What is SCOMP?

Stablecomp
2 min readMay 26, 2021

SCOMP is the native governance token of Stablecomp. It has a limited supply of 200,000,000 SCOMP, with deflationary properties and based on Binance Smart Chain.

There are two main uses for SCOMP:

Governance pool

SCOMP allows its holders to benefit of governance rights in its DAO.
SCOMP holders will also be able to suggest and vote for several proposals as the integration of a new protocol within the Stablecomp ecosystem.

Fees redistribution

Stablecomp applies the following fees to its vaults:

📥 Deposit fee: none
💰 Performance fee: 6%
📤 Withdrawal fee: 0.2%

However, staking in the Governance Vault earns you a 50% share of both performance fee and withdrawal fee.

How do we do this?
50% of both fees will be automatically collected and distributed in the form of SCOMP among those who are staking our native token in its governance pool. This rewards holders and brings a deflationary effect to the token.

⚠⚠ PAY ATTENTION PLEASE ⚠⚠

The official SCOMP token contract address on Binance Smart Chain has NOT been announced by the team, yet.

Any other SCOMP tokens will be a scam and will result in a financial loss for users.
Do not buy tokens from any other token address.
Always verify the token address before purchasing tokens.

Follow us on our channels to discover more about the project!

🌐 Website| 🐤 Twitter | ✈ Telegram | 💻 GitHub

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Stablecomp

The first DeFi platform to easily manage and earn interests on your stablecoins. 💻https://www.stablecomp.com/