Scotcoin SCOT Price

What is Scotcoin (SCOT)?

Scotcoin $SCOT is a cryptocurrency owned and managed by The Scotcoin Project CIC (TSP), a community interest company registered in Scotland. Operating as an ERC20 token on the Ethereum Mainnet, Scotcoin $SCOT ensures longevity and eliminates the risks associated with third-party validators. The project is designed to create a secure, efficient, and socially impactful ecosystem for its users.

Scotcoin $SCOT has been verified by Etherscan, allowing users to view, analyze, and interact with its smart contract, which has also been audited and approved by a Tier 1 exchange partner. This verification confirms the authenticity and integrity of the token. Additionally, Scotcoin $SCOT is supported by the Scotscan app, a proprietary platform that facilitates instantaneous peer-to-peer (P2P) transfers without transaction fees for app holders.

Key Features of Scotcoin $SCOT

Security and Verification

Scotcoin $SCOT’s smart contract has been audited by a Tier 1 exchange partner and received the highest rating.

Verified by Etherscan, ensuring transparency and trustworthiness.

The Scotscan app incorporates two-factor authentication and PIN protection for secure transactions.

 

Scotscan App

Available for free on Google Play and Apple stores, as well as via the Scotscan.io website.

Enables instantaneous P2P transfers of Scotcoin $SCOT with no transaction fees for app users.

Provides users with a unique @SCOT address for sending, receiving, and storing Scotcoin $SCOT.

 

Fixed Supply and Controlled Token Release

Scotcoin $SCOT has a fixed supply, ensuring scarcity and value retention.

A controlled token release program supports long-term sustainability.

 

Assured Liquidity and Durability

Operates on the Ethereum Mainnet, providing assured liquidity and durability.

Scotcoin $SCOT will be paired with USDT (Tether) on a Tier 1 cryptocurrency exchange, enhancing accessibility and trading opportunities.

 

Social Impact Focus

Scotcoin $SCOT is positioned as a social impact cryptocurrency, aiming to contribute to a more equitable society.

Preferred partners accepting Scotcoin $SCOT as payment benefit from both financial value and the satisfaction of supporting a socially responsible initiative.

 

Use Cases of Scotcoin $SCOT

Payment for Goods and Services

Scotcoin $SCOT can be used as a means of payment with preferred partners. Retailers and service providers can accept Scotcoin $SCOT in-store or online using the Scotscan app. Transactions are seamless, instantaneous, and free of charge for both parties. For example, a clothing retailer might use a unique @SCOT address like "clothing@SCOT" to receive payments.

 

Peer-to-Peer Transfers

The Scotscan app allows individuals and organizations to transfer Scotcoin $SCOT directly to one another without incurring transaction fees. This feature makes Scotcoin $SCOT an efficient and cost-effective option for transferring value.

 

Ecosystem Development

Scotcoin $SCOT’s listing on a Tier 1 exchange will facilitate its exchange for goods and services, further expanding its ecosystem. The project’s controlled token release program ensures a steady and sustainable growth trajectory.

 

Founders, Backers, and Partners

Scotcoin $SCOT is managed by The Scotcoin Project CIC (TSP), a community interest company based in Scotland. TSP is responsible for the development and management of the Scotcoin $SCOT ecosystem. The project is supported by an advisory panel that works with TSP directors to recommend grants for deserving individuals and organizations.

Scotcoin $SCOT has established partnerships with preferred partners who accept the token as payment for goods and services. These partnerships are integral to the project’s mission of creating a socially impactful and equitable ecosystem.

Conclusion

Scotcoin $SCOT stands out as a cryptocurrency with a strong focus on social impact, security, and usability. With its verified smart contract, secure Scotscan app, and growing ecosystem, Scotcoin $SCOT is well-positioned to provide value to its users while contributing to a more equitable society. Its fixed supply, controlled token release, and listing on a Tier 1 exchange further enhance its appeal as a reliable and sustainable cryptocurrency.

What is unique about Scotcoin (SCOT)?

Scotcoin $SCOT offers fee-free peer-to-peer transfers, operates as a social impact cryptocurrency, and ensures assured liquidity on the Ethereum Mainnet.

Who are the founders of Scotcoin (SCOT)?

The CEO of Scotcoin $SCOT is Temple Melville, a multi-sector businessman and blockchain advocate involved with the project since 2014.

Who are the backers/investors of Scotcoin (SCOT)?

Scotcoin $SCOT collaborates with preferred partners who accept the token as payment for goods and services. It is also supported by CryptoUK and Fintech Scotland.