Scallop announces token economics, 7.5% of SCA tokens are used for airdrops and other activities
Sui ecological lending protocol Scallop announced the SCA token economics, with a total supply of 250 million tokens, of which 45% is used for liquidity mining, 15% is allocated to Scallop core contributors (founder team contributors), 4% is used for development and operation, 1.5% is allocated to advisors, 15% is allocated to strategic investors and partners, 7.5% is used for the ecosystem, community, marketing and airdrops, 5% is used for liquidity, and 7% is allocated to the treasury. SCA is the core token of Scallop, which will be distributed to users as an incentive measure to encourage active participation and contribution to the ecosystem. Scallop allows token holders to stake and receive voting custody of SCA, also known as veSCA.
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