Binance launches Scroll (SCR) as its The 60th Launchpool project. Scroll is a zkEVM Rollup solution designed to enhance Ethereum’s scalability. Binance will allow participants to stake their BNB and FDUSD during mining to earn SCR tokens through airdrops. In this guide, we will learn everything about Scroll (SCR) and the Binance SCR token distribution.
focus:
- Vortex (SCR) Yes Bytecode compatible zkEVM summary Designed for Ethereum scalability.
- Binance Scroll’s Launchpool mining will begin on October 9, 2024, offering 55 million SCR as rewards.
- Scroll’s pre-market trading will begin on October 11, 2024, with the trading pair SCR/USDT.
What is rolling (SCR)?
Scrolling (SCR) It is a second-layer blockchain scaling solution focused on improving the scalability of Ethereum. Currently, this is Binance’s 60th Launchpool project, as Bytecode compatible zkEVM Rollup.
It enhances Ethereum’s scalability by using Zero knowledge proof While maintaining full compatibility with the Ethereum Virtual Machine (EVM). This means it can execute Ethereum smart contracts without compromising speed, security or compatibility.
How does scrolling (SCR) work?
Scroll works by Using zk-Rollupsa layer 2 scaling technology designed to reduce congestion on the Ethereum mainnet. it allows Bundle multiple transactions into one transactionand then submitted to the Ethereum network.
This not only reduces the load on Ethereum, but also ensures that transactions are processed faster and more efficiently. lower fees. The core goal is to improve the overall user experience of Ethereum without compromising security.
By utilizing zk-Rollups, Scroll ensures that even Transactions are processed off-chain, They can still be verified on the Ethereum mainnet. This provides a balance between efficiency and trust. For you, this means faster and cheaper transactions, making decentralized applications (dApps) easier to access and more cost-effective.
Scroll key function
Scrolls’ ZkEVM provides many features, such as:
- Scalability: It enhances scalability by processing more off-chain transactions. This reduces network congestion, allowing you to experience faster transaction times.
- Bytecode compatibility: It is fully compatible with Ethereum, allowing developers to easily migrate projects.
- Cost effective: Bundling multiple transactions together can minimize network fees, allowing you to use dApps and other services more affordably.
- Safety: Use zk-Rollups to ensure that all transactions processed off-chain can still be verified on-chain. This means that even though the system is optimized for speed, the security of your transactions will not be compromised.
Binance Scroll Launchpool and Pre-Market Trading
Binance launch pool Offers you a way to earn new tokens by staking specific cryptocurrencies. Scroll (SCR) is the 60th project on the platform. You can participate in farming SCR tokens in the following ways Staking BNB and FDUSD on Binance Launchpool. The staking period allows you to passively earn SCR tokens, which will be distributed at the end of the farming period.
- Total Token Supply: 1 billion SCRs.
- Launchpool rewards: 55 million SCR (5.5% of the total supply) will be distributed to participants as the initial circulating supply on Binance.
- Hourly cap: During mining, the BNB pool can earn up to 97,395 SCR and the FDUSD pool can earn up to 17,187 SCR.
After the mining period ends, Binance will list the SCR/USDT trading pair in the pre-market at 10:00 UTC on October 11, 2024.
What is Binance Pre-Market Trading?
The Binance Presale Market is exclusive to Binance and allows you to Trade before the coin is officially listed. This gives you early exposure to new projects and tokens like Scroll (SCR), which can help you get a better price before the public starts trading on it.
in conclusion
In conclusion, Scroll (SCR) provides a promising solution to Ethereum’s scalability problem through the use of zk-Rollups. Its focus on reducing transaction fees, increasing scalability, and maintaining security makes it an attractive project for you. Through Binance Launchpool, you can stake cryptocurrencies such as BNB and FDUSD to earn SCR tokens.
