Scallop announces SCA token economics: total token supply of 250 million, of which 45% is allocated for liquidity mining

ChainCatcher news, the Sui ecosystem lending protocol Scallop has announced the SCA tokenomics, with a total supply of 250 million tokens, of which 45% is allocated for liquidity mining, 15% is distributed to Scallop core contributors (founding team contributors), 4% is for development and operations, 1.5% is allocated to advisors, 15% is distributed to strategic investors and partners, 7.5% is for ecosystem, community, marketing, and airdrops, and 5% is used for liquidity, with 7% allocated to the treasury.

It is reported that SCA is the core utility token of Scallop, which will be distributed as an incentive to users to encourage active participation and contributions to the ecosystem. Scallop allows token holders to stake for voting-escrowed SCA, also known as veSCA.