Scallop
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Scallop

Monthly Review: January 2022

The Scallop team started the New Year with great enthusiasm and focus on our mission. In January we reached important milestones in our roadmap, e.g. partnering with MultiChain to facilitate the cross-chain swap of the SCLP token, and we also made wonderful progress in our mission to expand the business globally, as we gained a Money Service Business (MSB) license from FINTRAC — which will allow Scallop to service Canada’s 37,000,000 citizens.

Additionally, the Scallop team reached a significant milestone in the development of Scallop Chain — the first regulated blockchain; V1 of the test net has successfully been launched!

Scallop also entered the sporting world by becoming the Primary Partner of Premier League football club Norwich City F.C, which will enhance Scallop’s exposure to the 4+ billion Premier League viewers.

Take a full look at our many achievements this month…

MSB License, Canada

Scallop acquired a prestigious Money Services Business (MSB) license from Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC). This will allow us to operate our business and launch the Scallop App in Canada. It is a great stepping stone in our mission to make Scallop accessible to as many people across the world.

The MSB license highlights Scallop’s aim to work in concert with regulators worldwide and maintain a strong perception of trust, as we provide a safe ecosystem for users to store, trade and manage their banking and crypto services.

Norwich City F.C. Partnership

Scallop became the Official DeFi partner of Premier League football club Norwich City F.C, for the remainder of the 2021/22 season. Scallop and Norwich share a mutual principle to inspire the next generation of young fans. This partnership will aid Scallop to gain worldwide exposure to the 4+ billion Premier League viewers, in 190 countries and educate young people around the world about DeFi.

Press release: https://www.canaries.co.uk/content/club-announces-scallop-as-new-primary-partner

MultiChain Partnership

Scallop partnered with MultiChain! This will allow token holders to swap the SCLP token between multiple blockchains on the MultiChain platform.

New Exchange Listing

SCLP has successfully listed on FMFW Exchange, (Formerly Bitcoin.com Exchange). This new listings will enable more people to trade the SCLP/USDT pair.

Ambassador Program

We’ve successfully launched our global Scallop Ambassador Program. This will enable Scallop to work collaboratively with the ambassadors from the community who will actively contribute to delivering Scallop’s mission. So far we have received 500+ responses and we can’t wait to start working with our ambitious ambassadors. Apply now: https://form.typeform.com/to/xxFmEcaB

Community:

Scallop has recently created an Instagram account and we are thrilled that we have quickly reached 2000+ followers. Join us here: https://www.instagram.com/scallop_app/

Giveaways:

We always strive to give back to our community, as a thank you for their continuous support.

This month, we completed the Scallop “Double-Up” Christmas Giveaway in which we doubled the amount of SCLP bought on PancakeSwap for 5 lucky winners.

We also hosted a “#10 Shirt Competition” in collaboration with Norwich City F.C. Tying in with Scallop’s ten “X’ products, we asked our followers who is their favourite past or present footballer to wear the famous #10 shirt. One lucky winner has been sent the gift.

Furthermore, Scallop is currently hosting a Chinese New Year ‘Red Envelope’ Giveaway to celebrate the Year of the Tiger. We’ve so far had 2000+ entries, with the closing date on the 10th February 2022. Participate now: https://bit.ly/3rnU5Zz.

As a thank you to those who have staked their SCLP for 4 years, we’ve reopened the form to receive a free “I Staked SCLP for life’ t’-shirt. As of the end of the month, 4 year stakers now make up more than 60% of all staking!

Publications

CoinTelegraph: https://cointelegraph.com/press-releases/scallop-obtains-msb-license-to-operate-in-canada

CryptoSlate: https://cryptoslate.com/press-releases/scallop-obtains-msb-license-for-operations-in-canada/

Thank you for the continuous support, we can’t wait to see you in another month!

Team Scallop

About Scallop

Scallop is an innovative fintech ecosystem for users who want a faster, more efficient way to manage their crypto + fiat in a single place securely. Our mission is to bring digital assets into mainstream use and bridge the gap between decentralised and traditional finance.

Website | Twitter | Telegram | Linkedin | Facebook | Instagram

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One-stop solution for both banking services and crypto DeFi services

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