ScopulyPrice

(SCOP)

Scopuly is a non-custodial Stellar DeFi wallet and a decentralized exchange (SDEX). It empowers users to manage their crypto assets by buying, storing, investing, trading, and facilitating payments and transfers globally. The platform supports transactions in various digital currencies, enables trading on its decentralized exchange, and offers token issuance and comprehensive Stellar account management functionalities. Its design prioritizes user control over assets and efficient financial operations.

SCOP is the native utility token for the Scopuly platform, built on the Stellar blockchain. Its main functions include providing access to premium services like the Crypto Card and facilitating staking and automated market maker (AMM) liquidity mining. Token holders also receive cashback on card payments, discounts on fiat exchange fees, and rewards for active trading. Furthermore, SCOP enables participation in platform governance through voting on development proposals and enhances referral program payments.

To acquire and hold SCOP tokens, users first need a Stellar address, which can be conveniently created directly within the Scopuly platform. This address must then be activated with a minimum amount of XLM, and a Trustline specifically for SCOP needs to be established. Once these prerequisites are met, users can easily purchase SCOP tokens directly with XLM on the platform's integrated exchange.

Users can earn with SCOP tokens through several mechanisms. Simply holding a minimum amount of SCOP allows for daily annual percentage yield (APY) earnings. For potentially higher returns, users can deposit their SCOP into liquidity pools, participating in AMM (Automated Market Maker) activities. Scopuly also incentivizes active participation through various reward programs designed for token holders, liquidity providers, and traders, alongside a referral program that boosts earnings.

Scopuly maintains a non-custodial approach by ensuring that the user's secret key is stored exclusively with the user. It is only temporarily held in an encrypted format within the device's local storage for signing transactions and is never transmitted or stored elsewhere. However, if a user loses their encryption password or recovery token, the wallet cannot be restored. Users bear the full responsibility for securely backing up their recovery data on external physical media to prevent irreversible loss.

Scopuly stands out with its comprehensive suite of features built on the Stellar network. Its uniqueness stems from offering global payments in both digital and fiat currencies, alongside robust trading capabilities on the Stellar Decentralized Exchange (SDEX). Key advantages include its non-custodial nature, ensuring users always control their assets, and the Stellar network's inherent benefits of fast (2-5 seconds) and extremely low-cost transactions. The platform also emphasizes a user-friendly interface for managing Stellar accounts and issuing tokens, making advanced DeFi accessible.