Summary
Last updated
Last updated
In this section, we offer a comprehensive overview of the SCOP token - the linchpin of the Scopuly ecosystem - outlining its functionality, tokenomics, rewards system, listings, and more.
The SCOP token acts as a powerful tool for attracting new users and engaging the community through rewards, referral programs,
and other promotional activities. It helps familiarize new users with the Scopuly platform and the Stellar network, promoting the understanding of decentralized finance.
The SCOP token ensures streamlined access to varied functionalities within Scopuly, enabling governance and fluidity in transactions. Key functions include facilitating payments for services like the Scopuly crypto card, access to staking, and Automated Market Maker (AMM) systems for liquidity mining, as well as providing significant discounts on fiat exchange transaction fees.
With a fixed supply of 10 billion SCOP tokens, the distribution is locked to preserve integrity and value. Tokenomics breakdown includes portions allotted for the foundation, marketing, community rewards, and public and private sales. This careful planning underscores SCOP's role in fostering a sustainable and thriving ecosystem.
SCOP token holders benefit from various incentives such as holder rewards, liquidity rewards, trader rewards, cashback from payments made with the Scopuly Card, and referral program rewards. These rewards will continue to be distributed to active addresses over several years, with periodic token burns to regulate circulation and enhance value.
The SCOP token was issued on 16 August 2019, and its issuance account is locked, ensuring no further tokens can be created. This enforces scarcity and a stable token supply, with all pertinent issuer information verifiable on Stellar.Expert.
Allocation of SCOP tokens includes reserves for the foundation, ecosystem growth, community airdrops, and rewards for liquidity and trading. These funds are key to enhancing Scopuly's market presence and utility.
As a testament to its interstellar reputation, the SCOP token is traded on Stellar DEX through wallets like Scopuly, Lobstr, StellarTerm, and others, with plans for listings on Centralized Exchanges (CEX), reflecting an active pursuit of broader market participation and liquidity.
Purchasing SCOP tokens is intuitive and fast, promoting an inclusive experience akin to stellar navigation. To hold SCOP, users can follow simple steps to create a Stellar address via Scopuly, fund the address with a minimum balance, establish Trustline to SCOP, and then freely buy or sell SCOP tokens.
The SCOP token is not merely a utility asset; it's a cornerstone in Scopuly's digital architecture. It's designed to enhance engagement, drive platform growth, and empower users with more control and participation in the decentralized space. With every purchase of SCOP, you’re not just acquiring a token - you’re supporting a vision of an open and decentralized financial future.
