Script Network: A Fundamental Look at SCPT's Value Proposition
The MEXC:SCPTUSDT token for Script Network launched this past Wednesday Dec. 20th, 2023 at the 6 cent mark.
It's important to note that this token is not available on any DEX's (decentralized exchanges). It's only available on CEX's (MEXC #11 / KuCoin #5 / BitGet #12)... However, it is important to note that as far as future listing's go they did receive 15 offers for listing #SCPT. So in 2024 we could see 12 more listings. Also do keep in mind "if/when" they do decide to launch on DEX's we could see a significant boost in price performance.
*Prior to listing a series of rounds were held for investors;
- SEED 0.00667
- ALPHA 0.00747
- Public 0.00947
*** token was supposed to launch in May of 2023 but was delayed
What is Script Network?
About Script Network:
Script Network emerges as a trailblazer in the blockchain-based live streaming arena, redefining the interaction between viewers and live television content. Leveraging cutting-edge AI technology, Script Network delivers a tailored, superior, and secure live TV streaming experience. It stands at the forefront of innovation in the L1 blockchain video delivery network, fundamentally transforming viewer engagement with live broadcasts.
At the core of Script Network's offering is ScriptTV, a decentralized television network that integrates blockchain technology and a watch-to-earn model. This novel platform presents a suite of products specifically crafted for the film and television industry, with a vision to overhaul the global TV experience. It incentivizes viewers through the ScriptGLASS NFT, which is seamlessly woven into the ScriptTV's watch-to-earn protocol, enhancing the earning potential for users as they indulge in a variety of channels. Script Network's ecosystem fosters a symbiotic relationship among its participants, where each stakeholder plays a pivotal role and is rewarded accordingly, setting a new standard for television consumption within the crypto space.
Roadmap At a Glance (TBA):
X-Mas Raffle
Staking App (beta release)
Staking App (Full Release)
Watch-2-Earn Full Mechanism goes live
CEX AMA Event
Mainnet - if all goes well, potentially in the next 2-3 weeks... they're launching their own blockchain
AirDrop for GlassPass holders
* for a complete overview of the roadmap, read their whitepaper;
eg: - ScriptSWAP beta launch is set to occur in Q3 of 2024 ...
Note: the project it self at present has 1,607 holders....3,874 user's have it on their watchlist
Also, the chain is supposed to launch on 100,000,000 Samsung devices near the end of January 2024, but we shall see
Competition:
It's closest competitors would be considered Pluto TV (sold for $340M to ViaCom). Than there's Tubi who was bought by Fox in 2020 for $440 million, and recently reported more than 64 million monthly active users at the end of 2022. While on the blockchain, THETA TV would be another close competitor... (Currently: $1.12 but had an all-time high of $15.72 USD). To temper expectation THETA launched in 2018 & didn't achieve its ATH until 2021... so if MEXC:SCPTUSDT can hit a dollar, it will need time to mature.
Analysis:
Bollinger Bands: The Bollinger Bands (BB) are relatively narrow, which typically signifies low volatility. The price has been oscillating between the upper and lower bands without a clear breakout, reinforcing the idea of consolidation.
Chart Pattern: There does not appear to be a clear chart pattern forming at this time frame... also it just launched a few days ago and is still in a state of consolidation. The price action is relatively flat without distinctive highs and lows that could form patterns such as triangles, wedges, or head and shoulders. The sideways movement does not lend itself to classic chart patterns which typically indicate continuation or reversal.
Trend Analysis: The overall trend in this short time frame is sideways or range-bound. The lack of higher highs or lower lows indicates that the market is awaiting further information or catalysts to determine a direction.
Volume: The volume bars are fairly consistent and do not show significant spikes which would suggest large traders entering or exiting positions.
The following speaks to the rate of adoption...
Key Metrics Prior to Token Launch:
185k+ users since our beta launch
Over 170k wallets created on Script Blockchain testnet, with millions of transactions
Over 1.5 MILLION minutes watched per week on the platform
10+ global studio licensed partnerships
Original Ad layer and publishing — ads from tier 1 companies — the ONLY blockchain streaming platform with tier 1 licensed ads
600k+ Community across socials
10+ projects either readily using Script Networks infrastructure, including studios, content partners, and dApps
