Introduction to Fund Tokens

What are they and why were they created?

Welcome to Eversify, the flagship of Fund Tokens. This project has been a great pleasure for us to work on and we are extremely excited to share it with you. But let's not get ahead of ourselves, you're probably wondering “what’s a Fund Token”? A Fund token is a token trading on the Ethereum blockchain (for now), with 3 main distinctions.

1. It collects its 5% transaction tax that is immediately sold for Ethereum.

2. The number of eligible holdings an investor possesses results in a proportionate distribution of Ethereum dividends on a bi-weekly basis, from the reinvested transaction tax.

3. The fund tokens are tied/connected to a Fund wallet that invests based on a specific risk adjusted mandate. The tokens you purchase determine the wallet your returns are connected to. The tokens also participate in conventional price movement so an investor can still enjoy capital gains.

Think of a Fund Token as a managed product for crypto investors that trades on a Blockchain network (for us that is Ethereum...to start). Eversify Fund Tokens trade in the market, with all other tokens, however, purchasing a fund token is not done solely for capital gains, but also for the reinvestment of all the investors pooled transaction tax according to a risk adjusted mandate. The idea here is: the returns resulting from the reinvestment of the transaction tax will create passive income for holders in the form of Ethereum dividends on a bi-weekly basis. In summary, Eversify is reminiscent of a closed-end fund for cryptocurrency, with the fund units (or in our case, Fund Tokens) trading on the ERC-20 market for purchase by interested investors, where the price of the token fluctuates based on the laws of supply and demand (like any other token) but has the added benefit of Ethereum dividends (E-Dividends) on a bi-weekly basis which comes from the reinvestment of investors transaction tax. (more on this later).

Why Were Fund Tokens Created?

Currently, tokens go through an extremely volatile process of fast and aggressive climbs in value followed by equally aggressive crashes, leaving those that bought in early far better off than those that bought in late. After a token has crashed, the only reason to keep holding is the potential for the price of the token to go back up again. With Fund Tokens we want to provide investors with a real reason to buy the dip and that reason is the direct correlation between the size of your holdings and the claim you have on E-Dividends (Ethereum dividends). With this strategy in place, we believe we have kept the foundation of what makes ERC-20 tokens exciting investments, the potential for capital gains, while creating a new, exciting avenue for REAL passive income. With Eversify Fund Tokens, you are getting REAL returns paid in Raw Ethereum.