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RE: Announcing the Launch of Hive Blockchain

From what I understand, SCOT tokens are basically on their own "chain" ( I think it's actually just a database currently? ), but they get their data & value from transactions posted via Steem.

So, it should be "relatively" straightforward to port over to Hive ( I say relatively because of course it still be some work involved, don't wanna downplay the sleepless nights some devs are gonna have coming up lol )

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No, the SCOT token transactions are all recorded on the Steem blockchain. They are processed by a different set of servers, though.