Scallop’s Year in Review 2023: A Chronicle of Engagements and Milestones
Last updated
Last updated
Dive into the riveting chapters of Scallop’s journey over the past year, where each page unfolds tales of innovation, community bonds, and monumental achievements. From groundbreaking launches to heartfelt interactions, join us in celebrating a year that truly encapsulates the spirit of progress and collaboration.
In a transformative year marked by significant milestones, Scallop showcased its unwavering commitment to innovation through strategic partnerships and achievements.
Notably, Scallop integrated Chainlink Automation on the BNB Chain mainnet, elevating staking reward payouts for users. Collaborations with industry leaders such as UnoRe, Ceffu, and Pendulum underscored our dedication to revolutionising sectors ranging from insurance to traditional finance, emphasising financial inclusion and advanced security solutions. Recognition on Forbes’ esteemed list and expanded token accessibility on prominent exchanges like Binance further solidified Scallop’s position in the digital assets landscape.
Furthermore, partnerships with Carbon Browser, Reserve Block and Elfin Games highlighted our endeavors to diversify offerings, explore innovative tokenisation solutions, and pioneer advancements in the Web3 ecosystem. As a member of the Blockchain 4 Europe and collaborations with PolkaBridge , Scallop continues to drive blockchain innovation, fostering cross-community collaboration and shaping the future of decentralised finance.
In another groundbreaking collaboration, we partnered with renowned climber Kenton Cool to ascend Mount Vinson, Antarctica’s pinnacle. This historic feat further solidified Scallop’s commitment to reaching unparalleled heights in every endeavor.
In a series of strategic product launches, Scallop has significantly expanded its offerings. We introduced Scallop Card, an all-inclusive crypto debit card, epitomises convenience and accessibility for users. Our community was overjoyed and we were overwhelmed with positive reviews. The card received much attention after Crypto Banter’s Ran Neuner utilised it during his LA escapades. He was shooting for ‘Killer Whales’ (Web3 equivalent of Shark Tank). He shared his experiences and captured the card’s utility in action.
Coming to Scallop App, we are excited for our upcoming global launch. For non-EU users, the waitlist is now open! This app brings DeFi-enabled neo-banking to the mainstream and represents a pivotal step in bridging the gap between traditional financial systems and DeFi.
Complementing these innovations, the upcoming Scallop B2B app will offer unparalleled access to global accounts and cards, providing businesses with an all-encompassing platform for international accounts and payments. Further amplifying its footprint in the crypto ecosystem, Scallop introduced Scallop Ramp, a highly anticipated crypto on/off ramp solution. Ramp offers seamless integration, lightning-fast transactions, and robust security measures. It was an instant hit among users and businesses alike.
Last year was a whirlwind of milestones and celebrations at Scallop. We kicked off with a heartfelt tribute to our Indian community on their Republic Day. Our global outreach continued as we engaged with the blockchain community at the Paris Blockchain Week. There we forged connections with enthusiasts, partners, and investors. Our presence was international, highlighted by our participation in the Blockchain Economy Summit in Turkey, the largest blockchain gathering in Eurasia. Our talented team grabbed a lot of attention at the esteemed Token2049 Singapore, a premier event in the Web3 world. At the Blockchain For EU summit 2023, Raj was invited as a speaker. He floored the audience as he showcased Scallop’s vision, delving into banking in the blockchain era. Towardsyo fall, we celebrated Scallop’s two-year milestone. We unveiled the eagerly awaited Scallop Wallet in an AMA led by Raj.
On Mother’s Day, we paid tribute to mothers through a touching video, acknowledging their invaluable role in our lives.
Scallop is thrilled to close out an eventful year. We joyously embraced the Christmas and New Year festivities, gearing up for an even brighter year.
In the ever-evolving realm of blockchain and cryptocurrency, Scallop emphasises on an aware community. We have been rooting for knowledge and innovation. To this objective, we delivered many insightful articles to our readers.
Scallop’s Learn section has been a treasure trove of information from the intricacies of the Scallop Chain faucet and its underpinnings on Cosmos to a deep exploration of the intersection between blockchain and AI.
Security, an ever-present concern in the digital age, saw a spotlight with articles elucidating the nuances of privacy-enhancing technologies like Zero-Knowledge proofs and the importance of Byzantine Fault Tolerance in the Scallop Chain. Moreover, our commitment to compliance and data security was evident with pieces detailing the MiCA regulations and the vital role of data tokenisation.
For the tech-savvy investor, Scallop demystified terms like DAOs, enlightened on the intricacies of the FOMC’s influence on investments, and shed light on the potential threats posed by quantum computers to the crypto landscape.
Furthermore, we didn’t shy away from guiding its readers on practical fronts, offering insights on trading patterns, and mastering crypto jargon.
Our diverse array of articles ensures that the community is at the top of its game in the fast-paced world of blockchain and finance.
Scallop began the year with a surge of enthusiasm. CEO Raj Bagadi took center stage in an enlightening AMA session, articulating Scallop’s vision and upcoming initiatives. Concurrently, the crypto domain received further insights from our marketing expert, Shivangini Agarwal, in the Diving Into Crypto podcast with AdLunam.
The discourse expanded to encompass global financial dynamics. In an insightful AMA, Raj discussed the nuances of banking crises and the evolving landscape of global finance. This period also witnessed a collaboration with Bitmart, highlighting the essence of Scallop’s utility token and its overarching mission.
“The most effective way to shape the future is to create it.”Scallop stands at the forefront of the fintech evolution, charting the course for the next era in finance! Besides these engaging AMAs, our CEO shared his exclusive insights on embedded finance, neobanking, cybersecurity, and AI in his blog.
Raj also provided his unique perspectives on the evolving global crypto regulations and offered guidance on how to maneuver through the intricate maze of crypto regulations in one of his recent publications.
Meanwhile, engagements continued with a series of dynamic AMAs. Scallop orchestrated sessions with BitMart Exchange, fostering rich exchanges. A particularly notable collaboration was with Uno Re’s Jaskawar Singh, accentuating synergies between the two ecosystems.
Throughout the year, Scallop remained pivotal in fostering innovation and dialogue. Discussions explored the transformative potential of real-world crypto applications, avenues for passive income in Web3, and forging strategic alliances with industry leaders such as Pendulum Chain and PolkaBridge. The commitment to community engagement was evident with Bagadi’s frequent dialogues, updates, and reflections from platforms like Token2049.
The year saw Scallop celebrating its second-anniversary milestone. Bagadi, in a comprehensive session, elucidated the intricacies of the platform’s wallet features, emphasising its user-centric approach. Additionally, Kunal Karani from Scallop shared insights in a Twitter Spaces discussion, spotlighting the emerging trend of RWA in crypto alongside PolkaBridge.
Concluding the year, Scallop’s engagements spanned a spectrum of platforms and themes. Noteworthy collaborations included a panel discussion on the UK’s fintech landscape by Liminal, with Karani providing insights, and an illuminating AMA with Kucoin Russia.
We showed our love and commitment to our vibrant community by organising giveaways and contests.
1. Chinese New Year Giveaway Extravaganza: Scallop initiated a special Giveaway during the festivities in the spirit of celebration and gratitude. Lucky participants were gifted with 2 Ledger wallets. This initiative brought joy to our community and strengthened our bond with our dedicated supporters.
2. Welcoming New Brand Ambassadors: Our journey in 2023 saw Scallop embrace fresh perspectives and energies with the induction of new brand ambassadors. Their passion and commitment have further amplified Scallop’s mission and values.
3. Easter Egg-ceptional Creativity: Our Easter Giveaway was a canvas for our community’s boundless creativity. Witnessing how our logo became an integral part of the holiday celebrations for many was heartening. Kudos to our five standout winners, who walked away with 300 $SCLP.
4. Bug Bounty Ramp-Up: Under the banner of #Scallop Ramp’s #BugBounty, our testers showcased their expertise and vigilance. In recognition of their efforts, a whopping pool of 2000 $SCLP was up for grabs. The cherry on top? Three skilled winners also secured a Ledger for their contributions.
5. Thrilling Referral Campaign: Our referral campaign wasn’t just about numbers; it was about community spirit. As users united and propelled Scallop’s Twitter followers to an impressive 50k milestone, the rewards flowed in Scallop Ledgers, making the achievement all the more rewarding.
6. Engaging AMAs with Polkabridge: Engagement was the name of the game when Scallop collaborated with Polkabridge for an insightful AMA session. Participants gained valuable insights and had the chance to pocket $50 in PolkaBridge and another $50 in $SCLP.
April was a pivotal month for the Scallop Chain. In its first phase, we unveiled the Biometric Bridge, a testament to our dedication to seamless and fortified authentication. Through a sneak-peek video, we demonstrated how the biometric bridge on Scallop Chain works:
Integrate your MetaMask address with the Bridge app
Opt for your desired token network
Undergo a face recognition verification
Enhanced Security with the Biometric Bridge
Token Issuance Adherence for Regulatory Compliance
E-Money Tokens for a Fiat-like Experience
Preparations for MiCA 2024: Ensuring Compliance with Upcoming Regulations
As the curtains draw on an exhilarating year, Scallop’s narrative is one of innovation, shared triumphs, and the vibrant heartbeat of our community. Every breakthrough, every collaboration, and every milestone achieved resonates with the spirit of progress and unity. Your unwavering support has been our driving force. As we eagerly anticipate the adventures, let’s cherish the memories we’ve crafted together and channel that energy into an even more extraordinary 2024. Thank you for being an integral part of Scallop’s remarkable journey. Here’s a little alpha for our lovely community. In the coming year, you will witness Scallop in a new avatar! Stay tuned!
With our commitment to innovation, we wish you all a promising and prosperous 2024!
