Script Network (SCPT) ICO

The Script Network ICO funded one of crypto's more ambitious media experiments: a layer-1 open-source live TV and video delivery protocol that rewards viewers for watching and relaying content. Unlike most 2023 token sales, SCPT went on to record a genuine post-listing rally before retracing, making this initial coin offering a useful case study in how decentralized streaming tokens behave across a full market cycle.

Script Network ICO Details and Fundraising Result

The token sale ran from 29 March 2023 to 22 May 2023, pricing SCPT at $0.00947 and raising $665,646 against an allocation of roughly 70.29 million tokens from a 1 billion total supply. Payments were accepted in USDT. The raise was modest by design, with an initial market cap near $968,000 and an initial fully diluted valuation around $9.4 million, keeping entry valuations low relative to peers in the watch-to-earn niche.

Dual-Token Design: SCPT and SPAY

Script Network operates a dual-token system. SCPT is the core governance and staking asset, with Validator Nodes requiring a 5,000,000 SCPT stake and Lightning Nodes a minimum of 10,000 SCPT, earning holders roughly 5% annually. SPAY handles on-chain transactions. The team has since announced plans to merge both assets into a single utility and governance coin, SF, a structural change existing holders should track closely.

Team and Traction Claims

Founders Abiel Alazar, Akeem Ojuko and Roomani Bajaj spent over two years building more than 150,000 lines of code, with the project claiming a user base above 400,000 and around $10 million in revenue. Script TV, a free 24/7 television dApp, remains the flagship product alongside video NFTs and decentralized storage.

ICO Conclusion: A Rally, Then a Retrace

This sale delivered what most 2023 ICOs did not: a period of real price appreciation. SCPT reached an all-time high of $0.0603 on 13 March 2024, roughly 6.4x the ICO price, rewarding early participants who took profits during the run. Investor response during that window was strong, volumes were healthy, and the raise demonstrably helped the project ship its blockchain, migrate to an upgraded contract and grow its viewer base. The subsequent decline of over 99% from the peak, however, mirrors the broader collapse of mid-cap altcoin momentum and the market's skepticism toward watch-to-earn economics at scale.

Current SCPT Listings, Price and Trading Volume

SCPT trades today in the $0.00004 to $0.0002 range depending on venue, with the most active pair being SCPT/WBNB on PancakeSwap v2 and additional listings on MEXC and BingX, per CoinGecko. Daily volumes have thinned to a few hundred dollars on the primary DEX pair. Note that the project migrated contracts; the current BNB Chain address is 0x0669538fcdef9a73cd37938eba8c79e652bb93aa, and holders of the legacy contract should verify migration status before trading.

Project Progress, Working Products and Expansion

Script Network remains one of the few token-sale projects in this cohort with a live, functioning product. Script TV continues to broadcast, the genesis chain launched, and the roadmap now centres on the SCPT-SPAY merger into SF and deeper node participation. Official updates flow through token.script.tv. For contrast with a Web3 analytics presale from the same era, review the LaunchPad XYZ ICO, or follow related developments in BabyBoomToken presale review coverage.

Red Flags and DYOR Checklist for SCPT

Weigh these carefully: the price sits over 99% below its all-time high with minimal liquidity; the announced token merger into SF introduces conversion-ratio and timeline uncertainty; revenue and user figures are self-reported; and the contract migration history means outdated addresses still circulate online. Confirm the live contract, check current node-staking yields on official documentation, and evaluate whether Script TV viewership independently justifies the network's valuation before taking a position in this blockchain video streaming token.

For related research, see BeGreenly token sale.

Glossary

Watch-to-earn: a model where viewers receive token rewards for consuming and relaying video content. Validator Node: a staked network participant that confirms transactions and secures the chain. Contract migration: moving a token to a new smart contract, requiring holders to swap old tokens for new ones.

Disclaimer

Nothing here is investment advice. Digital-asset markets are volatile and tokens tied to early-stage protocols carry elevated risk, including total loss. Do your own research and consult a licensed professional before investing.