Original | Odaily Planet Daily (@OdailyChina)
Author｜Nan Zhi (@Assassin_Malvo)
This afternoon, Binance released an announcement that it will list Scroll (SCR) on Launchpool and pre-market trading, and will be the first CEX to list SCR. South Korean trader @definalist posted on the X platform that Upbit and Bithumb have tested Scroll transactions on the chain, which may imply that these two exchanges will also list Scroll.
Odaily will briefly analyze the Scroll business, Launchpool rules and make price predictions in this article.
Scroll for a quick overview
Scroll is an Ethereum Layer 2 scaling solution based on ZK-rollup, which aims to solve Ethereum's scalability problems, increase transaction speed and reduce transaction costs.
Financing
Scroll has completed three rounds of financing, including:
The last round of financing was completed in March 2023, with a financing of US$50 million, with participation from Polychain, Sequoia China, Bain Capital Crypto, Variant Fund, IOSG Ventures and others.
The A round of financing was completed in April 2022, with a financing of US$30 million, led by Polychain, and participated by Bain Capital Crypto, Robot Ventures, Geometry, etc.
The seed round was completed in October 21, and the amount of financing was not disclosed. Mask Network, Inception Capital, and A&T Capital participated in the investment.
Key events and data
The Scroll mainnet will be launched on October 17, 2023;
Scroll launched Session Zero in April 2024, which can be understood as Scroll's official points activity or loyalty program. Users can obtain Scroll Marks by participating in officially designated cross-chain and deposit activities;
Scroll launched Session One in June 2024. This event further expanded the ways to obtain Scroll Marks, and Scroll officially entered the points era.
Dune statistics show that there are 208,000 Scroll independent addresses with a TVL of $160 million. The points are as follows:
Launchpool Details
Start time: SCR mining will start at 08:00 (UTC+8) on October 9 and end at 07:59 (UTC+8) on October 11, for a total of two days.
Token distribution: The total amount of SCR is 1 billion, with an initial circulation of 190 million (19%). Launchpool will allocate 55 million tokens (5.5%). BNB mining pool will allocate 85% of Launchpool tokens, and FDUSD will allocate the remaining 15%.
Trading time: Binance will open the SCR pre-market at 18:00 (UTC+8) on October 11, and the spot trading opening time will be notified separately. For detailed rules and participation procedures of the Binance pre-market, please refer to (Binance is making another effort, will spot pre-market trading trigger a BNB flywheel effect?).
Price Estimation
Aevo pre-market market shows that the latest transaction price of SCR is 1.653 USDT, corresponding to a circulating market value of US$314 million and a FDV of US$1.65 billion.
According to the backtest of Binance Launchpool, the average annualized rate of return of Launchpool in the past 20 periods is 103%, which is equivalent to an absolute rate of return of 0.6% for two days of mining, corresponding to an SCR price of 1.15 USDT, a circulating market value of 218 million US dollars, and a FDV of 1.15 billion US dollars. The detailed data is shown in the following table:
