Scroll coin, or SCR, is the native token of the Scroll project. Here is a detailed introduction:
- Project background: Scroll is an Ethereum layer 2 expansion solution based on zk EVM roll up, which aims to improve the scalability of the Ethereum network, reduce transaction fees and increase transaction speed, while maintaining high compatibility with Ethereum, allowing developers to easily migrate existing Ethereum DApps.
- Token distribution: The total issuance is 1 billion. 15% of them are used for airdrops, 7% for early users, and 8% for ecosystem participants; 35% are allocated to ecosystem development, 23% to core contributors, and 17% to investors.
- Access: Users can participate in the airdrop starting on October 22, 2024, or farm SCR tokens by staking BNB and FDUSD in Binance launchpool.
- Token usage: Initially as a governance token, holders can vote on protocol changes. Later, it is planned to incentivize node operators, support on-chain activities such as staking and liquidity provision, and be used to build network infrastructure.