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Everest Newsletter - Q2 2023 (Part 1). A Note From Our CEO & Co-Founder, Bob Reid. It was a busy Q2.

Everest
Everest
Telegram
21 Jul 2023, 18:48
🗞 Everest Newsletter - Q2 2023 (Part 1) 📝 A Note From Our CEO & Co-Founder, Bob Reid It was a busy Q2. And as previously mentioned, we've been buidl-ing. A quick recap on what Everest achieved and how we are executing the strategy: - Biometrics evolved from techie, proof of concept with eye-blinking for five seconds....to take-a-selfie, 1-2 seconds, mass market level of product. Replacing biometrics is like heart surgery on the Everest platform, as it reverberates throughout the rest of the system. Kudos to the engineering team for pulling that off seamlessly. - We won some designs with the fiat-in/out widget, and are getting integrated to a bevy of wallets, dApps and DEXes. You can see an example if deployed to THE Foundation here: and at Bancor: To remind everyone, Everest has a few competitive advantages in this sector......1) we are more cost-effective because we also include send/receive, buy/trade/sell, remit and a few other services coming soon, 2) we pay our partners commissions for the aforementioned transactions, and 3) since we are the only player in the space with our own chain, we offer the option of nearly free/no-gas network fees. We are expanding the token offering to 200+ pairs with more attractive pricing in the very near future too. The B2B2C strategy is getting executed. - In the coming few weeks, we are launching "tokenized crypto" on our chain. What does that mean, and why does it matter? First, it means that we can deliver BTC, XRP, SOL, Matic, XLM and others that typically ride on their own chain to EverWallets. All native BTC, XRP, SOL, etc will be held by Everest, and backed 1:1 as we always do. Delivering these effectively wrapped tokens also solves security issues that plague bridges (I believe the industry is well over $1B in bridges getting exploited), and users don't need to get a separate BTC or XRP wallets. Second, this means gas fees are $0.0001/txn, all consuming $ID......so, users of the fiat-in/out widget will be offered nearly free transactions compared with, for example $3-7/txn on Ethereum mainnet. - On the regulatory front, we continue to prepare for the MiCA transition, and TBH I couldn't be happier about it. If we do nothing, we will receive our license. To give you a sense of value, estimates for a traditional financial institution to build themselves and get licensed is close to $20M. Everest plans to go beyond what we have today, and offer electronic money tokens (EMTs) and asset-referenced tokens (ARTs). This means we will open EUR.c (tokenized euros that currently are issued and redeemed on our chain) to be redeemed by exchanges, merchants, other networks, and be able to custody EUR directly ourselves - a fully licensed custodian of fiat and crypto! It was great to see the US get some regulatory clarity as well. In case you missed the landmark decision regarding Ripple and more broadly the sale of tokens, I recommend you read the summary from Ripple's legal counsel here: - Twitter and "verified wallets"......as I've alluded to previously, all social networks are facing a tsunami of a bot-infested, API-scraping, anon-troll-chirping, Orwellian, digital hellscape that threatens their very existence as profitable platforms. Facebook and Instagram are attempting to solve these problems by charging credit cards. LinkedIn is building a federated system that relies on govt identity cards. Reddit reached the point of being forced to charge for API access. All this and we're in the first inning. What's the solution? Everest's AI-driven, blockchain-based identity solution that places the user at the center of privately verifying they are a live, unique human, and controlling their data. And giving those users access to a global financial platform that offers rewards to the community that transact over it is quite simply the future. (Continued...)

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Everest
EverestID #1061
Telegram
21 Jul 2023, 18:48
(Part 3) 📅 Q2 2023 Highlights ✅ Everest Identity Wallet is LIVE! DEXes, Wallets, DeFi & DAOs can deploy the Everest identity widget to easily onboard users & connect wallets... ✅ Partners can manage their users' payments and identity with Everest's widgets via the Admin Console.... ✅ The “How To” Guide to use Everest Identity Oracle Services through Chainlink Direct Requests is available here ✅ DEXes, Wallets & dApps can now integrate Everest’s fiat-on/off ramp widget to offer crypto purchases with VISA & Mastercard debit cards - GLOBALLY! 📣 ICYMI: Tweets 1/ Catch up on our recent developments for Q1 2023: "I am spending a lot of time in EU, and working on our transition to a MiCA license with various activities covered. Given the years of work Everest invested into the VFA regime in Malta… 🔗 @EverestDotOrg I'm glad Everest invested 4 yrs into being licensed & regulated in the EU, essentially paving the way to be grandfathered into a #MiCA license. The biggest opportunities MiCA opens for @EverestDotOrg are to custody EUR, USD & other fiat, and to issue tokens backed by assets (i.e. gold, btc). FYI we have our own chain, link to other chains, and didn't spend time in Wyoming ;) Offering all of these services under one roof is game changing. 🔗 @bobreideverest Watching the US crypto regulation debates, I’m reminded that @EverestDotOrg chose wisely in selecting EU/Malta, with its clear laws on ID verification & compliance. Being grandfathered into MiCA + adhering to transfer-of-funds-regulations (ie DeFi will be compliant) positions us well. Nice to know that all the flack we took for being cautious & thoughtful, especially around $ID, is bearing fruit. 🔗 @bobreideverest I’m calling it: DeFi is going to be regulated. Basic identity verification isn’t going to kill the industry, and will actually open it up to mass market participation + earning. Pseudonymous and still decentralized! https://pymnts.com/news/regulation/2023/berenberg-sec-may-set-sights-stablecoins-defi/…https://cryptoslate.com/french-regulator-calls-for-global-coordination-and-same-risk-same-regulation-for-defi/ 🔗 @bobreideverest Thanks for your continued support! 📮 Click here to subscribe to Everest's newsletter!
(Part 3). Q2 2023 Highlights. Everest Identity Wallet is LIVE.
(Part 3) 📅 Q2 2023 Highlights ✅ Everest Identity Wallet is LIVE! DEXes, Wallets, DeFi & DAOs can deploy the Everest identity widget to easily onboard users & connect wallets... ✅ Partners can manage their users' payments and identity with Everest's widgets via the Admin Console.... ✅ The “How To” Guide to use Everest Identity Oracle Services through Chainlink Direct Requests is available here ✅ DEXes, Wallets & dApps can now integrate Everest’s fiat-on/off ramp widget to offer crypto purchases with VISA & Mastercard debit cards - GLOBALLY! 📣 ICYMI: Tweets 1/ Catch up on our recent developments for Q1 2023: https://t.me/Everest_BaseCamp/484 "I am spending a lot of time in EU, and working on our transition to a MiCA license with various activities covered. Given the years of work Everest invested into the VFA regime in Malta… 🔗 @EverestDotOrg I'm glad Everest invested 4 yrs into being licensed & regulated in the EU, essentially paving the way to be grandfathered into a #MiCA license. The biggest opportunities MiCA opens for @EverestDotOrg are to custody EUR, USD & other fiat, and to issue tokens backed by assets (i.e. gold, btc). FYI we have our own chain, link to other chains, and didn't spend time in Wyoming ;) Offering all of these services under one roof is game changing. https://linkedin.com/posts/reidbob_linkedin-activity-7054881977828524032-6Nf8/ 🔗 @bobreideverest Watching the US crypto regulation debates, I’m reminded that @EverestDotOrg chose wisely in selecting EU/Malta, with its clear laws on ID verification & compliance. Being grandfathered into MiCA + adhering to transfer-of-funds-regulations (ie DeFi will be compliant) positions us well. Nice to know that all the flack we took for being cautious & thoughtful, especially around $ID, is bearing fruit. 🔗 @bobreideverest I’m calling it: DeFi is going to be regulated. Basic identity verification isn’t going to kill the industry, and will actually open it up to mass market participation + earning. Pseudonymous and still decentralized! https://pymnts.com/news/regulation/2023/berenberg-sec-may-set-sights-stablecoins-defi/…https://cryptoslate.com/french-regulator-calls-for-global-coordination-and-same-risk-same-regulation-for-defi/ 🔗 @bobreideverest Thanks for your continued support! 📮 Click here to subscribe to Everest's newsletter!
Everest
EverestID #1061
Telegram
21 Jul 2023, 18:48
(Part 2) Starting with Twitter, we are paying users $IDs to prove they are not a bot (not charging them $8/month :)), and giving them an Everwallet or connecting an existing wallet. Further, when friends and family sign up with the original user's affiliate link, they earn more $ID......and continue to earn a percentage of fees on all the aforementioned sending/receiving, buying/trading/selling/remitting. In sum, we are solving real problems that uniquely consume $ID tokens at scale. You can see details of the 10M $ID campaign to kickstart adoption here: Please sign up yourselves and pass along. If you have suggestions on which social network should be next, please send ideas & analysis. On a qualitative note, it feels like we're "getting over the hump." Not only as Everest, but more broadly in the blockchain and crypto industry. The hours and dedication put in by the Everest engineering and product teams can't be adequately described in words. Y'all know me as the face of Everest, but it's the team, not me, that did everything above. Here's to a great rest of 2023. 🏔 Verified Wallet on Twitter: Get Paid to Prove You’re Not a Bot, Privately! We are excited to announce our first Verified EverWallet campaign, giving Twitter users the opportunity to claim their FREE verified wallet, and start earning affiliate rewards: ✅ Verified Identity & Wallet - unified for social networks ✅ Earn rewards for every user you sign up ✅ Get tips from your followers ✅ Prove you're Human & Unique - not a bot ✅ Access crypto & fiat financial services ✅ Earn ongoing rewards from commissions Learn more: (Continued...)
(Part 2).
(Part 2) Starting with Twitter, we are paying users $IDs to prove they are not a bot (not charging them $8/month :)), and giving them an Everwallet or connecting an existing wallet. Further, when friends and family sign up with the original user's affiliate link, they earn more $ID......and continue to earn a percentage of fees on all the aforementioned sending/receiving, buying/trading/selling/remitting. In sum, we are solving real problems that uniquely consume $ID tokens at scale. You can see details of the 10M $ID campaign to kickstart adoption here: https://wallet.everest.org/affiliate Please sign up yourselves and pass along. If you have suggestions on which social network should be next, please send ideas & analysis. On a qualitative note, it feels like we're "getting over the hump." Not only as Everest, but more broadly in the blockchain and crypto industry. The hours and dedication put in by the Everest engineering and product teams can't be adequately described in words. Y'all know me as the face of Everest, but it's the team, not me, that did everything above. Here's to a great rest of 2023. 🏔 Verified Wallet on Twitter: Get Paid to Prove You’re Not a Bot, Privately! We are excited to announce our first Verified EverWallet campaign, giving Twitter users the opportunity to claim their FREE verified wallet, and start earning affiliate rewards: https://verifiedwallet.me ✅ Verified Identity & Wallet - unified for social networks ✅ Earn rewards for every user you sign up ✅ Get tips from your followers ✅ Prove you're Human & Unique - not a bot ✅ Access crypto & fiat financial services ✅ Earn ongoing rewards from commissions Learn more: https://everestdotorg.medium.com/verified-wallet-on-twitter-get-paid-to-prove-your-not-a-bot-privately-a3cb3688ee4c (Continued...)