Thread by @arcane_tiger

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Look at the market caps of their competitors (a bit outdated)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 🤝