40% of revenues will be used for an innovative buyback mechanism. Fees collected are securely stored in Everlens buyback contract called “The Kraken”. These fees cannot be withdrawn and are frequently used to purchase tokens back from the open market and burn them.

Everlens will issue a native token (ELEN) for its marketplace with a fixed supply of 1,500,000,000 units.

Token Holders will have the following advantages:

  • Participate in the on-chain governance of Everlens by voting on development proposals. Each token represents one vote.
  • Discount on fees when holding ELEN tokens:
LEVEL DISCOUNT FEES STAKING

BRONZE

25% discount 50,000

SILVERdi

50% discount 100,000

GOLDdd

75% discount 200,000
  • All revenues generated by the Everlens platform will be used to do the following :
    • • 40% of fees will be allocated to the “Kraken” mechanism.
    • • 10% of fees will be distributed to ELEN tokens holders.
    • • 50% of fees will be assigned to Everlens marketing purposes.
  • Everlens Premium : for a 20% fee on future sales, Everlens will feature your NFT at the top of the marketplace. All proceedings will be allocated to the Kraken mechanism.

ELEN TOKEN SMART CONTRACT

Transaction Tax Mechanism
Liquidity Pool Reflection
BUY SIDE 5% --
SELL SIDE 5% 2%

Buy Side

5% Liquidity

Each transaction contributes to providing liquidity to the pool where each user can trade ELEN tokens. Funds allocated to the liquidity pool are locked for 5 years.

Sell Side

5% Liquidity

Each transaction contributes to providing liquidity to the pool where each user can trade ELEN tokens. Funds allocated to the liquidity pool are locked for 5 years.

2% RFI

Community Token holders are rewarded, providing each user the opportunity to earn passive rewards proportional to the amount of ELEN they hold.

Safety Net Program Kraken mechanism

When the Everlens community considers the LP to be sufficiently important, the Safety Net Program will be used to "buy the dip". All the tokens bought by the Safety Net Program will be permanently burned. This new procedure will be implemented by the vote of the community.

Supply Breakdown

Total Token Supply 1.500 Billion
Initial Market Cap at launch $890,000