Built on BSC — By Design
A common question: why is a protocol that distributes Ethereum built on Binance Smart Chain? The answer is economic and technical.
The Gas Fee Problem
EverETH was deployed in August 2021, when Ethereum mainnet gas fees routinely exceeded $20–$200+ per transaction. A reflection mechanism that distributes to thousands of holders on every single transaction would have been economically impossible on Ethereum. A single reflection cycle could have cost more in gas than the entire fee collected.
Why BSC Solves This
Binance Smart Chain provides the infrastructure that makes the reflection mechanism viable:
Enable frequent micro-distributions without destroying value
Allow rapid settlement of reflections after each transaction
Provide deep, established liquidity infrastructure
Consistent uptime and performance since 2020
About Binance-Pegged ETH
Reflections are paid in Binance-pegged ETH — a BEP-20 token on BSC that is backed 1:1 by real Ethereum held in reserve by Binance. This means:
You receive real Ethereum value on a low-cost chain.
You can hold, use, or swap your pegged ETH freely on BSC.
You can bridge your pegged ETH to native Ethereum (L1) at any time via Binance or third-party bridges.
Transparency Note
Binance-pegged ETH introduces a dependency on Binance as custodian of the backing reserves. This is a known counterparty risk that holders should understand. Binance publishes attestation reports on its pegged asset reserves.