ScaleSwap is a v2 platform that offers a new way to invest in cryptocurrency. It can be defined as an alternative to Ethereum blockchain technology.
In this article, we will discuss:
What is Scaleswap (SCA)?
Scaleswap is a fully decentralized IDO (Initial Offering DEX) launch platform that aims to facilitate fundraising and trading at scale.
Harnessing the power of an advanced scheduling protocol blockchain At layer 2, Scaleswap already has investments from several top-tier venture capital firms such as Spark Digital Capital and Magnus Capital. The new platform is described as the most advanced way to invest with new and exclusive features, making investing in pools easier and more transparent.
What is an Initial DEX Offering (IDO)?
A DEX Initial Offering (IDO) is a type of decentralized and permissionless crowdfunding platform, which is opening up a new way to raise funds in the crypto space. If a project is launching an IDO, it means that the project is launching a coin or token through a decentralized liquidity exchange or IDO platform. Traders can exchange between different crypto assets and stablecoins based on market conditions. IDO platforms allow companies to launch a token and access immediate liquidity.
Fundraising is a vital part of initial project development – teams need to pay their employees and pay for partnerships or new technologies. In the real world, this is done through public equity offerings that invite investors to buy shares in a company. That money goes to the employees who develop the business and increase the stock values.
That fundraising method has moved over to cryptocurrency, with tokens replacing stocks. Each project offers a set amount of tokens divided into different routes such as team payouts, public usage, and more.
Scaleswap's IDO Launchpad
Scaleswap is a community-driven IDO launchpad focused on transparency with a long-term vision to transform the current IDO approach into a more sustainable and less market-dependent system that honors loyalty. It deploys an Ethereum layer 2 scaling protocol developed by Polygon that allows users to enjoy low fees and convenience.
What makes Scaleswap different from other launchpads?
SCORE Scale
One of the key differentiators of Scaleswap is that they switch from pure lotteries and only value the amount of tokens that are held to a multidimensional loyalty scoring system where users can earn guaranteed participation in pools over time. In contrast to its competitors, holding $SCA tokens is just one of six dimensions used to measure loyalty and participation. And not all criteria are related to the $SCA token. The system is designed to ensure that supporters most committed to your mission are always rewarded (rather than simply favoring those with bigger budgets).
ScaleSCORE will be the core element of the platform and the deciding factor to unleash all the wonderful benefits in the Scaleswap ecosystem – private pool membership, advanced platform features (i.e. autopilot membership feature), determining voting power in your DAO , being considered in partner weighted airdrops, and more.
Transparency
The team knew that most IDO launch pads are not known for their fairness and transparency. As such, Scaleswap aims to change that in a major way by setting new standards for fairness, transparency, and a fully community-governed launch pad (in a DAO that is legally supported by a foundation).
Advanced technology and seamless user experience
The Scaleswap platform makes use of the most advanced technical solutions, while providing a state-of-the-art user experience that eliminates many of the common barriers to entry that DeFi users face. There will be no further charges for network usage by larger players. Scaleswap provides everyone with truly open access to an affordable, easy-to-use and fair IDO experience to support the successful launch of innovative blockchain-based projects.
Ethereum Tier 2 Scaling
Scaleswap is powered by Polygon's Ethereum Layer 2 solution, fully customized with unique features to offer IDO participants lower fees, instant transaction execution, and a dramatically improved DeFi experience. Polygon, backed by Coinbase and Binance, is the leading Tier 2 aggregator for Ethereum and is providing Scaleswap with full technical and marketing support. The team also actively researches and tracks progress in developing additional cutting-edge scaling solutions and other protocols for potential future integrations.
Security
Scaleswap's technology team is led by co-founder Stanislav Stolberg, who has an extensive background in information security and places the greatest possible emphasis on this area. They use a security-by-design development approach and utilize a number of high-level external consultants who continually review the code and infrastructure.
Hacken, a top-tier cybersecurity firm and leader in the blockchain security industry, has completed a code review and security analysis of Scaleswap's smart contracts. Hacken gave his smart contracts the highest possible rating of “well protected”, having discovered zero critical issues. Their full findings can be viewed here.
Cross Chain Integration
The team has positioned itself as an Ethereum tier 2 platform, but will indeed integrate vital opportunities from multiple chains/bridges in the future, allowing users to participate in multiple blockchain ecosystems. Scaleswap has already integrated with BSC and Fantom. Potential candidates for future integration include Solana, Avalanche, Polkadot and CasperLabs.
Strong infrastructure for business flow
Scaleswap has been diligent in gathering elite support from strategic partners to ensure a strong network (for Scaleswap and its launch partners), CEX listings, influencers and most importantly, business flow. In order to break out of the current system and establish a fairer and more sustainable approach, it was imperative to carefully select the most suitable partners who could provide the strongest networks and the greatest added value to ensure a consistent flow of business from the highest quality projects.
Scaleswap IDO process (SCA)
Scaleswap's IDO consists of 2 pools – a publicly available pool and a private pool. The private pool is only for your loyal members who have a certain amount of scaleSCORE. To gain access to the private pool, you need to be among the first hundreds of the scaleSCORE ranking.
The team will investigate the blockchain to calculate and rank each of the whitelisted participants using their scaleSCORE metrics. An excel spreadsheet for the rankings will be published a few hours before the start of the IDO. The first few hundred will be guaranteed a seat at the IDO, but will need to participate in the IDO within the first 15 minutes of the sale, or the seat will be given to the next 50 rankers.
SCA token
SCA is Scaleswap's native ERC-20 token. It is a pure utility token that will enable and enable a multitude of use cases.
Pool Participation
SCA token holders will get allocation into pools based on their ScaleSCORE. Achieving a high enough score will guarantee maximum allocation across all preferred pools.
Leadership
The $SCA token holders will build the governance organization within ScaleDAO, which is planned to be built on MetisDAO's latest Tier 2 DAO platform. Voting power on the DAO will be weighted based on the ScaleSCORE.
Platform fees and token burning
Scaleswap pool fees must be paid in native $SCA token and will later be burned after using the utility. This is an organic way of burning tokens similar to consuming a voucher and remains within the framework of an actual utility token. Therefore, it is easier to avoid any additional “buy and burn” activities.
air launches
Airdrops have always been a popular way for projects to accelerate initial growth. The airdrop for $SCA token holders takes all the guesswork out of the equation as the distributions are weighted by ScaleSCORE. This ensures two things: the most loyal members of the community are always rewarded and the project's airdrop tokens are onboarding the most proven and strong supporters.
Scaleswap's Growth Potential (SCA)
Polygon grew massively in late 2021, with more daily active users than the Ethereum network for the first time. This would mean greater potential for $SCA as user growth would attract more protocols for release on the Matic and work with release platforms such as Scaleswap.
Scaleswap recently partnered with Nasdaq listed company WISeKey International Holding Ltd to successfully launch the NFT platform WISe.Art. The NFT platform and technology stack enable the tokenization of digital and physical assets in the form of NFTs with platform governance and utility managed by WISeKey's own TrusteCoin utility token (TEC DAO Token).
Scaleswap will also become the first player on the market to implement encapsulated NFT technology in its new product: wNFT pre-IDO Launchpad multi-chain.
At the same time, Scaleswap is working on integrating crucial opportunities from multiple chains or bridges in the future, allowing the community to engage in different blockchain ecosystems that will expand its reach beyond the Polygon ecosystem. Scaleswap is consistently working behind the scenes with its technology partnerships and integration, promising much potential growth to come.
Where to buy SCA token?
SCA cryptocurrency can be traded on the following exchanges:
- Uniswap (V2)
- Quick Swap
Conclusion
The IDO landscape is riddled with unsustainable motives, lack of transparency, exploitation of community members and lottery mechanisms based on sheer luck. Being able to participate in IDO launches is heavily budget-oriented, often mirrored in tiered structures – with one basic principle: the more native token you own/bet, the more rights you have.
Scaleswap is the first truly fair IDO launch pad, focused on transparency and a long-term vision to transform IDOs into a more sustainable, market-independent and community-oriented launch strategy where fair treatment and remuneration of loyal community members are the highest priority.
