Get ready for the Evrmore launch!

Posted September 13, 2022 by Hans Schmidt ‐ 2 min read

Introducing Evrmore, the DeFi project of the Ravencoin community. Make sure your RVN are on-chain to participate in the airdrop!

Evrmore - The extension of Ravencoin for Distributed Finance applications.

The launch date for Evrmore will be announced soon. Evrmore will be a new chain, with a new purpose, a new mining algorithm, and a dedication to development and applications.

Shortly before the launch of the Evrmore blockchain, before mining begins, a snapshot will be made of the Ravencoin blockchain state. From that state, a list of RVN addressess and their balances will be calculated. Ravencoin assets will not be copied onto the list. That list of RVN addresses will be translated to EVR addresses and used as an “airdrop” at the genesis of Evrmore mining. So holders of RVN at the time of the snapshot will be granted an equal number of EVR when Evrmore starts. We only want people interested in Evrmore to hold EVR. So all airdropped coins will need to be moved to different EVR addresses by their keyholders within 60 days after the airdrop. After the 60 day time limit, any airdropped coins wich have not been moved to new EVR addresses will become unusable/burned.

But your RVN must be ON-CHAIN, not parked at an off-chain exchange such as Coinbase Corp or Binance in order to participate in the airdrop.

Also, for practical reasons of performance and security, only the 50,000 most valuable Ravencoin addresses will be eligible for the airdrop. At today’s (recently doubled) price, that implies a cut-off of about $130 US minimum per address. We would love to include every address, but Ravencoin has almost 1/2 billion addresses with non-zero balance! It will be more convenient for you and benefit everyone if your RVN are consolidated into fewer addresses.

So be ready with your RVN on chain during the Ravencoin chain snapshot in order to get your free EVR! (p.s.- but don’t panic- we will provide at least 2 weeks advance notice)

The snapshot date will be announced soon!

Until then, please join our community on Discord at https://discord.gg/deXRV7Bb