With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve. While this revolution is gaining wide acceptance, SCAVO Technologies, a company established in Argentina, specializing in the construction of data center infrastructure for crypto-mining using renewable resources has arrived.
Now, before I take you on this voyage, please check out the video presentation below to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is SCAVO?
As said earlier, SCAVO Technologies is a company established in Argentina specialized in the construction of telecommunications data center infrastructure for crypto mining, using renewable resources. Formally founded on August 1, 2017 as a result of 2 years of research and development of proprietary technology that together allow the energy self-sustainability of the entire crypto mining complex.
Through the Initial Coin Offering (ICO), SCAVO will build the large-scale crypto mining farm of bitcoin and altcoins, in a self-sustaining manner and put it into production according to the deadlines stipulated in the roadmap.
Furthermore, SCAVO's technology is based on commercial model SCAVO Token. Each Token SCAVO was acquired by investors will represent the right to receive benefits from all that is produced by agriculture mining for life (as long as it is the holder of a Token), understood as a period in which the benefits exceed the costs the operations required to maintain in the farming operation. Technology developed by technology SCAVO and third parties will be used to build standalone and scalable mining center that uses renewable resources for power generation. SCAVO technology will finance the construction of the entire system that forms the center of mining through crowdfunding by distributing token SCAVO, during the early coins offer (ICO).
Thе рurроѕе of SCAVO iѕ thе construction of large-scale mining fаrmѕ. Tо dо thiѕ, they idеntifiеd thе mаin сhаllеngеѕ fасеd bу аnу lаrgе-ѕсаlе сrурtо-mining еntеrрriѕе аnd dеvеlореd a ѕоlutiоn mоdеl based оn the “Induѕtrу 4.0” concept.
Thе SCAVO аррrоасh rеѕultѕ in a mоdulаr ѕоlutiоn, whiсh mаkеѕ it еаѕilу ѕсаlаblе. It рrоduсеѕ itѕ оwn еlесtriсitу using rеnеwаblе energy ѕоurсеѕ, bесоming ѕеlf-ѕuѕtаinаblе аnd environmentally friеndlу.
All this gоеѕ tо thе рrоfitаbilitу оf the project, guaranteeing реriоdiсаl payments tо invеѕtоrѕ in a соmрlеtеlу trаnѕраrеnt аnd automatic mаnnеr bу means оf smart-contracts.
At SCAVO Technologies they have three simple principles they always follow. They are:
The work must be done as a team.
The implementation of the solution must be easy to understand and
the solutions must be accessible by the general public.
Using these three principles as a guide, we believe that even with the increasing difficulty of mining in general, regardless of the crypto currency to be mined, we can develop a profitable investment program for the market through the creation of mutually beneficial projects that are accessible to the general public, easy to understand and based on cutting-edge technology.
THE GOALS - BUILDING A LONG-TERM STRATEGIC RELATIONSHIP
At SCAVO Technologies, they firmly believe that investments in crypto sustainable mining are the most profitable option for long-term profits and that is why our proposal is to strengthen the link with investors through clear rules.
SCAVO Technologies, besides of providing an intelligent solution to the problem of the generation and consumption of energy of the crypto mining farm, by reducing the cost of energy to its maximum expression, they make participation in the business more accessible and easier for anyone worldwide, regardless of their knowledge and wealth.
Their commitment to the SCAVO Community is such that it allows active participation in making important decisions that may affect the company, through the use of smart contract voting.
To reach the objectives proposed in our development, it was imperative to work on the concept of "Industry 4.0"; this is to achieve the highest degree of efficiency and automation of the possible processes for decision making. The guidelines that guide our proposal contemplate access to clean energy and at a very low cost, the use of industrial grade components for the manufacture and assembly of the different units that make up the crypto mining complex, energy efficiency and the necessary robustness to carry out the crypto mining process in the long term.
This has allowed us to offer an intelligent solution to the problem of access to energy at competitive costs and thus contribute to the principle of decentralization as well as ease access to the use of technology to the general public.
The Technology behind Scavo
They understand that innovation throughout the current system is something indispensable, necessary and imperative for crypto currencies and their technology to be accepted in a massive way. Due to this, it was necessary to align the development of the different parts that make up the crypto mining complex to the concept of "Industry 4.0".
At SCAVO Technologies they have developed different software/hardware components that automate several processes of the crypto mining complex. These components provide essential information in real time to the company's computing center for decision making, while these processes are fed back with their own and external information that will optimize and help predict certain behavior in the future more accurately.
All this could be achieved using complex technological processes and industrial grade technology.
How it works?
Their project aims at the construction and management of large-scale self-sustaining crypto-mining farms. The funds raised during the ICO will be mainly allocated to the construction of the mining farms and their power plants to fully supply their energy consumption. Once energy independence has been achieved, the income generated by the mining farms will cover all maintenance costs and regularly generate additional income.
Why Scavo Stands Out?
Scavo’s approach to the problem is modular, which results in a highly scalable solution, where energy (electricity) is produced from renewable sources, making the process sustainable and environmentally friendly. Scavo guarantees weekly payouts to users in a completely secure and automatic manner through the use of smart contracts which are based on the blockchain platform.
Token Sale and ICO Details
SCAVO is a token based on the Ethereum ERC-20 standard. The SCAVO Token will be entirely backed by the mining hardware as well as by other equipment that is part of the renewable energy generation plant that will exist in a real physical place generating crypto assets 24×7. It is an ERC-20 token, the de facto standard of today′s tokens.
Tokens will be offered for a period of up to 108 days, starting on July 15, 2018 and ending on October 31, 2018.
SCAVO ICO will be conducted by SCAVO Technologies. This offer will become a public opento and restrictions will only apply to residents in countries where they must meet certain requirements to be selected as investors.
Number of Issuance of Tokens - 200,000,000. Maximum. (Tokens not donated, will not be generated).
Value Token at issue - $1
Accepted forms of payment - Bitcoin, Ethereum, Litecoin, Monero, Bitcoin-Cash, Dash, Ethereum Classic, ZCash, Decred, Bank transfer, credit cards.
Minimum investment amount - $ 25 (or equivalent in cryptocurrency)
Start ICO on - July, 2018 - 00:00:00
ICO is completed on - 31 October 2018 - 23:59:59
ICO time zone - GMT - 03: 00 (Argentina, Buenos Aires)
Token issuance date - November 1, 2018
Minimum Target - $ 500,000
Medium Target - $ 3,500,000
Maximum Target of $ 83,600,000
The SCAVO token guarantees the holder the right to:
1 - Receive 100% of the profits from our mining operations through the following scheme.
A. 80% of what is generated by mining operations will be paid immediately.
B. 20% of what is produced by mining operations will be reinvested to increase future payments through renewal and changes in mining equipment that is more efficient and achieves self-help from mining.
2 - Receive 30% of profits for services to third parties provided by SCAVO Technologies.
3 - The right to vote in important company decisions.
ICO STAGE DETAILS
180,000,000 SCAVO WILL BE DISTRIBUTED TO TOKEN HOLDERS
50% BONUS 1 SCAVO = USD 0.50 FROM 07-15-2018 UNTIL 07-20-2018 6 DAYS
30% BONUS 1 SCAVO = USD 0.60 FROM 07-21-2018 FOR 07-31-2018 11 DAYS
25% BONUS 1 SCAVO = USD 0.70 FROM 08-01-2018 UNTIL 08-10-2018 10 DAYS
20% BONUS 1 SCAVO = USD 0.75 FROM 11-11-2018 UNTIL 08-20-2018 10 DAYS
15% BONUS 1 SCAVO = USD 0.80 FROM 08-21-2018 UNTIL 08-31-2018 11 DAYS
10% BONUS 1 SCAVO = USD 0.85 FROM 01-01-2018 UNTIL 09-15-2018 15 DAYS
5% BONUS 1 SCAVO = USD 0.90 FROM 09-16-2018 UNTIL 09-30-2018 15 DAYS
0% BONUS 1 SCAVO = USD 1.00 FROM 01-10-2018 TO 10-31-2018 31 DAYS
88% for Token holders
8% for the General Reserve Fund
2% for prize and incentive programs
2% for founders and teams
Use of Results
92% - hardware and electricity generation
8% - Administration, R & D, and Investment
MEET THE AMAZING TEAM
Guillermo Nardoni - CEO & Founder
Hernán Bucciarelli - CFO & Founder
Matías Nardoni - COO & Founder
Liliana Pizarro - Supervisor
Franco Ledesma - Technician
Enrique Bucciarelli - Logistics
Aldo Somoza - Chief Officer of the Cooling System and Renewable Energy Resources
Miguel Araya - CTO
Alfredo Carlstein - Advisor
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.