Although initially synonymous with Bitcoin's and other forms of cryptocurrencies, Blockchain technology has outgrown its role in the innovation sector. There is an ever-growing list of the possible implementation of the technology that could effectively become part and parcel of our daily lives.
An excellent example of the stemming development is the release of blockchain protocols to allow for immutable transactions in a non-reversible way. ScorpioProtocol, for instance, is offering an advanced protocol that helps link the protocol layer to the application layer. Here more on the apparent change to the structure of our existing blockchain.
About Scorpio Protocol
ScorpioProtocol will enable users to transact in a non-reversible manner and on a global scale. The uses a virtual currency to facilitate the ecosystem consists of layers of applications that run programmed on the chain. In essence, the Scorpio Protocol acts as an advanced blockchain 3.0 that offers many similar services to Bitcoin but at an apparent effective rate than the latter.
The virtual currency allows for a different process within the blockchain to run effectively without users having to try hard and solve them. Some of these apparent uses of the Scorpio Protocol Network base coin include.
Dual Currency Operation
The option gives token holders within ScoprioProtocol to invest in a money market operation for both fiat and digital currencies. Consequently, this could provide a higher interest to the users compared to the standard investments in existence.
The ScorpioCoin token will also feature in the process of analyzing the patterns, trends, and insights of data according to different perspectives of the users. As such, ScorpioCoin could facilitate the collection, assembling, and analysis of data into useful information.
Besides, to allow the token holders to trade and invest, ScorpioCoin also promises investment returns that come from their value proposition plan. As such, thus makes ScorpioCoin an investment contract with potential income through the cash dividends.
Possible Application Areas With The Protocol
In addition to providing digital money, ScorpioProtocol is gradually finding applications in different fields across the supply chain, insurance, and payments. Some of the leading implementation
- Cross-border payments for individual transacting on a global scale
- Digital billing through using the power of blockchain technology
- Credit management of crypto and fiat portfolios for token holders using the ScorpioProtocol
- Asset custody and securitization by tokenizing the assets using blockchain technology. The function also applies advanced techniques to enable full control of the assets.
Scorpio Protocol SPC Coin ICO Details
Parameters Of The ICO
- ICO Date- August 1st, 2018 – August 31, 2018
- Ticker- SPC (ScorpioCoin)
- Platform- Ethereum
- Model- ERC223
- Total supply- 2,000,000,000 SPC
- Sale amount- 1,000,000,000 SPC
- Price rate- TBA
- Hard cap- 15,000 ETH
- Soft cap- 6,000 ETH
- Pre-Sale- 20%
- Crowd sale- 30%
- Airdrop– 5%
- OfficialHold- 20%
- Pre-Institution- 25%
Scorpio Protocol Conclusion
New protocols are presenting a lot of new possibilities, and the idea of ScorpioProtocol seems more focuses on confirming this notion. However, there are a lot of red flags with the project especially with the team not verified and potentially anonymous. The investment process is also not very flexible and raises the question with the need to send the investment to a wallet. Still, the idea is exciting and better off to watch out how the sales turn out before actually investing.