Binance now announced supporting the 60th project to be launched on Launchpool, Scroll (SCR). That is going to leverage zero-knowledge roll-up technology, which is much more secure and scalable as well as EVM-compatible. It has evoked great excitement in the crypto community, especially those who are interested in innovative blockchain solutions.
Scroll (SCR) Token Launch: Important Facts
The SCR token will be available for farming at Binance‘s Launchpool from October 9, 2024. In this time frame, users can acquire SCR by locking in either BNB or FDUSD. This window will be very short since it will only last two days and end on October 11, 2024. It therefore is an opportunity for Binance users to participate from the beginning of this project’s growth phase.
For the Launchpool rewards, Binance has allocated a total of 55 million SCR tokens. From these, the BNB pool is given 46.75 million SCR tokens, and the FDUSD pool 8.25 million SCR tokens. To this effect, the circulating supply will start at 190 million, which corresponds to 19% of the one billion SCR tokens.
Why Scroll Is Topping Cryptocurrency Headlines
Roll-ups, in the truest sense, refer to a technology called zero-knowledge roll-up. The project features nothing but first-class technology and rich metrics for currency and operations using such technology. The zero-knowledge roll-up technology ensures that it optimizes the rate at which transactions are processed without compromising the most important security features inherent in the blockchain operation. This would thus result in a greater degree of scalability while still being very trustworthy within the ecosystem.
Scroll is already gaining, with its total value locked reaching above $700 million and its stablecoins market capitalization getting close to over $112 million. Further, it has acquired a good number of users, as more than 50,000 active addresses are interacting with its platform. Some notable DeFi projects that have included Scroll in their projects are AAVE, Tranchess Yield, Token Exchange, and Kelp DAO.
Tokenomics and Distribution
The total supply of Scroll (SCR) is capped at 1 billion. The token supply will be deployed strategically to support the growth and development of the project and its interested users, while the initial 190 million tokens will be circulating upon the listing of the coin in Binance for the rest of the supply to unlock over time. The group has also set an hourly cap to ensure that each user does not exceed the SCR tokens in one pool.
In the BNB pool, there is a 97,000 SCR cap, while in the FDUSD pool, it is at 17,000 SCR.
The procedure is designed to prevent one entity from holding a larger share of influence regarding the allocation of a token that might be going to a single participating entity. This fosters a cause that is decentralized and community-oriented.
Trading Information Before Market Close
Trading for the SCR token will open before markets on October 11, 2024, at 10:00 UTC. The first trading pair offered in this early access will be SCR/USDT where early investors can begin entering into markets before the token’s full launch. Binance has taken the precautionary measure of warning customers against scam offers purporting to be pre-listing offers.
Regional Involvement and Inability to Access
There may be a geo-restriction on the participation in the Launchpool and activities of trading Scroll (SCR) ahead of entering the market. Among the restrictions applied is that involvement cannot come from countries that have severe regulatory considerations, such as the United States and Japan. The qualification for participating in the event lies within the master and regular accounts on Binance; sub-accounts cannot participate in pre-market trading.
Scope and Prospects of Scroll in the Future
As a multi-chain, EVM-compatible network, it is well visible that the future for Scroll is very bright, especially considering the burgeoning wave of more and more Web3 technologies and DeFi. Being aligned with most of the top DeFi platforms certainly will set a good chance for it to turn out to be a major force in the world of cryptocurrencies. The aspects of Binance’s strong support and fast-growing community growth will ensure exponential growth for Scroll.
Investment Considerations
Technology and strategic partnerships make Scroll an attractive player in the crypto market, but investors should be cautious since by nature, the price of digital assets is volatile. Meme coins and new tokens like to appreciate at a high speed over a short period, most of which is drawn by market sentiment and speculative trading.
One thing must be highlighted: investors should not invest money without due research and remain prepared to lose the amount so invested. Scroll’s success will entirely depend on community engagement, technical advancements, and broader incorporation into the crypto ecosystem.
Conclusion
Its zero-knowledge roll-up, in addition to EVM compatibility, puts it a league higher than other projects as these set zeros in the game. Its chances of achieving integration on Binance Launchpool give investors a chance to come in at an early stage, while its technical strengths place it at par with the majority of the emergence landscape of decentralized finance.
As cryptocurrencies continue to advance, the strategy that Scroll could adopt towards scalability and security may open the gates to its more significant acceptance and adoption in institutional as well as retail sectors.
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