What is SCRT
Tokens
1. Project Introduction
Launched in 2020, this is a privacy-focused blockchain project that enables network participants to leverage its technology and offer customizable privacy for decentralized applications. Designed to meet the privacy needs of applications and projects dealing with sensitive data—such as medical records or private financial information—this network ensures confidentiality in an increasingly transparent industry.
Summary: Built on Cosmos, this privacy-centric blockchain features Secret Contracts, its proprietary smart contract system that allows DApps to process private data securely. Unlike traditional smart contracts, Secret Contracts convert encrypted inputs into encrypted outputs without exposing underlying data. This is made possible by maintaining an encrypted contract state throughout execution.
2. Team & Investment Info
Team Information: Not available.
Funding:
May 2021: Raised $11.5M, led by Arrington and BlockTower, with participation from Spartan and Skynet Trading.
Feb 2022: Secured $400M from investors including HashKey, Dragonfly, Arrington, Shima, Hashed, and Fenbushi.
3. Social Media URLs
X: https://x.com/SecretNetwork
Telegram: https://t.me/SCRTCommunity
Discord: https://discord.com/invite/secret-network-360051864110235648
4. Token Info
Token Symbol: SCRT
Total Supply: 307,046,477
Token Type: SECRET
Issuance/Burn Mechanism: Fixed supply
Contract Address: secret1k0jntykt7e4g3y88ltc60czgjuqdy4c9e8fzek
Token Distribution:
Not publicly disclosed.
5. Related Links
Official Website: https://scrt.network/
White Paper: https://docs.scrt.network/secret-network-documentation
Other Info: https://github.com/scrtlabs/SecretNetwork/
https://forum.scrt.network/
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