TL;DR
- Scroll launches the SCR token as a key step toward decentralization, initially as a governance and utility mechanism within the protocol.
- Out of a total of 1 billion tokens, 15% will be allocated to airdrops, with the first one scheduled for October 22.
- The distribution of SCR will be carried out through Binance Launchpool, improving access and user participation in emerging economies.
Scroll, the layer-2 network focused on scalability and efficiency, has announced the launch of its new SCR token, a crucial step in its journey toward decentralization.
In a statement, the company highlighted that SCR will initially be used as a governance mechanism, evolving as the network becomes more decentralized and acquiring utility functions within the protocol.
Scroll is embarking on its first step towards decentralization.
𝐖𝐞 𝐚𝐫𝐞 𝐞𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐞 𝐥𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 $𝐒𝐂𝐑 𝐭𝐨𝐤𝐞𝐧.
Our vision is to provide everyone, everywhere, access to a global distributed network of applications and… pic.twitter.com/SLR4UMJvXb
— Scroll (@Scroll_ZKP) October 8, 2024
Airdrop on the Way
The total available SCR tokens will be 1 billion, of which 15% will be allocated to airdrops, with the first event scheduled for October 22. This first airdrop will represent 7% of the total supply, as Scroll aims to reward active users in its ecosystem.
Additionally, 17% of the tokens will be allocated to investors, while 10% will go to the Scroll Foundation. The remaining tokens will be distributed among the ecosystem and its contributors, aiming to encourage community participation.
Scroll Will Carry Out Distributions Through Binance Launchpool
The distribution of SCR will take place through Binance Launchpool, which will receive 5.5% of the total allocation. The collaboration with Binance will be key to expanding Scroll’s reach and facilitating user participation worldwide, especially in emerging economies where many rely on Binance’s P2P services. This can improve access to the network and promote more active use of SCR services.
Regarding decentralization, Scroll has clear plans. Governance will move to the DAO, ensuring that the community has a voice and vote in the network’s management. Subsequently, the company will focus on decentralizing its provers and sequencers, which are crucial elements for the protocol’s operation. The introduction of SCR will not only allow users to become owners of the protocol but will also enhance the overall experience by aligning incentives between miners and optimizing network performance.
Scroll is working to create a scalable and secure infrastructure. It aims to achieve real-world adoption. With the launch of SCR, the company seeks not only to solidify its position in the market but also to provide equitable financial access opportunities to users around the world
