The project feels that crypto exchanges have a bias for Inu-themed projects and wants to draw attention to the bias.
EverRise Inu Unveiled
Multi-chain decentralized finance security protocol, EverRise, has seen a surge in social media interest. This comes days after EverRise temporarily changed its Twitter name to EverRise Inu to sound like popular meme projects Shiba Inu, Floki Inu etc.
EverRise modified its Twitter handle to draw attention to what it says is the tendency for centralized exchanges to notice meme DeFi projects which have -inu attached to their names while ignoring other projects that don’t. EverRise argues that the name of a memecoin gets the attention of exchanges rather than the utility a meme project offers:
“To Whom It May Concern, EverRise’s Twitter name will be changed to EverRise Inu. One thing we have noticed in the DeFi space is that anything with an -Inu ending tends to get attention from centralized exchanges. We are trying a new approach to the way we present ourselves on Twitter temporarily until further notice,” the February 6 graphic announcing EverRise’s move, reads.
EverRise is using the hashtag #LetUsIn to rally a movement, apparently urging exchanges to give them a chance at being listed. It seems that the rebranding of the project’s Twitter handle has given it a fresh dose of social media traction. According to crypto research firm HC-Capital, EverRise occupied the 2nd position in the top 10 BSC protocols with the most Twitter engagement as of February 12.
Is It Just About The Name?
It is necessary to note that different exchanges use different criteria to select projects for listing. As the CEO of Binance, Changpeng Zhao stated in an interview with Forbes, the population of a project’s user-community is a significant factor. Does the project have sufficient active users to provide a daily volume of trade that will sustain an exchange’s business model, for instance?
EverRise has appealed to projects who feel they merit listing but have been so far sidelined by CEXes, to join the #LetUsIn Twitter movement. The writer wonders if putting pressure on an exchange would work in the best interest of a project’s chances for listing.
What is EverRise Inu?
EverRise Inu is a blockchain technology firm that provides bridging and security solutions across various blockchain networks enabled by an ecosystem of dApps (Decentralized Applications). The team consists of cryptocurrency enthusiasts that aim to make the decentralized finance (DeFi) ecosystem better. The main objective of the company’s ecosystem is to provide tools to the market so that it can self-regulate and provide assurance to the participants, which would allow DeFi to reach its true potential.
Find out more about EverRise here:
Source : bsc.news
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