Evernode Tokenomics

By Hethu Nanayakkara


Evernode is a layer-2 smart contract platform that provides infrastructure for hosting decentralized applications (DApps). It uses the Xahau network, the sidechain of the XRP Ledger (XRPL) for transactions and for Hooks implementation.

Fueling the Evernode ecosystem is Evers (EVR), the platform’s native digital currency used for all transactions within the platform.

This article delves into Evernode Tokenomics explaining the EVR token supply, earning opportunities through Evernode Hosts, and options for trading Evers in crypto exchanges.

Ever token supply

The total supply of Evers (EVR) is capped at 72,253,440 tokens. These will be issued on the Xahau blockchain as a fixed-supply token, meaning the total number of tokens in circulation will never exceed the capped limit. This finite supply fosters scarcity, a key economic principle that can contribute to value appreciation over time and would pave the way for a sustainable token economy within its ecosystem.

Ever token allocation

The total supply of 72,253,440 Evers were allocated to incentivize various stakeholders of the ecosystem. Out of the total, a block of 20,643,840 Evers (28%) was airdropped to create the initial circulating supply.

  • Beta Testers and Xahau XRPL Account Holders (14%): Recognizing the invaluable contributions by beta testers who supported the beta network, and the Xahau XRPL account holders who supported the journey as early adaptors, 10,321,920 Evers (14% of the total supply) were allocated to this group. (more details in this blog post)
  • Founders (7%): The project’s founders, whose vision and leadership brought Evernode to life, received 5,160,960 Evers (7% of the total supply).
  • Evernode Labs (7%): Evernode Labs, the driving force behind the project’s development, was allocated 5,160,960 Evers (7% of the total supply) to fuel ongoing innovation and platform maintenance. This portion is also used to reward the community participants with bounties for contributing to uplifting the ecosystem. (see Evernode Community Bounties)

The remaining significant portion of 51,609,600 Evers (72% of the total supply) is reserved to reward the Evernode Hosts, who play a pivotal role by contributing infrastructure resources that underpins the Evernode network. They enable Evernode to function as a Layer-2 decentralized, smart contract executing platform for DApps.

Become an Evernode Host and Earn EVR

As of 15th April 2024, there are over 10,000 Evernode hosts. Hosts participate in the network to provide resources for DApps and to earn Evers (EVR).

There are two main ways to earn Evers by being part of the Evernode network:

1.Receive Host Rewards

  • Anyone can join: Evernode welcomes anyone with a compatible Linux server to become a Host. Simply install the Evernode software to participate as a host.
  • Keep the server running: To be eligible for host rewards, the server needs to meet service requirements (host reputation > 200) and be recognized as “Active” by the network.
  • Reward distribution: Eligible hosts receive EVR rewards roughly every hour. A total of 51,609,600 EVR will be distributed to Hosts across 10 epochs. You can find detailed information about epochs and EVR distribution here.
  • Host rewards: The amount of EVR rewarded per host adjusts based on the current epoch and the total number of active hosts. With more hosts in the network, individual rewards decrease. As of April 15, 2024, the network is in Epoch 2, and hosts can expect to earn around 0.26 EVR per hour (roughly 6.24 EVR per day).

2.Lease hosting instances for DApps

In addition to earning host rewards, a host offers a specific number of “hosting slots” to be utilized by DApps. The DApp developers would lease out the slots by paying lease fees to the hosts.

  • Lease price: Hosts have the flexibility to set the hourly lease fee, considering the quality of the infrastructure and the desired return on investment (ROI). The market will ultimately determine the optimal pricing based on supply and demand. If the host offers high-quality resources at competitive rates, it will likely attract more tenants seeking to deploy their DApps.
  • Leasing to tenants: DApp developers seeking to deploy their applications can lease the slots for any duration in hourly blocks. They will acquire a lease NFT by paying the lease amount in EVR while the Evernode platform facilitates the transactions securely through the Xahau ledger.

A Host contributes to the foundation of the Evernode network and have the opportunity to earn EVR through both participation and instance leasing.

Trading EVR

In addition to earning EVR through running Evernode Hosts, users can acquire EVR tokens through various trading options available in the cryptocurrency market. EVR tokens are currently listed on BitTrue and BitMart exchanges and can be traded like any other currency.

The self-custodial Xaman wallet specifically designed for the XRP Ledger and Xahau is the recommended wallet app to store EVR tokens.


Evernode’s tokenomics presents an opportunity for individuals to participate in and contribute to a thriving decentralized ecosystem while earning EVR tokens. Whether by running Evernode Hosts or engaging in trading activities, users can unlock financial opportunities and be part of the future of decentralized finance.

As the platform continues to evolve and expand, the potential for earning EVR tokens and contributing to its success can yield enormous financial potential for tech enthusiasts.


  • https://evernode.org
  • https://docs.evernode.org