Migrating SPF to DeFi on Solana

DEX is the future. Robust, scalable blockchains are emerging. The time is now to begin our own migration

Migrating SPF

The ScPrime team is pleased to announce we are beginning a migration of the secondary token on the network (SPF) to the Solana ecosystem for listing on decentralized finance exchanges (DEX). For background on SPF, check out this and this. For background on tokenomics behind ScPrime and the permissionlessly mined utility coin, $SCP visit the Tokenomics page. We expect to update this page with more detailed info on significant project coin movements over the last five years.

To send SPF to an outside blockchain, our developers have created the Transporter. Sent tokens are not wrapped on this non-custodial one-way bridge. Original SPF are burned when sent to the Transporter and new tokens minted on Solana. Supply (400M) remains unchanged no matter how many tokens are Transported. Initially, the new token will not earn SCP yield from storage contracts but will regain the ability in a future upgrade. You can hear more about our goals and plan on this recent roadmap call

Securing a Chain

Choosing Solana is as much about a future migration of storage contracting and underlying blockchain as SPF listing. From the ScPrime genesis block, the network has not been secure at a level needed to protect significant quantities of valuable business cloud data. As a bootstrapped project mis-described as a generic “fork”, the team has focused all available capital resources on building the best software for business cloud.

The small amount of funding used for traditional crypto marketing strategies such as exchange listing, marketing and coin market making has not been enough to gain large centralized exchanges (CEX) like Binance. This has resulted in a ceiling on marketcap that doesn’t comp to our peers in the industry, many of which can not currently compete with the services provided by XNS, the storage product on top of SCP. This limits ASIC miner interest in securing the chain.

Currently, SPF play no role in consensus validation and are not currently listed on any exchange. But if decentralized exchanges prove to be a productive environment for SPF, it is possible our utility token (SCP) can be migrated similarly to gain better market liquidity and leading to higher hashrate in advance of a potential contracting migration and new consensus model.


There are two key concepts in DEX listings. Traditional exchanges take fees off every trade, generating significant revenue. On Dex, average users collect the trading fees through a process called Automated Market Making (AMM). This entails staking equal value amounts of both sides of a listed coin pair and then earning a proportionate amount of all trading fees collected.

The sum value of staked coins is called total value locked (TVL) and is the main metric used to measure liquidity on a token listing. Liquid tokens on DEX platforms have a much easier path to large CEX listings and represent the pathway most successful coins take on this journey.


We expect the process of migrating tokens will go smoothly, but there are items to be aware of. Most token listings on DEX are new coins with a new emission. Premines or other grants incentivize behaviors with pre-sales and airdrops. As SPF supply is completed, all tokens already exist and a key task is distributing tokens in the most equitable way that leads to liquidity and price discovery.

We need to ensure there are enough tokens for everyone who wants to earn SCP and AMM yields as well as the potential airdrop bonus reward. Yet, limits are also needed on the number of tokens initially available with a clear, immutable calendar for ongoing transport.

Initial Tranche/Emission Schedule

The process begins with an initial tranche of Transportable tokens. Tokens gained in the current SCP, Corp funding round qualify for immediate transport as do bonus tokens from purchase of Xa-Miners and XM Full licenses since October 1st of this year. Team members have an allotment as well. These are the only way to get tokens across the Transporter to initially stake or offer for swap and a detailed breakdown of how many from each cohort will be made public.

After 30-60 days, an “Emission Schedule” will begin on the ScPrime side of the Transporter to allow anyone hold SPF gained earlier in the project to send them across the Transporter. The schedule is flat and built to stretch several years if needed. Token sends are limited to a specific number per month. This schedule will respond to TVL and token price with a larger potential emission allowed over the Transporter if Liquidity Pools (LP) can support increased numbers of token swaps. The point is to allow enough tokens to satisfy stakeholder and community needs while not oversaturating the marketplace.


LP stakers are paid in the pool token of the exchange based on trading fees generated. Higher TVL allows for more swap activity and is viewed as a key benchmark for success. When the coin pair(s) are set up with liquidity pools, the trading fee rate is decided, which forms the amount paid out to stakers for providing liquidity. We expect to have to set fees a bit higher than larger coins to properly incentivize LP stakers.

In addition to the LP yield, a potential bonus is available to LP stakers based on amount and time staked. Known as an airdrop, these tokens provide another mechanism to attract a higher amount of token locks in the pools. Prospective stakers should verse themselves in the concept of opportunity cost as the amount stake nearly always performs worse than if the user had just held the tokens. The yield from fees + the bonus airdrop + the SCP yield should more than make up for any difference.


We’re targeting late January to launch the first listing and activate the initial tranche. We’ll monitor TVL and swaps to determine if the emission schedule matches the early environment. If yes, the emission schedule will begin 30 to 60 days after launch. The developers will then focus on SCP yields on the Transported tokens. We’re considering an NFT to allow for easy tracking of SCP yields in order to potentially cover the payouts during the period when they are not actively working on the outside chain.