SCAVO ICO STATS AND POST ICO PLAN

IN DEPTH STAT REPORT FOR THE SCAVO CROWDSALE EVENT

OVERVIEW

GREETINGS FROM SCAVO!!!

After 3 long months, SCAVO crowdfunding event has been successfully concluded recently. The ICO soft-cap was filled within one month after the commencement of the ICO. We have managed to raise total of close to 1.1 million USD (≈ 5500 ETH) with the help of our public investors. We would like to emphasize the fact that SCAVO is solely a community driven project. There were no VC, private investors or investment funds involved. Even though the hard cap has not been filled, we are very happy the way the crowd-sale has panned out. We will post a breakdown of everything later in this article. And We would like to thank all the contributors for trusting us and giving a hand to move forward with our awesome project. Now the real work begins. We will be strictly following our road-map to achieve our goals as stated.

SUMMERY OF THE ICO

INITIAL MODEL (THESE STATS MIGHT CHANGE AFTER TOKEN BURNING)

ADDITIONAL SCAVO AIRDROP FOR THE INVESTORS AND TOKEN BURNING EVENT

As stated above, we managed to sell close to 2.377 million SCAVO tokens among the contributors and the allocated amount was 80 million SCAVO. Therefore, the number of unsold tokens is around 77.623 million SCAVO. Our initial plan was to burn all the unsold tokens. However, we came up with an alternative plan as below which we think might help our community.
We are happy to announce an additional airdrop for the SCAVO investors in addition to the entitled amount from the crowdsale. We value our backers and supporters very much, Hence the management has decided to go with this plan to motivate the investors to hold our token for a longer period. This airdrop is not applicable for XUN investors.

BASIS OF THE ADDITIONAL INVESTORS AIRDROP
The basis of the airdrop is simple for the investors. They will receive additional SCAVO tokens on the basis of 1:2.366
For instance, Let’s say a particular investor has invested some amount and obtained X amount of tokens from the SCAVO crowdsale. That individual will receive 2.366X tokens in addition to the initial X amount. This will result a 3.366X token amount for that individual.

EXAMPLE:
PERSON “A” has invested in Scavo crowdsale and received 1000 SCAVO tokens. Hence, “A” is entitled for the 1:2.366 basis airdrop which will result an additional airdrop of 2366SCAVO tokens to the same wallet. Ultimately, “A” will get 3366 SCAVO tokens.

AFTER THE ADDITIONAL AIRDROP
The total tokens which will be sent out to the investors will become 3.366 × 2.377 million SCAVO tokens. Which is close to 8 million SCAVO. Thus, the unsold number of tokens will reduce to 80–8= 72 million SCAVO tokens.

UNSOLD TOKENS BURNING EVENT
We will be burning amount of 72 million SCAVO tokens in due course. Community will be conveyed the message once it is completed. PERCENTAGE OF BURNING TOKENS WITH RESPECT TO THE CROWDSALE ALLOCATION

TEAM/MARKETING/GENERAL RESERVE

▶️ FOUNDERS AND TEAM TOKENS

We will be burning 50% of the team/founders tokens to keep the fairness intact.

➖ Previous Allocation: 4 million SCAVO
➖ New Allocation: 2 million SCAVO (LOCKED UP TO 2 YEARS)

▶️ GENERAL RESERVE FUND FOR EXPANDING THE INFRASTRUCTURE AND ECOSYSTEM

We will be burning 50% of the General reserve fund tokens to keep the fairness intact.

➖ Previous Allocation: 8 million SCAVO
➖ New Allocation: 4 million SCAVO (LOCKED UP TO 2 YEARS)

▶️ MARKETING

We will be burning 50% of marketing tokens to keep the fairness intact.

➖ Previous Allocation: 6 million SCAVO
➖ New Allocation: 3 million SCAVO (75% LOCKED UP TO 2 YEARS, 25% LOCKED UP TO 1 YEAR)

BOUNTY AND FREE AIRDROP ALLOCATION

FREE SCAVO AIRDROP

We have conducted a free Scavo airdrop for our early adopters. Over 8000 members have participated and each one is entitled for 50$ worth Scavo tokens. After careful consideration, Management has decided not to change this amount under any circumstances. Each individual will get the promised number of tokens in due course to the provided ERC20 address.

BOUNTY

Our bounty program ran smoothly throughout the ICO. Over 2000 members contributed to our bounty campaign.

BountyMiner has joined forces with us as the official bounty managing partner.

For bounty related queries, please join the official bountyminer telegram groups below.

▶️ Telegram Group ➖ https://t.me/bountyminer_chatbox

▶️ Telegram Channel ➖ https://t.me/bountyminer_announcements

After careful consideration we decided to shrink down the bounty allocation to proportionally to be accorded with the crowdsale burning tokens. Since we are going to burn ≈90% of our unsold tokens from the crowdsale, we will shrink/burn the total number of bounty tokens by 70% to keep the fairness intact. The stakes counts are going on as we speak. Our admin panel will complete the calculation and distribution within next couple of weeks. If you have any issue, please contact any admin via bounty telegram group.

REVAMPED BOUNTY MODEL FINAL TALLY

▶️ FINAL TOTAL BOUNTY ALLOCATION: 480000 SCAVO tokens
(1200 ETH worth)

SCAVO TOKENMERTICS AFTER BURNING THE EXCESS TOKENS

SCAVO GIF CONTEST

During the crowdsale, we have announced the “SCAVO GIF AND MEME CONTEST”. We thought of giving away some SCAVO tokens for our community. Community is the backbone of any project which is common for our project as well. The purpose of this contest was to boost up the community engagement in the community chat in other social media handles. It has been a success considering the fact that the response we got from the community. It’s not an easy task to create a GIF or MEME at all. Hence we have decided give 100 SCAVO each for every contester, this shows how fond Scavo team of the community.

PRIZE RANGES

▶️ TOP 3 GIFs will be awarded 1500 SCAVO tokens (1500$ worth) each
▶️ TOP 3 MEMEs will be awarded 1000 SCAVO tokens (1000$ worth) each
▶️ Each Entry will get 100 SCAVO each apart from the winner prizes

FINAL STATS (DETAILS ARTICLE WILL BE PUBLISHED UPON WINNERS ANNOUNCEMENT)

TIMELINE OF SCAVO TOKEN DISTRIBUTION

EXCHANGE LISTING

SCAVO has already been listed on few exchanges. Trading will start upon the token distribution. We have more exciting exchange news to share with you all upon the solid confirmation from their side. Due to NDA (Non Disclosure Agreement) We are bound to not leak any info before the exchange themselves. Nevertheless, we can assure you we have our community in mind and we will provide the best possible exchanges for SCAVO trading.

Following Exchanges have already listed SCAVO token

▶️ Weidex Exchange(https://weidex.market)
SCAVO/BTC, SCAVO/ETH pairs will be available for trading.

▶️ Raisex Exchange(https://raisex.io)
SCAVO/BTC, SCAVO/ETH pairs will be available for trading.

▶️ Graviex Exchange(https://graviex.net)
SCAVO/BTC pair will be available for trading.

▶️ CCORE Exchanges (https://ccore.io)
SCAVO/BTC, SCAVO/ETH, SCAVO/CCO pairs will be available for trading. FIat pair SCAVO/USDT will be added in the future

THANK YOU!!!

We would like to thank you all again for being a wonderful community for us. More awesome news to come in due course.

~ SCAVO TEAM