10/6/2022, 1:39:32 PM

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Scallop is on the rise this week.

The price of Scallop has risen by 8.89% in the past 7 days. The price declined by 6.65% in the last 24 hours. In just the past hour, the price shrunk by 0.99%. The current price is $0.213873 per SCLP. Scallop is 99.86% below the all time high of $155.17.

The current circulating supply is 0 SCLP.


What Is Scallop (SCLP)?

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.

History of Scallop (SCLP)

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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What is the current price of Scallop?

The price of 1 Scallop currently costs $0.21.

What is the market cap of Scallop?

The current market cap of Scallop is $0.00. 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 $155.17. 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 $585.17K.

What other assets are similar to Scallop?

Assets that have a similar market cap to Scallop include Hydraverse, Sphynx BSC, Gold Fever, 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 0.

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