EverValue, a Bitcoin-backed DeFi project, has successfully raised over 75 BTC (approximately $4.7 million) in its token presale, exceeding its initial target of 35 BTC in just the first week. CEO Flor Ayala emphasized the project’s strong community backing and its unique position in the cryptocurrency market. The presale, conducted via crypto exchange XT’s Launchpad, sold 313,000 EVA tokens, backed by 75 WBTC in a smart contract on the Arbitrum network. EverValue aims to allow users to grow their BTC holdings through mining, complemented by a deflationary token model. Users benefit from a mechanism that burns tokens when redeemed for WBTC, maintaining the token's value and mitigating the risk of large holders impacting the market. The project has launched with an initial investment of 555 ASIC rigs to enhance Bitcoin production. The current supply of EVA is hard-capped at 21 million, with around 110 BTC held in the project’s Burn Vault, increasing at 6 BTC monthly, ensuring strong backing for the token amid market fluctuations.

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