$SCR Coin will be distributed trhough an Oct. 22 airdrop and listed on Binance.
Scroll is preparing to launch its native token, SCR, in what the Ethereum layer-2 (L2) network describes as its “first step toward decentralization.”
On Oct. 22, Scroll plans to list SCR on Binance and airdrop the token among the network’s existing users, according to an Oct. 8 blog post.
According to Scroll, “SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.”
The token’s total supply is 1 billion SCR, with 15% pegged for airdrops, 35% for ecosystem growth, and 17% for investors. The rest will go to the Scroll Foundation (10%) and contributors (23%).