines the amount of reward token (currently USDT) that the smart contract reflects to the holders in real-time on every sale.

The problem that all reflection tokens face for long-term sustainability is that they require consistent trade volume to stay relevant. Once the trade volume drops, most holders sell their tokens and abandon the project. There is no correlation between the trade volume that generates the reflection rewards and the token's speculative spot price. They work independently and against each other to ultimately send the token into inevitable failure.

This is where Everburn comes in. The burn mechanics causes buy pressure as the supply rapidly decreases, and because the reflection tax is backload on only the sell side, it deters sell pressure, rewarding holders when people do. The Primary focus is burning supply, USDT reflections is a by-product of the premise.