SCPT is a blockchain-based Script Token used by the Script network. As a multi-use token, it acts as a token of governance for producing and validating blocks and as a direct incentive for users.
To simplify the early stages and launch of Script.TV the initial SCPT token will be available as an ERC20 but will be available for migration later in the roadmap. The Validators will be selected from the holders who bought SCPT during the first-stage private sale, who then deployed their nodes and were screened on the Testnet.
Script. TV will use the SCPT Token as a direct incentive for users to not only watch and discover great new content but also to share their bandwidth and memory for videos, improving the overall stream quality for all users. In total, 1,000,000,000 SCPT utility tokens will be released. Initially, tokens will be issued on BNB Chain, and after the launch of the network, each token holder will receive native SCPT tokens on the new blockchain at a 1:1 ratio. The amount of the new SCRIPT blockchain tokens will also be limited to 1,000,000,000, and no new SCPT tokens will ever be issued.