What is SO CAL Token (SCT) and why its volume rose 11,000%?

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What is SO CAL Token (SCT) and why its volume rose 11,000%?

 What is SO CAL Token (SCT) and why its volume rose 11,000%?
Image source: © Asolano97 | Megapixl.com

Highlights: 

  • The SO CAL Token (SCT) is a gaming platform. 
  • SO CAL’s utility token, SCT, is a Binance Smart Chain coin. 
  • The token was listed on Coinmarketcap on June 27, 2022. 

The SO CAL Token’s (SCT) trading volume skyrocketed more than 11,000% in the last 24 hours to Friday morning, days after its listing on Coinmarketcap.com.

SCT traded at US$0.00003673, up 26.91%, at 4:50 am ET, while volume soared 11035.90% to US$3,156,400. The token has been grabbing attention after the listing on June 27.

However, there are other recent developments. On Thursday, SO CAL held its weekly yoga class for users on Zoom. It also announced distributing its Cali Kong NFTs. 

What is So Cal Token?

It is a gaming platform that provides a virtual space where people can earn and have fun. It strives to generate awareness of oceans through P2E games, NFTs, and philanthropy.

According to its portal, its co-founders Danial and Robert serve as CEO and CTO of the company, respectively. The project offers play-to-earn (P2E) surfing games, in a retro style, for users on the Southern California coast. CO CAL claims its P2E game provides a nostalgic gaming experience and is available on PC, Android, and IOS devices.

CO CAL has a pre-minted NFT collection on its proprietary SCT Marketplace, which offers exclusive benefits to users, such as access to surfboards and various competitions. 

Its whitepaper also claims that it provides online crypto education classes by licensed professionals, “sound bath”, yoga classes, P2E surfing games, and staking.

CO CAL offers 5% rewards in USDT tokens to all SCT holders and dual rewards for participating in the staking program. It also dedicates 1% of the sales tax to revive coastlines and marine life. 

The token rallied on the day of its listing on Coinmarketcap.com, touching an all-time high of US$0.00003773 and a low of US$0.00002715. 

Data Source: Coinmarketcap.com

SCT token: 

SCT is a Binance Smart Chain-based utility token for the platform. Users can earn SCT tokens while surfing in the game and from different game modes and characters. 

The token has a market capitalization of US$2.7 million. Its self-reported circulating supply is 74.42 billion SCT, while the total supply is 100 billion.

It is available for purchase on PancakeSwap (V2) crypto exchange.

Bottom line:

According to SO CAL, the project’s ultimate goal is to build a metaverse for sports entertainment, with a Skatepark, snowboarding mountain, coastal waves surfing, etc. It also plans to offer real estate business opportunities in the metaverse. 

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