IMPORTANT: Binance will be the first platform to list the token mentioned herein, with Pre-Market trading starting at 2024-10-11 10:00 (UTC) / 23:00 (NZDT).
Fellow Binancians,
Binance is excited to announce the latest project on Binance Launchpool - Scroll (SCR), a Bytecode-level compatible zkEVM Rollup. The webpage is estimated to be available in 24 hours, before the Launchpool starts.
Users will be able to lock their BNB and FDUSD to receive SCR Airdrops over two days, with farming starting from 2024-10-09 00:00 (UTC) / 2024-10-10 13:00 (NZDT).
Pre-Market
Binance Pre-Market will then list SCR at 2024-10-11 10:00 (UTC) / 23:00 (NZDT) and open pre-market trading for the SCR/USDT trading pair. Pre-Market end time and spot listing time will be announced at a later date. Please stay tuned for our upcoming announcement. Participation in Binance Pre-Market is subject to eligibility based on the user's country or region of residence.
SCR Launchpool Details:
Token Name: Scroll (SCR)
Total and Max Token Supply: 1,000,000,000 SCR
Launchpool Token Rewards: 55,000,000 SCR (5.5% of total token supply)
Initial Circulating Supply When Listed on Binance: 190,000,000 SCR (19% of total token supply)
Smart Contract/ Network Details: Scroll Network (0xd29687c813D741E2F938F4aC377128810E217b1b)
Launchpool Terms will apply and KYC completed to Binance’s satisfaction is required
Hourly Hard Cap per User:
97,395 SCR in BNB pool
17,187 SCR in FDUSD pool
Supported Pools:
Lock BNB (webpage will be available in around 24 hours): 46,750,000 SCR in rewards (85%)
Lock FDUSD (webpage will be available in around 24 hours): 8,250,000 SCR in rewards (15%)
Farming Period: 2024-10-09 00:00 (UTC) / 2024-10-10 13:00 (NZDT) to 2024-10-10 23:59 (UTC) / 2024-10-11 12:59 (NZDT).
SCR Farming Accumulation
Read about Scroll (SCR) in our research report here, which will be available within 12 hours of publishing this announcement.
Project Links
Please note:
Binance Pre-Market users are subject to a maximum holding limit of tokens. If a user's current Spot Account holdings exceed the holding limit, they will not be able to purchase additional tokens in the Pre-Market.
Only master accounts and regular user accounts are eligible to participate in Binance Pre-Market (sub-accounts will not have Pre-Market trading permissions).
Withdrawal, transfer, and deposit functionalities are suspended during the Pre-Market period. Please refer to Binance Pre-Market FAQs for more details.
Users need to upgrade the Binance App version to 2.89.0 and above.
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their Spot Accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be locked in one Launchpool offer at a time. For example, if User A has 100 BNB, they cannot lock 100 BNB in Launchpool offer A and concurrently lock some or all of that BNB in Launchpool offer B. However, User A can divide their BNB holdings across multiple Launchpool offers. For example, User A can allocate 60 BNB into Launchpool offer A and 40 BNB into Launchpool offer B.
Tokens can only be locked in one pool at a time when the user locked BNB in BNB Earn Product. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.
Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s Spot Accounts at the end of each farming period.
Users who have locked their BNB in Flexible Products and Locked Products, including Binance BNB Simple Earn Flexible and Locked will automatically participate in the Launchpool, and receive new token rewards.
If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally unless otherwise specified.
BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Web3 MPC Wallet will be supported in Launchpool reward calculation.
BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops and VIP benefits.
Spot Copy Trading will be enabled for the aforementioned token within 24 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
Thank you for your support!
Binance Team
2024-10-09
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