The Eversify Processes

How will we be distributing the E-Dividends?

Eligible Holdings & the E-Dividend Distribution Cycle

At Eversify we will be following an E-Dividend Distribution Cycle, which provides investors with set periods of time when they can buy Tokens that count towards E-Dividends, and periods of time when your purchase of $EVE tokens forgo E-Dividends, but still fluctuate in value (capital gains/losses). Upon purchasing an Eversify Fund Token (E.G., $EVE) the investor is eligible for Ethereum based dividends that will be paid out approximately 2 weeks from the purchase date on the second Friday at 12:01pm. These distributions will continue indefinitely on bi-weekly basis.

For a wallet to be eligible for an Ethereum dividend, said wallet must have bought a new, or held onto an existing $EVE position during a Designated Buy-in Period. Purchasing any $EVE tokens outside a Designated Buy-in Period will result in the ineligibility of those tokens for the upcoming E-Dividend distribution. If a wallet sells any of its $EVE token holdings in-part or in totality before the upcoming E-Dividend distribution takes place, the E-Dividend they receive will be reduced by the percentage of their holdings they sold prior to the E-Dividend distribution. However, wallets can buy back up to the amount of tokens they held when the Designated Buy-In Period ended, before 12:00 on the Friday of the distribution to receive their maximum eligible dividend.

Please Note: tokens are not transferable between funds outside of Designated Buy-In Periods (for example, you cannot buy $EVE (the low risk token) during a Designated Buy-In period and then transfer your holdings to $HEVE (the high risk token) right before the distribution to capitalize on the performance of the high risk fund) meaning the tokens held when the Designated Buy-In Period ends determines the fund wallet you will receive your distributions from, for the upcoming E-Dividend distribution.

How do snapshots work? Your eligible $EVE holdings are captured via a snapshot of all wallets invested in the token at the close of the designated buy-in period at 16:59 on Monday. A second snapshot is taken at the end of the 2 week cycle to see how many tokens the eligible wallets are holding prior to the distribution. Again, wallets that sell their positions in part or in totality before a distribution of dividends takes place will have their claim on those dividends reduced accordingly. In short, the first snapshot determines your maximum eligible dividend, the second snapshot determines the dividend you will receive.

How does the Distribution cycle (the process of purchasing EVE tokens to the eventual Ethereum dividend payment) work? You (the investor) purchase Eversify Fund Tokens during a designated buy-in period and those tokens are now in your crypto wallet like any other crypto. When the designated buy-in period ends, a snapshot with your and all other investors wallets is taken and stored internally with the Eversify team. After two weeks pass, on the Second Friday at 12:00 another snapshot is taken to see how many of the tokens you originally purchased during the designated buy-in period are still held in your wallet. Then between 12:01 and 16:59 on the same Friday you will be paid a dividend in Ethereum based on the number of tokens you were holding. (up to a maximum of the number of tokens you originally purchased during the designated buy-in period). The size of this dividend is determined by the performance of the fund your tokens were tied to (i.e., the low risk token - EVE the Mid risk token - MEVE, or the high risk token - HEVE). At 17:00 on that same Friday, the next designated buy-in period begins, and tokens held throughout, or purchased during this period will be eligible for the next set of Ethereum dividends. For a visualization of the Distribution cycle please refer to the diagram below:

How do Designated Buy-In Periods work? At 17:00 on the same Friday the most recent Ethereum Dividends were paid out, the Designated buy-in period will begin. This period will last from Friday at 17:00 until the upcoming Monday at 16:59. During this window, all Eversify tokens purchased and held until the end of the Buy-in period will be eligible for the next round of Ethereum Dividends. After the Designated buy-in period concludes on Monday, investors can still purchase EVE tokens, but they won’t be eligible for the upcoming Ethereum Dividend Payout.

Why would someone bother purchasing Eversify tokens outside of a Designated buy-in period? Investors may choose to purchase Eversify tokens outside of a designated buy-in period for a number of reasons.

An investor may wish to capitalize on price movements in the token. It is important to remember that although your dividends are tied to a wallet that follows a risk adjusted strategy, EVE tokens trade like any other token, thus the price will fluctuate based on the laws of supply and demand, so an investor may wish to try to buy low and sell high to try and make a capital gain.

An investor may wish to buy EVE tokens at a certain price and hold them through the next designated buy-in period. It is important to note, that although tokens purchased outside of a designated buy-in period are ineligible for the upcoming E-dividend, if they are held through the next designated buy-in period then they become eligible for the next round of Ethereum Dividends.

How is the size of E-Dividend Distributions determined?

The size of your E-Dividend will be determined by taking the size of your eligible holdings from the second Snapshot (preceding the E-Dividend Distribution) and that number will be divided by the total number of eligible tokens held by investors. Example: if you hold 1,000,000 $EVE tokens, and there are a total of 10,000,000 $EVE tokens held by investors in the snapshot, and the fund your tokens are connected to made $10,000 Dollars worth of Ethereum, you will have a 10% claim on the profits made in the fund wallet and thus will be sent approximately $1,000 dollars worth of Ethereum.

The Fund Wallets

These wallets will be where $EVE Fund Token investors get their profits from. Each Fund Wallet is connected to a Fund Token and your eligible holdings in a particular Fund Token constitute your claim on E-Dividends at the next distribution. Please note that nothing is guaranteed. We are confident that based on our investment strategies put in place, we will turn a profit for investors and reinvent the philosophy behind holding in the token market. We believe that with a strong fund mandate in place and a knowledgeable team, the Fund Wallets will have the best possible opportunity for success and generate consistent returns for investors.