Binance and OKX launch Scroll (SCR) pre-market trading
What is Scroll?
Scroll is a zkEVM Rollup solution designed to enhance the scalability, security, and decentralization of the Ethereum network. By using zk-rollups, Scroll helps reduce transaction costs and increase throughput without compromising Ethereum's security.
The $SCR token is central to this mission as it is designed to facilitate the decentralization of Scroll governance, proof-of-stake mechanisms, and ordering operations.
Why is the $SCR token important?
Governance: $SCR holders will have governance rights through the Scroll DAO. This allows the community to propose and vote on protocol changes, making Scroll a truly decentralized and community-driven project.
Attestation: In the long term, $SCR tokens will be used to incentivize third-party attestors who verify transactions on the Scroll network. This helps secure the network and ensure its scalability.
Ordering: Once the proof process is decentralized, the $SCR token will play a key role in decentralizing the ordering of transactions, ensuring the network remains secure and censorship-resistant.
The $SCR token is also critical to the growth and sustainability of the Scroll ecosystem. By rewarding early contributors and users, Scroll distributes ownership of its protocol to a broad audience, fostering community involvement and long-term engagement.
SCR Token Distribution and Airdrop Details
To better understand how $SCR is distributed, here is an overview of the total token distribution:
Airdrop - 15%: The first airdrop will distribute 7% of the total token supply to eligible users, while 8% is reserved for airdrops over the next 12-18 months.
Ecosystem & Growth - 35%: This allocation supports the growth and development of the Scroll ecosystem, rewarding contributors and projects that contribute value.
Scroll Foundation Treasury - 10%: This allocation is reserved for the Scroll Foundation, which will use these tokens to ensure the long-term success of the protocol.
Scroll Core Contributors - 23%: Team members, future contributors, and advisors are rewarded for their efforts in building the Scroll network.
Investors - 17%: Early investors who help fund Scroll development will receive a portion of the total supply.
$SCR tokens have several important uses:
Governance: As a $SCR holder, you will be able to participate in the governance of Scroll through the Scroll DAO. This means you can vote on important protocol updates and decisions, ensuring the protocol remains decentralized and community-driven.
Proving and Sequencing: The future of Scroll relies on decentralized provers and sequencer processes. $SCR tokens will be used to incentivize provers and maintain the security and efficiency of the network.
Ecosystem Growth: A portion of the $SCR token supply is allocated to foster growth within the Scroll ecosystem, ensuring its long-term sustainability.
Project Analysis
Scroll has a bright future as an Ethereum-compatible layer 2 network. With its decentralized governance model and zk-Rollups technology, the Scroll Network aims to become a key player in scaling Ethereum.
SCR token holders will play a key role in guiding the growth of the network, making it more decentralized and powerful over time.
