X21 Digital & Scallop Strategic Advisory Announcement

The X21 Digital team is pleased to announce the addition of Scallop to our strategic advisory portfolio. Scallop is an innovative fintech ecosystem for a faster, more efficient way to securely manage crypto + fiat in a single place. Featured on Bloomberg, Nasdaq, and Yahoo, Scallop will attempt to redefine traditional banking to “Banking as a service, the way it should be.” Their mission is “To bring digital assets into mainstream use and bridge the gap between decentralized and traditional finance. For the first time, store crypto & fiat in one place.”

Scallop “X” Products

Below is a list of ten Scallop products that will be available on the platform:

1.Scallop Earn — Collateralized lending/borrowing with cryptocurrencies.
2. Scallop NFT — Buy/Sell and leverage digital content using the built-in NFT marketplace.
3. Scallop Banking Accounts — GBP/EUR banking accounts for daily use.
4. Scallop Cards — Debit cards for accounts.
5. Scallop Pay — Pay for your goods using Cryptocurrencies.
6. Scallop Multicurrency Wallets — Multi-currency fiat wallet save and spend.
7. Scallop Money Transfer — Send fiat to anyone, anywhere in the world, using your crypto.
8. Scallop Exchange — A tool to convert cryptocurrencies to fiat and vice versa. 9. Scallop Cold Wallet — Store and exchange crypto directly from your cold wallets.
10. Scallop Chain — Enable cross-chain financial applications.

Scallop is a crypto-friendly banking solution that is regulated, secured, and insured. They are a next-gen cross-chain banking platform that supports both EVM & WASM smart contracts. They plan to connect traditional banks with cross-blockchain applications, allowing institutional partners to work directly with Scallop to create secure custody services, interest-bearing savings accounts, debit cards, and a fiat on-ramp to crypto. Scallop token holders will have access to exclusive Scallop App and Business features. Elite Scallop members will have benefits such as discount fees, airport lounge access, Elite Visa card, amongst others.

Please refer to the image below for more details of the benefits of Scallop Elite and Institutional status.

Scallop Token Utility (SCLP)

Scallop token (SLCP) is a utility ERC-20 token on the Ethereum network. Some of the SCLP tokens use cases:

• Exchange/Transaction Fees
• Monthly Management Fees
• Institutional Management Fees
• Bank Transfer Fees
• Loading and Unloading Fees
• ATM Fees
• Token Hosting Fees.

Scallop token (SCLP) will be used as a universal reward token for the following programs:

• Crypto Back — 0.5% to 1% on every in-store purchase paid in SCLP.
• Institutional Offers — discount by institution networks, paid in SCLP.
• Travel Offers — Up to 1% for eligible foreign transactions paid in SCLP.
• Deposit Incentive — Rewards 5% paid in SCLP.
• Referral Bonus — 20 SCLP tokens when your friend signs up on the Scallop App.
• Sign Up Bonus — 20 SCLP tokens when you sign up on the Scallop App.

For more details on SCLP Tokenomics, please click on the following link: https://medium.com/scallopx/sclp-tokenomics-3728dd29b41f

X21 Digital has been victorious in onboarding early start-ups. A commitment to innovative, groundbreaking solutions and blockchain technology provides us with unique opportunities in assisting clients with product development.

We are thrilled with our involvement with Scallop as they execute their vision to create “Banking as a service, the way it should be.”

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. Featured on Bloomberg, Nasdaq, and Yahoo, Scallop will attempt to redefine traditional banking to “Banking as a service, the way it should be.”

About X21 Digital

X21 Digital is a Blockchain advisory and Investment firm dedicated to helping blockchain start-ups accelerate their growth and exposure in the industry.

To date, X21 Digital has invested and advised several companies and projects with optimal strategic advice and guidance to build their path to success.

X21 Digital

Website: https://x21digital.com/
Twitter: https://twitter.com/X21_Digital
Medium: https://medium.com/x21-digital

Scallop

Website: https://scallopx.com/
Telegram: https://t.me/Scallop_Official
Twitter: https://twitter.com/ScallopDefiBank
Medium: https://twitter.com/ScallopDefiBank