# April

Hello and Welcome to the latest edition of Scallop’s Monthly round-up, where we keep you up-to-date on all the exciting developments happening in our ever-evolving ecosystem. Crypto finally seems to be bouncing back after a choppy 2022. DeFi’s Total Value Locked (TVL) has risen by an impressive [37.44%](https://dappradar.com/blog/dappradar-dapp-industry-report-q1-2023-defi-nft-crypto/#Chapter-2) from the previous quarter, reaching a staggering $83.3 billion. This indicates a growing interest in decentralized finance. At Scallop, we closed this month on an optimistic note. We are thrilled to share all that happened at Scallop in April!

### Egg-cellent Easter Giveaway Winners! <a href="#id-926d" id="id-926d"></a>

First off, we want to thank everyone who participated in our [Easter Giveaway](https://twitter.com/ScallopOfficial/status/1643581750361112579?s=20). Your creativity was egg-ceptional, and we loved seeing how you incorporated our logo into your holiday celebrations. Congrats to our five lucky winners who each received 300 $SCLP.\


<figure><img src="https://1429201852-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJeLnDCVwKFJtv9KdtZcs%2Fuploads%2F6tY9xHDIbhhYyI4XyudR%2Fimage.png?alt=media&#x26;token=0770f653-9572-49d9-b52f-df91c0da2858" alt=""><figcaption></figcaption></figure>

Now, let’s dive into what’s been happening at Scallop. Our team has been working tirelessly to ensure that everyone should have access to financial services. Taking another significant step in this direction was partnering with Tell.money.

### **Bitmart Listing and an engaging Telegram AMA** <a href="#c427" id="c427"></a>

Great news for the Scallop community! The [SCLP token](https://www.bitmart.com/trade/en-US?symbol=SCLP_USDT\&layout=basic) was recently [listed on the Bitmart exchange](https://twitter.com/ScallopOfficial/status/1644223929949782017?s=20), providing even more opportunities for traders and investors to get in on the action.

The CEO, Raj Bagadi, recently participated in an Ask-Me-Anything (AMA) session ahead of the brand’s listing on the Bitmart exchange, and it was a fascinating glimpse into the Scallop ecosystem.

During the session, Bagadi fielded a range of questions from the community, providing valuable insights into Scallop’s products, the SCLP tokens, and even the brand name itself. Did you know that the name Scallop was inspired by the sea creature of the same name? And that the pearl, which is also associated with the Scallop, is the token symbol?

So if you’re willing to dive deeper into the world of Scallop, be sure to read the recap of the full AMA session [here](https://blog.scallopx.com/amas/scallop-x-bitmart).

### Tell.money partnership to drive financial inclusion <a href="#e54a" id="e54a"></a>

One of our major milestones this month was [partnering with Tell Money](https://twitter.com/Tell_Money/status/1641013949725306880?s=20), a company that shares our vision of financial inclusivity. Tell.money is already a leader in the open banking space, providing cutting-edge tools for account providers to meet their regulatory obligations while offering exciting features to their customers. Our partnership will allow us to expand our reach and offer even more services to our customers.

{% embed url="https://twitter.com/Tell_Money/status/1641013949725306880" %}

### All about regulations and business growth in the latest AMA <a href="#a839" id="a839"></a>

Did you tune in to our[ AMA](https://twitter.com/ScallopOfficial/status/1648599818460188672?s=20), where CEO Raj Bagadi shared his excitement about the recently passed **Mica regulations in Europe that** will bring more uniformity and stricter rules to the crypto industry. We are also happy to share that we have already onboarded **10k users and five B2B partners**, with more to come.

Additionally, Scallop is a proud **sponsor of the Crypto Banter** show on YouTube and we anticipate more attention in the coming months. We have also secured **a spot in the top 25 exchanges** with our listing on Bitmart. Scallop is making progress and letting our actions speak for themselves.

Next, let’s take a closer look at two key areas of the Scallop platform — Scallop Learn and Scallop App tutorials — to help you stay on top of your crypto game.

### Scallop Learn- Boost Your Crypto Knowledge <a href="#id-71bd" id="id-71bd"></a>

Scallop Learn is a section of our platform dedicated to providing in-depth articles, guides, and resources to help you stay up-to-date with the latest developments in the crypto world.

In our latest Scallop Learn articles, we explored the [future of business payments](https://learn.scallopx.com/guides/crypto-intermediate/the-future-of-business-payments-how-crypto-payment-partners-are-leading-the-way) with crypto payment partners, delved into the [world of neobanks](https://learn.scallopx.com/guides/crypto-basics/what-is-a-neo-bank) and explored [how banks can thrive in the digital age.](https://learn.scallopx.com/guides/crypto-advanced/unlocking-the-cryptocurrency-potential-how-banks-can-thrive-in-the-digital-age) We also took a closer look at the popular [crypto card](https://learn.scallopx.com/guides/crypto-intermediate/what-is-a-crypto-card-how-does-it-work) trend and how it works. Check them out on our [Learn](https://learn.scallopx.com/guides/welcome-to-scallop-learn) platform.

### Scallop App Tutorials- Mastering the Platform <a href="#c078" id="c078"></a>

At Scallop, we pride ourselves on creating a user-friendly platform that’s easy to use, whether you’re a crypto expert or just starting out. Our [Scallop App tutorials](https://www.youtube.com/playlist?list=PLqA0VoObs8d0cNRS4csKOTBfy3ygNeQB1) are designed to help users get the most out of our platform.

In our latest Scallop App tutorial, we focused on [how to easily send and receive crypto on our app](https://www.youtube.com/watch?v=ZjBn4MQJ9dA) and[ how to activate the auto-top up feature](https://www.youtube.com/watch?v=STPwjiaUxts\&list=PLqA0VoObs8d0cNRS4csKOTBfy3ygNeQB1\&index=8).

<figure><img src="https://1429201852-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJeLnDCVwKFJtv9KdtZcs%2Fuploads%2Faf38gAIIfFOQmfBcFyvA%2Fimage.png?alt=media&#x26;token=51f0fed6-2c2a-44ba-9c85-739f372e49a3" alt=""><figcaption></figcaption></figure>

### Scallop Chain updates <a href="#eb88" id="eb88"></a>

Hold your hats! We are excited to introduce a biometric facial recognition-based bridge that allows for seamless token transfers across multiple chains, including BSC, ETH, and MATIC. And with enhanced security through a unique authentication system, you can rest assured that your transactions are safe and secure.

But that’s not all — Scallop Chain is constantly pushing the boundaries of innovation, and their latest video showcases the successful testing of phase 1 of the biometric bridge, featuring a thrilling demonstration of a ZKRollup transaction using the Scallop wallet. Sending EUR E-money tokens has never been smoother, with hashed-on chain details and wallet utilities providing unparalleled trust and transparency.

So what’s next for Scallop Chain? Exciting integrations are already in the works, making it a platform to watch in the world of blockchain and cryptocurrency.

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### Wrapping up! <a href="#id-12d6" id="id-12d6"></a>

That’s it for this month’s Scallop wrap-up! We hope you enjoyed learning more about Scallop. Remember, at Scallop, we’re always working to improve our platform and provide our users with the best possible experience. Watch this space, and don’t miss out on the latest Scallop news and updates! See you in the next edition!
