Just yesterday, Binance officially announced the new Launchpool project - Scroll (SCR)
When L2 broke out before, Scroll formed the L2 group with ARB, ZKS, STRK, OP, and LINEA
Let's follow the club and analyze what the price of SCR will be after it goes online?
1. Introduction to Scroll
Scroll is an Ethereum Layer 2 expansion solution based on ZK-rollup.
Scroll has completed three rounds of financing:
· Completed seed round financing in October 21, the amount was not disclosed
· Completed A round of financing with US$30 million in April 22
Completed US$50 million in March 23, and completed unknown rounds of financing
Main investment institutions include: Supported by well-known institutions such as Polychain Capital and Sequoia China, with a valuation of US$1.8 billion
Scroll project highlights:
· EVM compatibility: Scroll is fully compatible with the Ethereum Virtual Machine (EVM), which facilitates application migration without modification and reduces costs.
· Decentralized ZK proof: GPU algorithm allows any GPU user to become a proof node, reducing costs and improving security.
· Active community: Twitter followers exceed 590,000, promoting active participation in testnet and development.
· Mainnet performance: TVL reached 54.98 million US dollars in one week, and the ecosystem developed rapidly.
2. Launchpool details
· Start time: October 9 - October 11
· Token distribution: Launchpool will distribute 55 million tokens (accounting for 5.5%). BNB mining pool will distribute 85% of Launchpool tokens, and FDUSD will distribute the remaining 15%.
· Online time: SCR pre-market will be opened at 18:00 on October 11, and spot will be notified separately
3. Price estimation
· Aevo pre-market data: SCR latest transaction price is 1.653 USDT, circulation market value is 314 million US dollars, and FDV is 1.65 billion US dollars.
· Binance backtest: The average annualized return of Launchpool in the past 20 periods is 103%, and the two-day mining yield is 0.6%, corresponding to SCR coin price 1.15 USDT, circulation market value 218 million US dollars, and FDV is 1.15 billion US dollars.
