MiCAR White Paper

RA2 TECH SA is a technology company dedicated to building and scaling Web3 infrastructure and AI powered solutions.. The company's core business activities include blockchain development, digital asset infrastructure and applied AI engineering to support decentralized ecosystems. RA2 TECH SA operates globally, with a strategic focus on the European Union.

Funding and Capitalization:

The company's initial share capital is CHF 200000.

The Foundation is sufficiently self-funded with native token and stablecoin. The everything token has a fully diluted value as of 19.03.2026 of approximately USD 40 000 000.

Financial Statement Summary (by Year):

• For 2024 (audited):
  • Turnover (Revenue): CHF 8.555.317,90
  • Profit/Loss: CHF -340.081
  • Total Assets: CHF 8.595.792
  • Liquid Assets: CHF 8.223.230
  • Total Liabilities: CHF 5.855.252
• For 2023 (unaudited):
  • Turnover (Revenue): CHF 18.075.407
  • Profit/Loss: CHF 2.792.329
  • Total Assets: CHF 5.256.976
  • Liquid Assets: CHF 4.349.673
  • Total Liabilities: CHF 2.622.372
• For 2022 (unaudited):
  • Turnover (Revenue): 0
  • Profit/Loss: CHF -208.897
  • Total Assets: CHF 1.175.591
  • Liquid Assets: CHF 218.390
  • Total Liabilities: CHF 1.574.768

Everything delivers a DeFi-first platform: a unified liquidity architecture designed to power all core DeFi activities in one place.

Unlike traditional protocols that rely on external price feeds (known as “oracles”), Everything uses an internal pricing system based on real trading activity. This removes delays and reduces the risk of price manipulation.

The platform also uses a “tick-based” model, meaning liquidity is allocated at specific price levels rather than spread inefficiently. This allows capital to be used more precisely and avoids funds sitting idle.

As a result, Everything achieves high capital efficiency: user funds are constantly active and can generate yield simultaneously from multiple sources, such as trading fees, lending interest, and margin activity.

By removing fragmentation between different protocols, Everything enables users to access all major DeFi functions, such as swapping, lending, borrowing, and trading, through a single liquidity pool and one smart contract.

This approach simplifies the user experience while maximizing the productivity of capital, offering a more efficient and integrated alternative to today’s DeFi landscape.

The EV token has several key functionalities within the Everything ecosystem. The platform offers a suite of goods and services designed to provide functional access to core protocol services, including AI tools, lending, stablecoin minting, liquidity incentives, and decentralized governance.

The services are offered by a decentralised network with no involvement of Everything.

Key utilities of the EV token include:

Governance: EV holders can use their tokens for DAO governance and vote on protocol parameter optimizations.

Platform Utility / Transactions: The token is used as an utility and usage token for core platform features, including paying for AI tools, publishing lending offers, and, in the future, minting USDN tokens.

Staking: Users can stake EV tokens to earn additional EV tokens for supporting the protocol's operations.

Ecosystem Rewards / Access: The token grants access to AI tools currently available in beta after whitelist access and allows users to earn EV token rewards as liquidity providers and through staking participation.

EVERYTHING has secured financial resources (approximately 12 million USD through backing from the prominent firm RA2 TECH SA (market making revenue).

These resources are allocated to key areas, including:

• Product Development & Art: USD 10,200,000.

• Marketing & Community Growth: USD 1,500,000.

• Consultancy and Legal/Compliance: USD 300,000.

The project is supported by a team of 25+ members with specialists in blockchain, AI, frontend and backend. Operational support is bolstered by dedicated personnel focused on product development, compliance, and community growth.

All resource allocation amounts are estimates based on data available at the time of disclosure

This is not applicable because there will be no raising of funds. This is not an offer of the EV token but rather an admission of the EV token to trading, as it is already in circulation.

The admission to trading of EVERYTHING (EV) is intended to:

• Increase Accessibility and Liquidity: To make the EV token more accessible to European users and improve its liquidity on secondary markets. This can result in more efficient price discovery and reliable trade execution.

• Enhance Transparency and Compliance: This MiCA-compliant disclosure is filed to enhance transparency, regulatory clarity, and investor confidence. It signals the project's readiness to align with the high disclosure standards of Regulation (EU) 2023/1114.

• Support Ecosystem Growth: By increasing access, RA2 TECH SA aims to encourage wider participation and contribution to the Everything ecosystem, allowing a broader user base to participate in DAO governance, use EV to access AI tools, publish lending offers, stake tokens, and contribute liquidity to the protocol.

This initiative is an admission to trading and not a fundraising event or public offer.

The project is targeted at all types of investors. No restrictions are being applied other than those required by relevant laws, regulations, or the internal policies of the trading platforms.

Access to the EV token may be restricted by the individual trading platforms where it is made available. These restrictions may include, but are not limited to, geo-fencing for users in OFAC-sanctioned jurisdictions or other individuals prohibited under the platform's terms and conditions and applicable laws.

Purchases of EV on Bitpanda, Kraken or Bitvavo may be made using supported crypto-assets USDT or fiat currencies (EUR), as per the available trading pairs on the platform. The information on the specific payment methods and providers of payment services is available at https://www.bitpanda.com, https://www.kraken.com, https://bitvavo.com and their use is subject to the applicable terms and conditions of the specific service provider.

If applicable, any valid reimbursements shall be made to the account or wallet originally used to participate in the offer.

The EV acquired as a result of trades shall be transferred through smart-contract to the compatible wallet or account as designated to the smart-contract.

Purchasers must have an account on a trading platform where EV is listed and abide by that platform's terms. Technically, holders must have a digital wallet compatible with the ERC-20 on the Ethereum blockchain. This can be a self-custodial wallet or an account managed by a third party (like an exchange). Basic requirements include internet access and a compatible device (computer or mobile).

EV is available on several centralized and decentralized trading platforms. Investors can access these platforms by creating an account on their respective websites (e.g., https://www.bitpanda.com, https://www.kraken.com, https://bitvavo.com) and complying with the platform's requirements, including KYC/AML verification.

Access to the trading platforms is typically free, but users will incur costs related to trading and transactions. These may include transaction fees (maker/taker fees), withdrawal fees, and network fees. These costs are set by the individual exchanges and are not controlled by RA2 TEc. Users are advised to review the fee schedule on the respective platform's website at https://www.bitpanda.com  https://www.kraken.com, https://bitvavo.com.

To the best knowledge of RA2 TECH SA, no conflicts of interest have been identified in relation to the admission to trading.

Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper shall be governed by and construed in accordance with the laws of Switzerland.

Subject to mandatory applicable law, any dispute arising out of or in connection with this white paper shall be exclusively subject to the jurisdiction of the courts in Switzerland.

EV is classified as an "Other Crypto-Asset" under Regulation (EU) 2023/1114, as it is not an Asset-Referenced Token (ART) or E-Money Token (EMT). It is a fungible token based on the ERC-20 standard.

The EV token's primary functionalities within the EVERYTHING ecosystem include:

• Governance: Holders can use the tokens to votes, for DAO's strategy's decision.

• Staking / Reward: Holders can stake EV tokens to earn additional EV tokens.

• Transaction Fees / Platform Utility:  Users can use EV tokens to pay for AI services, including the Eva AI tools and related terminal or subscription features, and EV is also intended to be spent to publish lending offers and, in the future.

• Ecosystem Utility / Rewards: Liquidity providers can receive EV token rewards, and the token grants access to AI tools currently available in beta or whitelist access, while supporting participation across the broader Everything platform ecosystem.

The services are offered by a decentralised network with no involvement of Everything.

The functionalities described in F.2 are planned for progressive activation through future protocol upgrades.

EV is a fungible, transferable crypto-asset classified as an "Other Crypto-Asset" under MiCA. It operates on the Ethereum blockchain as an ERC-20 token. The underlying network, Ethereum, uses a Proof-of-Stake consensus mechanism designed for smart-contract execution and decentralized applications. EV does not represent ownership, profit rights, or legal claims, and functions solely to support the protocol's technical and economic operations.

The issuer, does not provide any services that qualify as crypto-asset services or other regulated financial services under Regulation (EU) 2023/1114 (MiCA) or other European Union financial services legislation.

Purchasers or holders of EV do not acquire any contractual rights, equity interests, profit-sharing rights, dividends, or other legal claims against RA2 Tech SA or any affiliated entity by virtue of holding the token.

The EV token is a decentralized digital asset designed for functional use within the Everything ecosystem. Any "rights" are limited to the token's protocol-level utility, such as:

• DAO Governance: The ability to The ability to vote on protocol parameter optimizations .
• Platform Utility: The ability to The ability to pay for AI tools, publish lending offers, and mint USDN tokens when enabled.
• Staking and Rewards: The ability to The ability to stake EV tokens to earn additional EV tokens.

Holding EV does not represent ownership in any legal entity and does not confer any right to financial returns.

There are no formal contractual rights to "exercise." Any functionality associated with EV is exercised technically by interacting with the Everything protocol's smart contracts.

For example:

• Governance: Rights are exercised by using EV tokens in the DAO governance process to vote on protocol parameter optimizations .
• Utility: Rights are exercised by submitting a transaction that uses EV as payment for AI tools, to publish a lending offer on the platform, or to mint USDN once that feature is enabled.

These actions are carried out on-chain and are validated by the decentralized network, not by RA2 Tech SA. Procedures are defined in the project's public documentation (e.g., https://everything.inc/ and https://smardex.io/p2p/market).

RA2 TECH SA cannot unilaterally modify the token's functionalities. As Everything is a decentralized protocol, any changes to the token's utility or the network's rules are subject to the project's established governance process.

Modifications occur through protocol upgrades or DAO governance proposals, which must be voted on through the project’s governance process and implemented at the smart-contract level. Everything is fully on-chain, permissionless, and governed entirely by code..

Not applicable.

EV functions as a utility token within the Everything ecosystem ecosystem, providing access to its core goods and services. These include:

• DAO Governance: EV holders can participate in shaping the ecosystem via voting on protocol parameter optimizations.
• Platform Utility: Users can use EV to pay for AI tools, publish lending offers, and mint USDN tokens once that functionality is enabled.
• Network Access: Access to Eva AI-powered services, terminal and subscription features, and broader protocol services linked to P2P lending and USDN integration.

The EV token is "redeemed" or used within the ecosystem to access the goods and services listed in G7. This occurs when a user spends EV tokens to pay for AI tools, to publish a lending offer on the platform, or to mint USDN once that functionality is enabled. The type of goods or services that can be redeemed may evolve over time based on ecosystem development and governance.

There are no restrictions on the transferability of EV at the protocol level; it may be freely transferred between users.

However, a portion of the token supply allocated to investors, exchanges, market makers is subject to contractual lock-up and/or vesting schedules (e.g., ranging from 6 to 48 months). Furthermore, individual trading platforms may impose their own transfer restrictions in accordance with applicable laws and internal policies.

There is no written legal agreement between the person seeking admission to trading and the crypto asset-holder that sets out the laws that govern the legal relationship between those two parties. In the absence of such an agreement, the law and competent court applicable to the EV shall be the law of Switzerland, unless prescribed otherwise by applicable legislation (incl. consumer law).

There is no written legal agreement between the person seeking admission to trading and the crypto asset-holder that sets out the laws that govern the legal relationship between those two parties. In the absence of such an agreement, the law and competent court applicable to the EV shall be the law of Switzerland, unless prescribed otherwise by applicable legislation (incl. consumer law).

EV is a ERC-20 token. This standard ensures industry compatibility with wallets, exchanges, and smart contracts. The Ethereum network itself is a public, permissionless, decentralized blockchain that utilizes a Proof-of-Stake consensus mechanism for its operations.

As a ERC-20 token, EV is deployed as a smart contract. Users can hold, store, and transfer the token using any wallet software (non-custodial or self-custody) that is compatible with the Ethereum network. Users may also manage the token through accounts provided by third-party custodians or centralized exchanges.

The Ethereum network, which EV relies on, operates using a Proof-of-Stake consensus mechanism.

In this system, validators are chosen to create new blocks and validate transactions based on the amount of native tokens (ETH) they have staked as collateral.

The Liquidity providers and users who stake EV are rewarded with economic incentives for their participation. These incentives consist of EV tokens. Some fees are applicable to the use of the ecosystem that are collected for the benefit of these mechanisms. The fee's percentages are decided by the DAO.

The audit was successfully completed. The audit reviewed the smart contract for compliance with DeFi best practices, security vulnerabilities, and robustness of the EV protocol mechanisms.

The outcome was that no critical vulnerabilities were identified, and the contracts were found to be secure within the defined audit scope, with minor issues addressed prior to deployment.

The admission of EV to trading on third-party platforms involves specific risks for holders:

• Third-Party Platform Risk: Holders are subject to the terms and conditions of the trading platforms. The platform's operational disruptions (e.g., outages, cyberattacks) or a decision to delist EV (due to low liquidity, regulatory pressure, or internal policy) could severely impact the token's accessibility and liquidity.
• Platform Insolvency Risk: If a trading platform holding a user's EV tokens becomes insolvent or bankrupt, users risk the partial or total loss of those assets.
• Regulatory Risk (Platforms): Crypto-asset service providers are subject to evolving regulations. New rules could force platforms to halt trading, restrict access for users from certain jurisdictions, or delist EV.

N/A

Holding EV involves risks inherent to most crypto-assets:

• Market Volatility: Crypto-asset prices are extremely volatile and subject to significant, rapid fluctuations. The value of EV can be influenced by market speculation, shifts in sentiment, and macroeconomic factors, and may not reflect the project's fundamentals. There is no guaranteed price floor, buyback or redeemability mechanism, which means that acquiring the EV may result in total loss of the invested amounts.
• Liquidity Risk: The market for EV may lack depth and liquidity. It may be difficult to buy or sell large quantities at a desired price, or at all, leading to significant financial losses.
• Custody & Private Key Risk: Holders are responsible for securing the private keys to their wallets. The loss, theft, or compromise of these keys will result in the irreversible loss of all associated EV tokens, with no recourse.
• Regulatory Risk: The legal and regulatory treatment of crypto-assets is uncertain and evolving. Future regulations could impose restrictions on the holding, use, or trading of EV, or it could be classified in a way that adversely affects its value or legality.
• Utility Risk: The expected utility of the EV token within the Everything ecosystem may fail to materialize due to low user adoption, technical failures, or superior competing projects, undermining its fundamental value proposition.

The future success of the EVERYTHING ecosystem is subject to significant implementation risks:

• Adoption & Competition Risk: The project may fail to attract a sufficient number of users, developers, and participants to create a viable ecosystem. It faces competition from other projects that may have substantially greater financial, technical, and marketing resources.
• Roadmap & Development Risk: The project may experience delays, fail to deliver on its published roadmap, or encounter unforeseen technical complexities. Strategic shifts or "pivots" may result in features that do not align with community expectations.
• Funding & Treasury Risk: Continued development depends on the effective management of the project's treasury. A shortfall in funding or misallocation of resources could slow or halt ecosystem development.
• Governance Risk: For decentralized projects, governance "deadlock" or misalignment of incentives among participants can impede critical network upgrades and strategic decisions.

The EV token and Everything platform rely on complex, emerging technology, which introduces specific risks:

• Smart Contract Risk: The smart contracts for EV and the ecosystem's applications, despite audits, may contain hidden bugs, flaws, or vulnerabilities. Such flaws could be exploited by malicious actors, potentially resulting in the theft or irreversible loss of funds.
• Underlying DLT Risk: The project relies on the security and performance of the underlying Ethereum network. This network is subject to its own risks, such as network congestion, high transaction fees, consensus failures (e.g., 51% attacks), forks, or operational halts. Execution of transactions requires gas fees, which are subject to market conditions and may fluctuate during periods of high activity. Users who interact with EV via decentralized exchanges (DEXs) may face exposure to front-running or Maximal Extractable Value (MEV), where third parties reorder or insert transactions for their advantage.
• Cybersecurity Risk: The ecosystem, including its protocols, bridges, and front-end applications, is a target for cyber-attacks (e.g., DDoS attacks, hacks). A successful attack could disrupt services or lead to a loss of user assets.
• Bridge Risk (if applicable): If EV exists on multiple blockchains, the bridges connecting them are a critical vulnerability. An exploit of a bridge protocol could lead to de-pegging or unrecoverable losses.
• Scalability Risk: The underlying technology may not scale effectively to handle a high volume of users or transactions, leading to slow performance and high fees, which would deter adoption.

RA2 Tech SA has implemented several measures to mitigate the identified risks:

• Security Audits: Commissioning comprehensive security audits of all smart contract code from reputable, independent third-party security firms before deployment.
• Bug Bounty Program: Operating an active bug bounty program to incentivize ethical hackers and security researchers to discover and responsibly report vulnerabilities.
• Regulatory Monitoring: Actively monitoring the global regulatory landscape with the assistance of external legal counsel to ensure compliance with applicable laws.
• Use of Reputable Technology: Building on a secure and battle-tested DLT (like Ethereum) to leverage its established consensus mechanism and security.
• Decentralized Governance: Implementing a decentralized governance framework to distribute decision-making and align stakeholder incentives for the long-term health of the protocol.
• Strategic Partnerships: Strategic partnerships and exchange listings are pursued to improve liquidity and operational resilience.

The Ethereum network, which EV relies on, operates using a Proof-of-Stake consensus mechanism.

In this system, validators are chosen to create new blocks and validate transactions based on the amount of native tokens (ETH) they have staked as collateral.

The Liquidity providers and users who stake EV are rewarded with economic incentives for their participation. These incentives consist of EV tokens. Some fees are applicable to the use of the ecosystem that are collected for the benefit of these mechanisms. The fee's percentages are decided by the DAO.

Data provided by CCRI; all indicators are based on a set of assumptions and thus represent estimates; methodology description and overview of input data, external datasets and underlying assumptions available at: carbon-ratings.com/dl/whitepaper-mica-methods-2024 and docs.mica.api.carbon-ratings.com. We do not account for any offsetting of energy consumption or other market-based mechanism as of today.