SCOP token functionality, features and tokenomics

7 min readOct 23, 2021

SCOP TOKEN

SCOP is an access, governance and liquidity token.

SCOP rewards users, holders, traders, liquidity providers, ambassadors and contributes to the growth of the Scopuly community and ecosystem, as well as providing access to some of Scopuly’s special services.

SCOP tokens will be distributed to Stellar users through holder rewards, liquidity providers, staking rewards, trader rewards, cashback, referral program, airdrops and various initiatives aimed at fair distribution of tokens and community growth.

SCOP distribution will last for several years and will occur on a monthly basis.

ASSET INFO

10,000,000,000 SCOP tokens (fixed) were issued on 16 August 2019 22:35:07. The issuer’s account is permanently blocked and the issue of tokens is not possible. Confirmation: https://scopuly.com/transaction/a578a9e895a28198793d48087977e0fd638f43350659c8fd30e0a491dc51a716.

🔹 Asset Name: Scopuly Token

🔹 Asset Code: SCOP

🔹 Asset Issuer: GC6OYQJIZF3HFXCYPFCBXYXNGIBQ4TNSFUBUXQJOZWIP6F3YZK4QH3VQ

🔹 Total Supply: 10B

🔹 Domain: scopuly.com

🔹 Supply Status: Locked

🔹 Token Type: Stellar

🔹 Toml file: https://scopuly.com/.well-known/stellar.toml

WHY ASSET SCOP

HOW THE SCOP TOKEN HELPS SCOPULY DEVELOP

Marketing Tool
The token is a powerful marketing tool for attracting new users through rewards, referral programs, bounties, loyalty programs, sweepstakes, contests, and other marketing promotions.
Helps new users
The token helps new users get to know the Scopuly platform, as regular token giveaways encourage new users to create a Stellar account and try how it all works.
Understand Stellar better
Regular free giveaways of SCOP tokens help new users create wallets faster, join and use Scopuly. This allows for a better understanding of Stellar and decentralized finance in general.
Community growth
Community and ecosystem development Scopuly. The SCOP token plays an important role in maintaining the dynamic and decentralized development cycle of the Scopuly ecosystem.
Promote Scopuly
The token helps promote the project through listing on exchanges and aggregators such as CoinMarketCap, CoinGecko, and others. This opens up new channels for marketing.
Fundraising
The token is a useful tool to help raise funding for the development, growth, and scaling of Scopuly. The decentralized nature of SCOP allows anyone to join and buy tokens.

TOKENOMICS SCOP

FUNCTIONALITY AND ADVANTAGES OF SCOP

The SCOP token plays an important role in maintaining the dynamic and decentralized development cycle of the Scopuly ecosystem.

The main functions of the token:

Access to the Crypto Card service.
Access to staking and AMM (liquidity mining)
Cash back for Scopuly Card payments.
SCOP provides a 25–100% discount on fiat exchange transaction fees.
Awards for active SCOP traders.
Increased payments for the referral program up to 20%.
Rewards for providing liquidity for the SCOP markets (staking, AMM).
Rewards, giveaways, bonuses, loyalty points and other incentives.
Participate in the management of Scopuly development by voting.
Required to start and participate in IDO projects on Scopuly Launchpad.
Access to future services of the Scopuly platform.

The functionality and value of SCOP tokens will expand as the SCOP markets and the Scopuly ecosystem develop.

65% ON REWARDS AND AIRDROP

65% of the total SCOP supply will be owned by the community. We have allocated 55% of the total SCOP offering to ecosystem rewards and 10% to the airdrop giveaway. Scopuly users and SCOP token holders are part of the community and we strive to create a community driven product and economy.

These awards will be presented to the community through various programs and events over the next several years.

1. Airdrop & Community

10% will be distributed between active Stellar addresses for an indefinite period of time until all 10% of the tokens are distributed. Another 10% will be awarded for contributions and participation in the development of the Scopuly community.

2. SCOP Holders’ Rewards

We have allocated 5% to reward SCOP asset holders (staking). The Scopuly team will take snapshots of all SCOP owners on a random day of each month and allocate SCOPs based on the amount of assets they had at the time.

3. Rewards for SCOP traders

We have allocated 10% for SCOP traders to reward traders and stimulate SCOP trading. Rewards will be distributed at the end of each month and will be based on SCOP trading volume for each verified address.

4. Rewards for providing liquidity

We have allocated 10% SCOP to liquidity providers. We are working on creating an interface for managing liquidity rates for any SCOP markets.

5. Rewards for using the Scopuly Card

We have allocated 10% of the total SCOP volume for cash back payments for each Scopuly Card payment. Wherever you are and for whatever you pay with your Scopuly Card, you will receive a SCOP cashback on every payment made on your card. We will announce more about this a little later.

6. SCOP Referral Rewards

5% of SCOP is allocated for referral rewards. We will launch a referral program for SCOP tokens and everyone will be able to receive rewards for inviting new users and SCOP holders.

Note. To qualify for rewards, the total number of SCOP assets on your balance sheet must be at least 10,000 SCOP.

We are working on the development of a special interface on Scopuly to display rewards and their details, as well as to make it easy to view the received rewards by connecting your accounts.

SCOP ALLOCATION

Fondation: 10%

Marketing & Ecosystem: 10%

Airdrop: 10%

Community rewards: 10%

Holder Rewards: 10%

Liquidity rewards: 10%

Trader Rewards: 10%

Cash Back (crypto card): 10%

Public Sale: 10%

Referral Rewards: 5%

Private Sale: 5%

Note. SCOP tokens will be periodically burned to reduce circulation.

The Marketing Fund will be used to fund the listing of SCOP tokens on CEX exchanges, marketing initiatives, community building and other information projects that contribute to the growth of the Scopuly community and ecosystem.

SCOP ON EXCHANGES

SCOP is traded on Stellar DEX on such exchanges and wallets as: Scopuly, Lobstr, Solar, StellarPort, StellarTerm, StellarX, Interstellar, Lumenswap, NiceTrade and other stellar wallets and projects.

The SCOP allocation has no expiration date and is directly dependent on the community’s commitment to supporting Scopuly by being active and participating in SCOP reward programs. With this community support, Scopuly distributes SCOP tokens faster, receives community feedback, improves existing and creates new services and tools for managing decentralized finance.

By purchasing SCOP tokens, you support the development of Scopuly and contribute significantly to the development of the entire Stellar ecosystem. Scopuly has been working for 4 years to develop the most functional and secure application for the Stellar Network. The future with Stellar is so exciting that our ideas flow into plans for many years to come.

We are all on the verge of tectonic changes in the public, political and financial spheres. Only together will we be able to build a more correct, strong and free future. Join the Scopuly community and participate in SCOP reward programs.

SCOP IS TRADING ON SDEX RIGHT NOW

SCOP LISTING PLANS ON CEX

We have started the process of listing SCOP on CEX exchanges. We are currently in active negotiations with a number of exchanges. We will soon announce important announcements in this direction.

We understand the importance of preserving and multiplying the value that everyone who supports Scopuly gets by buying SCOP tokens and therefore will always strive to maintain the SCOP price list.

Each new round of Scopuly evolution should bring SCOP token holders even more value, since the more people learn about Scopuly over time, support and join the project, the token and the community, the more SCOP holders become and thus the faster its popularity, applicability and as a consequence — the value expressed in the market price list.

If you hold SCOP or like using Scopuly, you can recommend your friends or acquaintances to try creating a wallet in Scopuly (1–2 minutes) and check how it all works. This will increase the value of your SCOP asset. No one will be indifferent to the speed and economy of Stellar and the simplicity and intuitiveness of Scopuly. Obviously, in the next 5–10 years, every person on earth will join the decentralized crypto economy. You can be the first to open this new interesting world for someone.

Thank you for reading this article to the end!

Links:

Website: https://scopuly.com

Twitter: https://twitter.com/scopuly

Telegram: https://t.me/scopuly

TG News: https://t.me/scopulynews

SCOP token: scop.scopuly.com