-- SCOTCOIN STAKING: CHANGING THE WAY CRYPTO SUPPORTS CHARITIES
Scotcoin’s newly-announced staking initiative will benefit both individuals and charitable causes making it one of the most innovative and ethical approaches to staking in the crypto world.
Ethical cryptocurrency Scotcoin (SCOT) is flipping the crypto script by offering a staking programme that goes beyond personal financial gains.
Through Scotcoin’s innovative staking model, participants can help fund vetted charities and thereby another level of driving positive social impact.
In a world where the crypto market is often associated with environmental degradation and volatile markets, Scotcoin’s staking model offers a solution that aligns with its own deeply held ethical values. It allows individuals to use their assets to do more than just profit - it gives them a chance to make a tangible, positive difference in the world.
Many crypto users are concerned about the legitimacy of charitable donations in the digital space. Scotcoin’s vetted charity model ensures that funds are directed only to reputable causes, creating trust and accountability.
WHAT IS SCOTOIN STAKING?
Scotcoin staking allows holders to lock their SCOT tokens into a staking pool, where they earn rewards over time from the interest generated by their stake, not from the original amount they’ve staked.
The staking process is designed to be transparent, with a compounding Annual Percentage Yield (APY) that grows over time, which incentivises long-term commitment.
There are three staking strategies involved, allowing users to lock, earn and make an impact and are as follows -
· Community Save - Lock Period 3 months, APY 5% and Impact 5%
· Local Builder - Lock Period 6 months, APY 7% and Impact 7%
· SCOT Growth - Lock Period 12 months, APY 10% and Impact 10%
A STAKING RPGORAMME WITH PURPOSE:
One of the key differentiators of Scotcoin’s staking programme is its purpose-driven rewards. Instead of traditional staking rewards, holders can channel their earnings - accrued from interest generated and not the principal - directly towards vetted charitable causes.
HOW IT WORKS:
Direct Charity Support: When Scotcoin staking takes place, a portion goes toward charitable organisations that have been carefully selected and vetted by the Scotcoin team. These include charities involved with issues - among others - of homelessness, poverty and mental health.
Transparency and Impact: Thanks to the Scotcoin impact Tracker, stakers see how much SCOT is collected within the impact pool.
Compounding Charity Effect: The compounding Annual Percentage Yield benefits the staker and magnifies the charitable impact. The longer the stake is held, the greater the rewards both for the holder and the supported charities.
SCOTCOIN’S VISION FOR ETHICAL CRYPTO
The future of cryptocurrencies lies in their ability to transcend speculative markets and become instruments for positive change. Scotcoin’s staking programme is an important step in this direction. By tying financial rewards to charitable actions, Scotcoin is setting a precedent for other blockchain projects to follow - where ethical considerations are just as important as technological innovations.
This model empowers the Scotcoin community to be a force for good, showing that cryptocurrencies can drive social change just as much as they drive financial profits.
More information on Scotcoin staking at:
https://scotcoinproject.com/scotcoin-staking/
Stake at: https://web-scotscan.io/staking
Scotcoin is listed at : https://www.mexc.com/
Contact Info:
Name: Temple Melville
Email: Send Email
Organization: The Scotcoin Project
Address: 56 Ashton Lane, Glasgow, Scotland, Glasgow, Scotland G12 8SJ, United Kingdom
Phone: +44-7971-240775
Website: https://scotcoinproject.com/
Release ID: 89167164