Everstake Turns Six Today!

Six years ago today, Everstake came into being. This term may arguably seem insignificant for a normal adult, but in the world of crypto, that’s eons.

To put things into perspective, back when Everstake was launched, the ICO craze had just subsided, and the second crypto winter had only kicked in. Since then, the industry has seen numerous events of principal importance, such as the launch of Solana or Ethereum’s transition to PoS. 

And Everstake was always present, not always as an eyewitness but often as an immediate participant in those events.

To mark our company’s progress over those six years, we created a series of charts and graphs that fully visualize our evolution. They also give an idea of what Everstake is usually involved in, and no, it’s not just staking. Please enjoy!

Everstake’s Progress

Any business is, first and foremost, people. Everstake had very humble beginnings but soon expanded to employ over 100 people. Those are DevOps, developers, blockchain managers, marketing experts, support specialists, and many other professionals who make Everstake what it is today.

Everstake started off as a validator for just two blockchains. Still, our reputation and industry awareness of our technical prowess grew quite rapidly, so, at a certain point, there was a need to create a separate team that would completely dedicate themselves to all the events occurring in each of the blockchains Everstake worked with. The chart below shows how many chains Everstake has worked with in the respective years.

With the blockchain portfolio’s expansion and the user base’s growth, the total stake also skyrocketed. Even though the crypto winter of 2023 took a toll on it (at least on its value in USD), it soon recovered to an impressive $6 billion.

Selecting which blockchains to work with also proved quite difficult without a team of seasoned researchers and data scientists, so such a department was launched in 2021. They scrutinize every project and blockchain that wants to have Everstake as a validator, researching every detail, from technological foundations to public relations and business development. The chart below shows how many projects were reviewed this way. 

More or less the same process goes into evaluating and assessing projects seeking an investment from Everstake. It’s probably even stricter since it’s less than 50 projects that eventually made the cut. But, on the other hand, all of them are either big names in the crypto industry or well on the way to becoming ones.

Partnerships with other serious and responsible companies are also part of this job. After all, you cannot build a secure and efficient Web3 alone. So, Everstake’s business development branch has been dedicated to building what underpins many technological breakthroughs: bridges between different teams.

Last but not least, Everstake has been actively involved in the progress of the blockchain industry as a developer. Over the years, we contributed numerous products and services to some of the most prominent blockchains and wrote the code for some of them. And, without any false modesty, we can say that we’re all very proud of our development team.

This, of course, covers only the most important parts of our journey. Maybe we’ll make a more comprehensive overview for our 10th anniversary? Who knows. But…

…You Came Here for the Scavenger Hunt, Didn’t You?

As a reminder of what you’re probably aware of anyway, we’ve sent 1,000 USDT to a wallet and made clues for each of the 12 words in its passphrase. The one to take all the hints correctly and faster than everyone else will be able to claim one grand with no strings attached!

In case you missed it, here’s the starting point.

So, without further ado, here’s your clue #3. This verb can be used in origami, cooking, and gambling.

Simple one, isn’t it? But there are more. You’ll find the next one on our Medium news channel.

UPD: The Scavenger has ended; the prize found its winner! The answer was FOLD.

Good luck!