First of all, Scary Chain Capital Version 2 is audited. All the claims contained in this article have been verified by a 3rd party Smart Contract Auditing entity: Solidity Finance.

Why the need for V2?

SCC V1 was launched on the 24th of November. The smart contract V1 minted new SCC at every sale and the supply was growing non-stop. In addition, many holders disliked the tax on transactions from one wallet to another.

The solution to this is the smart contract V2 that allows us even greater flexibility.

No Inflation

In V1, the supply was unbounded. That essentially means, if everything else remains constant, increase in supply would devalue token’s price — leaving the possibility for inflation.

In V2, the supply has been fixed and kept static, leaving out any room for cost-push inflation.

New Chains

With the new smart contract, the supply is static and we can become deflationary anytime. The supply was increased from 1T to 2T and the extra supply is going to be used to bring SCC to new chains.

You’ll be able to purchase SCC on Ethereum and Binance Smart Chain first but we can reach any EVM compatible chain!

Dynamic Tax Policy

By not renouncing the contract, SCC can change its tax policy. This means that we can increase reflections during uptrends and not harm the treasury at all.