Scroll (SCR) will be listed on Binance Launchpool soon
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 two days. Token distribution: The total amount of SCR is 1 billion, the initial circulation is 190 million (19%), and Launchpool will allocate 55 million tokens (5.5%). Among them, 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 Binance pre-market, please refer to the relevant announcement.
Price estimation
According to Aevo pre-market data, the latest transaction price of SCR is 1.653 USDT, corresponding to a circulating market value of US$314 million and a total diluted market value (FDV) of US$1.65 billion.
By backtesting Binance's historical Launchpool, we found that the average annualized return of the Launchpool in the past 20 periods was 103%, which is equivalent to an absolute return of about 0.6% for two days of mining. This means that the reasonable price estimate of SCR is 1.15 USDT, corresponding to a circulating market value of US$218 million and a total diluted market value of US$1.15 billion.
