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Short Description: Evolution Mining is an investment club that aims on growth for the first two years.
Plans: Initially 100000 shares will be issued at a price of 0.1 BTC per share. 10% of the shares will be reserved (unissued) for the club manager and distributed proportionally to the amount of shares sold. 100% of all the capital raised from issuing the shares will go toward the purchase of hardware.
Before the completion of the share distribution, shareholders will be issued every Saturday 100% PPS of the mining output.
From the time the distribution is completed, until December 27, 2014 10% of mining profits will be issued in the form of monthly dividends on the last Saturday of every month. The other 90% will be reinvested into expanding our mining inventory. Fees will be taken strictly in the form of the 10% of shares reserved for the manager.
Starting Sunday, December 28, 2014 the club will no longer be allocating new funds for the purchase of new hardware, instead, 100% of the mining profits will be paid out as dividends on the last Saturday of every month.
Evolution Mining will keep continual inventory and balance reports through a Google Spreadsheet available here:
http://goo.gl/la8MjManagement Terms: The manager reserves the right to liquidate inventory at any point with two weeks notice without vote, and pay out 100% of the proceeds from sales as one big dividend to the members.
Our club is listed as EVO in the Cryptostocks share Exchange
available here:
https://cryptostocks.com/securities/21