In this episode of the Ethical Crypto Podcast, co-host Anthony Perl and Temple Melville discuss the revolutionary impact of Scotcoin on charitable giving. Temple narrates the journey of Scotcoin from its recent listing on the top-tier Mexi exchange to its global influence across 54 countries. The podcast highlights Scotcoin's innovative token economics in supporting clothing distribution, sustainable food initiatives, and circular economies. The hosts delve into the ethos behind Scott Coin, emphasising its commitment to creating real-world change without monetary donations by providing goods in exchange for Scotcoin. They explore future plans, such as bridging with Solana and collaborating with various projects and preferred partners. Temple shares inspiring stories of charitable impacts and the strategic long-term goals aimed at fostering a sustainable and ethical crypto ecosystem.

For more information about Scotcoin visit the website:

https://scotcoinproject.com/

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This podcast been produced by Podcasts Done For You

httpss://podcastsdoneforyou.com.au

Scott Coin goes Live a milestone

moment in ethical cryptocurrency.

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In this episode, temple Melville reveals

how Scott Coin is revolutionizing

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charitable giving through innovative token

economics and shares inspiring stories

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of impact from clothing distribution

projects to sustainable food initiatives.

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Discover how Scot coin is building

circular economies, bridging with

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major crypto platforms, and creating

real world change across 54 countries.

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I'm your co-host Anthony Pearl, and

this is the Ethical Crypto Podcast.

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Anthony Perl: Well, hello

everyone and Temple.

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Welcome.

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Temple Melville: And

good morning to you, sir.

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Anthony Perl: And I suppose we've

got a lot to talk about really,

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because, uh, Scott Coin is out there

officially, but what a journey it's been.

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Temple Melville: Well, yes.

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No, I mean, uh, very exciting.

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Just we're about six weeks

in from our listing on.

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Um, how we even got to

Mexi is a story in itself.

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Uh, and we are really pleased because

Mexi is a, a top 10, even a top five most

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of the time, uh, exchange for crypto.

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Uh, and that really means something.

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Um, and there's a lot of things have flown

from that, which is really, really nice.

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Anthony Perl: Well, we're

gonna come to the journey in a.

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Little bit, but I want to know firstly

where things at right now and where's

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it going in the immediate future.

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Temple Melville: Well, the, I, we've

deliberately said the, the listing

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is not the end of the journey.

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The listing is just the start

of the journey in many ways.

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we, we've done everything we can

to make it right, touch wood.

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Uh, we've, um, got very good partners

with, uh, people we work with and so on.

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Uh, and the really nice thing about

it is that the, the reason that

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we're on Mexi more than anything, I.

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that they really like what we do.

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Uh, and that is such an important

thing from my point of view,

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because that's what we're all about.

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We're all about helping people.

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We're all about making

things better for people.

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Uh, and we're all about trying to make.

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Uh, the planet a little bit greener

and people are a little bit better off.

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And they, they really got onto that.

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They understood that from the minute

they, they actually approached us

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and said, listen, we've read about

this, we love it, we want to do it.

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Uh, and it's, you know,

an amazing thought.

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So that's, that's where we are.

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We're very definitely, I mean, even since

we've listed, we've managed to do two or

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three other things with various charities.

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We had, uh, uh, two, um, two lots

of clothing, big lots of clothing.

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A total of about 5,000 items, uh,

which went to two different charities.

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Uh, and you know, we had very

nice, very nice feedback from them,

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of course, but why wouldn't they

if they get something like that?

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Uh, and we are not about

giving people money.

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Uh, we don't think that works

terribly well in lots of cases.

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Uh, and what tends to happen is that it

gets used up in various ways of, uh, you

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know, administration and things like that.

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What we do is we give people Scot coin for

the product and they're delighted because

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they can do all sorts of things with it.

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And we, we are delighted because

we're able to then use the,

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the product that they have.

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So that's our, that's our way forward.

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Um, there's quite a few other

things that are happening.

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What I would describe in a

technological way, uh, for example,

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we are in the middle of a program

to create a cross channel bridge.

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We'll be bridging with Solana.

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Which will put us into,

uh, the radium pool.

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Uh, and, uh, we have, we have, we

think it's gonna be a really good

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thing from Scott CO's point of view.

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also on, uh, unis Swap,

which is working quite well.

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Uh, and, um, in general, I mean,

we're, we're, we've got a nice

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turnover on, on the exchanges.

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Uh, we've got a nice take up.

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Um, you know, and the people

we're working with are all happy.

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That's the main thing, you know,

that's what we really try to do.

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Anthony Perl: I think it's

important for people to.

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Understand the impact that you're making,

but talk for a minute to the people out

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there who are listening, who are intrigued

by the idea of what this is, but maybe

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don't fully understand how it works.

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So give us that insight about what

the actual way that you see Scott

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Coin working now and into the future.

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Temple Melville: Well, there's two,

there's there's two strands here, I

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think is the best way to describe it.

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Is there.

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Before we were listed, the, the main

strand was we would go to, for example,

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uh, clothing manufacturers who had excess

clothing that they wanted to get rid of.

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Now, this is one of the big issues

with clothing that, that all these

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people who make clothes always have

stuff that they're trying to get rid

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of, but for one reason or another.

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Uh, and, and you know, it's really bad.

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A, it's bad.

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They produce more than

they need, and b, it's bad.

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They then, in most cases just burn it or

bury it or whatever, you know, so, um, and

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in fact it costs them money to do that.

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I mean, here in the uk if you say,

I've got, you know, to burn so

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many hoodies or whatever it is, you

know, there's a, there's licenses,

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there's all sorts of things.

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It costs money.

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Um, so what we do is we were

going along to them and saying.

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No, you don't need to do that.

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Give us what you've got.

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We'll give you Scot coin.

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We'll give the product to charities

and various other entities and, uh,

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you know, you, you can then use the,

the Scot coin in your own ecosystem.

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And they, they've tended to do that, uh,

and they, quite few of them have got what

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I call the 10th cup of coffee syndrome.

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So you buy a t-shirt and you get

a hundred Scott Coin and you build

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that up and when you've got a

thousand, you get a free T-shirt.

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And that's a really nice

ecosystem, which is.

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and it's really good, um,

and that that will continue.

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But the nice thing now is that the people

with the doing the clothing will be,

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if they wish, be able to sell SCO coin.

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Now to date, none of the people who

we've, uh, uh, paired with, shall

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we say, uh, have indicated at all

that they want to sell, they're

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quite happy to have it within their.

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Uh, armory, shall we say,

of um, marketing methods.

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And, you know, that's really nice as well.

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the other way we're working and we,

we have this, uh, in fact in our white

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paper, we deliberately say that we will

have what we call preferred partners.

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Now, a preferred partner just means

somebody who will accept Scott Coin in

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exchange for their goods and services.

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So, um, for example, I, I'll.

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One of the things we're just working on

at the moment is with a, with a very large

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milk producer and baby food producer.

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Uh, and the idea is that we will be giving

Scot coin to people who are in need of

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getting free milk effectively, uh, and

free baby milk, uh, and formula and so on.

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And the, the whole point there

is that we give the tokens to

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the people who need the product.

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They go along to various

places, which will be, uh.

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Made out as to which

places will accept it.

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Uh, and they go in and they say,

please give me 10 pints of milk, or

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Please gimme five bottles of baby

formula, or whatever it might be.

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And, um, they get it and they

exchange it for score coin.

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then the people who are accepting

the S score coin, again, it's

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up to them what they do with it.

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Obviously it's their money, if you like,

uh, will decide what they want to do.

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But in general, we think

they'll probably work on a, a

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similar circular economy type.

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Anthony Perl: Which is fantastic.

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You know, that's the ability

to make that impact in thinking

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about things in a completely

different way by, by giving that up

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Temple Melville: Hmm.

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Anthony Perl: then people

ultimately benefiting from it.

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I think this is, uh, it's, it's

closing a missing gap really, isn't it?

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That's, that's existed in the, in the

marketplace that people have wanted to

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do something, but you know, there, there

needs to be a value attached to it,

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and this is a nice way of doing that.

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Temple Melville: Yeah, the, the,

the, the, one of the things we, we

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think and we we're quite sure about

is that people, um, need respect.

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And in order to do that, you

have to have some method of.

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Uh, giving them something not for

free as such, but with, with a,

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uh, you know, it, it feels nice.

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You pay for something that's good.

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You, you know, it's a good thing.

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and, um, we, we've found, interestingly

enough, we have a, a project,

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which is a shop where you can go.

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you can pay in SCO coin, or you can pay

in cash, or you can pay in, uh, food.

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In fact, you can give them tins of

food and they've got a whole range

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of things, clothes, food, you know,

furniture, all sorts of stuff.

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And you just, you can get it.

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And that's been very successful 'cause

people, uh, that it is not just.

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Money.

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You need to make things work.

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You need to have, uh, goodwill and

you need to have effort, and you

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need to have people who are prepared

to put the time and trouble in.

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Uh, and fortunately we have

a lot of people who do that.

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Anthony Perl: And is ultimately

seeing then the value because of the

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impact you make in the, in the rise

of the value of Scott Coin itself.

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Temple Melville: Yes, I, I am, I, when

I, we've been doing this for a long time.

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Scott Coin originally started in

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form, but it, that's when it started.

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We got involved in 2016, and from our

point of view, we said at that time,

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this is not a get rich quick scheme.

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If you want to get rich quick.

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You know, don't do it.

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and um, we've, we've stuck to that and

we get, we get a certain amount of,

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uh, smash is what I call it from people

saying, why haven't you done this?

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Why haven't you done that?

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And the short answer is, is because

in the short term, yes, it might

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put the price up, but in the

longer term, know, probably not.

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and um, so we are, we are very keen

to have a, uh, steady exchange rate.

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We're very keen to have an ongoing.

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Uh, commitment to make it work.

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Uh, and we're very keen to have people

who recognize that and are not, you

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know, what we call punters who just

come in and go out and pull the rug

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and that's it, you know, no use at all.

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Um, so from our point of

view, we're, hang on a sec.

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From a.

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From our point of view, we're very

pleased with the way things are

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going at the moment because we've

seen, uh, a very good, uh, turnover.

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I mean, it's, uh, you know, it's a lot

of money every day, which is great.

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Um, and, um, uh, you know, we,

we feel quite confident that

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it's a long term situation.

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It's not a short term situation.

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Um, and we've all, the other thing

we realized quite early on is

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that simply giving people money.

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mean, of the problems we have with

dealing with charities and various other

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charitable type institutions is that

the thing they want is money because

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they have overhead expense, which is in

quite a lot of cases, a lot of money.

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Uh, you know, for example, um, uh, some of

the charities have sort of about 60% goes.

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To the charity, uh, sorry.

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60% goes to the, uh, what they're

trying to do, and 40% goes on admin.

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And we, we don't think

that's a very good idea.

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Um, so we, we've worked quite hard to

get around that and we feel that we've

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done quite a good job on that call.

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Anthony Perl: Yeah, I think that

is an important thing, isn't it?

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Because tradition in the traditional

models, a lot does go on administration,

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and that is a, you know, it's been

a flaw in the system and, and often

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unrecognized by people who are

giving money to organizations, not

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recognizing that administration

max up a very large percentage at

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times of what needs to be done.

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Temple Melville: Well, we, we, we, um.

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None of the management take

any fee, any director's fees,

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any expenses, any anything.

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Uh, and, um, you know, we, we

feel that's the right way to go.

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Anthony Perl: So talk to me then

about the longer term strategy.

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We've, we've, we've delved into where

we are at the moment, but where do you

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see Scott Coin going into the future?

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How and how long is it gonna take to get

to where you see this vision happening?

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Temple Melville: Uh, that's

a $64,000 question, isn't it?

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Uh, maybe it's a 64

USDT question nowadays.

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Anthony Perl: Or maybe it's a, yeah, maybe

it's a 64, uh, million Scott Coin one.

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Temple Melville: be.

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Who knows?

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Anyway, um, I, I think the, I think

the short answer is that it's as long

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as it takes, uh, we, the way that,

uh, our tokens are set up is that,

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um, there is what we call treasury.

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Now, the treasury.

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we have finished doing the current, uh,

uh, of the tokens that exist, uh, we'll

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be around figures 150 million tokens.

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Those 150 million tokens will only be

released at the later of 1 million a year.

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Now it's very easy to work out.

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That's 150 years worth.

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Uh, and so we are quite sure that that's

going to happen, you know, over the time

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will be long gone of course, but hopefully

there'll be people who want to take it on.

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Um, the other point about that is

that, uh, the, the first 1 million

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won't be released until one year after.

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Listing.

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So in other words, it'll be next

February time, February 22, 6

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before any get list get listed.

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And the other point is that anything that

is not used in the year will get burned.

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So in other words, there's

not going to be an overhang.

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We won't suddenly find five years down

the line there's about 10 million waiting

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to, to get flogged off or whatever it is.

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They just won't be there

because they'll be gone.

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And we, again, we think that's important

because it's important to maintain a.

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Uh, a solid basis for your token.

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There's no, there's no point throwing

tokens all over the place and doing stuff

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'cause it just disappeared down the train.

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we are very, we are

very pleased with that.

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So we're very pleased that we're gonna

have a long-term future on that basis.

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Uh, we continue, uh, on

a daily basis, I may say.

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Uh, to have discussions with various

projects and people and, uh, uh, shops,

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you know, and, and manufacturers and

all that in order to extend what we

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offer people, uh, in the way of, you

know, food and all sorts of things.

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Uh, and that that is an ongoing.

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Project and we'll continue.

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You know, as long as I'm involved.

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Certainly, that's for sure.

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Um, uh, and, but the other thing

that's really interesting talking

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about going forward, uh, so we, we

listed and, you know, we could hardly

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get, there was a lot of people we

couldn't even get to talk to us.

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'cause they said, well once you

listed, you know, we'll talk to you.

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And all of a sudden I.

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day before when we announced

we're listing tomorrow, uh, I got

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flooded with people saying, oh,

right, okay, you're listing, right.

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Let's talk about this,

that, and that thing.

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And I, I mean, I've spent the last month

doing nothing virtually than talking

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to people about different things.

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And there's a lot of them, for one

reason or other, that just that the

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fit isn't right and this isn't quite

right, or that's not quite right.

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But we do our very best to make sure

that what we do work with works well.

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Uh, and that's, you know,

I think quite important.

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The other thing that's absolutely

fascinating to me is, so as I said, Mexi

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is a top 10, uh, uh, worldwide crypto,

very big, you know, millions of customers.

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Billions of turnover.

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and uh, because of that we have, I mean, I

couldn't give you the exact numbers 'cause

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I haven't bothered to count them, but

it must be 30 or 40 other exchanges have

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come to us and said, Hey, I see you're

on Mexi, how would you like to be on us?

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You know?

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And the short answer is, some

of them we probably might.

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an awful lot of them, you know, we

wouldn't want to be, uh, and there

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are different reasons for being

listed on different exchanges.

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For example, I mean,

Mexi is a worldwide one.

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We appreciate that.

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But there, there are certain areas where

it would be good to have a representation.

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So I'm, I'm slightly making this up, but

let's just say it would be good to have

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an exchange, uh, that concentrated on,

uh, people in Singapore, for example, and.

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We've got somebody we're talking to Uh,

it would be good to have a, a, a European

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based exchange for a variety of reasons,

and we're talking to somebody there.

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Um, so there's different reasons for,

and, and those are not big exchanges.

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They're relatively small

exchanges, but the point is

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that they are serving a niche.

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And a niche is a very important thing.

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I mean, that's, uh, uh, how people

make fortunes is by servicing a niche.

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Um, so we're really hoping that, uh,

one or two of these people will, uh,

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come to fruition and there's no reason

why they shouldn't, but you never know.

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and we're gonna be very pleased indeed to

have them on board with us, and we hope

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they will be pleased to have us as well.

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Anthony Perl: And there's nothing wrong

with the scarcity model, uh, which

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is, you know, in part of, of what you

are saying here with both in, in terms

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of where it's listing, but also in

terms of making sure that what's not

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used in a year is not, um, is, is not

carrying on to the following year.

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So that scarcity does add value

and, and also heightens the niche.

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Temple Melville: Yes, I think so.

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Uh, I'm, I mean, I, we, we believe,

and you can never be a hundred

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percent sure about these things,

as I, I don't even know how many

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tokens there are out there now.

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I think, I think it must be

approaching several hundred thousand.

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Different tokens that are available.

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Uh, admittedly only the top,

you know, let's make it up.

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200 are worth anything

worth talking about.

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But there are literally hundreds

of thousands of them, and most of

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them are, you know, totally useless.

310

I mean, what are you gonna do with them?

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Um, and we believe, and as I

say, I stress, we believe that

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we are the only crypto that has

what we call an ethical stance.

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Um, you know, people, people talk about.

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Different tokens and so on, but

none of them, none of them focus on.

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people or doing good or anything else.

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And we would be delighted if we,

well, we wouldn't be delighted to

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remain the only one because we'd be

nice to have other people to talk to.

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Um, but in general terms, we would be

delighted as long as there are people

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who are prepared to use crypto in a more.

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Uh, shall we say, um, uh, broader minded

way than just saying, oh, we'll sell the

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crypto and give that to the so and so

because that's, to me, that's, that's

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a, a waste of the resource as it were.

323

I mean, there's so many good

things you could do with crypto.

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Uh, sure you all, I, I bang

on about this because I'm a.

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A bit of a geek.

326

Uh, and I talk about a

thing called Vir, WIR.

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Now, VIR is a, a Swiss-based, uh, It's

what it was not, uh, a digital crypto,

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but it started in the 1930s when

there was no liquidity, uh, anywhere.

329

And these were a group of Swiss

businessmen who got together to try and

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continue to keep their businesses running.

331

Um, and they very successfully did.

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And now.

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Uh, you know, 80 years later or 90

years later, uh, you can go into

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a shop in Switzerland and say,

oh, I'd like that sofa, please.

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Uh, how much is it?

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Oh, it's a thousand Swiss francs fine.

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Here's 700 Swiss francs and 300 via, and

the shop people say, yeah, thanks Jake.

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That's lovely.

339

Thank you very much.

340

Uh, and deliver your sofa for you.

341

he then goes to his suppliers

and buys a spring or whatever.

342

He buys a cloth, whatever it

might be, and pays in via.

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And there, the, the VE in Switzerland

is something like $20 billion a year.

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Now.

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It's huge.

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Uh, the 70,000 businesses that use

it, there's probably approaching

347

a million people use it.

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and it's, you know, it's, it's great.

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And we, we would love to be doing that.

350

We, we think that's a perfectly valid

way of working, and, and worked well.

351

And we, in fact, we've got, we've

got little tiny mini bits of

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it here and there where we've.

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We've bought something for SCO coin

and the people have then used it

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to do something else, but it's,

it's in, its, it's in its infancy.

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It's tiny at the moment, but

we, you know, we'll get there.

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We'll get there, and that would be

my, um, I think the right word is that

357

would be my dream that in, you know,

20 years time, we've got, you know.

358

and lots of people accepting Scotland

coin, not just in Scotland, but elsewhere.

359

I mean, interestingly, uh, one of the

areas where we have had, what I describe

360

as a great success is in Nigeria.

361

Now, lots of people have got sort

of negative feelings about Nigeria

362

for a variety of reasons, but we

were very lucky and we found an

363

extremely good young man who, uh,

really believes in what we're doing.

364

and he, uh, has his own.

365

System and, and, and, and sort of,

uh, e ecosystem in, in Nigeria.

366

Um, and there are, I mean, he has

people that accept Scott Coin for.

367

Um, phone contracts and, you

know, all sorts of things.

368

Uh, and, you know, that's fantastic.

369

I mean, that's, you know, why not?

370

And of course, to a certain

extent, I suppose, you know, the

371

banks in Nigeria are not that

easy to deal with and one another.

372

So something like Scott

Coin is an absolute boon.

373

Uh, and, you know, I'm really

delighted with what he's done.

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Anthony Perl: It's exciting that, that,

uh, and, and I think that's an interesting

375

point as well, is that, you know,

you sort of touched on it there, but.

376

Scott Cornwell carrying the

obvious name and linkage.

377

The idea is that it

does go beyond Scotland.

378

Temple Melville: Oh, absolutely.

379

Yeah.

380

I mean the, the great thing about

crypto, of course, is it doesn't stop

381

at the sea, uh, or even at the border,

you know, uh, it, it, it's everywhere.

382

It's absolutely everywhere.

383

Uh, we have, Scott Coin

has something like 54.

384

Countries where it is held

by a variety of people.

385

And interestingly, they're not all Scots.

386

I mean, I, you know, when I

started all this, I kind of thought

387

to myself, oh, well, you know,

there's lots of Scots in the world.

388

They're all want here, blah, blah, blah.

389

Um, but very interestingly,

it's not just Scots.

390

Uh, we have, uh, you know, what I would

describe as foreign nationals in, in

391

lots of countries that hold Scott Coin.

392

And I've always asked why

do people hold Scott Coin?

393

I've no idea.

394

I have really no idea.

395

I mean, I, I guess there's those

who, um, sort of thought if I buy it

396

now and it'll go up, I'll sell it.

397

Uh, but there are definitely those

who like the idea of what we do.

398

and before now, uh, and we'll probably

do more of this now as well, um, we

399

had a thing whereby somebody wanted, a

product that was relatively expensive.

400

So I'm making this up slightly, but

just to give you an example that.

401

Charities have always got these

gazebo things when they go to events.

402

Uh, and they're about, you

know, between all the bits and

403

pieces, about a thousand quid.

404

So that's quite a big hit in

one go for anybody to take.

405

So we kind of crowdfunded it.

406

So we had people who were happy to pay 10

pounds, 20 pounds, 30 pounds, 40 pounds.

407

Um, to get that organized,

and that's wonderful.

408

You know, that's truly wonderful.

409

Um, so we gave, we gave

the tokens to the charity.

410

The charity then, uh,

crowdfunded it themselves.

411

Um, and it worked absolutely perfectly.

412

Uh, and you know, I'm sure we'll do

more of that because it seems to work.

413

Anthony Perl: I love that.

414

And so tell me more about some of

these projects that are ideal projects

415

that you'd like to be working,

you know, on and into the future.

416

Because you've talked about a couple

of them, but are there some dream ideas

417

that you'd like to pursue in terms of

how you can make an impact with it?

418

Temple Melville: Well, I, I very

much, I mentioned the one about the,

419

the milk and the baby food and so on.

420

Anthony Perl: Hmm.

421

Temple Melville: And that, that I, I

think, is a really good thing to be doing.

422

Um, but we also, um, we, we

work with lots of people.

423

Uh, we work, for example, with a

charity which provides, uh, mental

424

help, uh, for younger people.

425

And part of what they do is

they, they work in a garden.

426

our task, if you like, is to provide.

427

What they need in the garden, you

know, and that includes manure.

428

And I, I love this.

429

You know what, what, what do you do?

430

Oh, buy manure.

431

Um, and, um, uh, the, but the funniest

thing about that was the first time we did

432

it, but we wanted one and a half tons, and

we got in touch with the people and we had

433

a bit of a chat and one thing like that.

434

Anyway, they said, oh yeah, no problem.

435

And they delivered 15 tons.

436

And so this poor garden

hardly actually cope with.

437

One and a half tons, nevermind 15.

438

Uh, and they, but they.

439

Being reasonably resourceful people, um,

got in touch with other garden projects

440

and of course everybody was delighted.

441

They all got this free manure.

442

It was fantastic.

443

Um, and, uh, that, you know, that's

the kind of thing I really enjoy.

444

but that there are, there are

lots of other potential uses.

445

I mean, one of the great things

about crypto is that it's targetable.

446

uh, whereas, uh, you know, if you just

making this up, if you give money to.

447

A charity that's digging wells in

Africa, obviously there is costs

448

that they have and there's costs

for sending the money to Africa.

449

And there's costs for this and costs

for that if you do it in the direct way.

450

So if you get a hold of the person who's

actually digging the wells and say, look,

451

here's a hundred quid, or whatever it

might be, uh, in, uh, in crypto or in,

452

in whatever it did at the local currency.

453

Um.

454

A, they get the whole amount.

455

B, it goes only to that project.

456

It doesn't get siphoned off anywhere else.

457

Uh, and you know, the costs

of doing that are minuscule.

458

I mean, I, I was doing something the other

day and I had to send a sum of money to,

459

well, it was actually to America, but

doesn't make any difference where it is.

460

It's the same everywhere.

461

and I, I can't remember exactly,

but it was going to cost me a.

462

Two or 300 pounds in the,

what I would describe as the

463

conventional trad fire way.

464

um, uh, I thought to myself, hang on,

this is, and it was gonna take 10 days.

465

And I thought, hang on

there must, you know, why?

466

Why are we doing this?

467

And I then sent it using crypto.

468

Uh, it costs me $1 93.

469

and it was there within 10 minutes,

you know, or five minutes even.

470

I mean, what, the, uh, you know,

what's the, what's the drawback?

471

And in fact, interestingly, I had a,

a, a, a conversation with somebody

472

the other day who was trying to set

up, uh, a bank account with one of

473

what I would describe, describe as

the tradify, uh, banks in the uk.

474

there was, I mean, it was incredible.

475

The amount of carry on there was,

um, now, okay, there are still.

476

Uh, hurdles you have to jump through

If you want to set up, uh, you know,

477

an exchange, uh, uh, list, sorry.

478

If you want to set up an exchange

account, you have to go through, uh,

479

KYC, know your customer and a ML, which

is anti-money laundering and so on.

480

Um, and that's absolutely right.

481

You should, you have to.

482

but once you've done that, you're,

you know, you can do what you like.

483

Uh, and, and it's, it's,

it's a huge difference.

484

the, uh, what I would is

Overregulated situation.

485

Uh, and in fact, funnily enough, uh,

somebody just, I noticed on LinkedIn

486

had put up an article just yesterday,

the day before, saying Europe as a whole

487

is overregulated in terms of finance.

488

Uh, and, uh, in many ways, you know,

that, that they're gonna lose out,

489

they will lose out in their question.

490

So we are doing our best to avoid

that, and we are doing our best

491

to make sure that the people

who really need help get it.

492

Uh, and, and there's a, an expression

we use all the time, which is

493

quantitative easing from the bottom up

where the people would least get most.

494

And we, we kind of think

that's the way to go.

495

Anthony Perl: I think it's a, a

amazing the impact you're making.

496

And I, before we wrap things

up, we're gonna go back to the

497

beginning of the conversation.

498

I want to hear a little bit more about

the journey, the immediate journey

499

and the lead up to, uh, to all of

this kind of happening and going live.

500

Because there's a fair bit that

happened in that, I guess the few

501

weeks in the immediate lead up to it.

502

Temple Melville: It's not,

it's not the few weeks.

503

It's actually, if you like, the few

years, uh, I mean it's very interesting.

504

I mean, there's a lot of stuff people

don't really, I mean, everyone thinks you

505

just go, oh yeah, let's take, that's it.

506

But it's not, it's not like that at all.

507

There's an awful lot of

stuff you have to do.

508

Uh, you have to comply

with all sorts of things.

509

Um, and you also, I mean, the exchanges

themselves put you through quite a,

510

uh, a serious, um, uh, inspection,

I think is the way to describe it.

511

and uh, one of the things that, uh, up

outta that was that our, uh, 'cause we

512

are, we are the Scott Coin Project, CIC,

which is a community interest company.

513

And we are regulated by, uh, the

Charitable Commission in Scotland, which

514

is called Oscar, office of Scottish,

uh, community relations and stuff.

515

Anyway, um, they, um.

516

Uh, the exchange said, well, we,

we think you need to have somebody

517

look at your memo and articles of

association, and those are the,

518

the, uh, rules by which you are.

519

is governed.

520

And uh, we did, we, we

said, fine, not a problem.

521

Uh, and we got somebody

to have a look at it.

522

Now you might think all that takes is

somebody spending an hour reading it

523

and going, yeah, or no, or whatever.

524

Anyway, it took us two months to get it

into the shape that we wanted it to be in

525

and, you know, everybody was happy with.

526

Um, so, you know, there's two

months that's gone, uh, and.

527

You know that there were a number

of things like that that happened.

528

Um, but what we do know is having done all

that, we are, what I would describe as in.

529

Perfect shape as far as, you know,

all the regulations are concerned.

530

We have an LEI number, you

know, all this sort of stuff.

531

Um, and it's, it's all important.

532

It all matters and it all

hopefully breeds trust.

533

Um, so that was, that

was part of our journey.

534

So, um, the way that, uh, I dunno if all

exchanges do this, I think it probably

535

is, but Mexi for example, only announced

the day before listing uh, you know,

536

we are listing Scott Coin tomorrow.

537

I.

538

Um, so on the 11th of February, uh,

we put out various, uh, social media

539

and various things, uh, telling

people that was what was happening.

540

Uh, and, um, I mean, that was the

point at which I started to get hit

541

emails from dozens and dozens and

dozens of people, which is great.

542

I mean, it was super, it was

just what we wanted really.

543

and then the next day we had, we

had the listing, Now one of the

544

most important things in listing is

what they call the market makers.

545

So if you, if you just simply, uh,

throw your token onto an exchange,

546

uh, all that happens is that, uh,

you know, everyone goes, oh, ah,

547

I can sell it and they sell it.

548

Uh, but the problem is you

don't want 'em to sell it.

549

You want 'em to buy more, if anything.

550

Um, and so you have to have somebody

who manages the market and they're

551

called market makers, and we

have an extremely good, um, uh.

552

Relationship with our market makers.

553

We've been talking to them

for more than two years.

554

Uh, and, uh, we've, we've had lots

of, I might almost say heated, but

555

I don't mean heated, nasty, I mean

heated, passionate, uh, discussions

556

about various different things.

557

Um, and uh, the really great thing about

it is that what we've ended up with is,

558

uh, a very good relationship with them.

559

Uh, they are extremely supportive of us.

560

Uh, they come to us with ideas,

with different thoughts and

561

so on and so on and so on.

562

And these are all, these are not all

things that are immediately manifest.

563

They are things, you know, we don't,

we don't just say, oh yeah, fine, okay.

564

We go in, we think about these things, and

we look at them from all sorts of angles.

565

we look at them from, from,

um, different aspects as well.

566

You know, is this good for

the long term of the project?

567

And if it's not, we don't do it.

568

Um, uh, or we don't think it is.

569

We, we can be wrong, of course.

570

but that is a really, really good thing.

571

And it was a very exciting.

572

That day, the 11th of February

was a very exciting day.

573

If anything, the listing on the 12th

was a bit of that climax really.

574

But the 11th was the exciting day as

far as I was concerned because suddenly

575

it became obvious that this, this was

really something, this, this was big.

576

And uh, I was so pleased when it

all worked and it all went well.

577

Uh, and um, you know, we just

have to hope that it continues.

578

Anthony Perl: Well, what an amazing

journey It's been, what an amazing

579

journey it's going to be into the future.

580

So, uh, I think we better wrap things up,

but thank you so much for, uh, filling

581

us in on this episode of the podcast.

582

Temple Melville: pleasure

Anthony, and I hope to speak to

583

you again in the near future.

584

Take care.

585

Thank you to Temple Melville from

Scott Coin, and thank you for listening

586

to the Ethical Crypto Podcast.

587

Don't forget to check the show

notes for all the information on

588

how to get in contact with us.

589

And of course, don't forget to

subscribe so you never miss an episode.