Scallop
English
English
  • Introduction to Scallop
  • Glosary
  • Scallop Lend
    • Start
    • Lending
      • sCoin
    • Obligation
    • Borrowing
    • Interest Rates (Updating)
    • Liquidation
    • Risks
    • Isolated Asset
  • Emerging Asset
  • PROTOCOL
    • Data
    • Fee
    • Outflow Limit
    • Audits
    • Oracles
    • Bug Bounty
  • Token
    • SCA
    • veSCA
    • Referral
    • Team Control SCA Address
  • Integrations
    • Core Architecture
    • Contract Integration
      • Lending Function
      • Borrowing Function
      • Liquidation Function
      • veSCA
      • Borrow Incentive
    • Package Addresses
      • Mainnet
    • Developer Resources
  • other
    • FAQs❔
    • Links🔗
    • Achievements🏆
    • Brand kit 🎨
  • Scalloper Guide
    • How to Supply on Scallop
    • How to Withdraw from Lending pools
    • How to Borrow on Scallop
    • How to Avoid Liquidation
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  • Token Allocation
  • Vesting Schedule Explained

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  1. Token

SCA

Name: Scallop Token

Ticker: $SCA

Chain: Sui

Total Supply (Max): 250,000,000 SCA

The native cryptographically-secure fungible protocol token of Scallop (ticker symbol $SCA) is a transferable representation of attributed utility functions specified in the protocol/code of Scallop, designed to be used solely as an interoperable utility token.

Token Allocation

Emission Rate
Allocation

Liquidity Mining

45%

Scallop Project Contributors

15%

Dev & Operation

4%

Strategic Partners/Investor

15%

Advisor

1.5%

Ecosystem/Community/Marketing

7.5%

Liquidity

5%

Treasury

7%

Explanation:

  • Liquidity Mining, is Distributed via a variety of liquidity incentivization schemes.

  • Scallop Project Contributors, are Owned by the founding team contributors.

  • Dev & Operation, Allocated for development and operational purposes.

  • Advisor, Owned by key advisors.

  • Strategic partners, Up to 15% reserved for private fundraising and strategic partnerships.

  • Ecosystem/Community/Marketing, Allocated to fund marketing and platform growth initiatives.

  • Liquidity 5% reserved for liquidity.

  • Treasury 7% reserved for the Treasury.

Vesting Schedule Explained

  • Liquidity Mining: The emission will be released every month, with the current month's release being 1.5% lower than the previous month. Initially, it will be released in a quantity of 2,830,459 SCA.

  • Treasury: 100% unlock at TGE (Token Generation Event) to maintain long-term liquidity on both centralized (CEX) and decentralized exchanges (DEX).

  • Ecosystem/Community/Marketing: Linear unlock over 5 years.

  • Scallop Project Contributors: Locked for 1 year, followed by a linear unlock over 3 years.

  • Advisor: Locked for 1 year, followed by a linear unlock over 3 years.

  • Dev & Operation: Linear unlock over 5 years.

  • Investors: Unlock over 1-3yrs.

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Last updated 10 months ago

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