Scotty Explains What SCOTTY Token is and What You Need to Know About It
I want to share brief gen regarding my first token. True Cryptonians and NFT beaming enthusiasts, please meet $SCOTTY.
Before we dive into details, though, I suggest you take a quick look at the token specs:
Token Ticker: SCOTTY
Token Type: BEP-20
Hard Cap (USD): $4,837,500
Token Supply: 750,000,000
Initial Circulating Supply: 10,875,000
Initial Circulating Supply: 1.45%
Initial Market Cap (USD): $435,000
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Ok, now tell me something. “Have you ever heard the Latin saying Per Aspera Ad Astra meaning Through Adversity to the Stars?”
Well, when I, as the inventor of the world’s first cross-chain NFT Teleporter, started musing about issuing my token a long time ago, I encountered certain difficulties. They mostly pertained to the token distribution methods the existing models have to offer.
Specifically, my concern was regarding the aspect of investors NOT getting their coins after the purchase. In accordance with this model, investors send money to the IDO’s (Initial DEX Offering) smart contract and receive the tokens when they get unlocked.
So, while I was going over ideas that would help me fill my token with life, I ran into the concept I found fascinating. Its idea appealed to the solution allowing investors to earn using locked tokens. Yes, you read that right.
And then, I remembered how Dutsy once asked me about the continuous improvement concept. Back then, I didn’t know about it, so I contacted her. That’s how I discovered the Kaizen.Finance platform. The platform lets projects such as mine automate token issuance and distribution to investors and set up vesting schedules, thereby enabling the trading of locked tokens.
“The missing piece to my puzzle!” I screamed joyfully.
I’m thrilled to tell you how it works. The real beauty of such a model is that you immediately become a complete asset holder by getting locked SCOTTY. According to Kaizen’s design, locked tokens can be sold, staked, and exchanged on kDEX, Kaizen’s Decentralized Exchange.
You can also exchange locked SCOTTY tokens, send them to third parties, sell them on the secondary market, etc.
Now, let me speak a bit of the utility value and benefits I introduced into SCOTTY.
Not only a SCOTTY token allows you to cover fees associated with NFT teleporting, peer-to-peer exchanging and trading, and NFT validation, but you also get discounts and bonuses for NFT staking.
Plus, with my NFT teleporting technology instead of NFT bridging, you get faster trading speeds, lower trading costs, and improved transactional privacy resulting from reduced metadata.
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Well, I hope this info was enough for the first entry tied to the SCOTTY token, and it will help jumpstart your engagement in public offerings.
Let’s beam to a better future of metaverse together.
Scotty over and out.