Scallop is an all-in-one DeFi banking application with which users can store both their crypto and fiat currencies, make payment with them and earn interest on them. According to the project, the wallet that Scallop provides, which comes with a hardware and a payment card, are insured by their partners against loss by up to $100 million.
Scallop Coin ($SCLP) is a native BEP20 token of the Scallop platform. It is used to paying transaction fees, management fees and receive trading bonus payments and other rewards.