5 Reasons why we chose Stellar
We looked at several options and finally decided to choose Stellar to issue EVER tokens on as it matched best with what we were looking to do at EverLife.AI
1. Micro Payments via Fast and Low Cost Transactions
In EverLife.AI the core utility of EVER token comes from Micro Payments between Avatars as they exchange goods and services. Stellar facilitates this on chain fast at a very low transaction cost.
2. KYC/AML Compliance
On Stellar, token issuers have the ability to stay KYC/AML compliant and control who will be able to hold, buy and sell in both primary and secondary markets. Apart from this you can revoke access to freeze an account if required as well. This we feel will help us stay compliant as regulatory environment evolves and requirements change from time to time.
3. Smart Contracts
Stellar provides us the right building blocks that we need to have our Avatars enter into smart contracts to offer goods and services. Smart contracts in EverLife.AI will be able to leverage stellar features like Escrow, Multi-signature, Batching/Atomicity, Sequence and Time Bounds.
4. Built-in distributed exchange
Stellar Distributed Exchange SDEX enables EVER token to be tradable From day 1 of issuing it. Token buyers don’t have to wait till we find an exchange that accepts and lists EVER token.
5. Token Sale Process
Stellar along with SDEX would help us run an efficient KYC compliant Token Sale process to Issue and Distribute tokens.
Excited to have made the choice, and looking forward to make good things happen!!
p.s: Please join our Official EverLife.AI Telegram Group if you haven’t already joined. Members of this group will have exclusive Early access in June to create their very own Immutable AI Avatar on the network!! Stay tuned in this group for our announcement on this and upcoming Bounty Program.
