PRESS RELEASE:
The Scotcoin Project CIC (“TSP”) is pleased to announce it has exchanged contracts with a Tier 1 crypto exchange to list Scotcoin on its exchange. It will be initially paired with Tether (“USDT”), the world’s largest and most liquid dollar denominated stablecoin. Subject to market conditions, the listing will occur in Q4 2024. For commercial reasons and the Tier 1 exchange’s terms and conditions, the identity of the exchange will not be announced until immediately prior to listing.
It is anticipated that Scotcoin will have an opening value of US$250 million. Funds raised in the listing will be applied to the development of TSP’s business plan.
TSP was established in 2016 as the marketing and distribution vehicle for Scotcoin. Scotcoin is a social impact crypto currency. The Scotcoin ecosystem involves the ongoing development of preferred partners willing to accept Scotcoin as a means of payment for ranges of specified goods and services. TSP will distribute Scotcoin directly and via approved agencies to deserving individuals and organizations. Its initial focus will be on the provision of food clothing and shelter to those most in need, building on numerous initiatives and projects TSP has supported since its inception.
TSP’s CEO, Temple Melville says:-
“Our listing partner’s understanding of and commitment to Scotcoin’s ethos was evident from the outset of our discussions. We are delighted to partner with such an august organization”.
For further information contact Temple Melville on +4479 7124 0775 or at [email protected]
