Binance has officially announced the launch of its 60th Launchpool project featuring the new altcoin Scroll (SCR). This exciting development has drawn the attention of crypto enthusiasts as the platform prepares for pre-market trading starting on October 11, 2024. Users are eager to know how they can participate and earn tokens through this initiative.
What is Scroll and How Does It Work?
Scroll (SCR) employs innovative zkEVM Rollup technology, ensuring compatibility with Ethereum at a bytecode level. Participants can earn SCR tokens by locking in BNB and FDUSD on Binance’s Launchpool, with the farming phase scheduled to begin on October 9, 2024, and end on October 10, 2024.
How Can Users Earn SCR Tokens?
Users can acquire SCR by locking their BNB and FDUSD for a two-day period, with specific hourly limits per user. The total yield includes 97,395 SCR from the BNB pool and 17,187 SCR from the FDUSD pool, allowing users to benefit significantly during this brief opportunity.
Key details about the SCR initiative include:
- Total supply of SCR: 1 billion coins
- 5.5% allocated for Launchpool rewards (55 million units)
- Initial circulating supply at launch: 190 million SCR
Additionally, SCR will debut in pre-market trading on October 11, with the SCR/USDT trading pair. Eligibility for participation will vary by region, and further details regarding the official listing date will be released in due course.