SCA, a DeFi Protocol, Will Be Listed on CoinW Exchange

CoinW is listing SCA, Scallop’s governance token, on February 17th. Users can trade SCA/USDT and participate in the 3,000 USDT “SCA Bounty Program.” Scallop is a leading DeFi platform on Sui with a $180M TVL.

Dubai, United Arab Emirates, 19th Feb 2025 – CoinW, the world’s pioneering cryptocurrency trading platform, will list SCA, a DeFi protocol, on SUI Zone. For all CoinW users, the SCA/USDT will be officially available for trading on February 17th, 2025, at 11:00 (UTC). To celebrate the listing of SCA, we are launching the “SCA Bounty Program” event with a reward pool of 3,000 USDT.  

Scallop: A Premier All-in-One DeFi Platform on Sui 

Scallop is a leading DeFi platform on the Sui blockchain, boasting a total value locked (TVL) of $180 million and offering seamless crypto-fiat integration. Through its suite of products – Scallop Pay, Earn, and Bank – Scallop provides users with high-yield lending, low-fee borrowing, and advanced AMM tools, creating a comprehensive DeFi experience. The platform’s upcoming CEX listings of its governance token, $SCA, will offer users fee discounts and staking rewards, further enhancing the benefits of participation. 

Strong Backing and a Multi-Product Ecosystem Drive Scallop’s Growth 

Scallop is backed by prominent investment organizations, including KuCoin Labs, HashKey Capital, CMS Holdings, and DWF Labs. Multiple funding rounds have been completed to enhance platform security, expand market reach, and develop innovative new products. This support, combined with a diverse ecosystem offering Earn products, crypto payment solutions, and lending services, positions Scallop to appeal to a wide range of users seeking diversification within decentralized finance. 

Allocation and Distribution 

The $SCA token distribution prioritizes long-term ecosystem growth and community participation. 45% of the tokens are allocated for liquidity mining, distributed through incentive programs with a decreasing monthly release. 15% is reserved for the Scallop project contributors, locked for one year and then linearly released over three years. Strategic partners/investors receive 15% of tokens, gradually unlocked over one to three years. Remaining tokens support development, marketing, advisors, and liquidity needs, ensuring a balanced and sustainable ecosystem. 

Token Utility: Governance, Discounts, and Rewards 

The $SCA token empowers users within the Scallop ecosystem through multiple utilities. Holding $SCA enables participation in decentralized governance, allowing users to vote on key platform parameters. Users also benefit from fee discounts on various Scallop services, including payments, exchanges, and lending. Furthermore, $SCA holders can stake their tokens to earn additional rewards and access priority services within the Scallop platform.  

Register and Deposit – Stack Your Rewards!  

New users registered during the event, who traded SCA/USDT no less than 100 USDT will receive a random airdrop of 3 USDT worth of SCA! Additionally, users who deposit more than 100 USDT will receive an extra 3 USDT. It’s on a first-come, first-served basis till all are given out, so don’t miss out!    

To celebrate the listing, 3,000 USDT equivalent SCA prize pool has been up for grabs from February 17th, 2025, at 11:00 (UTC) to February 24th, 2024, at 16:00 (UTC). By participating in events such as registration, trading, and community events, CoinW users have the opportunity to share in a prize pool of 3,000 USDT. To claim your rewards, please click here.  

About CoinW  

CoinW is a pioneering crypto trading platform that prioritizes security, transparency, and user-centric principles. With advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, the company has amassed a broad user base to become one of the world’s most secure crypto exchanges. Committed to security, transparency, and compliance, the CoinW exchange upholds the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, you can visit the official website, and follow CoinW’s Twitter Account, Btok, and Telegram Group.  

About SCA    

Scallop is a top-tier DeFi platform on Sui, offering seamless crypto-fiat integration via products like Scallop Pay, Earn, and Bank (TVL: $180M). 

Media Contact

Organization: CoinW

Contact Person: Angelo Tan

Website: https://www.coinw.com/

Email: Send Email

City: Dubai

Country: United Arab Emirates

Release Id: 19022524055

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