1. Executive Summary

Token: EVA (EverValue)

Project Description:

Is it possible to earn bitcoins as a reward by investing bitcoins without the risk of losses? To answer this question, we conducted an extensive investigation in the vast world of cryptocurrencies. The results were not very encouraging for investors: the utility generated is usually negligible in units of bitcoin, and relying on centralized platforms or decentralized passive income models (AMM) carries risks. In decentralized platforms, although there is no risk of “freezes” or embezzlement by the platform owners, there is a danger of losing capital and ending up with fewer bitcoins than initially invested. EVA emerges as a solution to this problem. The project offers Bitcoin users a way to invest their BTC without the risk of losses, guaranteeing that they will never receive fewer bitcoins than they deposited. EVA provides a secure and transparent way to earn returns without needing to deposit bitcoins on any platform, generating benefits in BTC through Bitcoin mining.

Key Features:

• Bitcoin-backed Token:
  The 21,000,000 EVA tokens are initially backed by 75 WBTC deposited in a smart contract on the Arbitrum network, ensuring liquidity and transparency. As mining revenues increase, they are transferred to this backup wallet in WBTC, directly boosting the token’s value.
• Token Burn Mechanism to Ensure Appreciation:
  When WBTC is redeemed, the token burn mechanism reduces the supply of EVA, sustainably boosting the token’s value and ensuring scarcity. Deflation depends on the rate at which users decide to withdraw their profits from the backup wallet.

Benefits for Investors and Users:

The EVA project offers investors the opportunity to benefit from mining profits without additional investment or complex bureaucratic processes. EVA holders have a stake in the ecosystem’s growth, and as the token appreciates and users withdraw their profits from the backup wallet, their stake increases due to the corresponding EVA burn.

Long-term Vision:

EVA aims to build a solid and sustainable ecosystem, generating value for investors and users through Bitcoin mining. The focus on transparency, security, and constant growth ensures that the ecosystem will continue to evolve and adapt as the community and the value of the EVA token grow.

2. Introduction

The cryptocurrency industry has experienced exponential growth in recent years, with Bitcoin as the leading digital asset and an emerging ecosystem of tokens and applications around it. However, many investors and users face entry barriers such as high mining costs, required technical knowledge, and a lack of transparency in certain operations. Additionally, there is a gap in the crypto ecosystem when it comes to investing Bitcoins and earning passive income with guaranteed bitcoins. Bitcoin staking is not possible unless one risks using centralized platforms, where the return is very low and does not justify the risk. In the case of decentralized platforms using the AMM model (automated liquidity pool), the amount of BTC (WBTC) deposited is not guaranteed, and significant losses inherent to the system may occur.

3. Project Description

The EVA (EverValue) token is backed by a smart contract on the Arbitrum network that stores WBTC, providing liquidity and transparency.

Bitcoin Mining:

The project begins with an initial investment in three containers equipped for the installation of 555 Bitcoin mining ASICs. The net income (after operating costs) generated by mining is deposited daily into the smart contract, increasing the WBTC backing. This is done using an API-based blockchain reading system and a smart contract with a server, which manages the WBTC deposit in direct proportion to the native BTC generated by mining. This mechanism ensures that the value of the EVA token is directly linked to the growth of the backing, creating an incentive for investors and users.

Token Burn Mechanism:

The smart contract includes a token burn mechanism. When a user decides to redeem their EVA tokens for WBTC, the corresponding tokens are burned, reducing the total EVA supply. This mechanism ensures that the token value tends to increase immediately with each token sale, as fewer EVA remain in circulation and revenue continues to be generated to back all tokens, encouraging investors to hold their tokens for long-term growth.

Summary of Key Features:

• Guaranteed Liquidity: With an increasing WBTC backing and a progressively decreasing supply, EVA offers guaranteed growth to investors.
• Long-term Appreciation: The token burn mechanism and the increase in WBTC backing ensure that the value of EVA tends to increase over time.
• Participation in Profits: EVA holders can benefit from the ecosystem’s growth, receiving rewards from Bitcoin mining.

Token Structure:

The EVA token was designed with a focus on transparency, fairness, and sustainable growth. Key aspects of its structure include:

• Total Token Supply: EVA has a total supply of 21 million tokens. This amount cannot be increased, ensuring a clear limit on supply.
• Initial Distribution: The initial distribution allocates 90% of the tokens to investors and 10% to the founders and other project collaborators.
• Supply Control Mechanisms: The token burn mechanism ensures a decreasing supply, creating upward pressure on EVA’s value. Additionally, the smart contract ensures that WBTC cannot be withdrawn without the corresponding EVA token burn.
• Restrictions and Regulations: EVA does not allow reissues or additional creations, providing confidence to investors. The smart contract on the Arbitrum network ensures transparency and security in transactions.
• Token Use: EVA can be used to receive rewards from the WBTC backing. Users can exchange their tokens for WBTC, contributing to appreciation through the burn mechanism.

Basic Example: System Robustness Against Massive Sales

Initial Scenario Example:

Suppose:

• 10 EVA tokens are issued.
• The smart contract has 10 bitcoins (BTC) as backing.

In this scenario, the value of each EVA token is 1 BTC, as 10 BTC back 10 tokens.

Token value = 10 BTC / 10 EVA = 1 BTC/EVA

A Whale Decides to Sell:

Imagine a “whale” holds 7 of the 10 circulating tokens and decides to sell them. The smart contract will exchange those 7 tokens for 7 BTC, as each token has a backing of 1 BTC. When the transaction is completed, the system automatically burns (destroys) the 7 tokens, reducing the total number of tokens in circulation to 3.

Effect on the Smart Contract and Token Value:

After the sale, the smart contract now has 3 BTC, and there are only 3 EVA tokens in circulation. Therefore, the token value remains constant because the ratio between backing and tokens is maintained:

Token value = 3 BTC / 3 EVA = 1 BTC/EVA

System Robustness Against Massive Sales:

Despite the massive sale, the token value does not fall because the backing and burn mechanism ensures a constant ratio between BTC backing and the number of tokens in circulation. The system maintains the token’s value stability. Even if 99.99% of the tokens are sold, it would not affect the price, but it would affect the user who retains their 0.01% of EVA as they would become the “absolute owner” of all subsequent income in the backup wallet.

Large sales = Price unchanged = Decrease in EverValue partners = Higher profitability for existing partners

This shows that the EVA system is designed to be robust against massive sales, eliminating the risk of price drops relative to the backing token and ensuring stability for investors and token holders. Each token sale leads to a proportional burn, maintaining the system’s balance and preserving the token’s value. As the EVA value cannot decrease in relation to WBTC, but activities generating benefits are deposited in the backup wallet, EVA can only increase in value. The token value adjusts upwards with each deposit in the backup wallet.

The EVA token system is designed to maintain and increase its value through two key mechanisms: token burn with each sale and the deposit of additional revenue into the backup wallet. Both mechanisms work together to drive the EVA token value upwards. The token burn reduces the total supply, while deposits in the backup wallet increase the ecosystem’s total value. This ensures the investor that their BTC used to acquire EVA is fully protected from any form of value depreciation, as EVA will always increase in value in terms of BTC due to its construction model.

The EVA token will be issued on the Arbitrum network, with a total of 21,000,000 tokens. A smart contract will be created with a deposit of 75 WBTC, giving a clear ratio:

1 EVA = 75 WBTC / 21,000,000

1 EVA = 0.00000357 WBTC

Each EVA starts with a value of 357 satoshis, and as explained, this value cannot be lower under any scenario. Daily, via a blockchain API, native BTC deposits in the project’s wallet will be read, and the network change from BTC to WBTC will be made. These records will be published on our website for community tracking, providing maximum transparency. Both the smart contract holding the WBTC and the EVA token contract will also be published on the website with a direct link to the explorer for code verification, WBTC balance, and circulating EVA.

10. Legality and Compliance

Legal Considerations:

The EverValue project adheres to applicable laws and regulations in the jurisdictions in which it operates and complies with all laws related to Bitcoin mining and token issuance.

Regulatory Compliance:

To ensure regulatory compliance, the project has legal experts who oversee activities and processes to ensure best practices are followed. Measures are taken to prevent money laundering and comply with know-your-customer (KYC) and anti-money laundering (AML) regulations.

Security and Data Protection:

The smart contract on the Arbitrum network undergoes regular security audits to ensure its integrity. Additionally, privacy and data protection mechanisms are implemented to ensure user information confidentiality.