Convert Malagasy Ariary MGA to ScamFari token SCM

About ScamFari token

ScamFari token is falling this week. The current price of ScamFari token is MGA 0.01141 per SCM. With a circulating supply of 100,000,000,000 SCM, it means that ScamFari token has a total market cap of MGA 1,140,686,230.44. The amount of ScamFari token traded has risen by MGA 41,043,463 in the last 24 hours, which is a 144.67% increase. Additionally, in the last day, MGA 28,370,965 worth of SCM has been traded.

The exchange rate of ScamFari token is decreasing. The current value of 1 SCM is MGA 0.01141 MGA. In other words, to buy 5 ScamFari token, it would cost you MGA 0.05705 MGA. Inversely, MGA 1 MGA would allow you to trade for 87.64 SCM while MGA 50 MGA would convert to 4,382.05 SCM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 6.75%. Meanwhile, in the last 24 hours, the rate has changed by 0.59%, and that the highest exchange rate of 1 SCM to MGA was MGA 0.01152 MGA and the lowest 24 hour value was 1 SCM for MGA 0.01121 MGA. Last month, 1 SCM was worth MGA 0.01385 MGA. Today, it's down 18.81%. Looking back a year, ScamFari token has changed by MGA 0.02273 MGA. That means that in a single year, the value of ScamFari token has shrank by 48.15%.

ScamFari token Market Stats

What is the project about? Scamfari is a crowd-sourcing platform by the HAPI Foundation, dedicated to making the blockchain safer. It addresses the rising threat of fraud in the cryptocurrency space by empowering users to report scams, phishing sites, and malicious projects. Through a user-friendly website, individuals can submit evidence-backed reports, which are meticulously validated using real-time tools and authoritative data sources. Valid reports are rewarded, fostering a community-driven effort against fraud. Scamfari integrates blockchain technology and smart contracts for transparency, privacy, and secure rewards. By uniting users and technology, Scamfari aims to create a more reliable and trustworthy blockchain ecosystem. What makes your project unique? Scamfari's distinctiveness stems from: - Community Vigilance: Harnessing user reports for a safer ecosystem. - Multi-Layered Verification: Collaboration with experts and data providers. - Blockchain Backbone: Transparency, integrity, and automated rewards. - Web3 Alignment: Transparency, privacy, and user-centricity. - Varied Scam Categories: Covering diverse malicious activities. - Privacy Focus: Secure reporting via wallets and blockchain. - Adaptive Improvement: Evolving verification methods. - Foundation Expertise: Backed by renowned cybersecurity authority. In summary, Scamfari's uniqueness arises from community-driven security, advanced verification, blockchain innovation, and a commitment to a safer blockchain landscape. History of your project. Around 1 Year Ago: HAPI team initiates Scamfari to combat fraud in the crypto space. Goal: Engage community in reporting fraudulent wallets and counter terrorist financing. Months Leading Up to Launch: Scamfari's user-friendly platform is developed, integrating blockchain and smart contracts. Rigorous testing ensures security and functionality. Launch: Scamfari goes live, empowering users to report scams and fraud. Community involvement grows rapidly. Post-Launch: Platform refines verification processes based on user feedback. Reward system encourages active participation. Public Impact: Scamfari gains recognition for exposing scams and malicious projects. Contributes to reducing fraud in the blockchain ecosystem. Ongoing Development: HAPI team continuously improves Scamfari, adapting to emerging fraud tactics and enhancing user experience. What’s next for your project? Expanding Engagement: Growing the user community for more impactful reporting. Advanced Verification: Enhancing verification methods with advanced technologies. Diverse Scam Coverage: Adding new scam categories to address evolving threats. Blockchain Integration: Exploring deeper integration with blockchain capabilities. Partnerships: Collaborating with cybersecurity firms and regulatory bodies. Educational Outreach: Creating resources to raise awareness about scams. Enhanced Rewards: Improving incentives to encourage participation. User Experience: Continuously refining the platform's usability. Data Insights: Offering analytics on reported scam trends. Regulatory Compliance: Ensuring adherence to relevant regulations. What can your token be used for? - Rank Payments: The token can be used to make rank payments, potentially allowing users to increase their rewards. This suggests that users can use tokens to enhance their status within the community and potentially earn higher incentives for reporting scams accurately. - Task Assignment and Commission: The token can be utilized for creating research tasks for researchers on the platform. Additionally, a portion (10%) of the tokens used for tasks is collected by the platform and utilized for token burning, potentially contributing to token scarcity and value. - Ecosystem Rewards: The token can serve as a reward mechanism from partner ecosystems. Other ecosystems can allocate rewards in the form of Scamfari tokens to individuals who uncover scammers within their networks, fostering collaboration and promoting wider adoption of the platform. In summary, the Scamfari token has utility for enhancing rewards through rank payments, facilitating task assignments and commission payments, and receiving rewards from partner ecosystems. It appears to play a central role in incentivizing participation, rewarding contributions, and aligning the interests of various stakeholders within the Scamfari platform and its partner networks.

MGA 0.01141Price
MGA 1.14BMarket cap
MGA 28.37MVolume (24h)
100B SCMCir. Supply

Conversion tables

MGA to SCM values from Today at

MGA 1 MGA = 43.82 SCM
MGA 1 MGA = 87.64 SCM
MGA 5 MGA = 438.21 SCM
MGA 10 MGA = 876.41 SCM
MGA 50 MGA = 4,382.05 SCM
MGA 100 MGA = 8,764.10 SCM
MGA 500 MGA = 43,820.51 SCM
MGA 1,000 MGA = 87,641.02 SCM

SCM to MGA values from Today at 4:54 am

0.5 SCM = MGA 0.005705 MGA
1 SCM = MGA 0.01141 MGA
5 SCM = MGA 0.05705 MGA
10 SCM = MGA 0.1141 MGA
50 SCM = MGA 0.5705 MGA
100 SCM = MGA 1.14 MGA
500 SCM = MGA 5.71 MGA
1,000 SCM = MGA 11.41 MGA

MGA to SCM over time

MGA
Today
24H
-8,721.52%
1M
-7,217.72%
1Y
-4,399.15%
0.5 MGA
43.82 SCM
43.61 SCM
36.09 SCM
22.00 SCM
1 MGA
87.64 SCM
87.22 SCM
72.18 SCM
43.99 SCM
5 MGA
438.21 SCM
436.08 SCM
360.89 SCM
219.96 SCM
10 MGA
876.41 SCM
872.15 SCM
721.77 SCM
439.92 SCM
50 MGA
4,382.05 SCM
4,360.76 SCM
3,608.86 SCM
2,199.58 SCM
100 MGA
8,764.10 SCM
8,721.52 SCM
7,217.72 SCM
4,399.15 SCM
500 MGA
43,820.51 SCM
43,607.61 SCM
36,088.58 SCM
21,995.76 SCM
1,000 MGA
87,641.02 SCM
87,215.21 SCM
72,177.15 SCM
43,991.53 SCM

Frequently asked questions

Right now, 1 ScamFari token is worth about MGA 0.01141.

Based on the current rate, you could get 87.64 SCM for 1 MGA.

ScamFari token price has been declining. Since yesterday, the exchange rate of ScamFari token has decreased. Since last month, the exchange rate of ScamFari token has decreased. Since this time last year, the price of ScamFari token has decreased.

You can use our SCM to MGA calculator at the top of this page to convert any amount of SCM to MGA. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MGA is equivalent to 438.21 SCM. Inversely, 5 SCM will cost about MGA 0.05705

ScamFari token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy ScamFari token.

There are a number of crypto assets that have the a similar or comparable market cap to ScamFari token, including Seba, HashPack, and BLOCKv. For a more robust list of assets to explore, jump to the asset page dedicated to ScamFari token.

Related conversions

Start your crypto portfolio today

Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.