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SCALLOP ANNOUNCES ITS FLEXIBLE STAKING PLATFORM, SCLP LISTED ON KUCOIN,
PANCAKESWAP AND GATE.IO

by ChainWire
October 28, 2021
in Crypto Livewire

‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎



October 28, 2021 – London, United Kingdom

--------------------------------------------------------------------------------

> SCALLOP IS PLEASED TO ANNOUNCE THE NATIVE SCLP TOKEN MADE ITS WAY TO
> PANCAKESWAP ON OCTOBER 28, 2021. ADDITIONALLY, GATE.IO TRADING WENT LIVE ON
> THE SAME DATE. 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 20 TIMES AT THE TIME OF THIS
> PUBLICATION.

Scallop brings its native asset to multiple major trading platforms. The listing
of SCLP on KuCoin, PancakeSwap and Gate.io democratizes access to the asset and
allows more people to use this ecosystem.

SCLP is the native currency for Scallop’s on-chain DeFi banking ecosystem and is
required to access products, rewards and trading bonuses.

Paying fees on the Scallop platform is done through SCLP, as the asset resides
on the Scallop Chain. For those unaware, Scallop Chain is the world’s first
regulated blockchain.

Users pay fees for trading digital assets and using the on/off ramps to convert
between fiat and cryptocurrency. Additionally, institutional clients can use
SCLP to pay management fees on the platform.

SCLP is a BEP-20 token on the Binance Smart Chain. 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, CEO and founder of Scallop, said,

“The distribution of SCLP into the hands of the public is a primary objective
for the token. It maintains the ethos of our overall vision – which is to
accelerate the transition to a more equitable and decentralized financial
system. The exchange listings represent fairer access for regular 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 is also kicking off its staking platform on October 28, 2021. The
platform, found here, 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. Moreover, it supports staking from 30
days, up to four years. Staking longer periods yields higher rewards up to 200%
APY.

ABOUT SCALLOP

Scallop is an innovative fintech ecosystem for users who want a faster, more
efficient way to manage their crypto and fiat in a single place securely.

Our mission is to bring digital assets into mainstream use and bridge the gap
between decentralized and traditional finance. The company was incubated by
leading blockchain project MahaDao.

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 the website.

CONTACT

Karampal Singh

THIS CONTENT IS SPONSORED AND SHOULD BE REGARDED AS PROMOTIONAL MATERIAL.
OPINIONS AND STATEMENTS EXPRESSED HEREIN ARE THOSE OF THE AUTHOR AND DO NOT
REFLECT THE OPINIONS OF THE DAILY HODL. THE DAILY HODL IS NOT A SUBSIDIARY OF OR
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CRYPTO LIVEWIRE – PRESS RELEASES

 * Play-To-Earn Project Good Games Guild Closes $1.7 Million Fundraising Round
   October 29, 2021
 * Scallop Announces Its Flexible Staking Platform, SCLP Listed on KuCoin,
   PancakeSwap and Gate.io
   October 28, 2021
 * XDEFI Wallet Unveils Integration With Terra and Announces Liquidity Program
   on Pylon Protocol To Support the Terra Ecosystem
   October 28, 2021
 * Hashed-Backed DeFi Platform Krystal Debuts Token Launchpad, KrystalGO
   October 28, 2021
 * P2P Marketplace Bistroo Adds Crypto Payments To Disrupt the Traditional Food
   Sector
   October 28, 2021
 * OpenSwap Announces New ‘Spot Price Queue’ Feature To Ensure Zero Slippage for
   Crypto Swaps
   October 27, 2021
 * After Raising $8.5 Million From Private Investors, Portal Announces
   Republic.co Offering
   October 27, 2021

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