What is Scaleswap (SCA) | What is Scaleswap token | What is SCA token
In this article, we’ll discuss information about the Scaleswap project and SCA token
Scaleswap is the next generation IDO launchpad, harnessing the power of layer 2 scaling to provide innovative features and a vastly improved IDO experience. We aim to set the new standard in DeFi by making excessive gas fees a thing of the past, and re-imagining community appreciation and governance through a comprehensive scoring system that rewards loyalty and participation in 5 different dimensions.
The SCA Token
Scaleswap is a fully token-centric project with sophisticated token economics and carefully thought-out token metrics. SCA is our native ERC-20 token. It is a pure utility token that will enable and empower a multitude of use cases.
ScaleSCORE will be the core element of our platform and ensures that the most loyal and dedicated supporters of our mission are rewarded. Holding the SCA token and achieving a high ScaleSCORE is the key to unlocking all of the wonderful benefits in our ecosystem.
Let’s dive into the SCA token utility and benefits.
Pool Participation
SCA token holders will obtain allocation in pools based on their ScaleSCORE. Achieving a high enough score will guarantee max allocation in all preferred pools.
Note: Each project launching on our platform will have two pools with fully transparent conditions. One pool will be based on a traditional lottery system in accordance with the launching project’s preferences. However, the second pool will always be based on our ScaleSCORE system so that EVERYONE has the opportunity to earn their participation.
Governance
SCA token holders will build the governance organization within the ScaleDAO, which is planned to be built on the latest layer 2 DAO platform of MetisDAO. Voting power in the DAO will be weighted based on ScaleSCORE.
Platform Fees and Token Burns
Scaleswap pool fees are required to be paid in our native SCA token and will subsequently be burned after the utility is used up. This is an organic way of burning tokens similar to consuming a voucher and with this we stay within the framework of a real utility token. Therefore, we dissociate from any additional “buy-back and burn” activities.
Airdrops
The quality of a launchpad’s community is the single most important resource for a launching project. Scaleswap aims to revolutionize the community building process through an unmatched level of transparency, fairness, and appreciation. Projects launching on Scaleswap can expect access to the most passionate and dedicated community members and retail investors in this space.
Airdrops have always been a popular way for projects to accelerate early growth. Airdropping to SCA token holders takes all of the guesswork out of the equation since distributions are weighted by ScaleSCORE. This ensures two things: the most loyal community members are always rewarded, and the project airdropping tokens is onboarding the most proven and strongest of supporters.
Additional Benefits
Holders of SCA tokens with a high ScaleSCORE, also gain additional benefits such as advanced features (e.g. our autopilot participation feature) as well as new use-cases and functionality that emerge in future versions of our platform.
Will Scaleswap offer Staking?
We decided to not offer staking ourselves. We emphasize on two aspects instead:
- Heavy incentivisation of liquidity provision (first DEX Uniswap) — until a really strong liquidity is built.
- Our ScaleSCORE system which gives even more compelling reasons and benefits to continue holding the SCA token for the long-term.
What Sets us Apart from Other Launchpads?
The IDO launchpad space is indeed a competitive one. We’ve been diligent in establishing the prerequisites, substance, experience and talent necessary to not only stand out amongst the newcomers, but to also challenge our established competitors for a significant portion of market share.
1. A Sincere Community-Focused Approach
The quality of a launchpad’s community is the single most precious resource for a project during launch preparation. Scaleswap aims to revolutionize the community building process through an unmatched level of transparency, fairness, and community appreciation. Projects launching on Scaleswap can expect long-term support from the most passionate and dedicated community and retail investors in the DeFi space.
The current IDO launchpad system can’t be fixed overnight, but we are fully committed to bringing about the necessary change one step at a time. Our main promise to our community is that we will change the way things are done, especially in regards to future projects that will launch on our platform, how our community can earn participation in pools, how their continuous loyalty is rewarded with our ScaleSCORE, and how we are focused on long-term success and sustainability.
2. ScaleSCORE
One of our major differentiators is that we shift from pure lotteries and valuing only the amount of tokens that are held to a multi-dimensional loyalty scoring system where you can earn guaranteed participation in pools over time. In contrast to our competitors, holding our token is only one of six dimensions that are used to measure loyalty and participation. And not all criteria is SCA token related. The system was designed to ensure that the most committed supporters of our mission are always rewarded (rather than simply favoring those with the biggest budgets).
ScaleSCORE will be the core element of our platform and the deciding factor for unlocking all of the wonderful benefits in our ecosystem — private pool participation, advanced platform features (ie. autopilot participation feature), determining voting power in our DAO, being considered in weighted airdrops from our partners, and more.
The exact ScaleSCORE metrics will be released prior to launch so that our early community members have the opportunity to plan and prepare. Rest assured, your power on our platform will always be in your own hands.
To learn more about the SCA token utility and benefits see this article.
3. Transparency
Thus far, the token launchpad space hasn’t exactly been revered for its transparency. Scaleswap aims to change that in a major way by setting new standards in fairness, transparency and a fully community-governed launchpad (in a DAO that is legally backed by a foundation).
4. Technology Differentiators
Our platform makes use of the most advanced technical solutions, while simultaneously providing a state-of-the-art user experience that eliminates many of the common barriers to entry that DeFi users face. There will be no more getting priced out of network usage by the larger players. Scaleswap provides everyone with truly open access to an affordable, user-friendly, and fair IDO experience to support the successful launch of innovative blockchain-based projects.
5. Ethereum Layer 2 Scaling
The era of L2 scaling solutions has arrived, and Scaleswap is positioned at the forefront. We’re not merely pivoting to layer 2 as a reaction. We’ve been designing, innovating, and building there since day 1.
Scaleswap is powered by Polygon’s Ethereum layer 2 solution, fully customized with unique features for our use case, to deliver IDO participants with lower fees, instant execution of transactions, and a drastically improved DeFi experience. Polygon, backed by Coinbase and Binance, is the leading Layer 2 Aggregator for Ethereum and is providing Scaleswap with full technical and marketing support.
We also stay very active in researching and following the development progress on additional cutting-edge scaling solutions and further protocols for possible future integrations.
6. State-of-the-art UX
Scaleswap provides a seamless pool participation experience. Users will enjoy the benefits of interacting on Layer 2, with the ease and simplification of a layer 1 transaction.
7. Security
Our team is steadfast in the approach to develop a bulletproof, well audited and battle-tested platform before launching. Our Tech team is led by Scaleswap co-founder Stanislav Stolberg, who has an extensive background in information security, and places the strongest possible emphasis in that area. We use a security by design development approach and utilize several high-level external consultants who permanently review the code and the infrastructure.
Hacken, a premiere cybersecurity company and leader in the blockchain security sector, has already completed a code review and security analysis of Scaleswap’s Smart Contracts. Hacken assigned our smart contracts with the highest possible rating of “well-secured”, having uncovered zero critical issues. You can view their full findings here.
Our cooperation with Hacken will continue as we add additional layers of protection for our users through upcoming penetration testing and additional code reviews.
Our code and infrastructure is also being audited by a second renowned smart contract security company (details TBA).
8. Cross Chain Integration
We’ve positioned ourselves with our go-to-market product as an Ethereum Layer 2 Platform, but we will indeed integrate vital multi-chain/ bridge opportunities in the future, thus enabling users to participate across multiple blockchain ecosystems. Potential candidates currently include Solana, Avalanche, BSC, Polkadot, and CasperLabs.
9. Strong Infrastructure for Deal Flow
We’ve been diligent in assembling an elite backing of strategic partners to ensure a strong network (for Scaleswap as well as our launch partners), CEX listings, influencers, and most importantly, deal flow. In order to disrupt the current system and establish a more fair and sustainable approach, it was imperative to onboard the best fitting partners (VCs, advisors, etc.) to ensure that Scaleswap has the appropriate network and resources to build the community-governed launchpad that the DeFi community truly deserves.
Fortunately, our fundraising rounds were heavily oversubscribed in a matter of hours after opening, with incoming requests from more than 50 VC’s. This enabled us to carefully select the best fitting partners who could provide the strongest networks and highest value-adds to ensure consistent deal flow of the highest quality projects.
10. Additional Features in Future Versions
- Autopilot pool participation feature
- Further swap, drop and liquidity services that we can’t reveal yet
- Handover to our ScaleDAO (built as well on the most advanced DAO framework provider on Layer 2 — MetisDAO)
How and Where to Buy SCA token ?
SCA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SCA token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since SCA is an altcoin we need to transfer our coins to an exchange that SCA can be traded. Below is a list of exchanges that offers to trade SCA in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase SCA from the website: https://scaleswap.io.
The top exchange for trading in SCA token is currently …
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