EVAA Protocol price

FAQ About EVAA

• What is the EVAA token used for?

  The EVAA token is the native governance token of the Evaa Protocol. Holding EVAA allows users to participate in the decentralized autonomous organization (DAO) and vote on key proposals that shape the protocol's future, such as adding new collateral assets, adjusting interest rate models, or allocating treasury funds. This ensures the protocol remains community-owned and decentralized.

• How does Evaa Protocol ensure the security of my funds?

  Security is our top priority. Evaa's approach to security includes:
  Regular Audits: Our smart contracts undergo rigorous audits by top-tier security firms to identify and rectify vulnerabilities.
  Decentralized Oracles: We use secure and reliable oracles (like Chainlink) for accurate price feeds.
  Bug Bounty Programs: We incentivize white-hat hackers to find and report potential bugs.
  Non-Custodial Model: You retain control of your private keys; Evaa never holds your funds directly.

• What affects the price of the EVAA token?

  The price of EVAA, like most cryptocurrency assets, is primarily determined by supply and demand on the open market. Key factors influencing this include:
  Utility & Demand: The need for EVAA to participate in protocol governance and access potential rewards.
  Protocol Growth: Increased usage of the Evaa Protocol (total value locked, borrowing volume) can drive demand for the token.
  Market Sentiment: The overall trend in the cryptocurrency and DeFi market.
  Tokenomics: The release schedule (vesting) of new tokens into circulation can impact supply.
  Exchange Listings: Availability on major centralized and decentralized exchanges increases accessibility and liquidity.

• What is the long-term value proposition for the EVAA token?

  The long-term value of EVAA is intrinsically linked to the success and adoption of the Evaa Protocol itself. As the governance token, its value proposition is based on:
  Governance Rights: The power to guide the protocol's future, making it more valuable over time.
  Ecosystem Growth: Increased usage generates more activity and potential demand for the token to participate in governance.
  Potential Utility Expansion: The EvaaDAO could vote to add new utilities, such as a fee-sharing mechanism, where token holders benefit directly from protocol revenue.
  Please note: This is not financial advice. The value of EVAA can be highly volatile, and you should only invest what you are willing to lose after conducting your own thorough research (DYOR).

• What is the total and circulating supply of the EVAA Token?

  The total supply of EVAA tokens is fixed at 100,000,000 (100 million). This is the maximum number that will ever exist.
  The circulating supply is the portion of this total that is currently tradable on the open market. It is consistently lower than the total supply and increases gradually according to a predetermined schedule. This increase occurs through two primary mechanisms:
  Vesting Releases: Tokens allocated to the team, early backers, and the treasury are systematically unlocked over time.
  Emission Rewards: Tokens are distributed as incentives to users who participate in the protocol through activities like lending and borrowing.