Scroll launches SCR token
scrollThe team behind the second-layer blockchain network recently shared plans to launch a new token called SCR. The token is the first major step in their decentralization roadmap. In a blog post, the team emphasized that SCR will play a key role in its governance structure, with the long-term goal of becoming a key utility token as Scroll moves closer to full decentralization.
SCR will serve as the main governance mechanism of the Scroll protocol. As a result, token holders will be able to influence network decisions. Provers and sequencers are important components of the blockchain architecture, and the project hopes to use SCR to achieve decentralization of both. Both components are essential for validating and ordering transactions on the network. As Scroll continues to move toward decentralization, SCR will continue to evolve and have more utility in the ecosystem.
Source: scroll
Scroll has made clear plans on how to distribute SCR tokens. . This initiative is designed to enable early adopters and supporters to participate in the growth of the network. Scroll is committed to engaging the community and allowing them to share in the development of the network by investing large amounts of funds in airdrops.
10% of SCR tokens will be donated to the Scroll Foundation, and 17% of tokens will be distributed to investors before the airdrop. By making these allocations, the network will be able to continue to grow over time and future initiatives will be adequately funded. Individuals who actively contribute to the development and enhancement of the network will receive remaining tokens, which will be dispersed throughout the Scroll ecosystem. The distribution program underscores Scroll’s commitment to recognizing and rewarding those who invest time, energy or money into the project.
When the SCR token is launched through the Binance Launchpool, 5.5% of the token supply will be provided as an inducement. Through the Binance Launchpool platform, users can stake other cryptocurrencies to obtain new tokens. Scroll hopes to use this platform to increase online engagement and reach a wider audience. Binance Launchpool is known for its broad user base, and the exposure SCR will gain through the platform will likely increase engagement and adoption.
The Scroll team is excited about the next phase of development and says they are ready to build a scalable and secure infrastructure. Their goal is to accelerate the real-world application of their technology, especially international distribution. By launching SCR, the team intends to attract developers, users, and investors while laying the foundation for future growth and utility. The SCR coin is not only a symbol of governance; it also symbolizes Scroll’s desire to dominate the ever-expanding Layer-2 market.
