Banking, Cryptocurrency & DeFi 💵
Presenting: #Scallop
$SCLP
//A THREAD 🚨 📈
Coin Gecko Metrics
Points of interest:
• Market Cap: 82 million
• Circulating Supply: 20 million
Exchanges: KuCoin, Gateio , Pancakeswap
Main Competitors: $COTI, $NEXO, $CRO
What is $SCLP ?
Scallop is a fin-tech provider providing #crypto & fiat use all in one place
This allows TradFi & DeFi to merge in a secure & compliant manner for mass adoption.
Scallop has applied for FCA authorization to deal in EMD’s (UK) as an Electronic Money Institution
What will this do?
This will give $SCLP access to 747 MILLION users across the UK & EU to provide banking services involving cryptocurrency in a frictionless, compliant manner.
$SCLP is required for transaction & exchange fees (more later)
Key Features:
•Crypto & Fiat in one place
•DeFi access from a bank account
•Institutional grade security (CC EAL6+ Secure element; Secure Java OS)
•Easy to access DeFi rewards from depositing fiat: earn yield from projects like $AAVE & $COMP
Features (CONTINUED)
• Buy, sell and leverage NFT’s with FIAT, the first of its kind
• Scallop EX: trade between fiat and crypto through a link to $UNI
• Multi-currency wallets
• Send fiat to anyone in the world with crypto
• Up to 100 million in insurance coverage
$SCLP also offers 2 key products:
A Scallop card & Scallop cold storage wallet
The cold storage wallet is equipped with institutional grade security to protect your private keys
(Would love to see a $QRDO partnership for decentralized custody)
What does $SCLP offer that their competitors can’t?
Basically, everything competitors like $COTI, $NEXO , & $CRO cannot
This includes defi token acceptance, a regulated EU license, & more.
Look at the market caps of their competitors (a bit outdated)
Lots of room to grow
TOKENOMICS
$SCLP is required for:
• Transaction Fees
• Exchange Fees
• Monthly management Fees
• ATM fees
• Token Hosting
Possessing a small circulating supply (20 million) will cause for high demand from clients
$SCLP holds actual utility in its network
Rewards structure
Highlights:
• up to 1% cash back on all in store purchases
• 20 $SCLP when referring a friend on the app
& more pictured below.
For those that hold $SCLP here are exclusive benefits you receive:
Scallop Chain
Scallop chain is a multi chain compatible bridge that supports EVM & WASM smart contract compatibility.
Accessible chains include:
$ETH , $MATIC , $ATOM , $COMP , $LINK & Binance.
PARTNERS
BACKED BY
ROADMAP $SCLP
Points of interest:
• Launch of Scallop Chain (Q1 2022)
• Cross Chain Liquidity $ Yield (2022)
• Launch your own SRC token (2022)
CONCLUSION
Possessing a sub 100 million market cap, a low supply, and a massive use case, $SCLP possesses the ability to be a major competitor with the likes of Nexo, Coti, & others in the space.
By the way
$QRDO would make a perfect partner for them someday for custody 🤝
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