Scallop Protocol presents our main governance and utility token, SCA. This document will outline $SCA’s token distribution, emission schedules, utilities and more.
Token Overview
- Name: Scallop Token
- Ticker: $SCA
- Chain: Sui
- Total Supply (Max): 250,000,000 SCA
SCA Token
SCA is Scallop’s core utility token which will be used as the medium of exchange between participants on Scallop in a decentralized manner.
SCA will be distributed as incentives to user to encourage active participation and contribution to the ecosystem.
Core utility of SCA allows holders to stake and receive Vote-escrowed SCA, also known as veSCA. More details regarding veSCA will be released soon.
Token Distribution
- Liquidity Mining (45%) — Distributed via a variety of liquidity incentivization schemes.
- Scallop Core Contributors (15%) — Owned by the founding team contributors.
- Dev & Operation (4%) — Allocated for development and operational purposes.
- Advisor (1.5%) — Distributed to key project advisors.
- Strategic Investors & Partners (15%) — Reserved for private fundraising and strategic partnerships.
- Ecosystem/Community/Marketing/Airdrop (7.5%) — Allocated to fund marketing and platform growth initiatives.
- Liquidity (5%)
- Treasury (7%)
Vesting Schedule
Below provides an overview of Scallop’s SCA emission chart:
- Liquidity Mining: The emission will be released every month, with the current month’s release being 1.5% lower than the previous month. Initially, it will be released in a quantity of 2,830,459 SCA.
- Treasury: 100% unlock at TGE (Token Generation Event) to maintain long-term liquidity on both centralized (CEX) and decentralized exchanges (DEX).
- Ecosystem/Community/Marketing: Linear unlock over 5 years.
- Scallop Project Contributors: Locked for 1 year, followed by a linear unlock over 3 years.
- Advisor: Locked for 1 year, followed by a linear unlock over 3 years.
- Dev & Operation: Linear unlock over 5 years.
- Investors: Unlock over 1–3yrs.
To conclude, we are extremely excited to finally release our long awaited token for the community. This is an exciting period and we look forward to onboarding many new Scallopers through $SCA!
veSCA …
[to be announced]
