This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Script Network?

Script Network (SCPT) is a layer 1 open-source live TV platform, protocol, and storage network. It offers a holistic ecosystem for decentralized entertainment, featuring a watch-to-earn live TV platform, decentralized video storage, and gamified rewards. The platform aims to revolutionize video advertising in the crypto industry, providing a seamless ecosystem with multiple revenue streams.

How is Script Network used?

Script Network (SCPT) is a governance token used in various aspects of the Script Network ecosystem. Here are some key ways it is utilized:

  1. Governance: SCPT is the governance token for the Script Network, allowing holders to participate in decision-making processes and shape the future of the platform.

  2. Watch-to-Earn: Users can earn SCPT rewards by watching TV online through Script TV, which is the first watch-to-earn live TV platform. This rewards system is enhanced by unique GameFi elements, such as upgrading and boosting ScriptGlasses (NFTs) to yield more tokens and benefits.

  3. Decentralized Video Storage: SCPT is used in the decentralized video storage solution, which aims to lower costs by over 80% for Web2 companies.

  1. Revenue Streams: SCPT is involved in several revenue streams, including video on-platform advertising, marketplace trading, and decentralized storage fees.

  2. Staking: SCPT can be staked to earn passive income, with an APY of 55.0% as of June 2024.

  3. Script Blockchain: SCPT is part of the Script Blockchain ecosystem, which offers grants and non-financial rewards to filmmakers, studios, and content-first companies building dApps and video-based products on the chain.

  1. Script Advertising: SCPT is used in the Script Advertising layer, allowing crypto and blockchain companies to advertise on the platform, fully payable in tokens.

These uses highlight the diverse applications of SCPT within the Script Network ecosystem, focusing on governance, rewards, and revenue generation.

How do I store Script Network?

To store Script Network (SCPT) tokens securely, it is recommended to use "Cold Wallets" which are totally offline. There are two types of cold wallets:

  1. Paper Wallet: This is formed by generating a public and private key offline and printing them on a piece of paper. The keys are printed in the form of QR codes, which can be scanned for future transactions.

  2. Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. Most people prefer hardware cold wallets, especially for storing large numbers of coins or tokens.

How to buy Script Network?

To buy Script Network (SCPT) tokens, follow these steps:

  1. Choose a Reliable Exchange: Find a reliable centralized exchange where SCPT is listed. You can refer to Coinmarketcap to find the list of exchanges that support SCPT.

  2. Create an Account: Sign up for an account on the chosen exchange. For example, on MEXC, you need to open an account and pass KYC verification.

  3. Fund Your Account: Deposit funds into your exchange account using methods such as credit cards, bank transfers, or other cryptocurrencies. On KuCoin, you need to add a payment method after verifying your account.

  1. Buy SCPT: Navigate to the SCPT trading page and select the amount you want to purchase. You can buy SCPT directly with fiat currencies or use other cryptocurrencies like USDT as an intermediate step.

  2. Store Your Tokens: Once you have purchased SCPT, you can store them in your exchange wallet or transfer them to a cold wallet for long-term security.

  3. Optional: Use Decentralized Exchanges (DEX): If SCPT is not listed on a centralized exchange, you can use a DEX like Pancake Swap. Connect your wallet to the DEX, and trade your base currency (like BNB) for SCPT.

Remember to carefully consider your investment experience, financial situation, and risk tolerance before investing in SCPT, as cryptocurrency prices are subject to high market risk and volatility.

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How Script Network works

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