SCV Token Update - Plans For License

in #scv2 years ago

community.png

Plans Now The License Is Purchased


The SCV community now own a pre-sale license which was purchased on the minute of listing, thankfully we got one at the earliest moment costing the community the least amount possible for a license.

We of course will be running a node and hoping that we can get a few votes, the community should really be looking to get votes for our node as it will of course benefit SCV token holders. We still get the equal share of 3,375,000 SPS per month and currently there are less than 3000 licenses sold which is great news if this holds out until the licenses go active as we can do simple math to calculate ROI

3,375,000 / 3000 = 1125 (SPS month)
3,375,000 / 4000 = 843.75 (SPS month)
3,375,000 / 5000 = 675 (SPS month)
3,375,000 / 10,000 = 337.5 (SPS month)

The number of SPS you will receive as a SCV token holder will be reward earned / number of tokens in circulation * number of tokens owned. Basically you get an equal share and there's roughly 650k tokens in circulation.

What We Are Doing With Remaining SPS


We had almost 1000 SPS spare after purchasing the license so we decided to stake this and add the staking rewards towards the rewards pool once it goes live later this year. The SPS is staked under the hivebuilder account on Splinterlands and will remain there for the time being.

Plans For License Rewards


As previously outlined the rewards are split fairly including a buyback with price appreciation after full liquidity is met. The total back to holders including the buyback is 80% and the remaining 20% pays for the team to manage the node and hosting etc.

Can I Still Buy SCV Token


Yes, absolutely! We took a partial loan to complete the license purchase and this was repaid in SCV tokens. They are being sold at the official 0.01 hive price on hive-engine and tribaldex with approx. 150,000 to 160,000 tokens remaining to be sold so there's plenty for everyone to still go around.

SCV Tokens can be bought using following links
https://hive-engine.com/trade/SCV
https://tribaldex.com/trade/SCV

Sort:  

I'll pick up a lil handful of the remaining tokens

No! Stay away! They are mine :p

haha... I'll let you buy some of them for sure :)

I dont have the funds for it though haha

Same, not got much liquid at all right now, but plodding away buying a few hundred SCV per day, soon as I get some liquid will be buying as much as possible before it's all gone. 😀

Congratulations @hivebuilder! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 12000 upvotes.
Your next target is to reach 13000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Day - June 1st 2022
Support the HiveBuzz project. Vote for our proposal!