• Privacy Policy
  • Editorial Policy
  • Advertise with us
  • Contact us
Saturday, June 14, 2025
Glasgow Report
  • Home
  • World
  • News
  • Politics
  • Business
  • Sports
  • Technology
  • Entertainment
  • Health
  • Lifestyle
  • Science
  • Travel
No Result
View All Result
Glasgow Report
No Result
View All Result

Scottish crypto targeting £200m valuation ahead of February listing

by Glasgow Report
in Business


A SCOTTISH cryptocurrency is targeting a £200m valuation on its market debut ahead of being listed in February.

Scotcoin – an ERC20 token operating on the Ethereum mainnet – will list on a major cryptocurrency exchange next month, which will see the project valued at $250m on its market debut.

The cryptocurrency is owned and managed by The Scotcoin Project (TSP) Community Interest Company (CIC), which has exchanged contracts with a “tier 1” exchange and will initially be paired with Tether – the world’s largest dollar-denominated stablecoin.

The listing will take place within a month, subject to market conditions, and the selected exchange – the name of which is set to be announced immediately prior to listing – has an average daily trading volume of around £2.4bn, or $3bn – placing it in the global top 20.

Headshot of The Scotcoin Project CEO Temple Melville.
The Scotcoin Project CEO Temple Melville says the aim of the project is to “help create a more equitable world”.

The company says that funds raised in the listing will be used to recruit a full-time management team and further develop and ecosystem of partner organisations which accept Scotcoin as a means of payment for a range of goods and services.

The token is already held by around 6,000 individuals worldwide and a growing number of third sector organisations and charities.

TSP says the initial focus is on the provision of food, clothing and shelter, building on the numerous initiatives supported by Scotcoin since its inception.

TSP will distribute Scotcoin directly and via approved agencies to third sector organisations and individuals in need.

Temple Melville, CEO of TSP, said: “Our objective is to use the medium of crypto to help create a more equitable world and listing will take Scotcoin to the next stage of its development.

“With the money raised, we will be able to dedicate a team to signing up preferred partners offering a range of goods and services focussed on food, clothing, and shelter.

“These partners will accept Scotcoin, providing them with some value rather than having to give away their products and services for nothing.”

TSP acts as the treasury for Scotcoin with its advisory panel responsible for recommending grants to deserving individuals and organizations on a controlled basis.



Source link

Previous Post

Liz Truss’ cease and desist letter to make Keir Starmer stop saying she crashed the economy just reminded everybody of her disastrous mini budget

Next Post

Major housebuilder appoints new chair of the board

Related Posts

Study shows links to environmental regulation violations

by Glasgow Report
June 12, 2025
0

RECENT studies show companies violate environmental regulations when financial managers are overconfident. These environmental violations harm the company’s long-term performance,...

Charities approached for feedback on Edinburgh’s Community Wealth Building scheme 

by Glasgow Report
June 5, 2025
0

THE City of Edinburgh Council is currently redeveloping its approach to local economies – and is asking third sector organisations...

Decision on third sector spending cuts pushed back until August as dozens of charities hang in balance 

by Glasgow Report
May 29, 2025
0

FOLLOWING a public meeting discussing proposed cuts to Edinburgh’s third sector, decisions have been pushed back from June to August...

Next Post
Major housebuilder appoints new chair of the board

Major housebuilder appoints new chair of the board

  • Trending
  • Comments
  • Latest

Hindenburg Report on Adani Places Mr. Modi in Dilemma

February 10, 2023
Pandora’s Cube: A Mysterious Sum and a Sum of Mysteries

Pandora’s Cube: A Mysterious Sum and a Sum of Mysteries

May 19, 2023
A Brief on Kant’s Knowledge and Duty Reflections for “Glasgow Report”

A Brief on Kant’s Knowledge and Duty: Reflections for “Glasgow Report”

July 19, 2023
Dashcam footage shows impatient motorist yelling at driver in car park

Dashcam footage shows impatient motorist yelling at driver in car park

0
Social media users horrified by video of midges swarming hillwalker

Social media users horrified by video of midges swarming hillwalker

0
Scot horrified after finding poo-covered toilet brush in holiday apartment

Scot horrified after finding poo-covered toilet brush in holiday apartment

0

Meet the two former Portobello students serving as Scotland’s most recent debutants  

June 12, 2025

Scotland’s first one-stop breast implant health check launches

June 12, 2025

Genetic cancer risk testing has significant gaps

June 12, 2025
Glasgow Report

Copyright © 2021 Glasgow Report.

Navigate Site

  • About
  • Advertise/Contribute
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Technology
  • Lifestyle
  • Health
  • Travel
  • Science
  • Real Estate
  • Press Release

Copyright © 2021 Glasgow Report.