Scroll Launches $SCR Token to Recognize Global Community Contribution and Decentralize its Ecosystem
Hong Kong, Singapore, London, and Dubai, Global, October 22nd, 2024, Chainwire
Scroll , the leading zero-knowledge rollup for Ethereum, announced the launch of its native token, $SCR today.
With the introduction of $SCR, Scroll recognizes its global community of contributors for their ongoing support and aims to provide everyone, everywhere with opportunities to participate in the decentralized future of Scroll.
$SCR will be distributed to Scroll contributors through thoughtfully designed allocations to maximize impact in creating opportunities for a decentralized global community. Initial distribution of $SCR will include an airdrop to participants who contributed to onchain activities, projects that have built on Scroll, industry contributors (such as technical contributors, zero-knowledge researchers, open-source developers, public goods organizations, and educational data providers) as well as broader global community organizers, hackathon winners, Road to DevCon and Ethereum translators. The design of this first airdrop recognizes the importance of Scroll contributors’ participation, involvement, and community support.
In addition, Scroll will be introducing the next generation of reward programs, to generate new ways of fostering innovation and elevating support for the Scroll community. Scroll Open, a new program designed to reward the most innovative, creative, and fast-growing builders on Scroll will provide retro grants with a potential allocation size of US$100 million.
Using advanced zero-knowledge technology, Scroll has the fastest finality among all rollups, making it a cornerstone of the platform’s security and interoperability. This innovation transforms finality from a mere technical milestone into a vital feature that will drive the resilience of the entire network, further enhancing the utility of $SCR within the ecosystem.
“The launch of $SCR embodies the momentum of our protocol’s evolution,” said Raza Zaidi, Head of Growth for Scroll. “This token aims to help decentralize governance while enhancing our technical infrastructure. Our commitment to a fully decentralized ecosystem ensures that $SCR will play a critical role in driving the future growth and resilience of our platform.”
“Scroll’s mission is to build a more scalable and secure decentralized world. The launch of $SCR is a significant milestone in realizing this vision, as it empowers our community with greater control and rewards their contributions,” said Sandy Peng, Co-Founder of Scroll. “By decentralizing governance and incentivizing participation, we are creating a robust and resilient ecosystem. This launch marks the beginning of a new chapter for Scroll, where our community drives innovation and growth.”
About Scroll
Scroll is the leading zero-knowledge rollup. Leveraging fast finality and high throughput, Scroll is creating a more accessible, and secure onchain future for everyone. Our mission is to provide an easy-to-use, developer-friendly environment to scale Ethereum for good. Scroll empowers builders to ascend beyond today’s limitations and drive real-world impact. For more information, users can visit scroll.io .
Contact
Head of Communications
Ryan Dennis
Scroll
[email protected]
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin