Scallop (SCA)

Tokenomics & Utility

SCA supply and distribution

SCA has a stated maximum supply of 250 million tokens on Sui. The largest allocation, 45%, is for liquidity mining—the distribution of tokens through participation incentives. Other allocations include 15% for project contributors, 15% for strategic partners and investors, 7.5% for ecosystem, community, and marketing work, 7% for the treasury, 5% for liquidity, 4% for development and operations, and 1.5% for advisers. These allocations total the stated maximum supply. (docs.scallop.io)

The categories have different release schedules. Scallop’s published plan describes monthly liquidity-mining releases that decline over time. Contributor and adviser allocations have an initial lock followed by gradual release, while the ecosystem and development allocations are scheduled to unlock over five years. This approach spreads much of the planned distribution across the protocol’s development period rather than releasing every token at launch. (docs.scallop.io)

Locking SCA for veSCA

SCA holders can lock tokens to receive veSCA. The amount of veSCA depends on both the number of SCA tokens locked and the length of the lock. Longer locks produce more veSCA for the same number of tokens. Its balance then falls as the unlock date approaches, and the locked SCA becomes available when the period ends. Scallop’s system allows lock periods of up to four years. (docs.scallop.io)

veSCA connects token holding with use of the protocol. It can increase a user’s share of certain incentive rewards, and Scallop describes loyalty and referral benefits tied to it. The project also presents voting as part of veSCA’s governance design. These functions give SCA an incentive role alongside its place as an asset supported by Scallop’s lending system. (docs.scallop.io)