For this proposal to pass, it requires 35% quorum and 66.7% supermajority.
- Proposal to whitelist Everest Id.
- Co-investment of 50,000 BNT.
- There are some security concerns that could prohibit whitelist status - heavily concentrated token holders and whether code is audited.
- There is no reason to doubt the legitimacy of the Everest project.
- The benefit to Bancor is clear. The Everest community has asked for a whitelisting before on Twitter  and being able to stake ID on Bancor will increase awareness of the protocol and open the door for possible partnerships.
Token Address: 0xEBd9D99A3982d547C5Bb4DB7E3b1F9F14b67Eb83
Project Website: https://www.everest.org/
Deepest pools with ID are ID/ETH on Uniswap with a $626,071 liquidity, ID/ETH on SushiSwap with a $84,897.41 liquidity (Figure 1),.
Figure 1 - Exchanges that trade ID. Taken from ID price, chart, market cap and info | CoinGecko.
A co-investment of 50k BNT at $2.84 would equate to a $142,000 co-investment, allowing enough space for the pool to be the second deepest in any DEx.
ID has a max supply cap of 800,000,000 ID. Contracts are standard ERC-20 pausable contracts. The contracts don’t have any permissions that grant administrators unrestricted mint/burn capabilities.
The top 15 contract and addresses with the highest concentration of ID tokens are wallets that exclusively own ID, suggesting they might belong to exchanges or the team, as well as the token contract, UNI ID/ETH pools and another Everest contract. Top 4 wallets collectively hold 70% of all ID tokens in circulation.
Figure 2 - Top 15 holders of ID, taken from $0.2469 | Everest ID (ID) Token Tracker | Etherscan.
Everest is a next generation blockchain + fintech platform bringing the mass-market of users and traditional financial institutions into the decentralized finance (DeFi), crypto + fiat future.
The Everest Foundation offers Stakers, eAgents and eTellers the cost-competitive, vertically integrated solution from Everest Networks for onboarding an account with integrated eKYC + compliance, and the ability to effectively resell Everest-supplied services, such as DeFi (savings, lending/borrowing, swapping, etc.), international routing, peer-to-merchant. Stakers, eAgents, and eTellers are incentivized through the ID token, a utility token that rewards virality and holding.
Everest incorporates a massively scalable payment solution, EverChain, with a multi-currency wallet, EverWallet, a native biometric identity system, EverID, and a flexible value tracking token, the CRDT (Figures 3 and 4).
Figure 3 - Everest Ecosystem.
Figure 4 - Everest Platform
Everest has recently partnered with Oracle. Other partners include Aave, FTX and Kyber which are publicly partnered.
More info on their whitepaper https://www.everestlink.org/wp-content/uploads/2021/02/EverestFoundationPlatformTechBriefv320.pdf
IDs are a utility token enabling access to the Identity Network and every exchange of value in the economy.
Receiving payments is always free within the system, but users need to stake 1-100 IDs in their wallet if they want to send payments.
Like within all large systems, the higher levels of data, complexity, visibility and targeting require a larger stake, up to 250,000 IDs.
Institutions need to stake varying amounts of IDs to gain tiered levels of access and additional IDs for market-specific applications.
The ID token has a number of uses within the Everest ecosystem. For the Platform, it acts as a component of the authorization system, allowing access to the platform for users, developers, and organizations. For specific applications, holding ID tokens unlocks various “premium" features within the applications, or unlocks savings on fees charged for service. For staking, locking ID tokens into a staking contract for a period of time earns rewards. For governance, holding ID tokens unlocks certain voting rights on decision making.
The ID ERC-20 contract is a standard ERC-20 pausable contract. The contracts don’t have any permissions that grant administrators unrestricted mint/burn capabilities.
Couldn’t find information on Everest contracts and blockchain audits.
- ID’s price at the time of writing is $0.2194.
- All-time high: $1.98 (9th Apr, 2021).
- All-time low: $0.145992 (23rd May, 2021).
- Price 90 days ago: $0.864197
- 116,700,00 tokens in circulation.
- The current market capitalization is $25,774,616.
- The ID token is only available on Bilaxy, Kyber Network, SushiSwap, Uniswap.
- The 24-hour volume of the Uniswap ID/ETH pool is $189,949. The extrapolated yearly fees collected are 16.61% of the pool liquidity. 
- The 24-hour volume of the SushiSwap ID/ETH pool is $17,617.19. The extrapolated yearly fees collected are 11.49% of the pool liquidity. 
 Data taken from https://www.coingecko.com/en/coins/everest
 Data taken from Uniswap Info
 Data taken from $0.25 | ID | SushiSwap Analytics