Envion would like to explain how the process of dividend payments and mining profit calculations will proceed in the next few months, including how and when the first payouts will arrive. The ultimate goal is to pay investors weekly dividends of eligible mining profits in ETH to the wallet holding EVN tokens.

Prior to the ICO, we made some projections on how payments be calculated and distributed — now we have more clarity as hardware orders, container production, and financial auditing is underway. Some conditions and timing may change, but the overall process for going forward is now in place.

Yes, we are mining now!

Envion’s first two MMUs have been mining since the start of the year. These revenues are part of the eligible mining operations for EVN token holders. The January revenue from just two MMUs was USD $44,279.43. Of course, revenue isn’t profit, so before these funds can be included in the pool of dividends for payouts, the costs of electricity, maintenance, etc. must be deducted. More information on the different costs associated with running the MMUs can be found in our ROI/KPI blog post here: https://medium.com/@envion/exemplary-hardware-specifications-kpis-of-envions-mmu-ff5fb77cd5da

Transparency and outside auditing

We don’t expect anyone to just take our word for it when it comes to calculating all of the mining costs and revenues. Envion’s entire mining operation will be audited by our auditing firm — one of the Big Four Auditors —and a report from the audit will be made public before any dividends are paid.

Our auditor will require some period of mining to take place in order to collect data and determine the profits that will be paid to token holders. The auditors have not yet indicated to us what that amount of time will be. Considering that most of the costs of running the MMUs will be determined in negotiations prior to deployment, the period of time should be fairly short.

In the meantime, there will be some visibility into the performance of current mining operations for token holders via the investor dashboard. These features will roll out to the investor dashboard after all ICO activities are over and we have approval from our auditors as to what we can share and how. In all cases, it will be our priority to make our best effort to give as much visibility into mining as possible.

When dividends?