Scroll, the Ethereum layer-2 scaling solution, recently launched its native token SCR, marking a significant step towards its decentralization goals. Designed to enhance the scalability and security of the Ethereum network, Scroll’s architecture is built around zk-rollups, a zero-knowledge technology. SCR plays a pivotal role in this system, acting as the platform’s governance token and driving network decision-making while Scroll decentralizes the prover and chain nodes, which verify and order transactions.

Scroll, a scaling solution for the Ethereum layer 2 blockchain, has launched its native token, SCR, to enhance its decentralized network. The SCR token will play a key role in governing the Scroll ecosystem, especially as Scroll decentralizes its proof-of-stake and blockchain operations.

Other coins we have detailed: ERN, ZK, OMNI, IO, W, CKB, CORE, SAGA, ULTI, LISTA, BB, REZ, NOT, STRK, ENA, ZRO, TNSR, INJ, ONDO, DOGS, RENDER, the dollar-backed stablecoin EURI, the new transition from MATIC to POL, and also details about COW. Now, learn about the most buzzing coins in the digital markets: HMSTR, BLUM, and EIGEN.

Key details about SCR

Interest

SCR acts as a governance token, allowing holders to vote on important decisions within the Scroll ecosystem. As Scroll becomes more decentralized, SCR will become more important in guiding the direction of the network. This includes the decentralization of the proof nodes and the chain, key components of the zk-rollups technology that Scroll uses to enhance Ethereum’s scalability.

Airdrop

Scroll has planned a massive airdrop of its SCR token, distributing 7% of the total supply. This airdrop is targeting early adopters of the Scroll platform who have engaged with the testnet and mainnet. The first round of airdrops will begin on October 22, 2024, to reward community engagement and early participation.

Agriculture and trading

SCR is distributed via the Binance Launchpool, allowing users to stake BNB or FDUSD to farm SCR tokens. After the farming process is complete, SCR will be available for trading on Binance starting October 11, 2024. This will allow users to trade SCR for USDT and other assets.

Governance and the Role of Scroll Network

SCR is not just a tradable token; it plays a key role in Scroll’s governance. As Scroll moves toward decentralization of its network, SCR holders will vote on critical matters such as network upgrades and the decentralized operation of proof nodes and chaining, ensuring the smooth running of the zk-rollup protocol.

How to get SCR codes

Participate in Binance Launchpool: Users can stake their BNB or FDUSD tokens on Binance Launchpool to farm SCR.

Participate in Airdrop: Early eligible Scroll users will receive SCR tokens via Airdrop, starting October 22, 2024.

Buy and Trade on Binance: Starting October 11, 2024, SCR will be tradable on Binance. Simply deposit funds and trade SCR with other pairs like USDT or BNB.

How to Buy, Sell and Trade SCR

The SCR offering on Binance Launchpool allows users to earn SCR by staking other cryptocurrencies. The farming process began on October 9, 2024, and will continue until October 10, 2024, offering 5.5 million SCR tokens for farming. Here’s how to participate:

Buy SCR

Users can stake their BNB or FDUSD tokens on Binance to farm SCR. The majority of the farming rewards (85%) are allocated to BNB investors, while FDUSD investors get 15%.

Starting October 11, 2024, SCR will be available for trading on Binance. Users can deposit funds (e.g., USDT and BNB) and trade for SCR through the platform.

SCR for sale

To sell SCR, users can use the Binance trading platform. Simply select an SCR trading pair (e.g., SCR/USDT) and confirm the amount of SCR you wish to sell.

SCR Trading

Once SCR is listed for trading, users will be able to participate in spot trades, limit orders, or set stop losses through Binance. Trading will be available in pairs such as SCR/USDT and SCR/BNB.