Scroll ($SCR ) is the first project on the Binance Pre-Market and the latest addition to the Binance Launchpool, allowing users to earn tokens simply by staking BNB or FDUSD. In this guide, we’ll explain what Scroll is and show you how to participate in the ongoing Scroll Launchpool event.
What is scrolling?
Scroll is a security-focused scaling solution for Ethereum. Scroll solves Ethereum’s scalability problems with a next-generation Layer-2 solution built on zkEVM (zero-knowledge Ethereum Virtual Machine). Think of the Ethereum mainnet as a congested highway. Scroll acts as additional lanes, processing transactions off-chain before securely bundling them for verification on the mainnet. This off-chain processing, performed by zkEVM, significantly reduces the cost and speed of transactions. zkEVM uses cryptography to confirm the validity of transactions without revealing all the details on the Scroll mainnet. This innovative combination of Layer-2 architecture and zkEVM technology positions Scroll as a game-changer for scaling Ethereum and delivering a seamless user experience.
Source: @TrustWallet A Beginner's Guide to Scrolling
Binance Announcement
Prior to the confirmation of SCR listing, Binance announced the start of the Scroll (SCR) sale through Binance Launchpool and Pre-Market, allowing users to obtain SCR tokens in the following ways:
Earn SCR by staking BNB and FDUSD on Launchpool
Trade SCR before listing in pre-sale stage
Get all the details about Scroll Launchpool and Pre-Market
The Launchpool event period runs from October 9th to October 10th, and during this period, users are given the opportunity to stake their tokens for a couple of days and receive SCR airdrops. This is a limited-time event; so, in case of any interest as stated above, make sure you don’t miss this window.
How to Make Money $SCR on Binance Launchpool: Step by Step
Access the Launchpool page
Open the Binance app, click "More"
Scroll down to the Earn section, find Launchpool and click to enter the Launchpool page.
Note: To participate in Launchpool campaigns you must have a KYC verified account.
On the Launchpool page you will be able to see current and past projects. In each project section you will be able to see information about the airdrop project and the available options for locking your token.
For example: BNB Pool means you can lock BNB to get SCR.
Stake your token to receive SCR Airdrop
Now it’s time to place your bets! To place your bets, you need to choose between $BNB and FDUSD and specify how much you want to bet. Follow the on-screen prompts to complete the betting process.
Minimum Lock Amount: You must lock a minimum of 0.01 tokens to participate in Launchpool. This applies to all tokens available for locking.
Start Earning SCR Rewards
Once you stake your tokens, you will start accumulating SCR rewards and the amount you have earned can be viewed on the launchpool page.
• Farming period: from 00:00 (UTC) 09.10.2024 to 23:59 (UTC) 10.10.2024.
A total of 55,000,000 SCR will be sold at launch, representing 5.5% of the total SCR supply.
How to withdraw rewards and staked tokens?
Reward tokens can be collected at any time.
Once the Launchpool farming period is over, you will be able to get your locked tokens back along with the SCRs you purchased during the period. Simply return to the Launchpool page and you will see the option to withdraw them all back to your Binance Spot wallet.
Special tip: Put a combination of tokens on the line
If you have the opportunity, try staking in both #BNB and #FDUSD🔥 pools. This can likely increase the $SCR tokens you earn since both pools offer different reward rates.
Keep an eye on Scroll for updates or announcements that are made on the Binance platform. You don’t want to be caught under the bus when new updates and features come out that can increase your income.
