đ§ The last big hair of the public chain? ââ Binance Launchpool 60th @Scroll_ZKP project full analysis and launch price estimate!
The much-anticipated Scroll is finally here.
After BLAST, a lot of hot money went to Scroll to kill two birds with one stone.
My bag of points was put to good use again, which gave me some comfort since I didnât make any money from meme!
This time the mining was obviously comfortable! Because Scroll did something I didnât understand â announcing the snapshot time in advance.
Then you can stake on Binance first, and then go to Scroll to continue earning points. This is very friendly to big investors...
Binance will end mining at 8:00 on October 11, 2024, and launch SCR pre-market trading at 18:00. There is less than a day left to mine. Those who have not deposited BNB or FDUSD can do so temporarily.
This article mainly analyzes:
1. Why is Scroll the first ZK L2 chain?
2. Scrollâs Token Model
3. What is the estimated price when it goes online?
4. Binance related research reports
1ïžâŁScrollââZK L2 first chain
Scroll is an Ethereum Layer 2 expansion solution based on ZK-rollup, which aims to solve the scalability problem of Ethereum. The goal is to create an enhanced Ethereum network that combines the advantages of ZK and is compatible with the Ethereum ecosystem.
As an L2, Scroll itself has the security of Ethereum, and its advantages are:
1. Developer-centric: Providing EVM equivalent bytecode, seamless integration of tools, DAPP, and contracts to ensure EVM compatibility.
2. Efficiency: Reduce gas and shorten block time (3 seconds VS ETH's 12 seconds).
3. Highly consistent with the vision of Ethereum.
From a developerâs perspective, Scroll can even be considered as Ethereum itself, and Vitalik Buterin has even recommended it in a tweet.
Many people mind that Scroll is a project led by Chinese people, but what cannot be ignored is that its financing background is really good.
You should know that in the bear market, only one week after the launch of the test network, Scroll completed a US$50 million financing round with participation from Polychain Capital, Sequoia China, IOSG, OKX and others, with a valuation of US$1.8 billion.
The total investment exceeds 80 million yuan. Regardless of whether the VC valuation is inflated, the data directly shows one thing -
This project is at least highly anticipated. It is one of the few popular projects in the declining L2, and Scroll Alliance is very good at generating traffic. It has currently attracted 1.2 billion TVL, and many players have been following it since the test network.
2ïžâŁSCR token model
$SCR is Scrollâs native utility and governance token and can be used for the following functions:
â Governance: It will be enabled on the day of launch. SCR token holders can vote on governance decisions related to the development of the Scroll protocol.
âĄFuture use: SCR will be used as a protocol token for decentralized sequencers and provers, and to coordinate innovations in the multi-chain world to open up a larger market.
âąOthers: SCR will also be used throughout the ecosystem for staking, gas-free transactions, and to coordinate incentives in the ecosystem.
Token name: SCR ($SCR)
Initial circulation: 190,000,000 $SCR (19% of the maximum token supply)
Total Token Supply: 1,000,000,000 $SCR
Binance Launchpool Allocation: 55,000,000 $SCR (5.5% of total token supply)
7% of the airdrops are allocated to users who participate in the Lumao campaign, and 5.5% of the tokens are allocated to Binance mining. Anyway, there is no snapshot yet, so you can do both the Lumao and mining. Everyone has a bright future!
3ïžâŁ Online price estimate
You can refer to the calculation table made by @OdailyChina based on the data of Binanceâs early Launchpoolââ
Currently, the pre-market trading price of gate's SCR is 1.5u. When it opens at this price, the initial market capitalization is 285 million and the FDV is 1.5 billion. This data is not too outrageous for the highly anticipated L2 public chain, and it can even soar further.
So I think the reasonable opening price should be between 1.5-2u.
I would also like to mention the interest-bearing ETH STONE @Stake_Stone on Scroll.
@Stake_Stone I have written a tutorial on killing two birds with one stone before. I guess many people are like me. At that time, I chose to earn Scroll points by depositing STONE, which can achieve: staking & restaking rewards + Stone points + eigen points + scroll marks + tranchess.
Stakestone, which has been strongly bundled throughout the cold start phase, is the asset with the largest TVL on Scroll, exceeding US$300 million.
Binance has only launched two L2s recently, one is Manta and the other is Scroll, both of which are deeply linked to STONE.
So, SCroll is now on Binance, and stakestone is also something to look forward to!
4ïžâŁBinance related research reports
https://www.binance.com/zh-CN/research/projects/scroll
Pre-market trading time: 18:00, October 11, 2024. The spot opening time has not yet been announced.
