SCR Token - Our First Step Toward Decentralization
About the SCR token launch
Token Name: Scroll (SCR)
Total Token Supply: 1,000,000,000 SCR
Airdrop Snapshot Date: October 19, 2024
Token Launch Date and Airdrop Claim Availability: October 22, 2024
Why token? Why now?
We are ready for the next chapter of Scroll — to build scalable, secure infrastructure and drive towards real-world adoption with global distribution. SCR plays an important role in achieving this mission, specifically in terms of core protocol design and the long-term sustainability of the Scroll ecosystem.
SCR enables us to decentralize Scroll’s governance, provers, and sequencer in our development roadmap, thus playing a critical long-term role in Scroll’s core protocol design. Importantly, SCR opens up new design spaces and unlocks features that can improve user experience as well as convert all Scroll users into owners and guardians of the Scroll protocol.
SCR utility and value
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.
There are three valuable rights for rollup protocol design that need to be decentralized, and here is how SCR can be involved in all of them.
Governance right.
Scroll will decentralize governance first via the Scroll DAO. It’s imperative that we distribute this power to the community, to ensure Scroll’s network is resistant to capture by any centralized entity.
Proving right.
Stay tuned for more updates
We will share more detailed information about the SCR token launch and airdrop claim in the coming days.
