SCRAPBIT (SBIT) is priced at $4.89427 at the moment since this time yesterday.
SCRAPBIT (SBIT) saw 24-hour volume of $0, a decrease of 100.00% versus the prior day.
Its current market capitalization is approximately $9788.5M. Liquidity across major Solana DEXes is currently at $4.3K.
Trade SCRAPBIT (SBIT) on Solflare
SCRAPBIT (SBIT) is available to swap it instantly and set limit orders on Solflare — a non-custodial Solana wallet where you control your private keys.
At the current price of $4.89427 with $4.3K in DEX liquidity, SBIT swaps on Solflare execute with minimal slippage through smart order routing across all major Solana DEXes.
Note: Solflare's built-in risk scanner has flagged potential concerns with SCRAPBIT. Always review risk assessments before trading.
Market Data for SCRAPBIT
Market Cap
9.79B
Volume 24h
0
100.00%
Liquidity
4.27K
About SCRAPBIT SBIT
SCRAPBITS: Fueling a Smarter, More Efficient Recycling Ecosystem
SCRAPBITS is the native utility token for our innovative SaaS platform, revolutionizing the recycling industry through aggregation, auctioning, and intelligent data management. It is a functional component of the platform, granting access to its unique features and services, and is not marketed as an investment opportunity or a means to profit from the efforts of others.
What is SCRAPBITS used for?
Access to Premium Features: Holders of SCRAPBITS tokens unlock exclusive features within the SaaS platform, such as advanced analytics, prioritized access to AI-powered material identification tools, and enhanced data reporting capabilities for optimizing recycling processes.
Platform Fees & Transactions: SCRAPBITS is used to pay for various services within the platform, including listing materials for auction, completing transactions on the marketplace, and accessing specialized AI-driven market insights for recycled materials.
Incentivizing Participation: Users can earn SCRAPBITS by actively contributing to the platform's ecosystem. This might include providing accurate and timely data on aggregated materials, participating in educational initiatives, or engaging in community forums focused on improving recycling practices.
Network Governance (Future Consideration): As the platform matures, SCRAPBITS holders may gain the ability to participate in decentralized governance decisions, such as voting on new features, protocol upgrades, or changes to the platform's operational parameters. This aligns the interests of the community with the long-term success of the platform itself.
Key Aspects & Differentiating Factors:
Utility-Driven: SCRAPBITS derives its value from its practical application within the platform, providing a seamless and efficient way to interact with the recycling aggregation and auction marketplace.
No Ownership Rights: Holding SCRAPBITS does not grant any ownership stake in the platform or the issuing entity, nor does it provide any entitlement to profits or revenue generated by the platform.
Consumptive Use Focus: The core purpose of SCRAPBITS is to facilitate the use of the platform's services, rather than as a speculative asset.
Transparency & Traceability: The distributed ledger (blockchain) technology integrated within the platform provides a transparent and immutable record of all transactions and data related to aggregated materials, enhancing trust and accountability in the recycling supply chain.
AI-Enhanced Efficiency: Augmented and artificial intelligence tools are leveraged to optimize material identification, sorting, and matching within the platform, improving efficiency and reducing waste.
Focus on the Recycling Industry: The platform and its token are specifically designed to address challenges and opportunities within the recycling sector, aiming to foster a more sustainable and circular economy.
Important Note: The functionality and usage of SCRAPBITS are carefully designed to fall within the classification of a utility token, focusing on its role in accessing and utilizing the platform's services. It is crucial to emphasize that SCRAPBITS is not intended as a security and does not offer any investment-like characteristics, such as profit sharing or equity ownership.
You can buy, sell, or swap SCRAPBIT directly in Solflare Wallet:
Open Solflare (mobile app or browser extension)
Navigate to the Swap tab
Select SBIT as the token you want to buy or sell
Enter the amount and confirm the swap
Solflare uses smart order routing across all major Solana DEXes to find you the best available price. You can also set limit orders or use DCA (dollar-cost averaging) to automate your trades. For the full walkthrough, see How to Buy SCRAPBIT.
SCRAPBIT is not verified on Solana's token registry, and Solflare's built-in risk scanner has flagged potential concerns. Solflare surfaces on-chain risk data—including holder concentration, mint authority, freeze authority, and liquidity metrics—so you can assess the risks before making any decisions. Exercise caution and always do your own research.
Solflare Wallet includes a built-in Privacy Aggregator that supports private transfers for select Solana tokens. When enabled, Private Send hides the direct on-chain link between sender and recipient wallets—improving financial privacy without external tools. Private Send is optional, disabled by default, and can be enabled per transaction on both mobile and browser extension. Check Solflare to see if SCRAPBIT is currently supported for private transfers.
The safest way to store SCRAPBIT is in a non-custodial wallet like Solflare. Non-custodial means you hold your own private keys—no third party can access, freeze, or control your funds. Solflare supports hardware wallet integration for additional security, and includes a built-in Privacy Aggregator for private transfers that hide the on-chain link between sender and recipient. Available on mobile (iOS and Android) and as a browser extension.
The official Solana contract address for SCRAPBIT is 3ZTD4JV3h6wi257CpWmDEBoE84feV6x5R3ncqXbHz2UW. Always verify the contract address before trading to avoid scams. You can confirm the correct address by searching for SBIT directly in Solflare Wallet.
SCRAPBIT is not currently verified on Solana's token registry. Unverified tokens may carry higher risk. Solflare displays verification status and on-chain risk data for every token, helping you identify potential concerns before trading. Always do your own research.
Multiple tokens can use the same name and symbol. Always do your own research before trading. The top 10 wallets own over 70% of SCRAPBIT, raising centralization risks. There are relatively few holders of SCRAPBIT, which may indicate limited adoption and higher volatility. A single wallet controls a large share of SCRAPBIT, creating centralization risk. SCRAPBIT has limited liquidity, making trades harder and prices more volatile. Over 80% concentration of SCRAPBIT in a few wallets limits fair distribution. Only a handful of LP providers support SCRAPBIT, raising stability concerns.
Disclaimer: This information is for educational purposes only and not financial advice. Always do your own research. Data provided by rugcheck.xyz.
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