Pavocoin (PAVO) ICO Review – ICO Token News
By bringing together the cutting-edge technologies of IoT and blockchain, and our extensive experience in crop cultivation we are serving an agriculture (“Ag”) ecosystem focused on highly technologized crop growing, processing, and distribution. We bring the high efficiency of IoT and transparency of blockchain into every stage of the entire lifecycle of agricultural business sectors. The Pavo team has vast experience building traditional monitoring systems for almonds, hazelnuts and walnuts for the European market. Our present IoT solution for agriculture was developed in early 2017 and deployed later in the same year. This year, we’re launching the Pavo cryptocurrency based on the blockchain Ethereum ERC20 standard as the next step in developing the project.
Pavo already has a working Internet of Things software platform that is in deployment in real-world environments in California, USA. We are continuously refining it to achieve the best crop performance while integrating with the blockchain to transform the solution into a unified ecosystem that makes it easy to trace each plant and optimize the entire supply chain.
Further, the Pavo marketplace is conceived as a web and mobile app agriculture trading space where consumers, families, distributors, local restaurants and grocers can connect directly with farms to buy food and other agricultural products with unparalleled transparency on their provenance and maturation. The marketplace also provides farmers the opportunity to presell crops via smart forward contracts, reversing a long-standing problem for farmers – having to wait until after harvest and delivery to get paid. Beyond that, the marketplaces addresses traditional inequities in farming – small and mid-sized farmers’ lack of access to a full range of useful and necessary financial services. Blockchain, combined with cost-effective, low-maintenance, cloud computing and Internet of Things technology, has the potential to profoundly transform farming. It’s now possible to deliver compelling tools that enable farms of all sizes, indoor and outdoor, across a range of crop types, to deliver high quality product, and sustain a high-volume, high-margin agriculture business.
The Pavo Marketplace
The Pavo marketplace will be a central hub, powered by IoT and blockchain data, for our ICO token economy.
Pavo’s foundational technologies – Internet of Things, blockchain, Mobile Edge Computing (MEC), Application Programming Interfaces (APIs), Artificial Intelligence (AI), and Machine Learning (ML) will ultimately drive trillions of data transactions annually, feeding crop data into the marketplace to foster transparency and knowledge of crop provenance. Marketplace participants use the Pavo token to buy and sell agricultural crops, data and ancillary supplies. To know current trend of ICOs, you can check ICO stats.
Pavo Token Circulation
We expect the Pavo marketplace to attract participants all along the agribusiness spectrum. Farmers will want to use our IoT Blockchain solution for higher yielding, better quality crops, which they can sell through the marketplace. Individuals, families, local restaurants and grocers will want to tap the market place for better prices available by directly connecting to farmers. Corporate and academic researchers will want access to vast and deep data lakes we create in the platform.
Pavo Technology in Detail
The Pavo platform is enabled by a hybrid (hardware/software) solution that is easily accessible through user-friendly desktop, tablet and mobile interfaces. Pavo users can view key activities and metrics related to their operations in real time with high precision reporting and sophisticated analytics built on top of that intelligence. When the Pavo solution is in place, it delivers full visibility (e.g., overseeing growth stages, harvesting, managing inventory, and tracking sales), along with a better understanding of the end-to-end grow operation. The Pavo dashboard displays at-a-glance information on the vitals of the grow operation such as resource utilization and the cultivation staff’s actions in reverse chronological order, in the form of a detailed news feed.
Once enough information is gathered in the system over the course of multiple rolling grow cycles, recommendations customized for each farm site significantly reduce power, water, supplies usage and undue maintenance costs. Constant monitoring of streams of sensor and operational data helps Pavo automatically compute a GrowScore per farm or indoor zone that is presented in the form of a heat map. The aim is to always promote better cultivation recipes and crop management practices for every specific site, with customizable granularity per farm site. Pavo also facilitates on-site communications and assigns tasks to pre-defined human resources, with an eye towards optimal resource scheduling and further process automation. Cultivation staff can not only reach vital performance indicators on-the-go but can also conveniently log their expert impressions on the current crop conditions to form a more complete picture of crop performance overtime.
A Simple Wallet
For many users, PAVO will be their first cryptocurrency experience. This presents both an exciting opportunity to introduce millions of users in the agriculture industry to cryptocurrency and a significant responsibility to design an experience that is simple and secure. Instead of requiring a complicated wallet setup when users install the app, users will be gradually introduced to the concept by earning and using PAVOs. User wallets are created automatically and synced between devices with an encrypted cloud backup. This matches the seamless experience users expect from mobile apps. Additionally, as users earn more and become familiar with cryptocurrency, they will have the option to take control of their wallet, off-device, for increased security.
PAVO will be the digital utility token that powers and incentivizes the Pavo user ecosystem and content platform. Pavo intends to be fully transparent in all its financial conduct and transactions. The controlled release of tokens will give Pavo projects and PavoCoin the opportunity to grow and increase in influence based on merit and value creation. Escrowed funds and planned ecosystem industry projects will set Pavo apart from other token-generation events.
200,000,000 tokens will be issued by Pavo. There are currently no plans to generate additional tokens. The initial distribution of tokens will be through a series of offerings in different phases.
- Allan YoungCo-founder and Vice-Chairman
- Erhan CakmakCEO & Co-Founder
- Ari GormanCTO
- Dave DabbahCMO
- Atakan CetinsoyVP Product Management
- David HowardVP Corporate Strategy
- Basir MomandIT Sensor Engineering
- Mike BookerChief Cultivator
- 1Q2 2017
Start development of Pavo application
- 2Q3 2017
Deployment of POC Sensors and initial Data Baseline creation.
- 3Q1 2018
Deployment of Pavo IOT Gateway First Generation.
- 4Q2 2018
Launch of Pavocoin and ERC20 P2P smart contracts.
- 5Q3 2018
Pavo Platform with hyperledger Beta.
- 6Q4 2018
Pavo IOT gateway Gen 2.
- 7Q1 2019
Launch Pavo Platform with hyperledger.
- 8Q2 2019
Launch of Pavo Marketplace.
- 9Q3 2019
Pavo IOT 2.0 IOT Gateway Gen 3, self provisioning sensors.