{"id":17457,"date":"2024-10-09T12:42:49","date_gmt":"2024-10-09T12:42:49","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2024\/10\/09\/what-is-scroll-binances-60th-launchpool-project\/"},"modified":"2024-10-09T12:42:49","modified_gmt":"2024-10-09T12:42:49","slug":"what-is-scroll-binances-60th-launchpool-project","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2024\/10\/09\/what-is-scroll-binances-60th-launchpool-project\/","title":{"rendered":"What is Scroll? Binance&#8217;s 60th Launchpool Project"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Binance has introduced Scroll (SCR) as its <\/span><a href=\"https:\/\/www.binance.com\/en\/square\/post\/14589579098122\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">60th Launchpool project<\/span><\/a><span style=\"font-weight: 400;\">. Scroll, a zkEVM Rollup solution, is designed to enhance Ethereum\u2019s scalability. Binance will allow participants to stake their BNB and FDUSD to earn SCR tokens through airdrops during the farming period. In this guide, we will learn everything about Scroll (SCR) and Binance SCR token distribution.<\/span><\/p>\n<p><b>Key Takeaways<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scroll (SCR) is a <\/span><b>bytecode-compatible zkEVM rollup<\/b><span style=\"font-weight: 400;\"> designed for Ethereum scalability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/nftevening.com\/binance-review\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Binance<\/span><\/a><span style=\"font-weight: 400;\"> Launchpool farming for Scroll starts on October 9, 2024, offering 55 million SCR as rewards.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pre-market trading for Scroll will begin on October 11, 2024, with an SCR\/USDT trading pair.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Scroll_SCR\"\/><b>What is Scroll (SCR)?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><a href=\"https:\/\/scroll.io\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">Scroll (SCR)<\/span><\/a><span style=\"font-weight: 400;\"> is a blockchain layer-2 scaling solution that focuses on improving the scalability of Ethereum. Currently, it is Binance\u2019s 60th Launchpool project, built as a <\/span><b>Bytecode-compatible zkEVM Rollup<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It enhances Ethereum\u2019s scalability by using <\/span><b>zero-knowledge proofs<\/b><span style=\"font-weight: 400;\"> while maintaining full compatibility with Ethereum Virtual Machine (EVM). This means it can execute Ethereum smart contracts without compromising on speed, security, or compatibility.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Scroll_SCR_Works\"\/><b>How Scroll (SCR) Works?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Scroll works by <\/span><b>utilizing zk-Rollups<\/b><span style=\"font-weight: 400;\">, a Layer 2 scaling technology designed to reduce congestion on the Ethereum mainnet. It allows <\/span><b>multiple transactions to be bundled into one<\/b><span style=\"font-weight: 400;\">, which is then submitted to the Ethereum network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This not only reduces the load on Ethereum but also ensures that transactions are processed more quickly and with <\/span><b>lower fees<\/b><span style=\"font-weight: 400;\">. The core aim is to improve the overall user experience on Ethereum without compromising on security.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By leveraging zk-Rollups, Scroll ensures that even though <\/span><b>transactions are processed off-chain,<\/b><span style=\"font-weight: 400;\"> they are still verifiable on the Ethereum mainnet. This provides a balance between efficiency and trust. For you, this means faster transactions with reduced fees, making decentralized applications (dApps) more accessible and cost-effective.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Scroll_Key_Features\"\/><b>Scroll Key Features<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Scrolls\u2019 ZkEVM offers many features such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Scalability<\/b><span style=\"font-weight: 400;\">: It enhances scalability by processing more transactions off-chain. This reduces network congestion, allowing you to experience faster transaction times.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bytecode Compatibility<\/b><span style=\"font-weight: 400;\">: It offers full compatibility with Ethereum, enabling developers to migrate projects effortlessly.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost-Efficiency<\/b><span style=\"font-weight: 400;\">: By bundling multiple transactions together, the network fees are minimized, making it more affordable for you to use dApps and other services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Security<\/b><span style=\"font-weight: 400;\">: The use of zk-Rollups ensures that all transactions processed off-chain are still verifiable on-chain. This means that even though the system is optimized for speed, it does not compromise the security of your transactions.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Binance_Scroll_Launchpool_and_Pre-Market_Trading\"\/><b>Binance Scroll Launchpool and Pre-Market Trading<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><a href=\"https:\/\/launchpad.binance.com\/en\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">Binance Launchpool<\/span><\/a><span style=\"font-weight: 400;\"> offers a way for you to earn new tokens by staking specific cryptocurrencies. Scroll (SCR) is the 60th project on this platform. You can participate in farming SCR tokens by <\/span><b>staking BNB and FDUSD on Binance Launchpool<\/b><span style=\"font-weight: 400;\">. The staking period allows you to passively earn SCR tokens, which will be distributed at the end of the farming period.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Total Token Supply<\/b><span style=\"font-weight: 400;\">: 1 billion SCR.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Launchpool Rewards<\/b><span style=\"font-weight: 400;\">: 55 million SCR (5.5% of the total supply) will be the initial circulating supply on Binance distributed among participants.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hourly Cap<\/b><span style=\"font-weight: 400;\">: Up to 97,395 SCR can be earned from the BNB pool and 17,187 SCR from the FDUSD pool during the farming period.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After the farming period concludes, Binance will list the SCR\/USDT trading pair in its Pre-Market on October 11, 2024, at 10:00 UTC.<\/span><\/p>\n<p><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Binance_Pre-Market\"\/><b>What is Binance Pre-Market?<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Binance Pre-Market is an exclusive offering from Binance that allows you to <\/span><b>trade tokens before they are officially listed on the market<\/b><span style=\"font-weight: 400;\">. This gives you an early opportunity to access new projects and tokens like Scroll (SCR), which can help you secure better prices before the general public starts trading.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"\/><b>Conclusion<\/b><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">In conclusion, Scroll (SCR) offers a promising solution to Ethereum\u2019s scalability issues by using zk-Rollups. It focuses on reducing transaction fees, improving scalability, and maintaining security, making it an attractive project for you. Through Binance Launchpool, you can stake cryptocurrencies like BNB and FDUSD to earn SCR tokens.\u00a0<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/what-is-scroll-binances-60th-launchpool-project\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=what-is-scroll-binances-60th-launchpool-project\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has introduced Scroll (SCR) as its 60th Launchpool project. Scroll, a zkEVM Rollup solution, is designed to enhance Ethereum\u2019s scalability. Binance will allow participants to stake their BNB and FDUSD to earn SCR tokens through airdrops during the farming period. In this guide, we will learn everything about Scroll (SCR) and Binance SCR token [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2024\/10\/Scroll-Binances-60th-Launchpool.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/17457"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=17457"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/17457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/17458"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=17457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=17457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=17457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}