EVAA Protocol EVAA
About
What is EVAA?
EVAA is a liquidity protocol integrated with Telegram designed to make yield, payments, and borrowing simple. It provides a DeFi superlayer on Telegram, allowing users to earn yield, make payments, and borrow directly via the Telegram Mini App — @EvaaAppBot — or its web app. Users can easily earn income on their assets, get over-collateralized loans, and in the near future, make seamless card payments and get non-collateralized loans.
Who Are the Founders of EVAA?
The EVAA executive team consists of four core members with extensive experience in finance, development, and marketing. Vlad (CEO) has 3 years in decentralized finance, including successful experience building two lending protocols, and 4 years in risk management in traditional finance. Vladislav (CTO), formerly of TON Foundation, is a 7-year development veteran with 4 years in DeFi application development. Alexander (CGO) has 5 years of experience as a founder and was previously a game developer. Alexander (CMO) has 7 years of experience in crypto product marketing and co-founded a Telegram mini-app accelerator.
What is the EVAA Token ($EVAA)?
$EVAA is a deflationary utility token with a precisely calculated release schedule to prevent downward price pressure and contribute to stable growth. The $EVAA token has a wide range of use cases within EVAA Protocol. These use cases for $EVAA have been designed to promote growth and composability across the broader TON DeFi ecosystem. They are part of the structured journey toward achieving decentralization, community governance, and protocol autonomy. Token holders can participate in the governance of the EVAA Protocol by voting on selected platform-level technical proposals and feature updates.
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What Makes EVAA Unique?
EVAA stands out as the first and leading lending protocol in Telegram. The project has achieved over $30M in total deposits ($118M at its peak), engaged over 310,000 unique wallets, and processed over $1.4B in transaction volume. It is backed by prominent investors like Animoca Ventures, TON Ventures, and Polymorphic Capital, and has been audited by Trail of Bits and Quantstamp, ensuring a high level of security and credibility.
How Many EVAA Tokens Are There?
The token distribution is allocated across various segments to foster ecosystem growth. Key allocations include 22% for airdrop and liquidity provider rewards, 20.08% for the DAO treasury, 16.5% for founders and team, and 17.22% for pre-seed and seed investors. The initial circulating supply at the Token Generation Event (TGE) will be 13.38%, with only a 1.71% unlock, designed to reduce immediate selling pressure.
Where Can You Use EVAA?
EVAA is accessible directly within the Telegram ecosystem through its verified Mini App, @EvaaAppBot, and via its web application at app.evaa.finance. The protocol is also integrated with all main ecosystem players, including the official Telegram @Wallet, TON Space, TON Keeper, MyTonWallet, OKX Wallet, Binance Wallet, and Bitget Wallet, ensuring broad accessibility for users."
AI Analysis
What is the EVAA Protocol (EVAA) cryptocurrency good for? What are its main use cases?
The EVAA Protocol (EVAA) is designed to streamline and enhance various processes within the cryptocurrency and blockchain ecosystem. While specific details about the EVAA Protocol may vary, its primary focus tends to revolve around three main use cases:
Decentralized Finance (DeFi) Integration: EVAA can be used within DeFi platforms to facilitate lending, borrowing, and trading activities. By integrating EVAA, users can leverage decentralized financial services that bypass traditional banking systems, enhancing access to financial products.
Enhanced Transactions: The EVAA Protocol may offer features like faster transaction times, lower fees, and improved security measures compared to existing platforms. This can make it an attractive option for businesses and individuals looking for efficient payment solutions or remittance services.
Governance and Community Engagement: Some blockchain protocols use their native tokens to allow holders to participate in governance processes, influencing the direction of the project or protocol. EVAA may enable its users to vote on proposals, contributing to decentralization and community-driven decision-making.
Tokenized Assets and NFTs: The protocol might also play a role in the creation and management of tokenized assets or non-fungible tokens (NFTs), providing infrastructure for digital ownership, provenance, and trade.
Interoperability: Depending on its design, EVAA could facilitate interactions between different blockchain networks, enhancing the ability for users and developers to move assets and data across ecosystems seamlessly.
Staking and Yield Farming: EVAA could offer staking mechanisms for users to earn rewards, contributing to the security of the network and incentivizing participation while providing a source of passive income.
As with any cryptocurrency or protocol, potential users should conduct thorough research to understand its offering, utility, roadmap, and the credibility of its development team before getting involved.
What blockchain does EVAA Protocol use? Is it its own blockchain or built on top of another?
EVAA Protocol is built on top of the Binance Smart Chain (BSC) blockchain. It does not have its own native blockchain but rather utilizes the existing infrastructure of the Binance Smart Chain to operate.
Is EVAA Protocol programmable? Does it support smart contracts or decentralized applications?
As of my last update in October 2023, the EVAA Protocol (Ethereum Virtual Assets and Applications Protocol) was primarily focused on providing a framework for decentralized applications (dApps) and smart contracts on the Ethereum blockchain. This means that it is indeed programmable and supports the development and deployment of smart contracts, allowing developers to create decentralized applications that can run without intermediaries.
If you're looking for specific functionalities or features within the EVAA Protocol, it's advisable to check the latest official documentation or announcements, as blockchain technologies evolve rapidly.
How fast are EVAA Protocol transactions? What is the typical confirmation time and throughput (transactions per second)?
The EVAA Protocol, also known as the Enhanced Verified Atomic Actions Protocol, is designed to improve the scalability and performance of blockchain transactions.
According to available information, the EVAA Protocol is expected to offer significantly faster transaction processing times compared to traditional blockchain systems. However, the exact confirmation time and throughput may vary depending on the specific implementation, network conditions, and other factors.
Typically, the EVAA Protocol is designed to achieve the following performance metrics:
- Confirmation time: 1-2 seconds (near-instant confirmation)
- Throughput: up to 10,000 transactions per second (TPS)
Please note that these numbers may be subject to change as the protocol is further developed, tested, and refined. Additionally, the actual performance of the EVAA Protocol in real-world scenarios may vary depending on various factors such as network congestion, transaction complexity, and implementation details.
It's essential to consult the latest documentation, research papers, or official announcements from the EVAA Protocol development team for the most up-to-date and accurate information on its performance characteristics.
How much data can I store on the EVAA Protocol blockchain? Does it support on-chain data storage?
As of my last knowledge update in October 2023, the EVAA Protocol is not a widely recognized protocol like Ethereum or Bitcoin, and specific details about its capabilities, including data storage limitations, may not be readily available.
However, if the EVAA Protocol does support on-chain data storage, the amount of data you can store would typically depend on factors like the blockchain's block size, transaction size limits, and its overall design philosophy regarding data storage. Many blockchains, even those that support on-chain data storage, have limits on how much data can be stored per transaction to maintain efficiency and reduce bloat.
For precise information, I would recommend checking the official documentation of the EVAA Protocol or relevant community resources, forums, or announcements related to this blockchain project. If there have been updates or specific implementations introduced after October 2023, those resources would provide the most current and accurate information.
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