Scroll, a Layer 2 Ethereum scaling solution that employs Zero-Knowledge Ethereum Virtual Machine (zKEVM) technology, is thrilled to announce the launch of its governance token, SCR, on Binance Launchpad. This initiative represents a major advancement toward decentralization, with the project’s focus on boosting community involvement and fostering ecosystem growth.
A total of 1 billion SCR tokens will be distributed, with 15% allocated for at least two community airdrops scheduled over the next 18 months. Additionally, 25% will be designated for funding projects developed on the Scroll platform, while 20% will be divided between the Scroll DAO Treasury and the Scroll Foundation. The remaining 40% will be shared among investors and contributors, with allocations of 17% and 23%, respectively.
The Scroll team stated on X that they have thoughtfully designed their token distribution to maximize impact for their community and expand their global application and service reach.
As one of the last Layer 2 projects to launch a token, SCR will serve as a primary governance mechanism, promoting decentralization of the proving and sequencing processes. The airdrop eligibility cutoff will be on October 19, with the first airdrop available for claims starting October 22.