Scroll ($SCR) is the first project on Binance Pre-Market and also the latest project on Binance Launchpool that allows users to earn tokens simply by staking BNB or FDUSD. In this guide, we will analyze what Scroll is and show you how to participate in the ongoing Scroll Launchpool event.
What is Scroll?
Scroll is a security-focused scaling solution for Ethereum. Scroll solves Ethereum's scalability issues with a next-generation Layer 2 solution built on zkEVM (Zero-Knowledge Ethereum Virtual Machine). Think of the Ethereum mainnet as a congested highway. Scroll acts as additional lanes, processing transactions off-chain before securely packaging them for verification on the mainnet.
This off-chain processing, powered by zkEVM, significantly reduces transaction costs and speeds. zkEVM uses cryptography to prove the validity of transactions without revealing all the details to the Scroll mainnet. This innovative combination of Layer 2 architecture and zkEVM technology positions Scroll as a game-changer for scaling Ethereum and delivering a seamless user experience.
Binance Announcement
Prior to confirming the SCR listing, Binance announced the launch of Scroll (SCR) available as part of the Binance Launchpool and Pre-Market, allowing users to earn SCR tokens by:
Earn SCR by Staking BNB & FDUSD on Launchpool
Pre-Listing SCR Trading via Pre-Market
The Launchpool event period runs from October 9th to October 10th and during this time, users have a few days to stake their tokens and receive SCR airdrops. This is a time-limited event; therefore, in case of any interest as above, please make sure you don’t let the time pass.
How to Earn $SCR on Binance Launchpool: Step by Step
Visit the Launchpool page
Open the Binance app, click “More”. Scroll down to Earn, find “Launchpool” and tap to go to the Launchpool page.
Note: To participate in Launchpool campaigns, you must have a KYC verified account.
On the Launchpool page, you will be able to view ongoing and past projects. Within each project section, you can view the project's airdrop information and available options to lock your tokens.
For example, BNB Pool means you can lock BNB to get SCR
Stake your Tokens to receive SCR Airdrop
Now it's time to place your bet! To place your bet, you must choose between $BNB and FDUSD, and specify the amount you want to stake. Follow the on-screen prompts to complete the bet.
Minimum Lockup Amount: You need to lock up a minimum of 0.01 tokens to participate in Launchpool. This applies to all lockable tokens.
Start Earning SCR Rewards
Once you have staked your tokens, you will start accruing SCR rewards and the amount earned can be viewed on the launchpool page.
• Farming time: 00:00 09-10-2024 (UTC) to 23:59 10-10-2024 (UTC).
A total of 55,000,000 SCR were available for sale at launch, representing 5.5% of the total SCR supply.
How to withdraw staked rewards and tokens?
You can claim your rewards anytime you want.
Once the Launchpool mining phase ends, you will be able to retrieve your locked tokens along with the SCR you purchased during that phase. Simply return to the Launchpool page and you will see the option to withdraw them all to your Binance Spot Wallet.
Special Tip: Stake a combination of tokens
If you can, try staking in both the#BNBand #FDUSD🔥 pools. This may increase the $SCR tokens you will earn, as different reward rates are offered in both pools.
Pay attention to any updates or announcements on Scroll made on the Binance platform. You don’t want to be left behind when there are new updates and opportunities that could increase your income.
