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Scallop

SCLP

Scallop is not available for trading on the Coinbase Exchange, but is supported on Coinbase Wallet

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Scallop is only available through Coinbase Wallet. Assets on Coinbase Wallet are not held by Coinbase. Use of Coinbase Wallet is subject to these terms.

About Scallop

Scallop (SCLP) aims to be a regulated decentralized finance (DeFi) banking application that allows retail and institutional users to profit from decentralized ecosystems. The main objective of Scallop aims to mainstream DeFi activities.

Cryptocurrency acceptance has steadily grown with a gradual increase in use cases. However, swapping funds between centralized and decentralized financial ecosystems is still cumbersome. Also, complex DeFi structures create entry barriers for large-scale adoption. Users cannot easily convert cryptocurrencies to conventional assets used in everyday transactions. To address this, the whitepaper highlights that Scallop aims to use the blockchain to provide consumers with financial solutions that are secure and reliable.

The resulting environment seeks to be secure, but it is also user friendly. Scallop's technology aims to provide tools for customers to benefit from the cryptocurrency market without the complication or ambiguity that has hitherto accompanied their use. Focusing on this, Scallop aims to make the platform more accessible for both crypto knowledgeable users and novices by combining the comfort of an ordinary payment card to be easily used in the DeFi ecosystem.

According to the whitepaper, the Scallop token (SCLP) is a Binance Smart Chain (BSC) network utility token. Binance Smart Chain is a parallel chain that runs smart contracts on the Binance exchange. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Scallop developers chose BSC due to its broad range of DeFi capabilities. SCLP tokens can be used to pay for the exchange/transaction costs, monthly management fee, institutional management fee, loading & unloading fee, and token hosting fee.

Raj Bagadi and Mindy Bejawn cofounded Scallop, where Bagadi is the CEO and Bejawn is the COO. Bagadi has a master's degree in business development and management and a postgraduate certificate in economic development from Oxford. In the United Kingdom, he is also a certified anti-money laundering specialist. 

The whitepaper mentions a maximum total supply of 100,000,000 SCLPs. 

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Market

Spain Market Stats

Market cap

€23.8M

Volume (24h)

€1.1M

Circulating supply

64.6M SCLP

All time high

€6.13

Price change (1h)

-0.32%

Price change (24h)

-4.08%

Price change (7d)

-27.3%

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Scallop is on the decline this week.

The price of Scallop has decreased by 0.32% in the last hour and decreased by 4.08% in the past 24 hours. Scallop’s price has also fallen by 27.30% in the past week. The current price is €0.37 per SCLP with a 24-hour trading volume of €1.13M. Currently, Scallop is valued at 93.99% below its all time high of €6.13. This all-time high was the highest price paid for Scallop since its launch.

The current circulating supply of Scallop is 64,582,950.8 SCLP which means that Scallop has as total market cap of 64,582,950.8.

FAQ

What is the current price of Scallop?

We update our Scallop to EUR currency in real-time. Get the live price of Scallop on Coinbase.

What is the market cap of Scallop?

The current market cap of Scallop is €23.80M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Scallop?

The all-time high of Scallop is €6.13. This all-time high is highest price paid for Scallop since it was launched.

What is the 24 hour trading volume of Scallop?

Over the last 24 hours, the trading volume of Scallop is €1.13M.

What other assets are similar to Scallop?

Assets that have a similar market cap to Scallop include SENATE, Prosper, Ellipsis, and many others. To see a full list, see our comparable market cap assets.

How many Scallop are there?

The current circulating supply of Scallop is 65 million.

Can I buy Scallop on Coinbase?

Yes, Scallop is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Scallop guide.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.