APPLICATION OF FUNDS
Funds raised in the Initial Exchange O ering (“IEO”) will be applied to the development of the Scotcoin ecosystem through recruitment of an experienced management team and for promotion of the Scotscan.io trading platform that enables gas-free transfer of tokens amongst holders using the platform.
Individuals, communities and organisations in need of fi nancial assistance will be able to apply for a grant from The Scotcoin Project CIC (“TSP”) to be used to help improve their financial wellbeing and economic prospects.
HOW IS SCOTCOIN DIFFERENT?
Scotcoin is a cryptocurrency with a social purpose; it is directly associated with TSP: a long-established advisory and funding hub offering support in addressing systemic poverty and urgent environmental issues. Scotcoin intends to develop its role in promoting a more equitable distribution of wealth and improving the fabric of society initially in Scotland but subsequently on a larger stage. Participation in the Scotcoin ecosystem will facilitate these objectives and you will become part of a global community of over 7,000 token holders who also share this ambition. It is a token with multiple application channels across the ethical space.
A CRYPTO WITH SOCIAL PURPOSE
Scotcoin is simpatico with Scotland’s long established tradition of support for social justice, economic fairness and welfare.
The Scotcoin ERC20 token can be a store of value as savings, exchanged for purchases of goods and services or traded for other cryptocurrencies or for fi at (USD, GBP, EURO).
THE SCOTCOIN CARBON OFFSET
The COP26 summit produced the Glasgow Climate Pact (GCP), which was unanimously agreed to by all participating countries.
TSP embraces the objectives enshrined therein and intends to provide a carbon o set service that will enable carbon credits to be bought using Scotcoin as a method of payment.
THE SCOTCOIN ECOSYSTEM
The IEO proceeds will be applied to developing an ecosystem which will include our preferred partners in the food, clothing and shelter sectors and those individuals, communities and organisations in need of financial assistance, to develop our carbon offset platform and to pay the costs associated with the IEO.
Our partners will accept Scotcoin in exchange for the supply of goods and services. The Scotscan.io intra token solution will enable a frictionless and zero cost trading environment whether in store or online. TSP‘s management team intends to deliver a rapid expansion in our preferred partnership program thereby increasing the velocity of Scotcoin transactions across the ecosystem.
1. It is already an established cryptocurrency which has existed since 2013.
2. There are already over 7,000 holders of Scotcoin throughout the world and this number continues to grow.
3. We are developing a solid brand, crafted in Scotland with global reach and appeal.
4. Experienced and professional management committed to developing the ecosystem.
5. Operating in the ethical and social space.
6. A peer-to-peer gas-free payment system.