Everscale Launches Limited-Time Boosted Staking Program

EVER holders will be able to enjoy unique benefits such as earning up to 20 percent annualized yield.

Everscale (formerly Free TON) presents a Boosted Staking program for those who love to seize an opportunity. This limited-time offer provides EVER holders unique benefits. Designed to enable participants to receive passive income, individuals can send tokens to a special smart contract called a Depool, where they will help in validating transactions on the blockchain. 

What is a DePool?

The Depool smart contract has passed what’s called formal verification, ensuring it is safe to allocate funds to it while keeping your own control over decisions, meaning, it’s your money. Put it in or take it out at your discretion. 

What is a DeBot?

The Debot is a decentralized interface for communication with the Depool smart contract, offering a convenient and easy-to-use experience. 

Tell me more!

Why, certainly! Ever Surf’s Boosted Staking program was conceived to support independent validators and decentralization. Staking has previously been regarded as an intimidating process, whether the user interface is not intuitive or the users are required to have significant token balances in order to participate. The Ever Surf browser and wallet resolves the first issues by giving users the ability to interact with the smart contract and successfully stake their tokens by running a simple chat-like interface within the browser. This interface is called the DeBot. 

Further lowering the entry barrier, the boosted staking program allows users to stake as little as 100 tokens to participate while the duration of the lock period is also up to the user. From 6, 12, 18, and 24 months, stakers can take advantage of varying benefits with the additional APY reaching as high as 15%. The rewards are distributed after each validation cycle, with the withdrawal process from the Depool taking up to 54 hours.

Everscale Network is proud to be lowering the entry barrier and welcome new users into the staking process to experience how easy it is to earn rewards. Through this initiative, the team is encouraging the users to participate, increase the liquidity and welcome more projects in the near future.

Great, how do I start?

To participate in the Boosted Staking Program, please install the Surf Everscale browser (if you don’t already have one) and activate your new wallet. Buy tokens in Surf, MEXC, Gate.io, or any other exchange of your liking where EVER is listed. 

After getting tokens on your Surf account run the Boosted Staking Debot, follow the simple instructions, and enjoy the surf!

Depending on the number of tokens you’d like to stake (100-999, 1,000-9,999, 10K-100K, 100K+) and the duration of time you’re willing to lock your tokens in (6, 12, 18, and 24 months) an additional APY will be award of up to 15% will be added to your account. 

Note: Traditional staking gives the user a basic 5% APY. Thus the total APY can reach up to 20%. The rewards are paid after each validation cycle with the withdrawal procedure from a DePool that may take up to 54 hours.

Useful links:

• Website: https://everstake.space
• Boosted Staking Debot: https://uri.ton.surf/debot/0:e07fc1a5bed9a9c4ab4dd4c75b323c8e7cda28e571258cf4208f1a0dad818112
• Ever Surf: https://ever.surf

About Everscale Network

Everscale is a layer one blockchain that uses Proof-of-Stake (PoS) consensus and runs on 400+ decentralized validators. Enabling trustless, efficient and interoperable blockchain solutions, Everscale is driven by the distributed community and network of projects. The network technology uses multithreading that makes it scalable and able to process millions of transactions per second, while being safe and secure.

Proposing a scalable decentralized world computer, paired with a distributed operating system, Everscale is capable of processing millions of transactions per second and presents new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming. 

Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains and is dedicated to empowering communities to explore, build and develop blockchain solutions.

About TON Labs

Founded in May 2018, TON Labs is a global collective of experts in decentralized application development, and the core developer of the Free TON network -- a decentralized, community-driven blockchain and its major component TON OS. As the core developer of Free TON, TON Labs is committed to optimizing the development of applications easily accessible to global communities and enterprises. 

True end-to-end decentralization is enabled by the TON Operating System (OS), a technology stack that expedites blockchain development and lives on the community-driven Free TON blockchain. With absolute trust and legitimate data ownership, developers are furnished with the tools to foster mass adoption of liberating and integrous tech.