Binance to list Scroll token ahead of official launch

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By TP

Bitcoin (BTC) and cryptocurrency exchange Binance is preparing to list Scroll (SCR), the native token of the Ethereum layer 2 network also called Scroll, ahead of its official launch. This move will allow users to participate in pre-launch trading. The Scroll token, whose total supply reaches 1 billion SCR, will be included in the Binance Launchpool. Here, Users will be able to lock their BNB and FDUSD to obtain rewards in SCR for two days, starting midnight October 9 UTC. This initiative limits each user to a maximum of 97,395 SCR in the BNB pool and 17,187 SCR in the FDUSD pool. Binance Launchpool rewards for SCR will represent 55 million tokens, equivalent to 5.5% of the total supplywhile the initial circulating supply will be 190 million SCR, 19% of the total, as reported by the exchange. SCR will be officially listed on October 11 at 10:00 am UTC, with trading for the SCR/USDT pair, although still the exact end time of pre-trading and spot quote is unknownand the offer is not available in all regions. Scroll, which has not yet set a specific date for the launch of its token, had projected this event for the third quarter. Scroll's zkEVM network, operational since October 2023, already has a total of 76,954 ETH deposited, valued at more than USD 180 million. zkEVMs are Layer 2 solutions for Ethereum that use zero-knowledge proofs to improve scalability, compatible with the Ethereum Virtual Machine, allowing the execution of Ethereum applications at a larger scale. This is not the first case in which Binance anticipates the trading of a token before its launch. Recently, BitcoinDynamic reported on the early listing of EigenLayer, highlighting Binance's trend of allowing trading prior to the official launch of tokens. Scroll is an Ethereum rollup, a technology that bundles multiple transactions into one to process them off the main chain and then verify them on Ethereum, reducing costs and increasing efficiency. This platform has attracted the attention of airdrop hunters, who seek to take advantage of free token distributions, as explained by BitcoinDynamic.


This article was created using artificial intelligence and edited by a human Editor.