Scopuly: All-in-One Solution for Solving Crypto-economic Problems

| Updated
by Maria Konash · 3 min read
Scopuly: All-in-One Solution for Solving Crypto-economic Problems
Photo: Scopuly

Scopuly, a decentralized cross-platform application built on Stellar blockchain, allows for safe storage, instant transfer and issuance of crypto-currency assets, investment in ICO campaigns, and their launch – all in one app.

Today we cannot say that the launch of ICO start-ups has become mainstream, but more and more projects are being developed every day. So how to choose the right one that will have all the necessary functions without get loaded with a lot of unclaimed options? The answer is – one needs to filter the projects and leave only those that are aimed at quality solutions to the most basic crypto-economic tasks.

As an example, we suggest to consider the project Scopuly. The platform is built on Stellar blockchain and is placed in one convenient mobile application. Its functionality allows users to safely store, attract, spend, pay and exchange crypto-currency assets. To gain a better understanding, let’s see the details.

Photo: Scopuly

Photo: Scopuly

Scopuly SDEX

The application is decentralized, thus all transactions between users (which are all instantaneous), be it trading or crypto asset exchange of any type, are achieved without intermediaries. Any token created on Stellar blockchain can be bought and sold right after the emission, bypassing complex crypto-exchanges. Any Stellar asset in Scopuly can be exchanged for any other, and the platform will find the best exchange rate for crypto and multicurrency transactions, while also allowing for conversion of currencies during transactions through distributed exchange.

Scopuly Wallet

Scopuly development team added an option to the application, without which the crypto currency holder cannot operate – a multicurrency crypto-wallet. It allows convenient crypto assets storage and carrying out variety of operations. The guarantee of safety and security of one’s finances lies in the reliability of the storage. The big plus of the Scopuly wallet is the “cold” storage of crypto currency with encrypting the private key from each created account locally on the user’s device.

Scopuly’s ICO Database

The application will be especially interesting for ICO-start-ups and crypto-investors. This is because the platform gives an opportunity to ICO projects to get investment, and also provides the database of prospective startups that meet specific criteria that have gone through a comprehensive review. Anyone can create an ICO campaign in Scopuly, because it does not require any special technical knowledge. This means that innovators now have much more chances to live out their dreams and implement projects, while investors can profitably invest without spending a lot of time looking for suitable start-ups.

Other advantages the platform brings include:

  • Fast: transaction confirmation time is 3-5 seconds. Transaction Confirmation Technology: SCP Consensus.
  • Cheap: the most loyal commissions for making deals and conducting operations on the Stellar network: 0.00001 XLM (0.0003 $)
  • It’s safe: the network is protected from attacks, uses the SCP-protocol of consensus and Multi-Sig to improve security.
  • Scalable: Stellar is a fairly fast and scalable platform. Tens of thousands of transactions per second without network connection problems.

As has been stated, despite investments in ICOs become more and more common and usage of this means of fundraising more widely used, so far we cannot say that the launch of ICO start-ups has become something exactly mainstream. Nevertheless, we believe, that amid increasing emergence of such all-in-one solutions and ever widening adoption of cryptos, the situation will inevitably change.

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