On Binance, the initial token launch was scheduled at 8:00 (UTC), but it has been delayed an hour to 9:00 (UTC), according to an official announcement.
Following the listing, SCR currently trades at $1.25, bouncing to the current level from a previous drop to $1.21. The coin has a market cap of around $238 million and an FDV of $1.25 billion.
Scroll Has Airdropped SUSHI for the First Time
According to a message posted on X on October 21, Scroll participated in the first airdrop with the motto “it is together who made it happen” which denotes the joint efforts and inputs that have helped in driving the success of the project towards its successful completion.
Officialdata from Scroll reveals that over 100cities in 30countries and over 90 organizations across the globe partner on the project.
As at today October 22, People are allowed to make their claims for the airdrop and such claims are expected to last for about 90days.
SCR airdrop distribution is planned in the following order:
Community Participants – Persons who made efforts on on-chain activities most especially through Scroll’s session program.
Ecosystem Projects – Have made efforts of building on the Scroll platform, in promoting its network development.
Industry Contributors – All technical contributors ZK researchers open source developers and public goods supporting organizations in the Ethereum ecosystem.
Global Community – Including event organizers, hackathon winners, participants of the Road to DevCon initiative, and Ethereum translators.
Very detailed Procedures on Airdrop Allocation
About 5.5 percent which is estimated to be 55 million of the total token supply has been set aside for community members as allowances.
When completed, 40 million tokens which constitutes 4 percent of the total token supply will be shared equally amongst participants who earned over 200 marks by the cut-off date of October 19 2024.
As a Flat Boost, one tenth of the token supply worth 10 million tokens, 1% of the total token issued is given to all eligible on-chain participants equally.
In addition, Onchain Bonus worth 5 million SCR tokens accounting 0.5% of total token issued is given to all eligible participants.
What is Scroll (SCR)
Scroll (SCR) is an Ethereum Layer 2 scaling solution that seeks to expand the capacity of the blockchain without compromising on security or decentralization.
Scroll utilizes zkEVM technology (zero-knowledge Ethereum Virtual Machine) which empowers it to execute quicker and more efficient transactions on Ethereum in a secure and compatible manner.
Through Scroll’s zkEVM, developers are able to host an Ethereum-compatible smart contract which enables a smooth transition of dApps while operating within a highly scalable environment that has very minimal transaction costs.
The vision that drives Scroll is to scale Ethereum beyond its current capabilities, enabling access to blockchain technology for billions around the globe.