TL;DR
- Binance Launchpool introduces Scroll (SCR) token, leveraging zero-knowledge roll-up technology for enhanced security and scalability, compatible with Ethereum Virtual Machine (EVM).
- Farming starts Wednesday, with users locking BNB or FDUSD to earn SCR tokens. Binance allocates 46.75 million SCR for BNB pool and 8.25 million SCR for FDUSD pool.
- Scroll’s strong metrics: $700 million in TVL, $112 million stablecoins market cap, and over 50,000 active addresses, utilized by notable DeFi projects like AAVE and Tranchess Yield.
Binance, the leading cryptocurrency exchange, has announced the launch of its 60th project on the Launchpool platform, Scroll (SCR). This new addition is set to make waves in the crypto community with its innovative zero-knowledge roll-up technology and strong compatibility with the Ethereum Virtual Machine (EVM).
Key Details of the Scroll (SCR) Launch
The Scroll (SCR) token will be available for farming on Binance’s Launchpool starting Wednesday. Users can participate by locking either BNB or FDUSD to earn SCR tokens. The farming period is expected to be brief, ending on Thursday.
Binance has allocated 46.75 million SCR tokens for the BNB pool, representing 85% of the total tokens designated for the Binance listing. An additional 8.25 million SCR tokens are reserved for the FDUSD pool, accounting for 15%.
Tokenomics and Distribution
Scroll’s native token has a maximum supply of 1 billion, with an initial circulating supply of 190 million when listed on Binance. This represents 19% of the total supply. The Launchpool rewards are set at 55 million SCR tokens or 5.5% of the total supply.
Binance has implemented hourly hard caps per user to ensure fair distribution: 97,000 SCR tokens for the BNB pool and 17,000 SCR tokens for the FDUSD pool.
Why Scroll?
Scroll is designed to maximize compatibility with the Ethereum ecosystem, leveraging zero-knowledge rollup technology for enhanced security and scalability. The network boasts over $700 million in total value locked (TVL) and a stablecoins market cap exceeding $112 million.
With more than 50,000 active addresses in the past 24 hours, Scroll is already being utilized by notable DeFi projects such as AAVE, Pencils Protocol, Tranchess Yield, Tokan Exchange, and Kelp DAO.
Future Prospects
As a multi-chain EVM-compatible network, Scroll is well-positioned for exponential growth amid the mainstream adoption of digital assets and Web3 protocols.
The upcoming listing on Binance’s spot trading platform, paired with the strong support from the crypto community, sets the stage for Scroll to become a significant player in the blockchain space.
