Binance recently announced its 60th Launchpool project, introducing Scroll (SCR), a zkEVM Rollup-based scaling solution for Ethereum. Binance would allow users to lock their BNB and FDUSD to receive SCR airdrops.
Let's explore what Scroll brings to the table.
Scroll is a Layer-2 solution built on Ethereumâs zkEVM (Zero-Knowledge Ethereum Virtual Machine), designed to solve Ethereumâs scalability challenges.
The protocol uses zero-knowledge proofs to bundle transactions off-chain, which are then verified on the Ethereum mainnet. This reportedly reduces both transaction costs and processing times, making Ethereum more efficient and scalable.
Key Features of Scroll
Scroll's zkEVM technology, along with its other features, sets it apart in the Layer-2 landscape.
Hierarchical Zero-Knowledge Proof System
Scroll leverages a zero-knowledge proof system to ensure efficient verification while maintaining compatibility with Ethereumâs existing infrastructure. This makes it easier for decentralized applications (dApps) to migrate to Scroll.
Communication Channels
Scroll is designed to integrate with other Layer-2 networks, creating opportunities for dApps on different networks to communicate with each other. This fosters collaboration and partnerships between various decentralized applications, improving the overall ecosystem.
Layer-2 Mining
In Scrollâs ecosystem, users can mine zero-knowledge proofs. Miners are incentivized to generate these proofs, separating the transaction packing and mining processes, reducing the issue of maximal extractable value (MEV).
How to participate in Scroll on Binance Launchpool
đ„Farming Period: From October 9, 2024, 00:00 UTC to October 10, 2024, 23:59 UTC, Binance users can lock their BNB and FDUSD in dedicated pools to earn SCR.
đ„Total Token Supply: 1 billion SCR.
đ„Launchpool Rewards: 55 million SCR, or 5.5% of the total supply, will be distributed to participants.
đ„Hourly Hard Cap: Users can earn up to 97,395 SCR from the BNB pool and 17,187 SCR from the FDUSD pool.
Once the farming period ends, Binance Pre-Market will list the SCR/USDT trading pair on October 11, 2024, at 10:00 UTC. However, this service is not available in all regions.
Step-by-step Guide
đGet a KYC-verified account on Binance exchange;
đAcquire some $BNB or $FDUSD tokens on the same account;
đVisit the $SCR IEO page:
https://launchpad.binance.com/en-AE/?ref=KVORQZLD
đStake tokens in the $BNB or $FDUSD pools;
đWait until the end of the event;
đGet your $SCR tokens and enjoy pre-market trading.
What is Binance Pre-Market?
Binance Pre-Market allows users to trade tokens like SCR before they are officially listed on the spot market. It offers early access to promising tokens, enabling traders to establish positions ahead of the general market.
Pre-market trading will conclude at least four hours before the official spot listing, offering a smooth transition into the main market.
The amount of SCRs received depends on the deposits in staking pools and the period for which they are stored there. To increase the reward, you need to join the farming in advance or at the very beginning. Take into account all the risks if you decide to buy BNBs specifically for this campaign. For users who have owned a native BSC network token before, participation will only cost them a liquidity lock for the duration of the campaign.
Highlights:
đStaking is open until October 11, 00:00;
đ$80 million has been invested in the project;
đThe farming period is 2 days.
Don't miss the Opportunity Folks, Scroll looking super Bullish personally for me and I'm expecting good returns here long-term!
#SCRLaunchpoolStarts! #BinanceLaunchpoolSCR #BinanceLaunchPoolđ„
