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EverValue Announces Burn Vault Boost Upgrade to Its On-Chain Backing Mechanism

EverValue (EVA) has announced the launch of the Burn Vault Boost upgrade on February 6, enhancing its existing on-chain backing and burn mechanism. This new feature introduces an additional vault that operates alongside the original Burn Vault Core. Instead of distributing Bitcoin (BTC) backing uniformly across the entire token supply, the Boost applies it to a predefined subset of tokens. This change is designed to increase the sensitivity of the reference burn value to BTC deposits over time. The Burn Vault Core continues to back the full circulating supply of EVA, while the Boost complements it by altering how backing is distributed. The upgrade is implemented via on-chain smart contracts, with all backing levels and reference values publicly verifiable. User participation is passive and requires no action beyond holding tokens. The mechanism has undergone a security audit by CertiK. EverValue is an on-chain protocol that integrates Bitcoin mining with a fixed-supply token model and transparent backing mechanics.

TheNewsCrypto02/05 15:05

EverValue Announces Burn Vault Boost Upgrade to Its On-Chain Backing Mechanism

TheNewsCrypto02/05 15:05

EverValue Coin (EVA) Consolidates an Economic Model With Growing Bitcoin Backing

EverValue Coin (EVA) is a token on the Arbitrum network that has developed an economic model backed by Bitcoin mining and on-chain transparency. Its value is supported by a verifiable and audited smart contract called the Burn Vault, which holds over 330 wBTC. This vault only releases Bitcoin when EVA tokens are burned, establishing a predictable price floor. The project operates its own Bitcoin mining infrastructure with over 2,000 ASICs, generating more than 15 BTC monthly in net profit, which is deposited daily into the vault. EVA also engages its community through rewards, airdrops, and token burns, while expanding its presence on exchanges like BingX and Mercato Bitcoin. It has further increased visibility through event sponsorships and sports partnerships. With growing institutional presence and a commitment to operational transparency—including physical mining site visits—EVA is enhancing its backing mechanism. A new vault is being developed to allow redemptions closer to market value, strengthening the link between its digital token and real-world Bitcoin reserves.

TheNewsCrypto12/19 07:59

EverValue Coin (EVA) Consolidates an Economic Model With Growing Bitcoin Backing

TheNewsCrypto12/19 07:59

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