Scroll Token: Pioneering Decentralization for a Global Ecosystem
The SCR token represents Scroll's leap into decentralization. With the token launch scheduled for October 22, 2024, and an airdrop snapshot on October 19, 2024, this token empowers Scroll's mission to create a secure, scalable, and decentralized ecosystem for global applications.
The total supply of SCR is 1 billion tokens, with a thoughtful distribution aimed at maximizing ecosystem growth, contributor rewards, and community empowerment. As Scroll moves toward becoming a decentralized rollup protocol, SCR will play a pivotal role in its governance structure, allowing users to shape the protocol's future.
Key Dates:
Airdrop Snapshot Date: October 19, 2024
Token Launch Date & Airdrop Claim Availability: October 22, 2024
This framework ensures that SCR not only drives governance but also strengthens the longterm sustainability of the Scroll ecosystem.
Why Now? The Purpose of SCR Token
The launch of SCR marks a new chapter for Scroll as it builds a scalable infrastructure designed to foster realworld adoption. This token will decentralize Scrollâs core protocol, including governance, proving, and sequencing rights.
1. Governance Rights: SCR token holders will have voting power through the Scroll DAO, ensuring decisions are made by the community rather than centralized entities. This promotes transparency and resistance to control.
2. Proving Rights: SCR will incentivize external parties to run provers, which are essential for the longterm sustainability of the protocol. This creates a decentralized network of provers, critical for the robustness of the system.
3. Sequencing Rights: As Scroll decentralizes the sequencer, SCR will ensure that transactions are ordered correctly, offering liveness and censorship resistance. This guarantees that the protocol provides finality to transactions with optimal user experience.
SCR Token Distribution: A Closer Look
Scroll has designed a strategic token distribution plan to maximize community impact and drive ecosystem growth. Here's a breakdown of the 1 billion SCR token allocation:
Airdrops (15%): Scroll will distribute 15% of the total supply via airdrops. The first airdrop will reward early users and contributors, with 7% allocated now and 8% reserved for future distributions over the next 1218 months.
Ecosystem & Growth (35%): 35% of SCR will be allocated to ecosystem and growth efforts, with 10% earmarked for the Scroll DAO Treasury. This ensures valueadded participants are rewarded, and the ecosystem continues to grow globally.
Scroll Foundation Treasury (10%): 10% of SCR is reserved for the Scroll Foundation to fund operations and steer the protocol's early development.
Core Contributors (23%): The team and advisors behind Scroll will receive 23% of the total token supply, recognizing their contributions. These tokens will unlock over four years.
Investors (17%): 17% of the total supply is allocated to the investors who made the Scroll project possible. These tokens will follow a vesting schedule, unlocking gradually over four years.
Airdrop Snapshot and Token Utility
The airdrop snapshot on October 19, 2024, will determine who is eligible for the first token distribution. The aim is to reward onchain users who have actively engaged with Scrollâs ecosystem. The token launch will be followed by a claim period starting on October 22, 2024.
The utility of SCR goes beyond governance, proving, and sequencing rights. It serves to align the interests of the Scroll community, ecosystem projects, and external contributors. This is designed to create a more robust, userfriendly platform that appeals to developers and users worldwide.
Role of SCR in Decentralization
The SCR token will serve as the backbone of Scroll's decentralized governance model. It will enable the community to have a say in key decisions, ensuring that no single entity can monopolize control over the platform. By decentralizing the prover and sequencer networks, Scroll ensures that its protocol remains sustainable, secure, and adaptable.
Additionally, Scrollâs collaboration with Binance for the Binance Launchpool is expected to boost SCRâs reach globally. By leveraging Binanceâs vast P2P services, Scroll aims to make onchain interactions more accessible to users, particularly in growth economies like those in the global south and South asian.
Conclusion
The SCR token launch is not just a step toward decentralization but a leap toward global adoption. With its thoughtful distribution model, governance features, and ecosystem growth incentives, SCR is positioned to unlock new possibilities for the Scroll protocol. Scroll is next great project.
