All in all, good projects must be researched.
Recently, the Scroll airdrop is coming, and various news surrounding this project have also aroused great attention and controversy in the community. With this period of Launchpool project, Scroll is highly anticipated, with high financing and many institutions participating in the support, a typical star VC coin.#SCR现货交易对将上市币安
With the official announcement, Binance will end the pre-market trading of Scroll(SCR) at 17:00 (ET on October 21, 2024), and open the following spot trading pairs at 16:00 (ET on October 22, 2024):
Spot trading pairs: SCR/BTC, SCR/USDT, SCR/FDUSD, SCR/TRY;
·SCR recharge channel is now open;
SCR withdrawal is expected to be opened at 16:00 (GMT+8) on October 23, 2024;
The transfer function will be restored before 18:00 (GMT+8) on October 21, 2024.
For the airdrop party, the time to make money is as long as 2 years, but the airdrop divided is only 7% of the total amount, while Binance mining distributes up to 5.5% of the total tokens in 2 days. It has to be said that Binance's strength is still top-notch. According to the average annualized rate of 103% of the past 20 Launchpools, and SCR is also the first pre-market trading token launched on Binance, it is estimated that the blessing will be very good. Next, we will analyze this from hot discussion to doubt, as well as the effect of this pre-market trading, and the price performance estimate after listing on Binance, to answer 90% of your questions!
About Scroll Project Analysis
Project Introduction
The Scroll project is an L2 public chain based on the Ethereum expansion solution of zk-Rollup technology, which aims to increase the transaction speed of Ethereum and reduce costs. It supports 15 chains and provides services such as decentralized exchanges, DeFi, native exchanges, lending agreements, three types of wrapped assets, loan agreements and NFT trading markets. It also provides services such as domain name projects and decentralized mailboxes.
The technical foundation of Scroll
The technical foundation of Scroll mainly consists of three parts:
1. Scroll node: responsible for building Layer 2 (L2) blocks and transmitting messages between Ethereum Layer 1 (L1) and L2 to ensure the smooth execution of transactions.
2. Roller network: Generates proof of validity of zkEVM, verifies the correctness of transactions, shortens verification time and reduces verification costs.
3. Rollup and bridge contracts: provide data availability and support users to transfer assets and messages between Ethereum and Scroll.
Scroll Advantages
1: Working closely with the Ethereum Foundation, the Scroll project was jointly built by internal members of Ethereum. Its vision is highly consistent with Ethereum, and it can obtain better technical support and influence diffusion. Half of the early codes were written by Ethereum's internal team PSE, and the other half was completed by Scroll members. With the support of the original Ethereum team and its own halo effect, Scroll's valuation has great potential for growth.
2: Ethereum Layer2 TVL ranking, Scroll ranks 6th with a TVL of 1.3 billion US dollars, surpassing ZKSync, Linea, Startknet and other Layer2s with strong ZK Rollup technology backgrounds.
3: Scroll has completed three rounds of financing, including:
The last round of financing was completed in March 2023, with a financing of US$50 million, with participation from Polychain, Sequoia China, Bain Capital Crypto, Variant Fund, IOSG Ventures, etc.
The Series A financing was completed in April 2022, raising US$30 million, led by Polychain, with participation from Bain Capital Crypto, Robot Ventures, Geometry and others.
The seed round was completed in October 21, and the amount of financing was not disclosed. Mask Network, Inception Capital, and A&T Capital participated in the investment.
What projects can interact with the Scroll ecosystem?
First: Cross-chain
1. Before interaction, we first need to cross-chain some fees to the Scroll chain, and choose the cross-chain bridge, including the official bridge and the third-party bridge. Note: The first time you use the Scroll chain, you must use the official bridge (scroll.io/bridge).
2. Third-party bridge
Mini Bridge (minibridge.chaineye.tools)
Biteye's cross-chain bridge is specially designed for small cross-chain transactions. The official bridge can only cross the chain through the ETH main network, while the Mini bridge can complete the cross-chain to Scroll through other L2s.
Second: DeFi
1. KyberSwap
KyberSwap is a decentralized exchange on Scroll. Open its official website and you can see that it has been deployed on many chains, including the Ethereum mainnet, a total of 15 chains.
It supports Scroll, and its TVL currently ranks first in the entire Scroll ecosystem!
2. Skydrome
Skydrome is a native exchange on the Scroll chain, allowing users and DAOs to perform various operations within the protocol ecosystem. Its biggest feature is that it adopts the ve(3,3) economic model. Users can lock tokens to mine. In addition, users can obtain governance rights by locking LPs, and decide the token output of each LP pool through voting. It only supports Scroll chain.
3. CogFinance
Cog Finance is a native lending protocol in the Scroll ecosystem that aims to maximize decentralization and capital efficiency, which is exactly what many existing solutions currently lack.
His main goal is to help users easily deploy permissionless segregated lending pools, protect users from interest rate manipulation attacks, and improve the overall efficiency of the extremely limited capital of segregated lending.
Third: NFT
1. Element (Chinese people call it Ele.me)
Elelment is a multi-chain aggregated NFT trading market that supports displaying orders from other NFT markets on one page. Currently, Element supports many public chains, and Scroll is also one of its supported chains.
Interacting with Element is relatively simple. We just need to switch to the Scroll chain and purchase NFTs in the Scroll ecosystem. The price of these NFTs does not need to be high, as long as the interaction is completed.
Of course, you can also choose to create NFT on Scroll. As shown in the picture, the steps are also very simple. Just follow the steps. Element also has a Chinese version interface!
Fourth: Other projects
1. Scroll Name Service(SNS)
It is a decentralized naming service built on the Scroll mainnet that allows users to register .scroll domain names. The service provides an online identity solution for the Web3 ecosystem, with the feature of one-time payment for domain name ownership. Users can use the registered .scroll address as a Web3 identity.
Scroll Founding Team
The founding team consists of three people: Zhang Ye, Peng Shandi, and Shen Haichen. Three Chinese graduates from prestigious schools founded Scroll in 2021 because of similar interests. From top universities Peking University and Tsinghua University.
1. Sandy Peng is the co-founder of Scroll. He graduated from Cambridge University and worked in research at the Hong Kong Securities Regulatory Commission. In 2017, he started working on Web3 project investment. He also worked on game and product projects before. Currently, he is responsible for non-technical work in the team.
2. Ye Zhang studied at Peking University, ranked first in the major of electronic engineering at Peking University, and served as the secretary of the Youth League Committee of Peking University. He dropped out after studying for a doctorate at New York University for two years. He has been engaged in zk proof work since 2018. Previously, he mainly studied technical aspects such as hardware acceleration and zk cryptographic algorithm principles.
3. Haichen Shen studied at Tsinghua University Yao Class for undergraduate and received his Ph.D. from the University of Washington. He worked at Amazon and has strong engineering capabilities. Another co-founder graduated from Cambridge University and worked at the Hong Kong Securities and Futures Commission. He entered the Web3 investment field around 2017 and is currently responsible for non-technical branding and other work.
Scroll Financing
1. The seed round was completed in October 21. The amount of financing was not disclosed. Mask Network, Inception Capital, and A&T Capital participated in the investment.
2. The A round of financing was completed in April 2022, with a financing of US$30 million. Polychain led the investment, with BainCapital Crypto, Robot Ventures, Geometry and others participating.
3. The last round of financing was completed in March 2023, with a financing of US$50 million, with participation from Polychain, Sequoia China, Bain Capital Crypto, Variant Fund, IOSG Ventures, etc.
Scroll Economic Model
Scroll’s smart contracts will be deployed on the Scroll Network
Total token supply: 1,000,000,000 SCR (100 million)
Initial circulation: 190,000,000 SCR (19% of total token supply)
Total Launchpool: 55,000,000 SCR (5.5% of total supply) 85% of rewards (46.75 million SCR) are allocated to the BNB pool and 15% of rewards (8.25 million SCR) are allocated to the FDUSD pool
Scroll airdrop situation
The first phase of community airdrop: 70 million, accounting for 7% (but this part of the airdrop was actually distributed on October 22, later than TGE)
Binance launchpool 55 million, about 5.5%
Ecosystem and Growth: 45 million, accounting for 4.5%
Foundation: 20 million, accounting for 2%
Token Function
1: Network fee payment: $SCR
Can be used to pay transaction fees in the Scroll network, ensuring a low-cost transaction experience.
2: Staking and Rewards: Users can stake $SCR tokens, become network node operators, and receive transaction fees and staking rewards.
3: Decentralized governance: Users holding $SCR tokens can participate in the governance of the Scroll network and vote to decide the future development direction and technological upgrades of the project.
4: Ecological development incentives: Tokens will also be used to support dApp developers and project parties, providing incentives for building a stronger ecosystem.
About Scroll's security measures
Security is one of the least visible, yet most important features of any decentralized protocol. With so much at stake (especially user funds), security is a priority that must not be compromised, ignored, or taken for granted. At Scroll, security has always been at the forefront of every decision we make, and for over a year, we have undergone rigorous and extensive testing and multiple rounds of external audits to ensure the security of the Scroll mainnet.
In general, Scroll is a bytecode-compatible zkEVM Rollup for scaling Ethereum. Technically, Scroll is built on two main parts. The core part is zkEVM, which is used to prove the correctness of EVM execution in Layer 2.
Pre-market price performance
The current pre-market price is around 1.7u, and the predicted opening price of 1.5-1.7 is a reasonable range. The market capitalization will reach US$314 million, and the fully diluted valuation (FDV) will be US$1.65 billion.
Project Review
Project name: Scroll Project track: Ethereum's native zkEVM layer 2 solution Event type: Binance Launchpool Free mining $SCR Project popularity: 5 Estimated return: 5 Overall rating: 5
Scroll is a zkRollup scaling solution on Ethereum that aims to improve the scalability and security of blockchain. It is a decentralized naming service built on the Scroll mainnet, allowing users to register .scroll domain names.
Judging from the airdrop situation, various news surrounding this project have also aroused great attention and controversy in the community:
The first is delayed snapshots and token economics. This uncertainty has made many users dissatisfied. Token economics, especially after the announcement of the launch of Binance's Launchpool, has a great impact on market expectations.
Secondly, there is the controversy over the team’s publicity and Scroll’s image. On the eve of the airdrop, some members of the Scroll team or KOLs began to post articles to “whitewash” Scroll. The public relations operation caused suspicion and distrust in the community. In addition, the Scroll team is mostly Chinese projects, and people who understand it will mind it. But in my opinion, as long as the project persists and does not violate its original intention, it is a good project.
Finally, there is the points system. Many users feel that these efforts have not brought equal returns. As a Layer 2 project, Scroll was originally intended to help users reduce gas fees. Users found that gas fee expenditures were inconsistent with actual consumption.
In my opinion, judging from the average annualized return of Binance’s Launchpool over the past 20 periods, it has achieved remarkable results. SCR is also the first pre-market trading token launched on Binance, and it is also the dream of many airdrop players.
Can Scroll save the day for the Layer2 project? Let’s look forward to its performance on the 22nd