SCALLOP ($SCA) Listing On Bitkub Exchange

About Scallop $SCA
Scallop is a next-generation decentralized finance (DeFi) protocol built on the Sui blockchain, designed to offer institutional-grade lending and borrowing services. As the first DeFi project to receive an official grant from the Sui Foundation, Scallop aims to bridge the gap between traditional finance and the decentralized world by providing secure, transparent, and efficient financial services.

Scallop: Changing DeFi Lending on the Sui Blockchain

Scallop is a new type of Decentralized Finance (DeFi) project built on the Sui blockchain. It helps people and institutions lend and borrow money safely and quickly. Scallop is the first DeFi project to get a grant from the Sui Foundation. Its goal is to connect traditional banking with the world of decentralized finance by offering secure, transparent, and fast services.

Scallop Details

Scallop started in May 2023. It gives users many DeFi services like lending, borrowing, flash loans, and lending derivatives. These services are fast and cost less because of the Crypto Blockchain. Scallop is easy to connect with other DeFi platforms, and it keeps users’ assets safe with strong security.

How Scallop Helps Crypto

Scallop solves some big problems in the DeFi world:

• Strong Security: The Sui blockchain keeps transactions safe and fast.

• Services for Everyone: Both individuals and institutions can use Scallop’s services.

• Transparency and Connection: Scallop works openly and can connect easily with other DeFi platforms, making the crypto world more connected.

Scallop Features

Scallop has special features that make it unique:

• Peer-to-Peer Money Market: Users can lend and borrow directly from each other without banks.

• Lending Derivatives: These new tools give users more ways to use their money.

• Flash Loans: Borrow money for a single transaction without collateral, helping with trading strategies.

• SDKs and UI for Swaps and Bridges: Developers and users can swap tokens and move them across different blockchains easily: 

Scallop Roadmap

Scallop has a clear plan for growth:

• 2023: Launch of the protocol with basic lending and borrowing features.

• 2024: Add flash loans and lending derivatives to expand services.

• 2025: Connect with more DeFi platforms and expand to new markets to get more users and liquidity.

Scallop Tokenomics

Scallop uses its own token called SCA. It is used for paying fees, voting on decisions, and staking.

• Total Supply: 250 million SCA tokens

• Utility: Staking, governance, and platform services

• Vesting Schedule: Tokens are released over time to encourage long-term use

• Distribution: Tokens are shared among the team, investors, and community to support growth

Scallop Team

Scallop was founded by Kris Lai in 2021 and is based in Tortola, United Kingdom. The team has experts in blockchain, finance, and software development. They aim to make DeFi lending safer and easier for everyone.

Scallop Fundraising

So far, Scallop has raised $2.5 million in two rounds:

• Seed Round: $50,000 from BlackEdge

• ICO Round: $2.48 million, with tokens priced at $0.15 each

Scallop Listing Details

Scallop’s token SCA will be listed on Bitkub Exchange, a top Thai crypto platform.

• Deposit and Withdrawal Start: 25 August 2025, 5:00 PM (GMT+7)

• Trading Start: 26 August 2025

• Trading Pair: SCA/THB

• Fundraising Goal: $3.02 million

• Platform: Gate.io for IEO

• Accepted Currency: USDT

• Token Price: $0.15 per SCA

How to Buy SCA Tokens

1. Create an Account: Sign up on Gate.io

2. Deposit USDT: Transfer USDT to your Gate.io account

3. Participate in IEO: Buy SCA tokens during the sale

4. Transfer to Bitkub: Move your tokens to your Bitkub wallet for trading