Are you interested in the Ethereum Layer-2 network? Curious about the future price trajectory of $SCR? Check out this post to explore the details of Scroll, one of the most successful Layer-2 networks on the market today.
I. What is Scroll?
Scroll is a Layer-2 solution that uses zero-knowledge proofs to scale Ethereum. It aggregates off-chain transactions and verifies them on the mainnet, reducing costs and processing times. This makes Ethereum more efficient and accessible.
Scroll aims to solve Ethereum's scalability challenges by leveraging the power of zkEVM, a technology that enables secure and scalable transactions on the Ethereum network.
How does scrolling work?
Scroll works on four main principles:
User Security: Scroll prioritizes user security by leveraging Ethereum's robust security features.
EVM Compatibility: Scroll maintains compatibility with the Ethereum Virtual Machine (EVM), allowing developers to migrate their existing applications without much change.
Efficiency: Scroll aims to provide low transaction fees and fast processing times, providing a great user experience without compromising security.
Decentralization: Scroll is committed to decentralization across all levels of the community, fostering a dynamic and resilient ecosystem.
Key Features of Scroll
Improved Scalability: Scroll increases Ethereum's transaction throughput by processing off-chain transactions, reducing network congestion.
Reduced Gas Fees: Scroll mitigates high gas fees by managing transactions off-chain, making microtransactions and broader applications more financially viable.
Security and Decentralization: Unlike many other scaling solutions, Scroll focuses on both security and decentralization. It leverages Ethereum's existing security model and cryptographic proofs to ensure transaction integrity without compromising blockchain principles.
Decentralized Zero-Knowledge Proof System: Scroll leverages a zero-knowledge proof system to ensure efficient verification while maintaining compatibility with Ethereum's existing infrastructure.
Communication Channel: Scroll is designed to integrate with other Layer 2 networks, fostering collaboration and partnerships between various decentralized applications.
Layer 2 Mining: In Scroll's ecosystem, users can mine zero-knowledge proofs, which helps alleviate the maximum mining value (MEV) problem.
Use Cases of SCR
SCR will play a key role in the governance and decentralization of the Scroll protocol. It will initially be used as a governance mechanism and will eventually evolve into a protocol utility token.
Main management rights:
Governance: SCR will decentralize governance through the Scroll DAO, ensuring community control of the network.
Proven Right: SCR will encourage external parties to run tests and optimize test performance, ensuring long-term sustainability.
Correct Sequencing: SCR will be an integral part of the sequencing machine hierarchy, ensuring optimal user experience and robustness.
Broader use cases: SCR will have a significant impact on connecting communities, ecosystem projects and contributors, providing a powerful and user-friendly aggregate experience.
II. Information about Launchpool & Token
Tên Token: Scroll (SCR)
Total Token Supply: 1,000,000,000 SCR
Launchpool Token Reward: 55,000,000 SCR (5.5% of total token supply)
Hard hourly limit per user:
97,395 SCR in BNB pool
17,187 SCR in FDUSD group
Supported groups:
BNB Staking: 46,750,000 SCR as rewards (85%)
FDUSD Stake: 8,250,000 SCR as reward (15%)
Farming time: 2024-10-09 00:00 (UTC) to 2024-10-10 23:59 (UTC) (2 days)
III. Roll Price Prediction and Our View
Price Prediction
Circulating Supply: 190,000,000 (19.00% of total token supply)
Total Supply: 1,000,000,000 SCR
Pre-Market Price: $1.5 - $3.0 (~$300M - $500M market cap)
Token Distribution:
Airdrop: 15% (7% initially, 8% future) - Rewards for on-chain users and community contributors.
Ecosystem & Growth: 35% (10% DAO Treasury, 5.5% Binance, 19.5% ecosystem partners) - Promote the Scroll ecosystem and community.
Scroll Foundation Fund: 10% - Funds the operations of the Scroll Foundation.
Core Contributors: 23% - Rewards core team, future team and advisors.
Investors: 17% - Reward for early investors.
As of October 9, 2024, Scroll is now the 6th largest Ethereum Layer-2 network and the first ZK chain by TVL ($1.15 billion as of September 15, 2024), surpassing Linea, zkSync, Starknet, Taiko, and Polygon zkEVM with a total TVL of $1.22 billion.
Scroll has demonstrated exceptional network health compared to other Layer-2 solutions. Despite being relatively new, it boasts nearly 240,000 weekly active addresses, ranking 6th in the rankings. This impressive performance highlights Scroll’s ability to attract and retain users.
Furthermore, Scroll’s ecosystem is growing rapidly, with over 63 projects currently active. This shows a promising trajectory and aligns with the vision and features that have attracted developers and projects from the broader blockchain industry.
While recent technology-focused projects like EigenLayer and Toncoin have garnered significant hype, Scroll has quietly demonstrated impressive growth and potential. While not reaching the same level of publicity, Scroll’s impressive $80 million in funding and $1.8 billion valuation highlight its strong market position and future prospects.
In our opinion, $SCR is likely to reach an all-time high price of around $3.0 - $4.0, which would correspond to a market cap of $570M - $760M and $3B - $4B FDV. After that, the market cap of $SCR could fluctuate near the $200M - $400M mark, which would correspond to a price of around $1.5 - $2.0 per $SCR
Our perspective
Advantage:
High Performance: Ranked#6among all L2 networks and#1in TVL's ZK Chain, has a large and enthusiastic community with over 5.8 million unique users on the network.
Innovative Design: Scroll is a fast, secure Layer-2 Ethereum network with low gas fees, powered by cutting-edge Zero-Knowledge technology.
Strong funding and support: Scroll has raised a total of $80 million over two rounds of funding and is backed by top venture capital firms such as Polychain Capital and Variant.
Listing on all exchanges: Scroll will be listed on all major exchanges on October 11 including Binance, OKX and Bybit.
Low Selling Pressure: Only 19% of SCR will be available upon listing, 7% is allocated for community airdrops and the rest is locked for one year to minimize selling pressure.
Disadvantages:
Low Float - High FDV: Scroll's tokenomics, while in line with industry standards for prominent projects, can be seen as less community-focused than some others. This trade-off is often made to encourage development and attract investment, but it can also raise concerns about the project's favorable stance towards early investors.
No Clear Roadmap: While there are plans to improve the network, Scroll's overall vision for the future has not been officially announced.
Community Allocation: Scroll’s community allocation of 15% (split into two airdrops) may be considered less generous than some other projects. While this may not affect investors who are solely focused on the token’s potential, it may negatively affect community members, especially those who were expecting larger airdrops.
