Scotcoin is an ERC20 token verified by Etherscan and audited by Hacken.


The Scotcoin Project CIC is affiliated to::

The Scotcoin Project CIC

The Scotcoin Project CIC promotes Scotcoin and helps to implement its use.

  • Scotcoin will work with its preferred partners accepting Scotcoin to  further the objectives of The Scotcoin Project CIC.
  • Distribute Scotcoin.
  • Educate the public, businesses and agencies about Scotcoin, cryptocurrency and blockchain technologies.
  • Ensure Scotcoin is widely accepted in all areas of commerce and society.
  • Incentivise and stimulate local trading initiatives.
  • Provide technical support for users and merchants.
  • Lead marketing initiatives for businesses who accept Scotcoin.
  • Build a network of businesses who will trade  in Scotcoin.
  • Encourage and support  business startups.
  • Advocate for social enterprise and environmental causes.
  • Will appoint and work with preferred partners to support social, food-based, housing and caring initiatives.
  • Lead and encourage debate on building  stronger, cohesive and more equitable economies.
  • Champion personal privacy and strong encryption.

Peer To Peer

Payments go directly to the individual or business, removing the need for a bank or building society.

Always Available

Banks close at the end of the day and digital banking payments can be delayed. The Scotcoin network runs all day every day so your transactions are completed almost immediately.

Low To No Fees

Transaction fees are incredibly low compared to traditional online payments methods including Paypal, Western Union, Bank Transfers or Credit and Debit Card charges. However, if you are using our Scotscan system there are no fees.


Temple Melville

Temple Melville is a multi-sector businessman and a London School of Economics graduate. He has written a book on Blockchain titled ‘Blockchain, Bitcoin And You' and was an early adopter of Bitcoin. He came to Scotcoin during 2014 and is a strong advocate both of the blockchain, decentralised currencies and for regulation for cryptocurrencies.

David Low

David is a Scottish based businessman. He is Chairman of Lowdit Partners, a family investment office with interests in sports and leisure, blockchain and digital currency technologies and asset trading platforms. He has been a digital currency investor for over five years and in 2016 acquired a substantial holding in Scotcoin. He is also an active investor in the social and ethical spaces.

Peter McGowan

Peter is Managing Director of the ECS Group, an award-winning compliance and safety group of companies. His long business career has been marked by continual success and strong growth. Peter is a keen sports fan and a supporter of a number community focused projects in Scotland and the rest of the UK. He is also a corporate sponsor of Ups 'n Downs and The Travers Foundation.

Advisory Panel

Scotcoin has been working hard to bring together its advisory panel and is delighted to announce that it now boasts an impressive collection of individuals who collectively have over 100 years experience in blockchain, finance, sustainability, cryptocurrency, HR and senior management – this team will provide invaluable insight, guidance and stewardship to the development of the project going forwards.

Douglas Drummond

Since the dawn of the Internet, Douglas has been building websites and apps for companies, clubs and charities. Bringing over 20 years commercial experience with online projects ranging from small startup user bases to national and global enterprises with public facing assets. His expert knowledge in myriad internet technologies spanning multiple industries and client types helps him advise Scotcoin on best practices all the way from conception to delivery.

Paul McLeary

Paul is 47 years old. He has had a successful and varied career, latterly in senior management and high level technical situations. He is both an exceptional engineer and fully qualified IT and WiFi specialist. He is a lateral thinker who will bring leadership and management skills where needed to the Scotcoin Project.

Nikola Kelly

Nikola Kelly

Nikola Kelly is a technology and professional services entrepreneur and the latest addition to The Scotcoin Project CIC advisory panel. She has almost 20 years experience in the tech sector and is currently CEO of the Be-It Group for which she completed an MBO in March ’23. She sits on the panel of Career Ready - a social mobility charity and is a respected speaker on female and neuro diverse representation in the tech sector.

Edward Crozier

Edward specialises in corporate governance, reputation management, devising structured products and fund raising in both the commercial & creative sector. He is a former Director of Glasgow Life, Scottish Opera and of award winning Fintech company, Castlight Financial. He is a past President of the Scottish Rugby Union, Netball Scotland and judge in the National Scottish Business Awards. He is the Chair of The Theatre Royal, Glasgow and a Director of the Scottish Opera Endowment Trust . He was educated at Glasgow University's Business School and Caledonian University.

Scotcoin Verifications


    The code audit for the Scotcoin smart contract has been carried out by Hacken (hacken.io). The audit resulted in the award of a top rating placing Scotcoin at the very top of Hacken’s grid system.

    The classification is described as ‘well secured.’

    Hacken themselves are a leading global cyber security company with a focus on blockchain security. Hacken Cyber Security services is part of the Hacken Group, which Includes CER.live, HackenAI, HackenProof. CER.live is the cybersecurity data provider for CoinGecko (www.coingecko.com)

    Temple Melville, CEO of The Scotcoin Project CIC, said: “I am delighted that our code has been so well endorsed. Hacken are a top 10 code auditor, and we are delighted we were able to secure their services. The way is now clear for us to move forward towards our IEO .”


    Etherscan has verified Scotcoin, an ERC20 token, under the name ‘SCOT’.

    Temple Melville, CEO of The Scotcoin Project CIC, commented: ‘We have huge respect for Etherscan and the work they do. They are established as the market leading BlockChain Explorer, Search, API and Analytics Platform for Ethereum. To have secured the name ’SCOT’ Is a very special moment for us on our ongoing journey with Scotcoin.’

    Everyone is delighted with the news, obviously, including head of security, Brian Mackay who added: ‘This will make the Scotcoin v.3 ERC-20 token a more trusted asset, appearing on the well-known Etherscan database of tokens on the Ethereum Main Net.’

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