Binance recently announced its 60th Binance Launchpool project—Scroll (SCR). Users can stake BNB and FDUSD to farm SCR tokens during a two-day event, starting at 00:00 UTC on October 9, 2024.
Binance will be among the first platforms to list SCR tokens in the Pre-market at 10:00 UTC on October 11, 2024. Key details about the SCR Launchpool:
- Token Name: Scroll (SCR)
- Max Supply: 1,000,000,000 SCR
- Launchpool Rewards: 55,000,000 SCR (5.5% of total supply)
- Initial Circulating Supply on Binance: 190,000,000 SCR (19% of total supply)
- Smart Contract: Scroll Network (
0xd29687c813D741E2F938F4aC377128810E217b1b) - Hourly Hard Cap per User: 97,395 SCR in BNB pool; 17,187 SCR in FDUSD pool
Overview of the Scroll Protocol
What Is Scroll (SCR)?
Leveraging Zero-Knowledge Proof (ZKP) technology, Scroll delivers an EVM-compatible zkRollup scaling solution for Ethereum, enhancing network performance and usability. As a zkEVM Layer 2, Scroll processes transactions off-chain while maintaining Ethereum’s security. Its core advantages:
- Bytecode-Level Compatibility: Enables seamless migration of DApps from Ethereum with minimal code changes.
- Decentralized Prover Network: Distributes transaction validation across participants, improving security and reducing centralization.
Scroll’s Architecture
Scroll’s design comprises three layers:
| Layer | Functionality |
|---|---|
| Settlement Layer | Uses Ethereum for data availability, proof verification, and cross-chain messaging. |
| Sequencing Layer | Executes L2 transactions via Rollup Nodes and submits batches to Ethereum. |
| Proving Layer | Generates zkEVM validity proofs to verify L2 transaction correctness. |
Scroll vs. Competitors: zkEVM Landscape
Compared to rivals like StarkNet, Polygon zkEVM, and zkSync, Scroll distinguishes itself with:
- Higher TVL: ~$475M (per DefiLlama) vs. StarkNet’s $235M and zkSync’s $82M.
- Decentralized Focus: Scroll’s prover network avoids reliance on centralized entities.
Challenges: Scroll’s ecosystem is younger and less mature than competitors backed by major organizations (e.g., Polygon, StarkWare).
Scroll’s Ecosystem
While evolving, Scroll hosts DApps across DeFi, Gaming, and NFTs, including:
- DeFi: SyncSwap, Nuri
- NFTs: Emerging marketplaces
SCR Tokenomics & Utility
Token Distribution
- Airdrop: 15% (7% initial + 8% future drops).
- Ecosystem Growth: 35% (managed by Scroll DAO).
- Team/Advisors: 23% (4-year vesting).
- Investors: 17% (4-year vesting).
SCR Use Cases
- Governance: Voting rights via Scroll DAO.
- Proving: Incentivizes decentralized validators.
- Sequencing: Ensures transaction finality.
- Staking: Earn rewards while securing the network.
👉 Explore SCR staking opportunities
Where to Trade and Store SCR
- CEXs: Binance, Bybit, HTX, MEXC.
- DEXs: SyncSwap, Nuri.
- Wallets: MetaMask, Trust Wallet.
Conclusion
Scroll’s zkEVM technology offers scalable, low-cost transactions without compromising Ethereum’s security. As the ecosystem matures, it could become a cornerstone for Ethereum’s Layer 2 future.
FAQ
Q: How does Scroll improve Ethereum’s scalability?
A: By processing transactions off-chain via zkRollups and validating them with ZK proofs.
Q: What makes SCR token valuable?
A: Its roles in governance, staking, and network security drive demand.
Q: When will SCR tokens be fully unlocked?
A: Team and investor tokens vest over 4 years; ecosystem tokens follow a phased release.
Q: Can I stake SCR tokens?
A: Yes—staking supports network security and earns rewards.
Q: Is Scroll decentralized?
A: Partially; its prover network is decentralized, but full decentralization is a roadmap goal.