Scallop is happy to announce that the SCLP native token was added to PancakeSwap’s October 28th. 2021 Gate.io also went live that day. Providing broader access to Scallop’s ecosystem and asset, SCLP also achieved a World premier Listing on the KuCoin platform today briefly touching an ATH of $100 and is doing close to 20x at the time of this publication.

Scallop makes Scallop’s native asset available on multiple trading platforms. SCLP was listed on KuCoin PancakeSwap and Gate.io to make it more accessible and allow for more users to access this asset. SCLP is the native currency for Scallop’s on-chain DeFi banking ecosystem and is required to access products, rewards, and trading bonuses.

SCLP can be used for fees paid on Scallop’s platform. This is because the Scallop Chain holds the asset. For those unaware, Scallop Chain is the world’s first regulated blockchain. For trading digital assets, users pay fees. They can also use the ramps on/off to convert fiat into cryptocurrency. SCLP can be used by institutional clients for management fees.

The Binance Smart Chain token SCLP, a BEP-20 token is available as a BEP-20 token. Its initial supply consists of 8,450,000 tokens – from a total supply of 100,000,000 – at an initial market capitalization of $1,267,5000. Additionally, 23.5% of the tokens were allocated to strategic investors in Scallop’s seed funding round, with the remaining 76.5% reserved for the company’s business activities.

Raj Bagadi, Scallop’s CEO and Founder adds:

“The distribution of SCLP into the hands of the public is a primary objective for the token. This token maintains our vision to move to a decentralized financial system that is more fair and equitable. Exchange listings provide greater access for ordinary people. I’m extremely proud of the staking program as it highlights the opportunities available in DeFi for the masses compared to traditional finance.”
Scallop will also launch its stake platform in October 2021. The platform, found at app.scallopchain.com, will provide users with premiums on top of traditional value holders. As Scallop’s staking program provides freedom, it is not required to keep funds in a crypto wallet or exchange account. You can also stake for as long as you like, from 30 days all the way to four years. You can earn up to 20% more if you stake for longer periods.

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