Scallop is a new age fintech ecosystem designed to offer users a faster, safer and efficient way to manage their crypto and fiat assets in a single place. The project is bringing the digital assets into mainstream use with the help of its robust suite of DeFi and banking products. These products include Scallop Earn, Scallop NFT, Scallop Accounts, Scallop Cards, Scallop Exchange, Scallop Hardware Wallet, Scallop Payments, Scallop Chain and Scallop token.
Scallop Token SCLP is the glue that holds all other products in place and has several use cases within the ecosystem. It is used for paying transaction fees, management fees, exchange fees, collecting rewards, trading bonus payments and much more. SCLP tokens can also be staked to open accounts and access several services.
Scallop is hosting the first-ever IBO for SCLP token on MahaStarter, an incubation platform by MahaStarter. An IBO is an Initial Blockchain Offering that introduces the native token and blockchain network to the public, which in this case is Scallop Token and Scallop Chain. Scallop began the whitelisting on October 23rd and concluded it on October 26th.
The IBO will take place on October 27th and will give the whitelisted users the ability to get early access to the SCLP token.
The IBO will be held on MahaStarter at 3 PM UTC. The IBO will be followed by the public listing of SCLP tokens on KuCoin on October 28th, 2021.
Scallop is an innovative fintech with an aim to bring mass adoption of DeFi products and their use for daily payment activities. It is an advanced neo-banking as a services platform that integrates banking accounts with DeFi services. To learn more about Scallop, visit https://www.scallopx.com/.
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