Binance Exchange announced this afternoon that it will launch the 60th new coin mining project on Binance Launchpool: Ethereum Layer2 project Scroll (token name SCR). In addition, SCR will become the first token listed in the Binance pre-market.
According to the Binance announcement, users can invest BNB and FDUSD into the SCR mining pool from 8:00 am on October 9, 2024 (Taiwan time) to participate in the two-day new coin mining activity:
Locked BNB: 46,750,000 SCR (85%)
Locking FDUSD: Reward 8,250,000 SCR (15%)
Mining time: 08:00 on October 9, 2024 (Eastern Time Zone 8) to 08:00 on October 11, 2024 (Eastern Time Zone 8).
SCR Launchpool Details
According to the Binance announcement, the detailed information of SCR Launchpool is as follows:
Token name: Scroll (SCR)
Maximum Token Supply: 1,000,000,000 SCR
Initial circulation: 190,000,000 SCR (19% of total token supply)
Launchpool Total: 55,000,000 SCR (5.5% of total token supply)
Smart Contract Network: Scroll
Restrictions: KYC required
Individual hourly mining hard cap: BNB mining pool: 97,395 SCR; FDUSD mining pool: 17,187 SCR
SCR Pre-Market Detailed Information
According to Binance’s announcement, SCR will also be listed on Binance’s newly launched pre-market. The details are as follows:
Pre-market listing time: 18:00, November 11, 2024 (UTC+8)
Open trading pair: SRC/USDT
Pre-market closing time and spot listing time: to be announced separately
In addition, this pre-market has regional participation restrictions. Due to legal and regulatory requirements, users in the regions mentioned in the Binance article will not be able to participate.
What is Scroll
Scroll is a Layer 2 solution based on the Ethereum network, which aims to improve the scalability and efficiency of the Ethereum network through zero-knowledge proof technology (zk-Rollups).
Scroll's zk-Rollups technology packages multiple transactions and moves them to Layer 2 for execution, submitting only the final transaction results (validity proof) to the Ethereum mainnet, thereby significantly reducing the burden on the mainnet. In addition, Scroll emphasizes that zkEVM will be fully compatible with Ethereum, which means that developers do not need to relearn new programming languages or tools to deploy existing DApps to Scroll.
BNB briefly rose 1.86%
After the Binance Launchpool news was released, the price of Binance platform coin BNB rose from $562.4 to a high of $572.9, a short-term increase of 1.86%. At press time, it was reported at $571.3, down 0.04% in the past 24 hours.
