SCLP is the utility token that empowers the entire Scallop ecosystem. Across the platform, it can be used to access various products, features and rewards.
The SCLP token will be launched in the first ever Initial Blockchain Offering (IBO) which will take place on MahaDAO’s MahaStarter launchpad platform on 27th October 2021.
This article outlines the SCLP pricing, supply allocation, vesting schedules and investment allocation. The tokenomics of SCLP have been designed to incentivise all stakeholders.
- Token Type: BEP 20
- Total Supply: 100,000,000
- Initial Market Cap: $1,267,500
- Initial Circulating Supply: 8,450,000 SCLP
- Fully Diluted Market Cap: $15,000,000
- Seed Price: $0.075
- Public Price: $0.15
How is SCLP Allocated?
There is a total supply of 100 million SCLP tokens. However, only 8,450,000 SCLP will initially circulate and the remaining tokens will be released over a period of up to 3 years.
The information below outlines the initial allocation of SCLP, outlining the investment allocation and budget for business activities:
- 23.5% for Fundraise: 23,500,000 SCLP
Seed — 5%
Private 1 — 7.5%
Public — 1%
- 76.5% for Other Activities: 76,500,000 SCLP
Staking — 25%
Team — 20%
Ecosystem — 10%
Marketing — 8%
LP — 7.5%
Advisors — 6%
Scallop’s seed financing was bankrolled by a list of high-profile investors filling up the funding round, namely BlackEdge Capital, X21 Capital, Bitcoin.com, Magnus Capital, Amesten Capital, Market Across, KuCoin Labs, ZBS Capital, Solidity ventures, J8 ventures, and MahaDAO. All contributions will help the team advance its mission of bridging the gap between regulation in traditional finance and accessibility through decentralised finance.
The pricing structure for our investment rounds was as follows:
Seed — $0.075
Private 1 — $0.10
Private 2 — $0.12
Public — $0.15
How long are the team’s tokens locked for?
The following is a complete vesting schedule for all SCLP tokens, including investors, advisors and team:
*Some of the above details are subject to change and this article will be updated accordingly. Any changes will be notified through our social media announcement channels.
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.
Scallop allows users to buy, sell and leverage digital content using a built-in NFT marketplace synced with accounts, providing an extra layer of security and peace of mind. They also can earn the best interest rates from DeFi protocols like Compound and Aave with all the utility and none of the complexity. For more information visit