SCV Token - Reward Distribution Explained
Let's Clear Up The Reward Distribution
There's been a lot of confusion surrounding the rewards distribution for the SCV token so we thought it best to get things clarified for everyone. The total % going back to token holders is actually 80% not 60% as 20% is added on to liquidity and price appreciation. The rewards split is as follows:60% - Token Holders This amount will be split equally between token holders.
20% - Token Buybacks & Token Floor Price Increase This amount will be used towards creating full liquidity for token holders, once full liquidity is reached this amount will be used to raise the floor price of the token buybacks. SCV token is available at 0.01 hive per token and this will be the initial floor price for token buybacks increasing thereafter.
Example: Let's say there's 1 million SCV in circulation and we reach full liquidity at 0.01 hive = 10,000 hive. All rewards that come after this go towards increasing the floor price, so let's say we add 1000 hive to the token buybacks then we have 11,000 hive / 1000000 = 0.011 hive per SCV token.
20% - Management Fees & Team This amount will be used to pay for hosting, team, fees etc.
