## When Will Everest Cryptocurrency Trading Begin?

[Everest](https://coinmarketcap.com/currencies/everest/) (ID) is a blockchain company that aims to bring economic inclusion and remove barriers to public services. It claims to be the world’s only device-free, global digital transaction protocol with in-built identity – using digital identities on blockchain, electronic wallets, document management and biometrics. Its inception will bring blockchain and biometrics to governments, banks, exchanges, hospitals, NGOs and more.

They received a Virtual Financial Assets (VFA) license from the Maltese Financial Services Authority (MFSA), which allows Everest to operate as a regulated custodian for users. Everest’s CRDT token allows businesses and users to program fiat currencies for various use-cases, facilitating value transfer across fiat currency and financial rails worldwide.

Everest’s platform consists of the following features: EverID – verifiable identity which is user-controlled, pseudo-anonymous and supported by the [Identity Network Foundation](https://identitynetwork.io/), a non-profit DAO; EverWallet – device-free account which stores multi-currency and biometric data; EverChain – the platform layer 2 ledger based on Ethereum; CRDT – pegged stablecoin for value storage (1 CRDT = USD$0.01); VFA – regulatory license to operate in accordance to laws; ID token – utility token enabling access to the identity network and exchange of value.  


## Who Are the Founders of Everest?

Everest was founded in May 2016 with the belief that without the fundamental elements of human exchange (value transfer), the economies of crypto and blockchain will not be able to grow. 

Bob Reid is the co-founder and CEO of Everest. He received a BA in Political Science from the University of California, San Diego and an M.B.A. from Middlebury Institute of International Studies at Monterey. He has extensive experience in business development, was the General Manager of Licensing at BitTorrent, and VP of Strategy & Business Development at Neulion and DivX. Most recently, Bob was an advisor to Kai Labs, a blockchain-focused think tank & accelerator.

Bradley Witteman is the co-founder and CTO of Everest. He received a BA, M.B.A. and MA from the Middlebury Institute of International Studies at Monterey. He has almost 20 years of product management experience across various industries. Bradley was Senior Director of Product Management at BitTorrent, Chief Product Officer and founder of Moby Corp.


## Can Everest Hit $1?

Everest is a next-generation blockchain platform that is projected to unite the end-user market and financial institutions into the DeFi, crypto and fiat future. Everest full vertical stack consists of a gateway node, which enables partners to quickly integrate Everest to their legacy platforms using their APIs. Everest also enables integrated [KYC](https://coinmarketcap.com/alexandria/glossary/kyc)/[AML](https://coinmarketcap.com/alexandria/glossary/anti-money-laundering) on their platform through quick and inexpensive biometric ID. This combination of secure, mass-market biometrics and encryption allows Everest to complete identity creation and verification, compared to days needed by traditional financial institutions.

Everest’s compliance with regulatory requirements and ability to operate in legal jurisdictions is another major advantage. It’s patent-pending biometric identity, virtual onboarding and account creation, cross-border transfers are vertically integrated to meet the needs of financial institutions. Everest is bridging the DeFi world with the regulatory requirements of governments. With its VFA license, Everest is allowed to issue its own stablecoin and process payments of “programmable money” in most jurisdictions with a merchant account. Everest also complies with Europe’s GDPR and California’s CCPA data privacy law.

Everest has a vast number of partners and recognitions, including: Visa Everywhere Initiative 2020 – semi-finalist in two categories; Visa Fast Track 2020; Ethereum Foundation 2019 grant winner (eKYC); Inclusive FinTech 50 2019 winner; Oregon Enterprise Blockchain Venture Studio 2019 winner; New America, Blockchain Impact Ledger 2019; approved vendor list of United Nations and Asian Development Bank.

In July 2021, Everest partnered with Oracle Financial Services, a unit of Oracle Corp, with the aim of enhancing the bank's product offering across the world. Oracle is a software service utilized in retail and corporate banking and insurance services. This corporation will enable the verification of user’s credentials. Thus, it will provide a diverse scheme of mitigating money laundering activities as it will allow banks to scrutinize cryptocurrencies, cross-border and decentralized finance. Everest Chief Executive and co-founder Bob Reid says that their blockchain-based identity and verification is projected to enhance banking and financial software.


## Related Pages

Read about [ERC-20 tokens](https://coinmarketcap.com/alexandria/article/what-are-erc-20-tokens-find-out-now-as-the-decentralized-finance-industry-takes-off).

Read about [Cryptocurrency Money Laundering](https://coinmarketcap.com/alexandria/glossary/cryptocurrency-money-laundering) and [KYC](https://coinmarketcap.com/alexandria/glossary/kyc).

Learn more about [DeFi](https://coinmarketcap.com/alexandria/article/should-i-invest-in-defi).

What is web 3.0? [Click here](https://coinmarketcap.com/alexandria/article/what-is-web-3-0) and find out.

Take a deep dive into smart contracts and DeFi space with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/a-dive-into-smart-contracts-and-defi).

Take a look at the [CMC blog](https://coinmarketcap.com/alexandria/categories/blog): product updates, partnerships, and announcements.


## How Many Everest (ID) Coins Are There in Circulation?

ID ([ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20)) is the native utility token of the Everest platform, enabling access to the identity network and exchange of value in the economy. Receiving payments is free on the Everest system, but users need to stake 1-100 IDs in their wallet to send payments. For larger users which require greater levels of data, complexity, visibility and targeting, higher amounts of ID tokens need to be staked (up to 250,000). For institutions, the amount of IDs staked depends on a tiered level of access and specific market use-case.

The total supply is capped at 800,000,000 ID. The distribution of tokens is as follows: 19% to strategic partners, advisors and consultants; 19% to team; 38% for staking and rewards; 12% to ecosystem development; 12% to reserves.

ID tokens are bought and held by stakers (users, custodians, financial institutions, businesses and more) and eAgents (Kyber, Aave), which grants them access to the network for a limited period of time. eAgents are staking partners who manage eTellers, who earn ID tokens by signing users up to Everest services. Holding and staking ID will give users lower transactions fees and additional rewards.


## How Is the Everest Network Secured?

Everest (ID) is a cryptocurrency token built on [Ethereum](https://coinmarketcap.com/currencies/ethereum/), and a smart contract is a program that runs on the Ethereum blockchain and is supported by the platform. [Smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) allow the conclusion of trust relationships, transactions, and agreements between anonymous parties. This makes these processes transparent, secure, irreversible, and everything else can still be tracked.


## Where Can You Buy Everest (ID)?

Everest (ID) is listed on several cryptocurrency exchanges, it cannot be bought directly for fiat money, but coins can be obtained by buying Bitcoin on any of the fiat currency exchangers for cryptocurrency, and then transferring it to the exchange where the ID token is presented. Among them: [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap/), [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/), [1inch Exchange](https://coinmarketcap.com/exchanges/1inch-exchange/), [Kyber Network](https://coinmarketcap.com/exchanges/kyber-network/), [Bamboo Relay](https://coinmarketcap.com/exchanges/bamboo-relay/) and [KyberDMM](https://coinmarketcap.com/exchanges/kyberdmm/).

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, PPAY or any other token? Check out the details [here](https://coinmarketcap.com/how-to-buy-bitcoin/).


Everest

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Bubblefong

Augur

Nestree

HAPI Protocol

Aryacoin

Inspect

Origin DeFi Governance

POOH

Chickencoin

Cult DAO

pufETH

RAYN

LEOX

Chainflip

Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between all blockchains. Its AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain.

Synternet

MultiVAC

Energy Web Token (EWT) is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector.

Energy Web Chain was launched in June 2019. The Energy Web Foundation is the non-profit enterprise behind the project. EWT aims to bring diversity to the energy sector by allowing developers to create decentralized applications (DApps). The virtual machine has the potential to benefit actors from all areas of energetics, including grid operators, software developers, and vendors.

Energy Web Token

Fusion

Solve.Care is a healthcare platform company that uses blockchain to redefine care coordination, improve access to care, reduce benefit administration costs, and help reduce fraud and waste in healthcare around the world.

The Solve.Care platform (Care.Platform) allows for digital health networks, called Care.Networks, to be built and run for patient-centric care that can be based on medical conditions, economic and social needs, creating an entire healthcare ecosystem. Using Care.Platform, clients can launch networked, interoperable healthcare dApps, within a very short time frame.

Care.Networks on Care.Platform use the SOLVE token, a utility token that is used for inter/intra network payments and transaction fees. It also has additional uses including developer rights, staking, marketplace payments, and platform access fees.

SOLVE

Elastos, founded in 2017 and building on a vision from 2000, is a blockchain-powered internet version. Its recent breakthrough is the introduction of BeL2, a Layer 2 solution leveraging SmartWeb technology to revolutionize Bitcoin transactions. Elastos is using SmartWeb technology to build the Bitcoin second-layer network BeL2, which extends the efficiency and scalability of the Bitcoin network through smart contracts. This endeavor will enable Bitcoin to power a smart economy and effectively release the liquidity of hundreds of billions of dollars in staked Bitcoin assets.

With over 50% of Bitcoin's hash power protecting it through merged mining, ELA boasts extremely high security and credibility in its network, earning it the esteemed title of "BTC Queen" within the community.

Elastos

LCX is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Coinbase offers 3 trading pairs pairs with LCX/USD, LCX/USDT and LCX/EUR, while Kraken also offers 2 trading pairs with LCX/EUR and LCX/USD. Uniswap (https://coinmarketcap.com/currencies/uniswap/) offers an Ethereum (ETH) trading pair; LCX/ETH. LCX Exchange offers a variety of trading pairs including Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC) options.

Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem.

API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.”

The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles.

Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes.

API3’s token went live at the start of December following on from a token sale that generated tens of millions of dollars.

API3

QuadrantProtocol

AirSwap

Carbon Protocol

Dragonchain

Reserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: overcollateralization of Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.

The Reserve Rights (RSR) token was launched in May 2019 following a successful initial exchange offering (IEO) on the Huobi Prime platform.

Reserve Rights

Established in July 2020, TrustSwap is a diverse Web3 ecosystem creating secure infrastructure for blockchain builders and communities. The TrustSwap Launchpad is a leading Launchpad and IDO service, achieving the #1 spot on Cryptorank in 2023 for All-time High Returns and Average Returns. TrustSwap has launched over 55 projects with a collective fundraising of over $70 million.

TrustSwap is also the parent company of The Crypto App and Team Finance, which offer a suite of multi-chain services including crypto portfolio tracking, token and liquidity locks, minting, staking, and vesting-as-a-service.

SWAP token is the key to accessing guaranteed allocations in top-tier IDOs via the TrustSwap Launchpad. Staking more SWAP tokens longer increases your SWAP Score and unlocks higher allocations as well as other perks for top stakers.

TrustSwap

QuickSwap [Old]

HyperCash

Handshake is a decentralized permissionless system that is intended to incentivize a distributed network of computers to operate a system for domain name ownership.

Under Handshake, every peer is tasked with validating and managing the root DNS naming zone, with the objective of providing an alternative to current certificate authorities and naming systems.

Different participants across the internet such as social networking handles and domains rely on a centralized approach. This means the systems depend on a system of honesty — and are still prone to cyber attacks and fraud.

Handshake aims to eradicate this problem by creating a decentralized internet that relies on a peer-to-peer system.