About Scallop
Scallop is an innovative fintech decentralized ecosystem built to offer users a faster and more efficient way to securely manage crypto and fiat currencies in a single place. Scallop is a robust platform that combines decentralized financial services with banking features such as bank accounts, cards, remittance and much more - to promote the general usage of crypto in daily life. Scallop’s mission is to bring digital assets into mainstream use and accelerate the transition to a more equitable and decentralised ecosystem. The Scallop token, SCLP, will be an ERC-20 and BEP token and will be an integral within the Scallop ecosystem. It has several native use cases such as receiving trading bonus payments, staking, payment of transaction fees, etc. Scallop offers traditional banking services with a strong cryptocurrency and DeFi integration for both individuals and institutions. It’s the only banking service to directly connect banking accounts to hardware or digital wallets and as such facilitate seamless crypto to fiat (and vice versa transactions. Included in Scallop suite of ten ‘X’ products is: - Scallop Pay - Payment Gateway for businesses to set up on/off ramp from crypto to fiat and vice versa, to receive payments from customers Scallop Cards - Pay for any goods or services online or in-store using digital assets Scallop Chain - World’s first regulated blockchain that will overlay the entire Scallop banking ecosystem. It can power cross-chain financial applications and allows institutional partners to design and deploy secure custody services, interest-bearing savings accounts, debit cards, and a fiat on-ramp to cryptocurrencies.
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Market Stats
Market Cap
$696.20K
4.39%
FDV
$1.25M
Circ. Supply
56M SCLP
Max Supply
100M SCLP
Total Supply
100M SCLP
Diluted Valuation
$1.25M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0133
Price Change (1Y)
Not enough data
91.36%
Additional details
Market details
SCLP vs markets
↘ 89.42%
SCLP vs BTC
↘ 89.53%
SCLP vs ETH
↘ 87.9%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0xF2c96E402c9199682d5dED26D3771c6B192c01af |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0125 | |
1 Day | $0.0131 | |
1 Week | $0.0125 | |
1 Month | $0.0123 | |
1 Year | $0.14 |
FAQ
Scallop (SCLP) aims to be a regulated decentralized finance (DeFi) banking application that allows retail and institutional users to profit from decentralized ecosystems. The main objective of Scallop aims to mainstream DeFi activities.
Cryptocurrency acceptance has steadily grown with a gradual increase in use cases. However, swapping funds between centralized and decentralized financial ecosystems is still cumbersome. Also, complex DeFi structures create entry barriers for large-scale adoption. Users cannot easily convert cryptocurrencies to conventional assets used in everyday transactions. To address this, the whitepaper highlights that Scallop aims to use the blockchain to provide consumers with financial solutions that are secure and reliable.
The resulting environment seeks to be secure, but it is also user friendly. Scallop's technology aims to provide tools for customers to benefit from the cryptocurrency market without the complication or ambiguity that has hitherto accompanied their use. Focusing on this, Scallop aims to make the platform more accessible for both crypto knowledgeable users and novices by combining the comfort of an ordinary payment card to be easily used in the DeFi ecosystem.
According to the whitepaper, the Scallop token (SCLP) is a Binance Smart Chain (BSC) network utility token. Binance Smart Chain is a parallel chain that runs smart contracts on the Binance exchange. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Scallop developers chose BSC due to its broad range of DeFi capabilities. SCLP tokens can be used to pay for the exchange/transaction costs, monthly management fee, institutional management fee, loading & unloading fee, and token hosting fee.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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