Of the 1 billion SCR tokens, 15% will be reserved for airdrops, with the first airdrop scheduled for October 22, 2024.
Scroll, a prominent layer 2 network of Ethereum, is set to launch its native token, SCR, with Binance becoming the first exchange to offer pre-market trading of the token. The announcement on Tuesday revealed that users will have access to trading SCR before its official listing on the spot market.
Starting October 9, users can participate in Binance’s Launchpool farming event, where they can stake BNB and FDUSD to farm SCR tokens. Binance has set farming pools, allowing a maximum of 97,395 SCR in the BNB pool and 17,187 SCR in the FDUSD pool. A total of 55 million SCR tokens, representing 5.5% of the total supply of 1 billion, will be allocated for Launchpool rewards.
SCR will have a circulating supply of 190 million tokens (19% of the total supply) upon listing, ensuring a large initial market presence. Binance has yet to reveal the duration of the pre-market or when the token will be available
Scroll’s SCR token represents a crucial step towards decentralization on the platform. The token will play a vital role in governance, proof-of-stake, and chaining within the Scroll ecosystem.
Of the 1 billion SCR tokens, 15% will be reserved for airdrops, with the first airdrop scheduled for October 22, 2024. A large portion (35%) is allocated for ecosystem growth, and 23% is reserved for core contributors
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