Scallop is thrilled to announce the details of its private round sale offering of $SCLP tokens to the MahaDAO community. This will be an exclusive offering to the MahaDAO community as part of their partnership-incubation with MahaDAO and their prospective integration of $ARTH into its DeFi banking ecosystem.
Scallop is delighted to offer the MahaDAO community participation in an exclusive private round sale of the Scallop token, $SCLP. They have created a pledge form for community members to detail the amount they wish to invest. They will use the form to gauge interest and analyze community interest ahead of the private sale.
Scallop mission is to accelerate the transition to a more equitable and decentralized financial system by providing the tools for the mainstream adoption of cryptocurrencies, with a fully secured and regulated DeFi banking ecosystem. They begin with their product launch in September 2021 in the EU and UK for 747m potential users and will expand into Asia in Q1 2022.
Scallop houses the storage of cryptocurrencies and fiat under a single roof, for the very first time. Users can securely store their fiat money in a banking account or their cryptocurrencies in digital or hardware wallets. The seamless interchange between the two provides the foundation for all interaction within the Scallop.
The business development of the Scallop and MahaDAO incubation will consist of the integration of the ARTH value coin into the Scallop ecosystem. It will be one of the primary stablecoins available to users and can be used as medium of exchange across the entire platform.
Users can hold money in ARTH in their Scallop wallets to benefit from protection against inflation or select it for use in Scallop Earn. Scallop Earn offers users interaction with DeFi protocols such as Compound, dYdX and Aave directly from their banking accounts. They can earn high yields on their savings, for which interest can be received in ARTH.
Scallop is a DeFi enabled neo-bank that utilises blockchain at its core to provide a safe and secure solution to bridge the gap between traditional and decentralized financial systems.