Scandic launches regulated SNC payment, loyalty token

Scandic Finance Group has launched SNC Scandic Coin, a regulated token intended for payments, access tiers and loyalty rewards across the firm’s services. The project says the smart contract was audited by CertiK and that identity verification, KYC/KYB and AML controls are managed by CRIF. The total token supply is capped at one billion and the Token Generation Event (TGE) is pending.

Scandic plans to accept SNC for a range of services, including media app subscriptions, private jet flights, yacht and car rentals, property transactions, AI products and domain purchases. The group lists internal divisions that will use the token, including Scandic Fly, Scandic Pay, Scandic Cars, Scandic Estate, Scandic DEV, Scandic SEC, Scandic Domains and Scandic Yachts.

The CertiK Skynet report dated March 2, 2026, flagged no critical vulnerabilities, the project documentation states. CRIF is contracted to operate identity checks and AML processes and to handle related ESG certifications. Project materials describe a multi-layered AML risk-management framework and a structured KYC-KYB process intended to meet regulatory oversight and compliance requirements.

Tokenomics published in a white paper and on the project website show a planned launch price of 0.02 euros per token and a notional launch valuation of about $20 million based on that price. The project notes the figure reflects assumptions and is not a legal price guarantee. Technical work for staking is complete and a vesting schedule and token distribution timetable have been published. Scandic says the mainnet is not yet live and that trading will begin after the TGE, with BitMart named among planned initial exchanges.

Security measures listed for token holders include decentralized storage of digital assets, institutional cold wallets and a recommendation to use hardware wallets. Developers describe smart-contract optimizations intended to reduce fees and speed transactions. An FAQ attached to the launch materials says the coin will support payments, access levels, rewards and other ecosystem functions and includes legal disclosures covering technical, market, liquidity, regulatory and execution risks.

The published roadmap shows foundation and development phases, including the audit, as complete. The next steps are the Token Generation Event, partner integrations and a broader international rollout. The project asks interested parties to follow official channels for exact launch dates.

Uwe Sellmer, a financial sector specialist involved with the project, described SNC as “S: Security/Synergy, N: Network and C: Community” and said the name reflects Scandinavian values such as transparency and modern design.