What Is Scientia (SCIE)?
Scientia (SCIE) is a cryptocurrency with the unique feature of supporting science and technology. As mentioned in the whitepaper, the token operates on the Binance Smart Chain, which offers speed, a high degree of security, and a decentralized environment. Binance Smart Chain (BSC) is a blockchain network built for running smart contract–based applications. The platform empowers to build a trusted community that works on the experimental novel mechanism called cycling rebase. Rebase increases or decreases the total supply of a given token across all holding pools and wallets. The token launched with an ultimate aim to build recognition of the science community, thereby establishing “Scientia Trust.”
Scientia aspires to revolutionize science and overcome the funding problems controlled by the government and giant corporations. To make funding for science start-ups manageable and fast, Scientia aims to solve the problems of start-ups and science fund seekers. In turn, that increases the token's value due to its buyback policy. Scientia regularly performs buybacks of its investments in this policy by starting other negative rebase phases.
The native token of Scientia is SCIE. SCIE is an elastic supply token that supports the Scientia project, including negative rebase in cycles. The token aims to develop the Scientia Trust that bridges blockchain technology, venture capital, and science funding, thereby becoming a new vehicle for science and tech funding. Therefore, to obtain credit, Scientia has stated the plan to issue three tokens: Scientia Trust I, Scientia Trust II, and Scientia Trust III.
According to the whitepaper, the Scientia token has a decentralized environment that works on rebase cycles. With these cycles, all the profits are used to support science and technology-related start-ups. That is returned to the Scientia community through a regular buyback.
Thus, Scientia is a unique platform that aims to seek transparency by keeping the token holders well-informed, building a robust Scientia community, seeking truth, challenging past ideas, and ultimately, earning a return through supporting innovations.
History of Scientia
Scientia was launched in October 2021. The Scientia token was first launched on Binance Smart Chain and is available through a secondary market, i.e., PancakeSwap, since November 2021. Scientia came into existence to solve the biggest problem of science funding managed nationally and completely bureaucratically. Thus, several strategies were developed to overcome the problem. One of them was issuing tokens, and the first token, Scientia Trust I, was launched in December 2021.
