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Scallop

Scallop

SCLP
$0.0₃2085Down 2.07 percent($0.00)

Key Stats

Market Cap$10.12KDown 2.07 percent
Volume (24h)$3.15
Fully Diluted Value$10.12K
Vol/Mkt Cap (24h)0.03%
Total Supply48.53M SCLP
Max Supply∞
Launch Date2021-10-27
Built OnBNB
Token StandardBEP20
Smart Contract Address0xF2c9…01af
Decimal Places18

Scallop Information

Websites
www.scallopx.comWhitepaper
Industries
DeFi

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
BEP20BNB0xF2c96E402c9199682d5dED26D3771c6B192c01af2021-10-27

About Scallop

Scallop Coin is the native token of Scallop Chain, available on both the Scallop Chain and Binance smart chain. Scallop is a decentralized fintech ecosystem that provides a secure and efficient platform for managing both crypto and fiat currencies in one place. The platform combines decentralized financial services with traditional banking features and aims to bring digital assets into mainstream use. Scallop offers traditional banking services with a strong cryptocurrency and DeFi integration for individuals and institutions, and is the only banking service that directly connects banking accounts to hardware or digital wallets, facilitating seamless crypto-fiat transactions.

Frequently Asked Questions

Scallop is a groundbreaking fintech decentralized ecosystem, uniquely blending the functionalities of traditional banking with the advantages of decentralized finance (DeFi) and cryptocurrency. This innovative platform offers users an efficient and secure way to manage both crypto and fiat currencies seamlessly. Scallop is designed to be a comprehensive financial solution, integrating banking services like accounts, cards, and remittance with robust crypto functionalities. Its primary aim is to mainstream the use of digital assets and accelerate the shift towards a more equitable and decentralized financial ecosystem. Scallop stands out by bridging the gap between conventional banking institutions and cross-blockchain applications, aiming to transform how traditional financial and crypto services interact.

Scallop was co-founded by Raj Bagadi, who serves as the CEO, and Mindy Bejawn, the COO of the company. Bagadi brings a wealth of knowledge to Scallop, holding a master's degree in business development and management along with a postgraduate certificate in economic development from Oxford. This strong academic background, combined with their professional expertise, positions the Scallop team uniquely in the fintech and crypto spaces.

$SCLP, the native token of Scallop, plays a pivotal role as an ERC-20 and BEP token, integral to the functionality of the Scallop ecosystem. Within this ecosystem, the token covers a range of uses. It's primarily employed for the payment of various service charges, including exchange fees, transaction fees, management fees, bank transfer fees, ATM fees, and others. Beyond serving as a medium of payment, SCLP is also utilized for staking to support the network's proof-of-stake consensus mechanism.

In addition to these financial uses, holding SCLP tokens can lead to trading bonuses, offering added incentives for transactions conducted using SCLP. Users leveraging SCLP can enjoy discounts, with up to a 20% reduction in fees within the Scallop App. The token also extends its utility to exclusive access; holders are eligible for the Elite Membership in the Scallop network, unlocking a suite of special benefits.

Furthermore, those holding SCLP have the opportunity to become node validators.