Key Points
- Scroll (SCR) is live on Binance, Bybit, Bitget, KuCoin, and more exchanges.
- Yesterday, Scroll introduced its first airdrop to celebrate efforts and contributions to the project.
Today, Scroll (SCR) went live on crypto exchanges including Binance, Bybit, Bitget, KuCoin, MEXC, Gate.io, and more.
On Binance, the initial token launch was scheduled at 8:00 (UTC), but it has been delayed an hour to 9:00 (UTC), according to an official announcement.
Following the listing, SCR currently trades at $1.25, bouncing to the current level from a previous drop to $1.21. The coin has a market cap of around $238 million and an FDV of $1.25 billion.
Scroll Introduced its First Airdrop Yesterday
On October 21, Scroll introduced its first airdrop, noting in a post va X that it was a celebration of the collective efforts and contributions that have driven the project’s success.
Over 100 cities in 30 countries and more than 90 global organizations are involved in the project, according to Scroll official data.
The airdrop claims can be made starting today, October 22, and will reportedly remain open for 90 days.
The SCR airdrop distribution is organized as follows:
- Community Participants – Individuals who contributed via on-chain activities, especially via Scroll’s Session program.
- Ecosystem Projects – Projects that have built on the Scroll platform, highlighting innovation and network growth.
- Industry Contributors – Including technical contributors, ZK researchers, open-source developers, and organizations that support public goods in the Ethereum ecosystem.
- Global Community – Including event organizers, hackathon winners, participants in the Road to DevCon initiative, and Ethereum translators.
In-Depth Airdrop Allocation Details
- 5.5% of the total token supply representing 55 million tokens has been reserved for community participants.
- 4% of the total token supply, representing 40 million tokens will be distributed proportionally among participants who accumulated at least 200 Marks by October 19, 2024.
- 1% of the total token supply, representing 10 million tokens is allocated as a Flat Boost, distributed equally across all eligible on-chain participants.
- 0.5% of the total token supply, representing 5 million SCR tokens is allocated to Onchain Bonus to all eligible participants.
What is Scroll (SCR)?
Scroll (SCR) is a Layer-2 solution for Ethereum, aiming to address the blockchain’s scalability challenges while maintaining its security and decentralization.
Scroll uses zkEVM technology (zero-knowledge Ethereum Virtual Machine) which enables it to provide faster and more efficient transactions on Ethereum while maintaining security and compatibility.
Scroll’s zkEVM allows developers to run Ethereum-compatible smart contracts, offering a seamless transition for dApps while providing a highly scalable environment with low transaction fees.
Scroll‘s core mission is to bring Ethereum’s scalability to the next level, making the blockchain technology available to billions of users worldwide.
Here are the key points of Scroll’s mission:
- Becoming the most secure and trusted Layer 2 solution
- Processing high transaction volumes
- Reducing gas fees
- Ensuring that Ethereum can handle the high demand of global dApps
Also, Scroll was the 60th project on Binance Launchpool.
