Scotcoin (SCOT)

General Characteristics

Scotcoin (SCOT) touts is an ethical crypto asset that aims to drive social change by leveraging blockchain technology. The ERC-20 token is designed to alleviate poverty, empower charities, promote financial inclusion, and drive real-world adoption.

It is positioned as a mold-breaker, delivering social and economic benefits to those in need while leveraging blockchain to provide lasting and sustainable impact. The project is managed by The Scotcoin Project, a Community Interest Company (CIC) that ensures its operations are focused on social good rather than profit.

Roadmap

Scotcoin features a clear roadmap that focuses on its development and expansion:

2013: Scotcoin created, IP trademarked.

2016: Scotcoin Project CIC established, IP acquired.

2017: Residential property acquired using Scotcoin.

2020: Scotcoin ERC-20 tokens created.

2021: ERC-20 token verified, code audited.

2022: Scotscan App launched (fee-free transfers).

2024: Scotcoin Podcast, whitepaper published.

2025 Q1: Scotcoin listing on a top-tier CEX.

Functionality and Utility

Scotcoin serves multiple purposes within its ecosystem. These include:

Social Impact: Designed to alleviate poverty and promote financial inclusion.
Charity Support: Enables donations and payments to charities.
Business Integration: Partners with businesses to facilitate transactions using SCOT.
Scotscan App: Provides a platform for instant, cost-free P2P transfers and secure transactions.

Market Performance and Dynamics

SCOT has a total supply of $250M, with 1.99M in circulation. Of the total supply, 58.6% is reserved for treasury, 24% is restricted for 36 months, 11.4% is vested, 1% for fundraising, 1% for marketing, 2% for annual distribution, and 2% for developers.

The Ethereum-based token traded at $3.56 at press time, representing a 3.7% surge in the past 24 hours. It has a market cap of $7M and a 24-hour trading volume of $19.5K.

Community

Scotcoin boasts a growing global community of 6K+ individuals actively promoting the token’s mission and expanding its reach. It currently has 17.6K followers on X, 2.5K followers on Instagram, 3.6K followers on Facebook, and 240 members on Telegram.

Pros

Ethical Focus: Committed to social impact and financial inclusion.
Strong Partnerships: Collaborates with businesses and charities to enhance utility.
User-Friendly App: Scotscan 2.0 offers enhanced security and ease of use.
Transparency: Operates as a CIC, ensuring legal and ethical scrutiny.

7 Questions to Scotcoin Team

1) What inspired the creation of Scotcoin, and how has its mission evolved since its launch in 2013?

Scotcoin was originally founded in 2013 to create a digital currency specifically for Scotland, with a focus on financial inclusion and economic empowerment. Over the years, its mission has evolved beyond just being a Scottish cryptocurrency — Scotcoin has positioned itself as a force for ethical and sustainable finance. Its ambitions are not localised; they are global.

Scotcoin’s mission is to provide practical utility, especially within charitable organisations, social enterprises, SMEs, and local economies.

The transition to a Community Interest Company (CIC) in 2019 reinforced Scotcoin’s commitment to ethical finance and community benefit.

2) What role does being a Community Interest Company (CIC) play in Scotcoin’s operations, and how does it differentiate Scotcoin from other cryptocurrencies?

Being a CIC means Scotcoin operates with a legally enshrined commitment to benefiting the community. This fundamentally differentiates Scotcoin from many other cryptocurrencies.

The CIC structure ensures transparency and accountability, as Scotcoin must publicly report on its actions and decisions and how they benefit the community. Being transparent is important to us, especially when we recognise crypto comes with a level of negative baggage.

It also establishes an ethical focus route map, with profits reinvested into initiatives that support financial inclusion and sustainability.

It also enables us to work more seamlessly and intuitively with businesses and charities to integrate Scotcoin into the local economy.

3) Scotcoin is marketed as an “ethical cryptocurrency.” Can you define what that means in practical terms?

‘Marketed’ is not a word with which we feel comfortable or find appropriate. Scotcoin has a very specific ideology and value system which makes it unique in the crypto space with demonstrable benefits and case studies over a period of a decade.

We are a social impact cryptocurrency.

Scotcoin’s ethical cryptocurrency stance is based on three core pillars:

1. Social Good – Scotcoin is actively used to support charitable organisations, SMEs, and social enterprises. It prioritises these key themes: Food, Clothing, Shelter, Community and Sustainability.

2. Environmental Responsibility – By utilising the ERC-20 standard on Ethereum, Scotcoin benefits from Ethereum’s transition to proof-of-stake (PoS), which is significantly more energy efficient than Bitcoin’s proof-of-work (PoW) model.

3. Financial Inclusion – Scotcoin aims to provide access to digital finance for those who are underserved by traditional banking systems, encompassing individuals and community groups.

Scotcoin is actively working – pioneering as we’ve said - to bridge the gap between cryptocurrency and real-world social impact.

4) Why did you choose Ethereum’s ERC-20 standard for Scotcoin instead of developing a native blockchain?

Ethereum is one of the most established and secure blockchain networks, benefiting from extensive developer support and ongoing improvements. By leveraging Ethereum’s ecosystem, Scotcoin gains scalability, access to smart contract functionality, and interoperability with existing crypto infrastructure, including wallets and decentralized finance (DeFi) applications.

Another key factor is environmental sustainability – one of our pillars. With Ethereum’s adoption of proof-of-stake (PoS), Scotcoin can operate on a low-energy and more sustainable blockchain model compared to Bitcoin’s high-energy proof-of-work (PoW).

5) What are some of the most interesting or unexpected places where people can already spend Scotcoin?

The process of integrating Scotcoin into local businesses, charitable organisations, and social enterprises is ongoing.

At the more esoteric end of the spectrum, we’ve used Scotcoin to acquire both fertilisers as well as using it to acquire digital advertising space( DOOH) at high footfall sites throughout the UK. Scotcoin can be used as payment for building work and the purchase of literature.

It’s been used to acquire sustainable fashion and food products for example which have been distributed to charitable organisations. Scotcoin is a major supporter of Eat Up (a food charity) and Kindlift (which sources furniture and household items for those in need) and Kids Love Clothes (dedicated to sourcing clothes for young people).

As adoption grows, Scotcoin aims to expand into additional sectors where ethical finance can make a tangible difference.

6) What are the biggest challenges Scotcoin faces today, and how do you plan to overcome them?

Like all cryptocurrencies, Scotcoin faces several key challenges in terms of the wider perceptions that exist around cryptocurrency in general.

Every Sam Bankman-Fried type incident damages the culture. However, we feel our offering in the crpyto space is unique, so those issues are minimally relevant.

Awareness is key to developing Scotcoin and we have ongoing relationships with respected global crypto partners and agencies in furtherance of this as well as support from our crypto exchange listing partner MEXC (themselves a tier 1 crypto exchange). This is an ongoing process/

Encouraging businesses and individuals to use Scotcoin rather than just hold it as an investment remains a challenge, which is being addressed through expanding our network delivering real-world incentives for adoption.

Our messaging is clear; Scotcoin is a credible, ethical alternative in the cryptocurrency space.

7) Where do you see Scotcoin in five years, and what milestones do you hope to achieve?

The announcement by the White House of both a Crypto strategic reserve for the USA and the upcoming crypto event within the White House will have profound effects on the crypto market for the future, giving an imprimatur and legitimacy to the entire sector

In five years, Scotcoin aims to be recognised as a pioneering model of ethical cryptocurrency worldwide. Embedding itself into Scotland’s economy is the first stage.

A key milestone would be strong adoption with businesses and individuals using Scotcoin daily, and transacting as a traditional currency

Scotcoin also has the potential to integrate with Scottish government initiatives, playing a role in community grants, social welfare programs, or public sector partnerships that reinforce its ethical financial model. Another key area of focus is expanding Scotcoin’s role in the circular economy, with the possibility of powering sustainability initiatives such as carbon offset programs or incentivizing eco-friendly consumer behaviour.

We are target-driven. Scotcoin’s success will be measured not just in market value but in its real-world impact on individuals, communities and businesses.

By 2030 we’d aim to have swollen our community to 100,000 plus worldwide and to have engaged with businesses globally delivering $50m of inventory to those in need.

Official links

CA: 0x0cf7356e2d13ae2b57e77286284984a5fc8f88b3

Where to buy

Uniswap

MEXC

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