Flagship Project in SUI, Scallop to Airdrop SCA Tokens & List on Exchange Today!

Source Image : Ecryptonews

In the dynamic landscape of decentralized finance (DeFi), the Sui blockchain has brought forth innovation, scalability, and efficiency. One of the prominent projects in the SUI network garnering attention is Scallop.

Today (8/3), at 17:00 WIB, Scallop will conduct an airdrop of SCA tokens for eligible early investors and host a token generation event (TGE) on various leading exchanges worldwide.

Introducing Scallop, a Peer-to-Peer Platform in SUI

Scallop is a peer-to-peer (P2P) lending protocol within the Sui ecosystem. This project has received grants from the SUI Foundation and is backed by MystenLabs, Comma3Ventures, OtterSec, movebit, along with funding of US$3 million from investors CMS Holdings, 6MV, KuCoin Labs, and UOB Ventures.

Scallop users can easily transfer digital assets to the Sui network using Scallop's connecting solutions, which include Wormhole Connect, Portal Bridge, and Celer Bridge.

Another benefit is low transaction fees, making Scallop an attractive choice for users looking to save costs in their DeFi transactions.

The protocol also offers comprehensive institutional-grade features, including tools for building Sui Programmable Transaction Blocks (PTxs), Scallop SDK for interacting with Scallop, Sui Kit for interacting with Sui using TypeScript SDK, and sCoins (Scallop Market Coins) for fee-less flash loans.

Airdrop and Token Listing

Today, Scallop will conduct a token generation event for SCA tokens at 17:00 WIB on ByBit, Kucoin, and MEXC. Additionally, there will be an airdrop for 35,000 qualifying wallets. The current price of SCA in the whale market reaches US$2, with a market capitalization of US$30 million FDV and US$4.


The SCA token has an allocation of 250 million tokens which will be distributed as follows:

Image: Scallop economy token. Source: Medium Scallops.

Liquidity mining (45%)
Core Scallop contributors (15%)
Development & operations (4%)
Advisors (1.5%)
Investors & strategic partners (15%)
Ecosystem/community/marketing/airdrop (7.5%)
Liquidity (5%)
Treasury (7%).

The upcoming Scallop airdrop and TGE events mark significant moments in the dynamic SUI blockchain ecosystem. Backed by strong support and offering advanced features for seamless asset transfers, Scallop presents attractive opportunities for investors and users alike. With the distribution of SCA tokens across various categories, including liquidity mining and strategic partnerships, Scallop is positioned as a leading player in the evolving DeFi landscape within the SUI network.

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*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.