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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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50293868 No.50293868 [Reply] [Original]

Welcome to ID/Everest General!

Everest is a VFA Licensed platform that issues and verifies user-owned digital identities, electronic wallets, document management, and a license for asset-backed stablecoins in order for users and businesses to verifiably and transparently engage in transactions.

It has two competitive advantages:
1) License to issue and redeem asset-backed stablecoins, so they get bank accounts everywhere; which means users in Brazil, Mexico, US, Europe, etc. can transfer in/out of their normal bank accounts.
2) Identity is owned by the user, so they can use their wallet to share proof of humanness, proof of uniqueness, proof of KYC, preserving their privacy and allowing them to monetize data about themselves.

If you have any questions, please ask, and an EverChad will assist you shortly.

>Exchanges
Bitfinex
Sushiswap
Uniswap
Bilaxy
PancakeSwap

Official Website - everestfoundation.net

Socials and White Paper - coingecko.com/en/coins/everest

Official Discord Server - y84NRyydzd

>> No.50293897

Hello sirs, good coin, why is only 10% of supply circulating

>> No.50294042
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50294042

Ah yes, ID2020, Microsoft, Ethereum Foundation, Mistletoe, former President of Estonia, Rapyd, Oracle... Major globohomo vibes, but as long as you have enough $ID they won't give you the anal probe.

>> No.50294053
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50294053

>>50293897
Currently, it's at 15% circulation, not 10%

But to answer your question, they plan to trickle out ID over a span of three years. starting in January 2023.

>> No.50294193

>>50294053
what will happen to the price?
it’s getting diluted - does that mean they are close to finishing and delivering the product ? dilution shouldn’t be much of a problem if the token moons properly.
Am I getting this right ? Or will it be diluted and stay at current levels ?

>> No.50294313
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50294313

>>50294193
There will be quite a lot of dillution, as 400k ID tokens are needed to run a validator node, (Limit of 100 nodes) and more can be delegated beyond that.
Transactions will utilize ID token and part of them will be burned and the rest paid to the validators.

https://everest-foundation.medium.com/tokenomics-summary-8c7e5517698c

>> No.50294439

>>50294313
So would you say that 400k ID is the make it stack?

>> No.50294585
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50294585

>>50294439
If you wanna dump in two years, yeah
but something like 100k is the make it stack for 5 years from now

either way, buy now

>> No.50294828
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50294828

>>50293868
What rank are you anons?

>> No.50294832

>>50294585

I guess i'll try to get to 100k, but thats a ton of cash for a poor anon like me, but for some reason im getting ant share vibes.

>> No.50294981

>>50294828
Sitting at a nice 10k right now. Planning to buy more on the dip

>> No.50295102
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50295102

>>50294828
Somewhere in the capstone.

>> No.50295148
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50295148

>>50294585
Is that a Bob Reid wojak

>> No.50295247

>>50295148
yessir

>> No.50295257

>>50293868
What's a realistic price for this thing 3 years down the road?

>> No.50295291

>>50295257
depends on a bunch of things, but three years from now, most people estimate it at 3-5 $

But if the EU starts heavily cracking down on crypto, given they have a VFA Licensed from MFSA, it could go way fucking higher

>> No.50295768

>>50295148
2 Dollars minimum
>>50295291
If the EU starts regulating, expect ID to be the only thing that actually matters

>> No.50296627
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50296627

ID2020 insider here; have been corresponding with Everest ever since our partnership began back in 2018. At first everything seemed promising, the proposal of what they were building was what we were needing to help launch our Indonesian pilot program to use biometrics for propane supply distribution; What followed has since been a non-stop displeasure. A few weeks after the pilot began Bob emailed me saying they needed to pivot how biometrics were provided, I asked what he meant and he replied with "You'll see :)" I should have thought more of it, instead decided to trust Bob; big mistake.

The next week I ask Bob for a progress report and he sends me 100s of dick pics of Indonesian villagers, all precisely catalogued by name. Horrified I hastily email him back and ask Bob what the meaning of this was, Bob just replies with "I never forget a penis ;)" Months go on and instead of progress reports Bob just keeps sending me pictures of Indonesians with dropped trousers flashing their dicks. I was about ready to complain to the ID2020 bosses when the Indonesian government phones me to say that the villagers all received their propane and are satisfied, wanting to continue to develop more with Everest.

So here I am four years later, still in correspondance with Bob. The Indonesian government keeps emailing me asking where their biometric supply distribution platform is, I email Bob and he keeps emailing me back with "It's built. :)" I've given up on them ever delivering at this point.

>> No.50298737

>>50294828
Ok buying because the ranking chart is based. Spoon feed me also on why this isn’t a shitcoin.

>> No.50298836

>>50298737
2nd this.
When should i buy in?
Any 1 year price predictions and reasons behind your predictions pls

>> No.50299119

>>50298737
>>50298836
Not going to spoonfeed but maybe spend a little time looking into their partnerships. As far as price goes they are launching mainnet later this year so I'm personally expecting things to pick up around EOY going into Q1.

>> No.50299155

Had this in my periphery for a year now. Can someone please spoon a brainlet, the utility of the token?

>> No.50299539

>>50299119
Please spoonfeed I need the alpha sir please my village.

>> No.50299561
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50299561

>>50293868
Babe stop promoting and come have some clams soup with me

>> No.50299568

scam

>> No.50299852
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50299852

>>50298737
>>50298836
>>50299155
Its a fairly broad project in scale, (pic related is the way to capture it in a single meme)
Essentially Everest is creating a sybil resistant legal identity for people to interact with DeFi/Dapps and other crypto services crosschain, while meeting meeting KYC/AML regulations globally.

What enables Everest's stack is their (fairly exclusive) MFSA license which they are using to build essentially a legal global bank account & wallet hybrid which is Everwallet. Everwallet is a KYC wallet, generated through a user's biometric liveness test, making every user only able to create a single wallet and Identity; and enables them to meet global KYC/AML standards for interacting cross chain with Privacy focused Zero Knowledge Proofs inside various crypto services as regulations come into place.
Recent Demo of the first itieration of KYC/ZKP:
https://twitter.com/EverestDotOrg/status/1541475946208821250

A primary feature inside the wallet is the CRDT token, a fully programmable stabletoken voucher, which can be custodially fully backed 1:1 to any asset (as Everest is a bank) Fiat currencies as well as stocks, commodities. Currently CRDT has it's first release being directly connecting from a Tradfi ACH rail onto Everest's Everchain, bridging Fiat onto a blockchain 1:1 backed.
First released use case of CRDT is Remittances going directly from USA -> Mexico, cheaper than Traditional More remittance corridors are on the way, aswell as using this same rail to go from Fiat bank <-> to Dapp.
https://twitter.com/EverestDotOrg/status/1537854136154202112
(They beat XRP to the punch, just have yet be acknowledged for it)

>> No.50299984
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50299984

The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

>> No.50299993

>>50299852
you mean that wallet that took them a year to make and even then it was a complete shitshow?

>> No.50300004
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50300004

>>50299993
fuck off retard
this thread isnt for you

>> No.50300032
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50300032

>>50294828
This shit is cringy as fuck.

>> No.50300188
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50300188

>>50300032
That's true but have you seen the original one?

>> No.50300204
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50300204

>>50300188
It was less cringy, but still not a great meme.

>> No.50300224
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50300224

>>50300204
I have dishonored my family by posting cringe on 4channel, I will commit bukkake immediately

>> No.50300349

The problem with the Everest community is not that they are gay, nor that they venerate a token that has performed poorly, run by an alleged goatfucker. No, the problem with the Everest community is the Reddit-tier egregorical dominance. There is less than 30 active people in the community at present, and only around 5 of which who do not share this juvenile understanding of memetics. Chainlink saw a similar manifestation in the early years, but the distribution between the hylics and the pneumatics in the community was significantly less severe than it currently is in Everest. Unfortunately I do not expect this trend to slow down. As with The Decline of The Link Marines, Everest’s own experience with normie followers will accelerate until it is completely overrun by hylics willingly posting their faces on Discord and Twitter, and such. The primary hope for Everest’s memetic consciousness is a bear market so distraught, it drives the Pajeets and controlbots away from /biz/ for such a time to allow ascended anons to migrate back to the board and see the world. For now we observe the three castes of the Everest community; The Fudders, who whether ironically or not; proclaim Everest to be a scam, The Reddit-tier hylics, these are those who make up the bulk of the community. They are positive, but their contributions leave a lot to be desired. And the anons, these are the ones who manifest.

>> No.50301716

>>50295291
When is eu planning to start regulating crypto?

>> No.50301780

>>50299852
Just doesn't seem like a 'hell yeah', and if it's not a 'hell yeah' it's a no. Good luck though.

>> No.50303468
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50303468

>>50299993
Shut up Oli

>> No.50304072

>>50294828
A secret order of the summit initiate.
Kneeling before you.

>> No.50304193
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50304193

>>50296627
Um..... er have you still got the pics?
I knew Bob and I had a lot in common

>> No.50305232
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50305232

>>50299852
>Its a fairly broad project
And that's why it will fail. Bob should've focused on one department, not trying to be everything at once. It's a wallet, it's your identity, no it's a cross border transaction system, it's a fiat on-ramp, biometrics, remittances, custody, borrowing/lending, everything at once. You can't excel when you try to do everything while operating on such a small scale and capital, you just spread resources far too much on far too many departments. You have to have gigaconglomerate Binance CZ level type of resources if you want to go through that route and have any type of success.

But Bob has a massive God complex so he desperately wants for Everest to be everything at once no matter what. He desperately wants to be the next Zuckerberg/Steve Jobs/Gates. Use this Everest wallet to prove your Everest identity to use this Everest token to send this Everest stablecoin to the other Everest wallet using this Everest system to do this Everest thing Everest Everest Everest. Live in the Everest society eating Everest food with Everest utensils.
Clear example of a God complex individual.

>> No.50305859

Never investing in globohomo intentions no matter what. Globohomos lost and their plans can get fucked forever

>> No.50306467

>>50305232
Bob “I just peed” Reid

Bob “’s Feed and Seed” Reid

Bob “give her the seed” Reid

Bob “the builder” Reid

Bob “hold her down - I need to breed” Reid

Bob “need for sneed” Reid

Bob “on the job” Reid

Bob “make her throb” Reid

Bob “in her gob” Reid

Bob “big nob” Reid

Bob “nob in her gob” Reid

Bob "nob rider" Reid

“Not great” Bob Reid

>> No.50306498

>>50299993
Seriously, if the product isn't working and isn't getting delivered, then the blame immediately switches to Brad and his team of brainlets.

FIRE THOSE ASSHOLES BOB!
GIVE US THE GLOBOHOMO COIN!

>> No.50306592
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50306592

>>50305232
>Focus on one department
And be like the 100s of other DID projects? None of those will provide the KYC/AML worldwide as needed, there aren't any others that meet standards jurisdiction to jurisdiction/bank to bank; Everest met those standards by becoming a bank itself, and banks need to connect to fiat rails, which they are building.

They are doing everything they need to succeed, Oracle FS, and Rapyd Payments are partnering with them for a reason, they can fully bridge the divide between TradFi and Crypto.

>> No.50306598
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50306598

>>50306498
Brad is this cuck

>> No.50306678

>>50305232
If they only focused on one thing, they wouldn't have gotten the VFA License from Malta, and it would be immediately less valuable.

Not a god complex, it's practical and necessary to the company

>> No.50306755

>>50306467
Bob “enslave the brown mob” Reid

Bob “the yob” Reid

>> No.50306880

>>50305232
>it’s everything at once
And that is exactly why it will succeed

>> No.50306993

>>50301716
The Americans have already started cracking down on NFT's and XRP. Plus the EU has already put Crypto-Fiat under the scope of their anti-money laundering act.

Give it a year, maybe two, and anyone who is licensed by a central bank, like Everest, is fucked

>> No.50307220

>>50300349

we need more anons active in the discord

or maybe we should make an official discord?

>> No.50307323
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50307323

>>50306592
>>50306678
>>50306880
That's exactly the problem. It's like he's putting out all these half assed services just to tick the box to be able to collect license XYZ, repeat ad infinitum. How don't you see it? By being everything you excel at nothing, you just tick the damn box. In fact that's the majority of FinTech today, mere box tickers.
I mean it's no surprise that he loves license collecting since that was literally his job at BitTorrent, but he should most definitely focus on any one department instead of everything, because no true progress will happen that way, he will just tick a few more boxes while you as a holder get no value from it..
>Not a god complex
Have you watched any interview of him? Watch this https://www.youtube.com/watch?v=syFkPIcAIE4
Literally all the classic God and superiority complex character points. No shred of humility of any kind to be found, just constant infallibility and boasting with blind delusion. If a stranger watched this video they would think Everest is running the entire world economy, meanwhile all that users actually do is shill referral links and their depreciating low volume low liquidity bags for the most part.

Focus on something Bob and release products/services for that specifically, stop delusion daydreaming on all fronts and start doing.

>> No.50307398

>>50307323
this
>>50306498

>> No.50307412
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50307412

>>50307323
Thats not a god complex that's autism

>> No.50307520

>>50307412
He's the exact opposite of an autist. A true autist does exactly what I'm saying he should do, which is focusing/obsessing over one thing to an autistic degree until you excel and push it further. An autist never does 500 different things at once, he picks one thing and then obsesses over it inside and out, the opposite of what Bob is currently doing.

>> No.50307576

>>50307520
Bob is picking one thing to focus on, it’s just that he’s focused on total and complete world domination. An incel like you just wouldn’t understand.

>> No.50307612

>>50307576
>total and complete world domination
That I fully agree with, already said it, clear case of a God complex.

>> No.50307674

is there a way for me to stake my tokens without doing their gay face scan app that doesnt even work? last time i tried it called my face unrecognizable or some shit as if im a nigger

>> No.50307703

>>50307674
Well, are you one?

>> No.50307705
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50307705

Well this explains why Africa isn't on the Remittance roadmap.

>> No.50307714

>>50307674
have to use the face scan on the app
Digital Identity is the core of ID token

Are you doing the eye thing properly?
Also, take off your glasses and hat

It works fine for me

>> No.50307928

>>50307520

>focusing/obsessing over one thing to an autistic degree

That's exactly what he's doing.
He wants to make sure when the EU and SEC start regulating crypto like a motherfucker, Everest is going to be perfectly fine because they have their nice shiny VFA from Malta.

But credit where credit is due, you're kinda right. Half the reason Everest doing poorly right now is because other guys (i.e. Brad) are fucking up, and his autist mindset is getting stretched too thin picking up the slack of everyone else.

That might be a god complex, but also, if everyone around you is fucking up, you gotta be a man and take care of business.

We need to demand change so Everest can take over the world.

>> No.50308063

>brown id
good morning sirs

>> No.50308257

>>50308063
morning

>> No.50309254

Can anyone confirm this?
might be a big one
>>50308175

>> No.50309507

https://twitter.com/EverestDotOrg/status/1546918930152935424
DAO organization creation is being showcased. This is the future of DAOs, legally generated and sybil resistant Identities to interact with them.

>> No.50309950

>>50306598
I like Brad

>> No.50310322

>>50309950
he might be a cool guy, and I kinda like him too, but the product wasn't ready for a year, and it killed Everest.

But as Chief Product Officer, a lot of this has to be on him, if not the product and engineering team.

>> No.50310395
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50310395

Join the Everest Discord Server, they're gonna be doing giveaways and AMA's! They also have memes

>> No.50310537
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50310537

>>50310322
Its not a product they are free to rush with. They are integrating tradfi API rails, and meeting global KYC compliance standards, not making a shitcoin yield farm. If they fuck up they lose their license.

It is all coming to a head though, all just recently they released:
>Remittances: The Tradfi rail is working
>ZKP/KYC sharing: KYC engine is working
>DAO creation engine

Thats not to mention we're told is going on behind the scenes:
> Fiat <-> Dapp payments system into ETH/Polygon: Further use of the Tradfi Rail
>Everchain Testnet up and running, with partner dapps being integrated
>Beta release of Everwallet: much more feature rich

>> No.50310752

>>50310537
fair enough
I'm gonna stay on baord no matter what, but what about that XRP rumor? I've heard it before

>> No.50310803

>>50310537
dude, I like this coin, but the chances of it surviving now are pretty slim

I mean, I'm not asking for rush work, but yeah, it's just a bad state of affairs

>> No.50311593
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50311593

let's gooo

>> No.50312017

Join the Discord
they're doing a Live AMA with Bob on the 19th @ 9 AM PST

>> No.50312032

Thanks to all the anons who spoon fed me in this thread btw.

>> No.50312224

>>50310752
Whats the rumor and where did you hear it from?

>> No.50312832

>>50310537
Rumor?

>> No.50312847

>>50310752
Oh shit wrong anon, but what rumor?

>> No.50313132

>>50312847
>>50312832
>>50312224

>>50308175