Forward the Original Title ‘一天涨10倍、开发者日赚3万美元，标榜「DEX新标准」的EtherVista是什么？｜Web3今日骗局’

Today, a new token called “VISTA” experienced a 10x price surge within just one afternoon. On Dexscreener, the details for VISTA are still listed under an “Unknown DEX.” VISTA originates from EtherVista, a DEX that launched on Ethereum just a day ago. EtherVista claims to be a “DEX that challenges Uniswap” and has been referred to by some token holders as the “Pump.fun of Ethereum.” Currently, several tokens have already been deployed and issued on EtherVista.

What is EtherVista?

EthervVsta said that its mechanism features challenge Uniswap’s AMM model.

According to EtherVista’s six-page white paper, the EtherVista standard introduces a new model in which fees are paid only in ETH and distributed to all liquidity providers and token creators participating in the pool. Each transaction is processed through a new Mechanism to distribute rewards while keeping gas fees low. Unlike Uniswap, a core feature of the EtherVista model is that market makers and creators benefit from trading volume rather than relying solely on token prices, thus encouraging long-term investment rather than short-term price speculation. Investors can also benefit from a delayed liquidity withdrawal mechanism that prevents quick cash outs.

To put it simply, developers who create tokens based on the Uniswap AMM mechanism can set buying and selling fees, such as 5% of the token for each transaction, and benefit from this. When the token price rises, the developer’s income will also increase accordingly, and the developer may sell the token and “run away” after obtaining sufficient income. But in EtherVista, developers can only charge transaction fees based on the smart contracts set by EtherVista, and use ETH as settlement. For example, the smart contract sets the handling fee to be 10U when buying the platform token VISTA and 15U when selling it. Regardless of the price of VISTA, on the handling fee channel, developers can only benefit from the number of transactions, which reduces the “ Make enough money and run away” risk.

The EtherVista smart contract maintains a sequence of numbers called “Euler”. These numbers are updated every time ETH is transferred to the contract. Each Euler number is calculated based on the previous Euler number plus the ratio of transaction fees and the total supply of liquidity provider tokens. Through this mechanism, each liquidity provider is ensured that each transaction Able to accurately obtain the benefits you deserve.

For each transaction, EtherVista charges an ETH fee, which is split between liquidity providers and the protocol. There will be four variables for setting fees in each pool, and these variables will be dynamically calculated based on the transactions on the chain. For example, a pool could have a buy fee of $10 and a sell fee of $15. If a user sells tokens, he needs to pay $15 in ETH to the liquidity provider and protocol. The protocol’s smart contracts will use this fee to establish a stable price floor and provide sustainable income to project creators. Each liquidity provider can claim the rewards they deserve at any time.

Users who provide liquidity are called “creators” and they have the authority to set various parameters of the pool, such as fees, protocol addresses, and metadata. This new model shifts the focus from short-term profits and price fluctuations to longer-term activities and project utility. Creators can also define on-chain metadata for their tokens, such as website links, project descriptions, social media accounts, etc. This information will be displayed on the EtherVista platform, ensuring that users are accessing reliable project information. The platform also integrates a global real-time chat function (SuperChat) to help users exchange information faster.

Ethervista also stated in the white paper that it plans to expand to larger markets, such as establishing an ETH-BTC-USDC liquidity pool, and providing lending, futures, and fee-free flash loan functions, aiming to become a multi-functional one-stop decentralized applications (DApps).

Agreement mechanism

On July 11, EtherVista posted its first tweet. On August 19, EtherVista stated that it was “airdropping the white paper.” As long as the tweet is forwarded, the official Twitter will send the project white paper in the form of DM.

On August 31, EtherVista announced on its official Twitter account that it would launch VISTA’s Fair Launch on the morning of September 1. The initial liquidity will be approximately US$30,000, and LP tokens will be destroyed. The issuance price of the token is approximately US$0.014, which is an increase of 12857 times based on the current price of US$18. Before going online, EtherVista’s official tweet stated that there will be no pre-sale and team pre-allocation, and that team funds will be used to purchase their own tokens at the same time as other users in a fair manner when going online.

EtherVista’s platform token is $VISTA, with a fixed supply of 1 million. It is a “value compound deflation token”, that is to say, each transaction will burn a part of the token. On this basis, the value of VISTA will increase with the transaction. EtherVista uses this to make VISTA have The ability to combat inflation promotes the continued growth of token prices.

The EtherVista white paper proposes a new decentralized exchange model that aims to solve existing problems by introducing a more reasonable fee distribution and token mechanism. Compared with the traditional AMM model, EtherVista encourages participants to make long-term investments rather than short-term speculation by adopting an ETH-only fee mechanism and innovative income distribution methods (such as Euler sequences). The platform also provides some unique features, such as SuperChat chat and customized token metadata display, aiming to create a more transparent and information-rich decentralized financial platform. Overall, EtherVista’s design contributes to the continued growth and stable development of the blockchain ecosystem.

To ensure the long-term success of $VISTA and other EtherVista projects, the platform has implemented a 5-day lock-up period. This lock-up period is designed to prevent developers and liquidity providers from withdrawing liquidity prematurely, causing the project to “run away”. The 5-day clock for the lockup period starts when the token creator first adds liquidity, ensuring that the token creator cannot withdraw liquidity earlier than other liquidity providers during this period.

Even though liquidity cannot be withdrawn within the first 5 days, liquidity providers can claim their rewards at any time. The EtherVista logo only comes after LP rewards for the $VISTA token have exceeded $25,000 in another 5 hours, and these fees are paid in ETH, which means that the collection of fees will not bring any benefits to $VISTA or other tokens launched on the EtherVista platform. This creates additional selling pressure and reduces potential risks to the project.

Experience tutorial

trade

EtherVista only directly displays the token names of ETH, USDT and VISIA. To purchase other tokens, you need to paste the token contract address in the input box and click ENTER. Then enter the purchase amount, and the interface will display the number of tokens that can be traded and the current liquidity pool information of the token.

Token inquiry and chat

The EXPLORER window allows you to view the details of token information created on the platform. This information is defined by the token creator and covers website links, project descriptions, social media accounts, etc. Different from other general token information display formats, the rewards generated by the tokens can be viewed on EtherVista, and these rewards will be distributed to LPs.

In addition, the Ethervista platform integrates a real-time chat function. Enter the SuperChat window and set a user name to chat in the interface. This function is similar to Pum.fun’s token comment area, but simpler and rougher.

Popular targets & positions

VISTA

EtherVista’s platform token is $VISTA, which went online at 0:00 a.m. on September 1. At noon today, VISTA suddenly began to soar, with a 10-fold increase in 5 hours. The trading volume exceeded 8.5 million US dollars, and the current market value is 13 million US dollars. EtherVista shows that VISTA generated a total of $67,334 in rewards for its LP. GMGN data shows that the top 70 VISTA buyers purchased a total of 56% of the tokens, and the current holding share is 6.38%.

VISTADOG

VISTADOG was created at around 2 p.m. on September 2. It increased more than 40 times within 4 hours after going online, with a trading volume of US$1.5 million. Market cap at time of writing is $1.2 million. According to EtherVista, VISTADOG has currently generated a total of $2,431 in rewards for its LP. GMGN data shows that the top 70 buyers of VISTADOG purchased a total of 36% of the tokens, and the current holding share is 12%.

Developer making $30,000 a day?

After BlockBeats conducted a transaction on EtherVista, they discovered that approximately $1 in ETH was transferred to an address starting with 0xCA9.DeBank dataIt shows that as of the time of writing, several ETH worth US$1 are being deposited into this address every second, and it is suspected to be the address of a VISTA developer.

existNansen, this wallet address is marked as “High Gas Consumer” and has a total of $63,819 at the time of writing, consisting of $57,856 worth of ETH, $4,875 of CLIPPY, and $281 of VISTA. It had US$33,833 in ETH on September 1, which means that EtherVista developers received US$24,023 in ETH through VISTA. As VISTA transaction volume increases, this number is still growing.

Disclaimer：

1. This article is reprinted from [theblockbeats].Forward the Original Title‘一天涨10倍、开发者日赚3万美元，标榜「DEX新标准」的EtherVista是什么？｜Web3今日骗局’. All copyrights belong to the original author [Joyce]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
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