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SCAVO
Scavo is an Argentinean company which intends to engage in the construction of data centers for mining farms. The project intends to solve three problems inherent in the modern cryptocurrency mining industry.
Contents
Description
Mining cryptocurrency requires a huge amount of electricity, which is one of the main sources of costs of miners. Scavo has developed a new principle of providing mining centers with electricity using renewable energy sources, the cost of which is almost zero. Centralization of mining in connection with the placement of farms in the countries with the most favorable conditions. Thanks to the Scavo solution, which allows to significantly reduce energy costs, mining center owners will no longer select a place for farms based on the price of energy in the regions.
Creating a self-supporting mining center is an expensive process. To do this, miners need to build their own power station, but the Scavo solution allows them to do without it. Thanks to the technology of Scavo, it takes 12 months to establish a fully independent mining centre.
Operating principle
Scavo will be responsible for finding the optimal location for the farm and power plants, buying equipment and delivering it to the destination. The company will also be engaged in the Assembly of farms and organization of the cooling system. The main principles of the company's work is to provide access to clean electricity at a very low price, the use of industrial-class components for the production and assembly of various blocks that make up the cryptomining complex, energy efficiency and the necessary reliability for the process of mining cryptocurrencies in the long term.
Energy independence
Energy independence has become a key principle in the creation of the project. Achieving this goal allows to get rid of binding places with the cheapest energy, and also protects against fluctuations in electricity prices and changes in energy policy. Renewable energy sources make it possible to build mining farms even in countries where electricity prices simply make mining unprofitable. Building own power source takes 12 months, after which energy costs will decrease from $0.12-$0.15 kW/h to $0.01-$0.015. At the same time, the minimum service life of such a facility will be 10 years.
Business model
Business model of the project stands on three main points:
- Initial operations: they involve 88% of all work on the launch of the mining center. 80% of the profits received from the execution of these works, the developers will immediately pay to investors. The remaining 20% will be reserved for future investors.
- Secondary operations: these operations represent 10% of the total work. 30% of the profits will be paid to investors, the remaining 70% will be directed to the development of the project.
- Energy monetization: surplus electricity will be sold to local energy companies.
Advantages
- Extremely low cost of electricity. Due to the fact that the farm will be fully self-sufficient, the cost of electricity will fall many times. If the power plant needs repairs or maintenance, the Scavo project will buy energy from local companies so that mining farms can not interrupt the production of cryptocurrencies.
- Investment attractiveness. Scavo project has an innovative technology and a well-thought-out business model that guarantees investors a profit.
ICO
- Date: 15.07.18 - 31.10.18 (Presale and ICO)
- Softcap: $500,000
- Hardcap: $83,600,000
- Price: $1
- Token type: ERC20
- Issue: 200,000,000
- Accepted currencies: BTC, ETH, LTC, XMR, BCH, DASH, ETC, ZCH, fiat
88% of tokens will be available for sale. 8% will be postponed to the project support fund, 2% will be given to the team, and the remaining 2% will go to bonuses.
Bounty program
The project has allocated 4,000,000 on the bounty program, which is equivalent to $4 million. Awards will be distributed as follows:
- Signatures: 30%
- Translations: 20%
- Twitter: 15%
- Facebook: 15%
- Media: 15%
- Telegram: 5%
The program will run from 06.08.18 to 14.10.18.
Outlook
The Scavo project solves one of the key problems of the current mining industry, reducing energy costs many times. In this regard, the profit of miners will increase significantly, which in the current situation on the market is the desire of any miner. Plus to this, the project has a strong business strategy, which involves regular payments to its investors.
