Everscale
EVER
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Everscale (EVER) is a Layer-1 proof-of-stake smart contract platform descended from the TON lineage and developed by EverX. While the project exhibits some structural foundations—including a documented governance framework, an active bug bounty program, and a hard supply cap of 5 billion tokens with clear gas/staking utility—it faces severe operational and market headwinds. Core protocol development activity appears sluggish, with recent communications focusing on structural resets rather than technical milestones. Furthermore, token distribution remains heavily concentrated in treasury allocations (85% referral treasury), presenting long-term dilution risk. Market traction is critically low, marked by a >99.8% drawdown from all-time highs, a micro-cap valuation of ~$5.5M, and acute liquidity constraints. On security, no formal third-party protocol audits were verified, and a critical vulnerability (DREAD 8.4) was reported in multisig wallets with under three custodians, although no protocol-level exploits were confirmed. Note: The Community Support section had insufficient data (-1.0) and was excluded from the weighted score calculation, with its weight redistributed across the remaining sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Everscale (EVER)
Everscale (EVER) is a Layer-1 proof-of-stake smart contract platform descended from the TON lineage, operating on a multi-threaded architecture that utilizes the TON Virtual Machine (TVM). Core development is led by EverX (formerly TON Labs). Launched in May 2020, the platform uses its native EVER token—which also exists as an ERC-20 wrapper on Ethereum—for network transaction fees, validator staking, DAO governance, and liquidity farming on decentralized applications such as FlatQube.
The network has a hard-capped maximum supply of 5 billion tokens with a fixed monthly issuance of 2 million EVER allocated as validator rewards. The initial distribution of the token was heavily concentrated, allocating 85% to a referral treasury, 10% to a developer treasury, and 5% to a validator treasury without published vesting details, posing concentration and potential dilution risks.
Everscale faces significant market and operational challenges. The token has experienced a price decline of more than 99.8% from its 2020 all-time high, accompanied by low trading volumes and liquidity constraints. Recent project updates have focused on governance restructuring and structural resets rather than core protocol expansion. From a security perspective, Everscale lacks verified third-party protocol audits from recognized firms. While the project maintains a public bug bounty program and has avoided confirmed protocol-level exploits, a critical vulnerability (rated DREAD 8.4) was previously identified in SafeMultiSig wallets with fewer than three custodians, placing an estimated 200 wallets and approximately $1 million in EVER at risk.