The Different Wallets and their Functions

The Eversify OTC Wallet

A common concern for investors involves the existence of whales (large holders) in tokens and how they could adversely affect the price if they choose to sell. Eversify aims to fix this using an OTC trading structure that helps whales realize more of their profits while simultaneously preventing adverse price fluctuations in our tokens when they sell. When people buy and sell Eversify tokens, (1/5 of the 5% tax) goes to our OTC Wallet as Ethereum or stable coin. We will use these pooled funds to conduct trades with whales when they wish to sell out of our token in large amounts. For example, if a whale wants to sell a 0.25% stake in our Company Token (25,000,000 tokens out of 10,000,000,000 total supply) they will consult the OTC trading desk via our decentralized application and we will buy those tokens them (at a rate equal to 5 ETH maximum per day) instead of them selling those tokens on the open market. They will receive an Ethereum payout from us via our Stable Coin and Ethereum holdings in the OTC Wallet (accumulated via the 1% of the tax), and we will receive their tokens (which will be sent to the OTC Wallet instead of the open market). These tokens we receive from whales when we buy their holdings will be considered out of circulation similar to a burn, except it allows us the option to return them into circulation as needed (e.g., maybe we use some of our OTC tokens to get listed on an exchange, maybe we do a massive giveaway to our holders, etc.) We believe this system will provide a far better experience for whales and smaller holders alike. For a visual representation of an OTC transaction please see below:

The Eversify Commission Wallet

The commission wallet is where executive salaries and retained earnings are stored before they are eventually paid out to their respective recipients. 17% of the funds in this wallet are paid out to the CEO, COO, CMO, CFO, and 10% are paid out to the CIO. The remaining 22% are put into the retained earnings wallet for the business.

The Eversify Fund Wallets

Low-Risk Fund Wallet to start (Others to be released when new fund tokens released):

These are the wallets that make up the different Eversify funds. These wallets are accessed by the Fund managers to conduct trading activities to turn a profit over principle, which will make up the Ethereum Dividends for eligible investors.