Scallop announces token economics, 7.5% of SCA tokens are used for airdrops and other activities
2024-03-07 22:04:57BlockBeatsShare to:
According to BlockBeats news, on March 7, Sui ecological lending protocol Scallop announced SCA token economics. The total supply of tokens is 250 million, of which 45% is used for liquidity mining and 15% is allocated to Scallop core contributors (founding team) contributors), 4% for development and operations, 1.5% allocated to advisors, 15% allocated to strategic investors and partners, 7.5% used for ecosystem, community, marketing and airdrops, 5% used for liquidity, 7 % allocated to the treasury. SCA is the core token of Scallop and will be distributed to users as incentives to encourage users to actively participate and contribute to the ecosystem. Scallop allows token holders to stake to obtain voting escrow for SCA, also known as veSCA.Introduction To Crypto
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| | Price | Price Change (24h) | Trading Volume (24h) | Market Cap |
|---|
| BTC | $61,647.56 USD | -1.84% | $28,569,589,348.7 USD | $1,214,353,672,337 USD |
| ETH | $2,891.53 USD | -1.75% | $12,508,149,637.98 USD | $347,316,088,218.15 USD |
| GARI | $0.01838 USD | +22.94% | $2,886,128.72 USD | $5,235,565 USD |
| SOLX | $0.1891 USD | +11.53% | $1,561,002.48 USD | $0 USD |
| MLN | $15.78 USD | +10.97% | $581,483.51 USD | $21,896,691 USD |
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