By David Howard, VP of Corporate Strategy
The Pavo token price is now more affordable to support our global reach and future growth plans!
Many of you reached out to us with concerns about the price of the token and we have heard you! We recognize the need to better align our token price with the market needs and the reality of the Agriculture ecosystem. The strength of Pavo is the backing and passion of our community, and your voice acts as a directing force for strategic decisions. Our summer road show around the globe from China to South-East Asia to Europe showed us that the Pavo community is demanding a lower token price and we recognize that lowering the price will enable more people to participate in the ICO, and ultimately use the Pavo token to purchase high quality sustainable produce from more and more Pavo-equipped farmers around the globe.
The Pavo team has collectively decided to make some changes to our ICO which we believe will benefit everyone. These changes will allow us to reach even more Pavo enthusiasts and enable them to participate in our developing agricultural marketplace, delivering fantastic produce direct to dinner tables everywhere.
In short, we are increasing the total number of tokens by a factor of five, from 200 million to 1 billion. This adjustment will take place by raising the total token supply to one billion tokens and lowering the token price.
Change highlights:
• All purchasers prior to this adjustment will have their tokens multiplied by a factor of ten
• The token price will be reduced to U.S. $0.10 (10 cents, in U.S. dollars.)
• The total token supply will increase to one billion, giving us access to more Pavo enthusiasts around the globe.
• No changes to development or road map items. Actually, we are ahead of schedule.
• Our exact date of the ICO will be announced on our website www.pavocoin.com
• We still plan to be listed on exchanges in the fall, after the ICO concludes. Many exchanges have reached out to us already since we are a real project with real value for our community.
• Anyone who has already purchased tokens will not have to take any action to receive their increased amount.
If you have any questions relative to our changes and structure, please don’t hesitate to reach out to us on Telegram or other channels. No current purchaser will be negatively impacted by this change. This decision has been made carefully and consciously.
We have no doubt that this decision will be well received by our community and we believe this will benefit our current and future token purchasers.