Published: Oct 23, 2018

Everest (ID)

Website

Status

ICO

Everest is a decentralized platform incorporating a massively scalable payment solution, EverChain, with a multi-currency wallet, EverWallet, and a native biometric identity system, EverID.

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl

Updated: Nov 30, 2019

Learn more about our rating

User Rating

High

3.7/5 • 3 votes

Claim your project

Ticker

Type

Utility-token

FoundedUnited States

Registration countryUnited States

Ecosystems

Ethereum

What is Everest

Everest has created a comprehensive value delivery and data management solution based upon four core technologies:

EverID, a user-centric, self-sovereign identity system that is designed to bridge the digital and physical worlds through individual biometric identity. Each individual identity and each transaction are recorded into a durable, permanent, auditable storage system powered by private Ethereum blockchains and an IPFS Storage Array. Everest will continue to add biometric identification methods to EverID as the capabilities of mobile terminals change. EverID allows individuals to be in control of their identity information, how that identity information is used, and by whom.

EverWallet, leveraging EverID as the definitive source of identification of the individual, provides value exchange and document storage to anyone, without requiring them to own technology. Able to hold vouchers for goods or services, as well as currencies, denominated in USD-pegged CRDT tokens ensures that the value oft he items remain stable during and after delivery.

EverChain, a private, permissioned instance of the Enterprise Ethereum blockchain is the robust transaction system that records all of the value transfers, identity verification, API transactions, and activity on the Everest platform.

Everest Supernodes host the centralized resources needed to operate the Everest Platform, which ensure that the individual’s information is always available and backed up and that the platform is able to interact meaningfully with external resources.

Everest Roadmap

May 2016

Everest Concept

June 2016

Everest Founded

June 2017

Development of Proof of Concept starts

January 2018

Exits stealth mode demonstrates Proof of Concept

March 2018

Participated in UN Agency's accelerator program

July 2018

Whitepaper published, project announced

August 2018

Presale and testnet live (token, ID+Wallet DApp, blockchain) - PC

September 2018

Identity Network foundation (INF) target completion

October 2018

Everest 1.0 goes live (token, ID+ Wallet DApp, blockchain, admin console, and API)

January 2019

Everest 2.0 (multi-currency wallet, API integrations)

April 2019

Everest 3.0 (blockchain speed enhancements, and biometric enhancements)

September 2019

Everest 4.0 (blockchain speed enhancements and smart contract infrastructure available to partners)

September 2020

Everest 5.0 (money transfer & banking licenses, and SDK available)

Token Sale Dates

ICO

Start date: Nov 01, 2018

End date: Nov 30, 2018

Token Allocation

Total Token Supply 800,000,000 ID

Funding Details

Soft Cap 2,000,000 USD

Hard Cap 20,000,000 USD

Restrictions

Residents of the following countries are prohibited from participating
China, Korea, Pakistan

Token distribution

38% - Seed, Presale & Bounty
37.5% - Strategic Partners, Team Members, Founders, Board Memebers and Advisors
24.5% - Reserved for Future Employees, other Value Exchange and Future Sales

Funds allocation

29% - Infrastructure
20% - Engineering & Integrations
19% - Legal, Licenses, Ops
15% - Sales & Marketing
10% - Regional Rollouts
7% - Customer Acquisition