Evai is a decentralised autonomous organisation (DAO) Presenting a world-class decentralised rating system for crypto, DeFi and NFT-based assets that can be used by anyone to evaluate these new asset classes.
Through a combination of peer-reviewed financial research and economic modelling, Evai provides decentralised and impartial ratings based on a multi-factor AI & ML model that removes the need for human intervention.
The EVAI token is an Ethereum-based ERC-20 standard token built upon a turing complete smart contract. By conforming to the ERC20 token standard, EVAI is compatible with existing Ethereum infrastructure, such as wallets and exchanges.
The Ethereum Virtual Machine (EVM) allows the deployment and execution of smart contracts, enabling complex issuance rules for cryptoassets like EVAI.
Evai will build upon this and encourage community engagement through a distributed token-based governance system, allowing EVAI holders to vote and reach consensus on platform upgrades, security protocols and decide which cryptoasset instruments are added next to the ratings platform.
To address potential volatility issues and to satisfy the criteria of certain tier 1 & tier 2 exchanges, Evai has formulated a staking mechanism, mandating both founders and early investors to hold tokens beyond exchange listing until a fixed future date.
This provides additional certainty to all early EVAI adopters in terms of price protection and provides a fixed date when tokens will be able (available) to trade, buy, sell, or swap via an exchange.
All EVAI tokens purchased from day 1 of the project until our initial exchange listing will be staked—with wallets being locked from 1st December 2020 until 1st June 2021. A Staking reward amounting to 10% of EVAI holdings will be added to all investors’ wallets at the end of the Staking period on 1st June 2021.
From June 1st onwards, early investors will be able to sell a maximum of 10% EVAI per month over a 10 month period, equating to 100% of their token holding.
All founders’ token holdings and wallets will be locked from 1st December 2020. Founders will not be eligible for any staking reward on founder allocations other than those acquired via additional investment, which will be treated under the 'Investors Staking' procedure.
Additionally, founders’ exchange sales will be further restricted for five years from December 1st, 2020. Founders will only be allowed to sell up to 10% of their holding from the end of each six-month period from the commencement of staking. In this way, the founders will be strongly incentivised to work for the benefit of Evai to provide ongoing price stability and growth.
The Evai founders unanimously decided that investor staking was an essential mechanism to promote price stability and ensure the future prosperity of the Evai ratings project. It was also unanimously agreed that all founders must submit to an even more rigorous staking regime than that of investors to ensure continued dedication to the Evai business for years to come.
The Founder’s token allocations are required to be released monthly at a rate of 1.67% over a 60 month period (5 Years). This approach alleviates sell pressure in the open market post IEO for all investors new and old.
Participants of the Token Sale understand and accept that EVAI tokens do not represent or constitute any ownership right or stake, share or security or equivalent rights nor any right to receive future revenues, shares or any other form of participation or governance right in or relating to the Evai service or any entity from Evai Ratings & Research Ltd.
The DLT Asset qualifies as a UNIT in an undertaking that constitutes a scheme or arrangement which has its objectives in the collective investment of capital. Participants of Token Sale understand and accept that he/she has no right to claim as holder of EVAI any intellectual property rights, equity or equivalent rights or any other form of participation in or relating to the Evai service and/or any entity from Evai Ratings & Research Ltd.
EVAI is a utility token, issued on the Ethereum platform based on an ERC20 standard contract, that can be used as form of payment for Evai service. Ownership of EVAI carries no rights express or implied other than a right to receive the Evai service, if and to the extent the Evai service has been successfully completed and launched in a country.
By purchasing EVAI tokens the Participant of such Token Sale represents and warrants that:
The Participant of Token Sale is not a citizen or resident of a country, whose legislation conflicts/restricts exchange of tokens/ryptocurrencies and/or the Evai service in general.
The Participant of Token Sale is not a citizen or resident of countries listed in COMMISSION DELEGATED REGULATION (EU) 2016/1675 of 14 July 2016 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council by identifying high-risk third countries with strategic deficiencies e.g.: Afghanistan, Bosnia and Herzegovina, Guyana, Iraq, Lao PDR, Syria, Uganda, Vanuatu, Yemen, Ethiopia, Sri Lanka, Trinidad and Tobago, Tunisia, Iran, Democratic People’s Republic of Korea (DPRK)
If you are purchasing the EVAI token through an exchange via pre-sale or listing, you will have to complete account verification and verification of your identity documents before purchasing EVAI token. This usually entails email and phone verification, uploading of your passport or national ID and submission of your latest utility bill (within the last 3 months).
Procedures will be conducted according to laws of the European Union, especially Commission Delegated Regulation (EU) 2016/1675 of 14 July 2016 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council by identifying high-risk third countries with strategic deficiencies.
For the avoidance of doubt, the following country residents and nationals are permitted/not permitted to purchase or own EVAI Tokens.
Andorra, Anguilla, Armenia, Aruba, Australia, Austria, Bahrain, Bangladesh, Barbados, Belgium, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Brunei, Bulgaria, Canada, Cayman Islands, Chile, China, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, Egypt, Estonia, Faroe Islands, Finland, France, Gambia, Georgia, Germany, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Korea, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Malaysia, Malta, Marshall Islands, Martinique, Mauritius, Mexico, Monaco, Montserrat, Morocco, Netherlands, Netherlands Antilles, New Zealand, Niue, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Réunion, Saint Kitts and Nevis, Saint Lucia, San Marino, Saudi Arabia, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Suriname, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Turks and Caicos islands, Tuvalu, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Vatican City.
Not Permitted Countries
Afghanistan, Albania, Algeria, American Samoa, Angola, Antigua and Barbuda, Argentina, Azerbaijan, Bahamas, Belarus, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Burkina Faso, Burma (Myanmar), Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, Colombia, Comoros, Congo, Congo-Brazzaville, Cook Islands, Cote d'Ivoire / Ivory Coast, Cuba, Djibouti, Ecuador, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Ghana, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iran, Iraq, Kazakhstan, Kenya, Kiribati, Kosovo, Kyrgyzstan, Laos, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Moldova, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Caledonia, Nicaragua, Niger, Nigeria, North Korea, Northern Mariana Islands, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Puerto Rico, Rwanda, Saint Vincent & The Grenadines, Samoa, Sao Tome & Principe, Senegal, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Swaziland, Syria, Tajikistan, Tanzania, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Turkmenistan, Uganda, Ukraine, United States of America, US Virgin Islands, Uzbekistan, Venezuela, Vietnam, Western Sahara, Yemen, Zambia, Zimbabwe