SCLP is a multi-utility token that plays a vital role in the Scallop ecosystem. It serves as a means of payment for a variety of services such as exchange, transaction fees, management fees, institutional management fees, bank transfer fees, loading and unloading fees, ATM fees, and token hosting fees. Apart from these, there are several other important use cases of SCLP. It is the native token of Scallop Chain and can be used to earn discounts of up to 20% on fees within the Scallop App. SCLP holders can become node validators and get access to the Elite Membership, unlocking exclusive benefits. Additionally, SCLP can be used to pay transaction fees, making it an essential component of the Scallop Chain ecosystem.