- Scroll Token (SCR), a layer 2 zkEVM, is now available on Binance Launchpool
- Users can stake BNB and FDUSD to farm SCR tokens until October 10
- Trading in the Pre-Market will begin on October 11 with SCR/USDT pairs
The crypto exchange Binance has added a new and promising project to its Launchpool, a section exclusively dedicated to the launch of new projects.
Unlike previous projects on Telegram like Catizen or Dogs, Binance has introduced a token that promises to solve one of Ethereum’s most pressing problems: scalability. The project in question is Scroll (SCR), a zkEVM layer 2 rollup.
The Scroll Token is Now on Binance
Scroll arrives on Binance’s Launchpool: the 60th project Today, the exchange introduced its sixtieth project in this section. Binance users can stake their BNB and FDUSD tokens in separate pools to “farm” SCR tokens starting today, October 9th, from 2:00 AM (Italian time). This opportunity will be available until 1:59 AM (Italian time) on October 10th, after which users will receive the SCR token airdrops.
This is a unique opportunity, allowing users to obtain the token before its listing on the market.
Binance gives the green light to Scroll Pre-Market trading: mark your calendar for October 11th at 12:00 PM
Binance has given the go-ahead for Scroll’s Pre-Market trading. Source: Archive. After the Launchpool, Scroll will make its debut in Binance’s Pre-Market starting at 12:00 PM (Italian time) on October 11th. Users will then be able to trade SCR tokens with USDT before the official listing on the spot market. The closing time for the pre-market and the official listing time have not yet been announced.
The SCR token has a total supply of 1 billion units, but 55 million will be available for rewards in the Launchpool. At the time of the listing, only 19% of its supply, equivalent to 190 million tokens, will be in circulation.
What is Scroll (SCR)? Scroll is a zkEVM rollup that offers a scaling solution for Ethereum. Since it is bytecode-compatible with the Ethereum Virtual Machine (EVM), it allows for the direct execution of smart contracts written for Ethereum.
Scroll groups many transactions into a single package, called a rollup, and uses advanced mathematical proofs (zkEVM) to quickly verify whether the transactions are valid on the Ethereum blockchain. This process reduces costs and increases transaction speed.
Conclusion
In conclusion, Scroll (SCR) offers a promising solution to Ethereum’s scalability issues through its zkEVM rollup technology, providing faster and more cost-efficient transactions.
With Binance’s support through the Launchpool and Pre-Market trading, users have a unique opportunity to participate in this project early, making Scroll a key player to watch in the Layer 2 space.
