Scroll Announces Snapshot and Airdrop SCR Token

After being announced for listing by Binance, Scroll has also set the date for the snapshot and airdrop of the SRC token.

Scroll Announces Snapshot And Airdrop Scr Token

Scroll, a Layer-2 scaling solution for Ethereum that utilizes Zero-Knowledge Ethereum Virtual Machine (zKEVM) technology, has announced plans for an airdrop of its governance token, SCR.

Scroll Announces Snapshot and Airdrop SCR Token
Scroll Announces Snapshot and Airdrop SCR Token

The snapshot for Scroll is set for October 19, with the SCR token airdrop scheduled for October 22, 2024.

The Scroll team stated that the tokenomics are designed to optimize the impact on the community and expand global distribution for the protocol’s applications and services.

According to the announcement, the total supply of Scroll will be 1 billion SCR tokens, with the following allocation:

Tokenomics SCR
Tokenomics SCR
  • 15% for two community airdrops: 7% for the first round and 8% for the next round over the following 18 months.
  • 25% allocated to fund projects developing on the Scroll platform.
  • 20% equally divided between the Scroll DAO treasury and the Scroll Foundation.
  • 17% allocated to investors.
  • 23% allocated to contributors to Scroll.

October 19 is the snapshot date for Scroll’s airdrop, the last day for users to interact with the protocol to be eligible for the reward tokens. The first airdrop round is expected to start on October 22, 2024.

Scroll is a project developing Layer-2 scaling solutions for Ethereum through zk-Rollups, using zero-knowledge proof technology to ensure data accuracy and maintain user privacy. The project has also been announced as the 60th Binance Launchpool project.

Related: Binance Announces Listing of Scroll on Launchpool and Pre-Market Trading

In March 2023, Scroll raised $50 million, bringing its valuation to $1.8 billion. During the same period, the project launched its zkEVM product on the Goerli testnet, bringing it closer to mainnet. Scroll later deployed the Darwin upgrade to reduce gas fees for users.

Love

0.0/5

Love

Latest

Binance Announces 24th Project On Holder Airdrop Newton (newt)

Altcoin | Editor Choice

Binance Announces 24th Project on Holder Airdrop: Newton (NEWT)

Binance has announced the 24th project on its Holder Airdrop page, which is Newton (NEWT), and it will be listed on June 24, 2025.

Bitcoin Surges To $106,000 On Middle East Ceasefire And Rate Cut Expectations

News | Bitcoin | Editor Choice

Bitcoin Surges to $106,000 on Middle East Ceasefire and Rate Cut Expectations

Bitcoin surged past $106,000 after President Trump announced a ceasefire between Israel and Iran, reigniting hopes for geopolitical stability and global monetary easing.

Pi Network Faces Challenges Ahead Of Pi2day Amid Market Downturn

News | Editor Choice | Pi Network

Pi Network Faces Challenges Ahead of Pi2Day Amid Market Downturn

With just days left before Pi2Day, the Pi Network community is hoping for a price boost from major announcements — but geopolitical tensions and Pi Coin’s steep decline may dim those hopes.

What Does Former Binance Ceo Say As Bitcoin Falls Below $100k

News | Bitcoin | Editor Choice

What Does Former Binance CEO Say as Bitcoin Falls Below $100K?

As Bitcoin plunges below $100,000 amid geopolitical tensions, former Binance CEO Changpeng Zhao reassures the community that this is merely a dip before the next all-time high.

Pi Coin Founder’s Reaction To Being Called A Scammer

Editor Choice | Pi Network

Pi Coin Founder’s Reaction to Being Called a “Scammer”

While the price of PI is struggling around the 0.5 USD mark, the founder of Pi Network, Nicolas Kokkalis, has unexpectedly been labeled a "scammer."