Issuer Information
Last updated
Last updated
The "Issuer Information" section of the Scopuly GitBook provides comprehensive details about the issuance, management, and oversight of the SCOP token on the Stellar network. Understanding the issuer information is paramount for anyone looking to invest or participate in the Scopuly ecosystem, as it underlines the token's legitimacy, regulatory compliance, and the trustworthiness of the platform.
SCOP tokens are issued by Scopuly, a platform dedicated to leveraging the power of the Stellar network to create a dynamic, user-friendly DeFi ecosystem. The issuer is integral to not only the development of Scopuly's features but also in ensuring the token adheres to high standards of security and regulatory compliance.
The SCOP token was officially issued on 16 August 2019, marking the beginning of its journey within the Stellar ecosystem. The date signifies when SCOP tokens became available for trading, staking, and other functionalities within Scopuly and across the Stellar network.
As part of its commitment to transparency and security, Scopuly has locked the issuing account following the initial issuance of SCOP tokens. This means no additional SCOP tokens can be created, ensuring a fixed supply and protecting against inflationary pressures that could dilute token value.
Scopuly takes regulatory compliance seriously. The issuance and management of SCOP tokens conform to relevant laws and regulations, ensuring that participants engage with a legally sound platform. Continual monitoring and adaptation to changing regulatory landscapes are part of the issuer's commitment to operate within legal frameworks.
To further ensure the integrity of SCOP tokens, the issuing mechanisms and smart contracts associated with SCOP have undergone rigorous audits and security reviews. These assessments are conducted by reputable third-party security firms, ensuring that the SCOP tokens are safe from vulnerabilities and malicious attacks.
Scopuly maintains an open line of communication regarding the status and management of SCOP tokens. Regular updates on token metrics, governance decisions, and changes to the tokenomics model are made available to the public, promoting transparency and building trust within the community.
As tokens issued on the Stellar network, SCOP benefits from Stellar's fast, low-cost transaction infrastructure. This facilitates seamless token transfers, trades, and other operations within the Scopuly ecosystem, contributing to an efficient and user-friendly experience.
The issuing account for SCOP tokens is verifiably anchored to the Scopuly platform, with verification details publicly accessible. This establishes a clear link between the tokens and their issuer, allowing users and investors to verify the legitimacy of SCOP tokens easily.
The "Issuer Information" section is designed to provide platform users, investors, and stakeholders with all necessary details regarding the SCOP token's inception, management, and governance. By prioritizing transparency and compliance, Scopuly ensures that its cornerstone asset, the SCOP token, remains a trusted and valuable part of the global DeFi landscape.
