Bitcoin DeFi Project EverValue Raises Over $4.7 Million in Token Presale

Bitcoin-backed DeFi project EverValue’s token presale was an “exceptional success,” raising over 75 BTC ($4.7 million) and surpassing its initial target of 35 BTC within the first week of launch, the project said.

In a statement shared with Decrypt, EverValue CEO Flor Ayala said that the raise, “underscores the strong backing from the community and reinforces EverValue’s unique value proposition in the cryptocurrency space,” as it raised 120,000 USDT in just one hour on crypto exchange XT’s Launchpad platform, selling 313,000 of the project’s EVA tokens.

EverValue is designed to provide Bitcoin users with an alternative to decentralized finance (DeFi) staking. It claims to enable users to grow their BTC holdings through Bitcoin mining without the risk of losing their initial BTC capital.