The base of SCAVO technologies is the SCAVO token. SCAVO tokens are given to investors. One SCAVO token symbolizes the representation of the investor in mining farm. The token represents the right own by the investor to gain profit for a lifetime from a mining farm. This profit includes everything produced by the mining farm. SCAVO technology is the main focus of the farm because the technology is used to construct self-sustaining and scalable mining centers. In these mining centers, renewable resources are used to generate power. The distribution of tokens will bring profit to SCAVO technologies. The estimated amount of money to gain from ICO is 83,600,000 dollars. The minimum amount is 500,000 dollars. The profit is directly transferred to the investor’s wallet. The payment methods are Bitcoin, Litecoin, Ethereum, Monero, Bitcoin-cash, Dash, Ethereum classic, Zcash, Decred, Amero, Ultranote, wire transfer and credit card.
Restrictions for investors
The goal is for the public to access the project. The team believes that the entire world deserves to be profited from this project. This necessity is fulfilled from decentralization by allowing each part of the world to access energy at a reasonable price. In the SCAVO platform, SCAVO token gives the investor the right to receive profit and be a part of decision making. And these limitations are categorized into three.
• Accredited investors – This includes investors with a net worth greater than 1,000,000 dollars
• Investors whose residence is located in Germany – The limitation is to investors with EUR 200,000
• Investors in general – This includes those who are not the possession of a US passport, American green card or residence in the US
There are certain requirements certify the investor. If the requirement cannot be fulfilled within the time the funds should follow the procedure of KYC – Know Your Company. If a certain investor cannot comply with this requirement before ICO is open his/her token will be blocked in the SCAVO wallet till the verification is done.
SCAVO token
The SCAVO token is an ERC20 Ethereum token. The issuance of token takes place for 108 days. This ICO will be done by SCAVO technologies. The token holders are benefited with
Receiving the profit gained from mining operations in a given scheme
30% of the profit will be received to third parties that SCAVO technologies provide
The right to involve in the decision making of the company
Global energy framework
According to recent researchers, the IT sector is a major energy consumer in the world. It drains 10% or 1400 to 1600 Twh electricity worldwide. By 2020 the cloud computing energy consumption will be 1400 Twh. This may be centered in the largest energy consumer in China and USA. By 2030 electricity will be a diminishing resource. This will put pressure on the electricity price. The mining of cryptocurrencies is the fastest growing application. The energy consumed by Bitcoin and Ethereum is very high. This is further extended with an increase in transactions and the market cap. This provides an opportunity for miners. Those who can afford high price can win in the energy competition.
Global electricity market
The global electricity market differs from developed countries to developing countries. In the future, the demand for electricity in OECD countries will rise from 38% while in non- OECD countries it will double. Also, the requirement for resources to generate electric power will rise in the future. However, this demand will be covered by the use of fossil fuels. In the decentralized world, electricity market will be governed by new technologies. This will create a better equilibrium.