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Everex

Let's start this journey together 

We're adding 2 billion people to the world economy

Everex is a young technology startup in the Blockchain space with both a team and a business-model uniquely qualified to answer some of the challenges of international microfinancing.

 join https://www.everex.io/

Everex Ensures Shariah Compliance Alongside Financial Inclusion

Interest and remittance fees can cause the un- and underbanked to pay upwards of 10–30% in remittance fees and interest on loans. Depending on the circumstances, some loan rates can climb even higher. As a result, microlending has become increasingly popular across the globe, and especially prominent in Islamic culture.
Everex aims to significantly reduce the cost of international remittance and provide micro loans with low transaction and conversion costs by leveraging blockchain technology approach. International remittance costs are currently very high, with the cost of sending funds internationally at around 7.5%, according to the World Bank Group. While microloans may be cheaper up front, often they can very easily accrue a large debt.
Seeking to resolve these issues while also being Shariah compliant, including facets such as riba, Everex will offer competitive microlending rates and remittance fees while promoting rotating savings and credit practices through smart contracts.
By placing all of their records on a publicly auditable blockchain to help the underserved establish a credit history, as well as reduce the fees paid out to high-cost village savings and loan providers this crowdsourcing model encourages group accountability and expands on some operational efficiencies of traditional rotating credit and savings associations.

 

Everex covers financial inclusion and Shariah compliance

Everex intends to establish and maintain Shariah compliance during operations with Islamic customers. Among the methods slated to be used in compliance are flat-rate lending smart contracts which align with prevention of riba qard, growth due to interest outside the scope of an agreement; and riba jahiliyyah, debt growth in response to defaulting on payments.
By ensuring Shariah compliance and offering financial inclusion, Everex hopes to relieve financial stress on migrant workers, their families, expatriates, and any other individual that may fall into the category of un- and underbanked, totalling a market of more than 2 billion individuals. 

Everex Bounty and Link Referral Campaigns Are Now Open!

Everex has begun reimbursing the community for their support. In order to promote community engagement and give back to the ecosystem, Everex has set aside 1 million EVX tokens. Community is a core focus for the Everex Project and as such, Everex would like to compensate the community for following their passion. 176,720 EVX is set aside to engage and give back to our community!
  • The remaining 823,280 EVX tokens will be included in a bonus to token sale contributors!
Below is a list of open social media outreach bounties that will reward our community pursuing their interests and continued support.
Please note that all bounties are to be paid on a first-come-first-served basis, and that signing up for a bounty is required to be eligible for selection. Any attempts to abuse the system will result in permanent forfeiture of future bonus opportunities.
Everex would like to thank everyone for supporting the project!
[NOTE] Bounties will be paid within two weeks of token creation and allocation.

Link Bounty: blog.everex.io

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Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=59586
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