What Is Everest (ID)?

Everest is a platform and ecosystem that aims to help consumers and organizations be more productive. Users and companies may verifiably engage in any transaction using digital identities, electronic wallets, document management, a regulated stablecoin, and a fast, cost-effective ledger. Everest claims that this can be done more transparently, fairly, and inexpensively than ever before using Everest.

Blockchains like Ethereum, where 96 percent of DeFi transactions are now transacted, were not created to handle the speed, cost, regulatory, and reach criteria required to go mass market with DeFi or operate a "real economy." Everest can solve the technological, legislative, and geographical fragmentation to establish a truly mass market.

Everest seeks to facilitate identity creation verification, account creation, and transaction tracking and validation by combining safe, mass-market biometrics and encryption technology. A user or financial institution can aim to capture many biometrics and generate an account for pennies per customer in minutes.

Everest platform consists of two tokens. The native token of the platform is "ID," which seeks to act as a governance utility. The ID token is a virtual financial asset or token, which provides users with a digital identity and wallet that they own, allowing them to access the Everest platform. Moreover, ID tokens also come with benefits such as awards and the right to participate in governance. ID tokens can be considered membership in a global community that includes nation-states and banking institutions.

The other token of the platform is "CRDR" or Credit, which aims to allow users and organizations to verify identities and exchange value. CRDT is a licensed, regulated, and asset-backed programmable stablecoin.

Everest platform comprises EverWallet, EverChain, EverID, and many more features. EverID is a native biometric identification system that seeks to allow people to record, update, save, and share their identification information without having to possess equipment or access the internet. EverChain is the technology that seeks to keep track of all transactions on Everest.

EverWallet is a wallet framework that can be extended to seek to integrate different wallet technologies and give users a unified solution. EverWallet is a wallet that stores documents, credentials, currency, and cryptocurrencies.

History of Everest (ID)

Bob Reid and Brad Witteman are the cofounders of Everest. The maximum total supply of ID is 800 million.