Coinspeaker Scroll Launches SCR Token for Decentralized Governance, Now Live on Major Exchanges
Scroll announced the launch of its native token SCR today. The platform is a leading zero-knowledge rollup for Ethereum. Its SRC token is set to decentralize decision-making and reward its global community of contributors. The token has started trading on top crypto exchanges.
The SCR token allows users to participate in Scrollâs governance, lending their voice on critical issues that could shape the platformâs future. This is part of Scrollâs broader effort to move away from centralized control and build a truly decentralized ecosystem.
The developers have set aside $100 million for distribution to reward users and foster innovations within the Scroll community. These rewards will go to people who have supported the platform â whether through developing projects, participating in on-chain activities, or contributing to technical advancements. The first round of airdrops will include participants such as developers, hackathon winners, and community organizers.
Innovative Funding Initiatives: Scroll Open and the $100 Million Allocation
Scroll is also launching Scroll Open, a program that provides retroactive grants to builders who create innovative projects on the platform. The goal is to foster creativity and growth within the Scroll ecosystem by supporting the most impactful work with grants of a potential allocation size of $100 million.
The combination of SCR and Scroll Open shows Scrollâs commitment to creating a vibrant community of innovators and developers, ensuring that contributions to the platform are recognized and rewarded.
Trading Launch and Market Reactions: SCR Tokenâs Debut Performance
Scrollâs zero-knowledge technology enhances the speed, security, and interoperability of transactions, thereby increasing the value of the SCR token. Following its launch, the SCR token began trading on major exchanges such as Bybit and OKX. Initial trading prices started at 1.94 USDT USDT $1.00 24h volatility: 0.5% Market cap: $120.56 B Vol. 24h: $41.35 B but have since dropped to 1.268 USDT.
The Scroll (SCR) listing on Binance, initially set for 16:00 (UTC+8) today, has been delayed by one hour. It will now take place at 17:00 (UTC+8). Raza Zaidi, Head of Growth at Scroll, explained the importance of the SCR token launch. He stated:
âThe launch of $SCR embodies the momentum of our protocolâs evolution. This token aims to help decentralize governance while enhancing our technical infrastructure. Our commitment to a fully decentralized ecosystem ensures that $SCR will play a critical role in driving the future growth and resilience of our platform.â
Scroll co-founder Sandy Peng added to Zaidiâs statement that the platform is poised to build a safe and secure decentralized world. Peng noted that the SCR token powers the community and incentivizes users, which helps create a stronger ecosystem. She further mentioned that the launch is just the start of a new beginning, and the community will be a major force driving the platformâs innovation and growth.
The launch has already drawn attention within the crypto community, with commentators like âKing.solâ, who boasts over 120,000 followers, sharing their experiences of receiving SCR tokens after participating in blockchain transactions worth over $100,000, alongside $500 in transaction fees.
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Scroll Launches SCR Token for Decentralized Governance, Now Live on Major Exchanges