Scroll, the team behind the layer-2 network, announced their plans to launch a new token called SCR to support the blockchain. This SCR token will play a crucial role in the protocol’s governance and will eventually become a utility token as Scroll progresses towards decentralization.
The team revealed that 15% of the total token supply will be allocated for airdrops, with the first distribution scheduled for Oct. 22, with 7% of the tokens being distributed. A total of 1 billion SCR tokens will be available, with 17% going to investors and 10% to the Scroll Foundation. The remaining tokens will be divided among the Scroll ecosystem and contributors.
To facilitate the token launch, Scroll will be utilizing Binance Launchpool, which will receive a 5.5% token allocation as rewards. The team expressed their excitement for the future of Scroll and their commitment to building scalable and secure infrastructure for global adoption.
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Margaux Nijkerk, a reporter specializing in Ethereum protocol and L2s, provides insights into the industry. With a background in International Affairs & Economics from Johns Hopkins and Emory universities, she holds a small amount of ETH and other altcoins. Stay updated by following @cryptauxmargaux on Twitter.
Overall, the launch of the SCR token by Scroll marks a significant milestone in their journey towards decentralization. The airdrop distribution and token allocation plans demonstrate the team’s commitment to building a robust and inclusive ecosystem for Scroll users and contributors. With the support of Binance Launchpool and the guidance of reputable media outlets like CoinDesk, Scroll is poised for success in the evolving blockchain landscape.