Shine ChainPrice

(SC20)

Shine Chain (SC20) is the native cryptocurrency of the Shine Chain network. This network operates as a Proof-of-Stake (POS) EVM Blockchain, which was architected using the robust Polygon Matic codebase. The project was initially conceived in 2021, and after its V1 operated for approximately one year, the network subsequently launched and deployed its enhanced V2. SC20 functions as the foundational token for its comprehensive ecosystem.

The SC20 token serves multiple essential utilities within the Shine Chain ecosystem. It is primarily used to cover network validation fees on the Shine Chain and enables participants to receive rewards through staking, acting as validators, and farming activities. Additionally, SC20 facilitates payments for fees within the Shine Rocket platform. Its broader ecosystem utility extends to supporting Digital Bank transactions via SHINE BANK, powering Candy Swap (their official Decentralized Exchange), serving as a medium for token launches on its Launchpad, and integrating with Rocket Launch, an AI solution tool designed for cryptocurrency projects.

The Shine Chain blockchain is engineered for efficiency and high performance. It features notably low gas costs, ensuring economical transactions for users. Technically, the network is designed to handle a capacity of up to 10,000 operations per second, showcasing its high throughput capabilities. Furthermore, the blockchain achieves rapid transaction finality, validating blocks every 2 seconds. Its operational security and consensus mechanism are maintained through a robust Proof-of-Stake (POS) protocol, which allows for energy-efficient and scalable network operations across the ecosystem.

The SC20 token has a defined maximum supply cap set at 21,000,000 units. Regarding its circulating supply, while there was a period of zero circulation, other information indicates a current circulating supply of 3,000,000 tokens. The remaining portion, specifically 18,000,000 tokens, is held within vesting schedules. These vested tokens are designed to be released into circulation through an annual mechanism that contributes 600,000 tokens per year, ensuring a managed and predictable supply flow over time.

Shine Chain (SC20) tokens are accessible for acquisition and exchange through various cryptocurrency platforms. Users can purchase or sell SC20 on centralized crypto exchanges such as LBank. Additionally, for those who prefer decentralized avenues, the token can be obtained on decentralized exchanges (DEXs). This process typically involves first acquiring a popular base cryptocurrency like Ethereum or a stablecoin on a centralized exchange (such as LBank), and then transferring these assets to a compatible crypto wallet to facilitate trading on a chosen DEX.

The growth potential for SC20 is significantly influenced by several key factors. A general positive trend in the broader cryptocurrency market can notably impact its prospects. Crucially, its long-term development trajectory depends on its increasing integration into real-world applications, demonstrating tangible utility beyond its current ecosystem functionalities. Furthermore, the formation of strategic partnerships with other projects, businesses, or organizations can expand its reach, enhance its features, and drive greater adoption. These elements are vital for fostering sustainable growth and increasing its relevance within the evolving Web3 landscape.