Scroll’s Layer-2 Network Prepares for SCR Token Airdrop

Scroll Introduces SCR Token

Scroll, the team behind the layer-2 blockchain network, recently shared plans to introduce a new token called SCR. This token is the first significant step in their roadmap toward decentralization. In a blog post, the team emphasized that SCR will play a critical role in their governance structure, with the long-term goal of becoming a key utility token as Scroll moves closer to full decentralization.

SCR will act as the primary governance mechanism for the Scroll protocol. Consequently, token holders will be able to influence network decision-making. The prover and sequencer are essential components of the blockchain architecture, and the project hopes to decentralize both of them using SCR.  Both of these components are essential in verifying and ordering transactions on the network. As Scroll continues on its journey to decentralization, SCR will evolve to have more utility within the ecosystem.

Source: Scroll

Scroll has laid out clear plans for how the SCR tokens will be distributed.15% of the 1 billion tokens in total will be set aside for airdrops.A first airdrop scheduled for October 22nd will distribute 7% of the total token supply. This initiative aims to make it possible for early adopters and supporters to participate in the network’s growth. Scroll is demonstrating its dedication to involve the community and giving them a share in the network’s development by dedicating a significant chunk to airdrops.

10% of the SCR tokens will be donated to the Scroll Foundation, and 17% of the tokens will be distributed to investors before the airdrop. By making these allocations, the network will be able to continue growing over time and future initiatives will have enough money. The individuals who have actively contributed to the development and enhancement of the network will receive the remaining tokens, which will be dispersed throughout the Scroll ecosystem. This distribution plan highlights Scroll’s commitment to recognizing and rewarding those who have invested time, effort, or funds into the project.

5.5% of the token supply will be made available as incentives when the SCR token is launched through Binance Launchpool. Through the Binance Launchpool platform, users can stake other cryptocurrencies to gain new tokens. With the use of this platform, Scroll hopes to increase network engagement and reach a wider audience. Binance Launchpool is known for its wide user base, and the exposure that SCR will gain through this platform can potentially boost engagement and adoption.

The Scroll team expressed their excitement for this next phase of development, stating that they are ready to build scalable and secure infrastructure. Their goal is to accelerate the real-world application of their technology, with a focus on international distribution in particular. By launching SCR, the team intends to attract developers, users, and investors while laying the foundation for future growth and usefulness. The SCR coin is more than simply a symbol of governance; it also symbolizes Scroll’s aspirations to dominate the expanding layer-2 market.