SCORCH Whitepaper
1. Introduction
The paper begins by highlighting the core problem SCORCH aims to solve: oversupply in cryptocurrency markets and the need for structured, transparent, and community-driven supply reduction. SCORCH offers a framework where token holders can voluntarily remove tokens from circulation (i.e., burn them).
2. Project Overview
SCORCH is an ERC-20 token designed to operate through Shibarium, leveraging its low fees and high speed for its burning process and platform features. Its main launch feature is the conversion (or "burning") of SHIB in exchange for SCORCH tokens. This mechanism permanently removes SHIB from circulation.
As the project expands, it becomes a "burn platform" that any project owner or token holder can use to facilitate community-driven token burns.
3. Roadmap
Q2 2024:
Concept perceived
Q2 2024:
Team Assembled
Q4 2024:
Concept Finalized
Q1 2025:
Community Creation
Q1-Q2 2025:
Launch of the SCORCH token presale
Q2 2025:
Introduction of governance mechanisms
Q4 2025:
Listing SCORCH on major DeFi exchanges and implementation of staking pools
Q4 2025:
Launch of a platform so more projects can integrate SCORCH's burning mechanisms
Q3 2026:
Launch of "Altcoin Arena" game
Q3 2026:
NFT presale of the "Hunt" game
Q1 2027:
Launch of the "Hunt" game
4. SCORCH Burn Platform
SCORCH is positioned as a decentralized hub for token burns, giving the community the power to decide when and how to burn tokens. It gamifies this process with leaderboards, events, and rewards, encouraging participation.
Types of Burn Events:
- SCORCH-Initiated Burns: Organized by SCORCH itself.
- Project-Owned Burns: Third-party projects pay fees in SCORCH to launch custom burn events.
- Community-Sponsored Burns: Any holder can propose a burn event if they stake SCORCH and the community helps fund it.
5. Expansion Plans
Staking Pools
Users can lock up SCORCH tokens to earn more SCORCH.
Games
Two games are planned—"Altcoin Arena" and "Hunt"—where players can earn SCORCH through gameplay.
NFTs
Planned NFTs provide in-game benefits and exclusives for the presale participants or for game-related items.
6. Tokenomics
Total Supply: 15,000,000,000 SCORCH
Distribution:
- Team & Founders: 3.33%
- Advisors & Partnerships: 1.67%
- Ecosystem Development: 11.67%
- Pre-Sale: 13.33% (2 billion tokens)
- Liquidity Pool: 10%
- Community Rewards/Airdrops: 10%
- Staking Pools: 20%
- Expansion Plans: 5%
- Burning Platform Reserve: 28.33%
Pre-Sale Mechanics:
SCORCH will conduct a 10-phase presale. In each phase, users can buy SCORCH using SHIB, USDC, or ETH. When buying with SHIB, 95% of the SHIB is permanently burned, and the remaining 5% is held in a multi-sig wallet along with all other presale funds.
Burn Tax:
There is a 1% burn tax on transactions, meaning that each time SCORCH is transferred, 1% of the transaction amount is destroyed ("burned") from the sender's side.
7. Team
The SCORCH team emphasizes experience in multiple fields—finance, marketing, game dev—rather than purely in blockchain. They choose partial anonymity for personal security reasons. They highlight all token operations are transparent on-chain, with smart contracts automating burns and other processes.
8. The Bigger Picture
SCORCH positions itself as a platform for community-driven, verifiable token burning—initially focused on SHIB but ultimately able to serve many projects facing oversupply issues.
The whitepaper underscores that burning alone cannot guarantee price increases; broader market conditions, liquidity, and user adoption also matter.