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Scroll plans to launch its cryptocurrency, SCR, becoming a decentralized platform and listing the SCR on Binance from October 22. Scroll plans to supply 1 billion SCR tokens, with 15% reserved for an airdrop, 35% for future growth, and the rest divided among investors, the Scroll Foundation, and contributors. Scroll competes with zero-knowledge (ZK) rollups like ZKsync Era and Starknet. Despite being newer in the market, Scroll’s total value stands at $1.2 billion as compared to $850 million for ZKsync Era and $625 million for Starknet. Christiansen.

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Scroll is on track to launch its own cryptocurrency, SCR, marking its first move towards becoming a decentralised platform – a bit like taking its first steps at standing on its own in the fast-moving world of blockchain tech. From 22nd October, Scroll will list SCR on Binance, a leading cryptocurrency exchange platform, and the existing users of Scroll should expect to find their ‘airdrop’ of free SCR tokens, based on the announcement made in an Oct. 8 blog post.

They plan for SCR to play the main role in the running and development of the Scroll protocol, trying to make Scroll more decentralized. So, in total, Scroll will supply 1 billion SCR tokens. Of that, 15% are reserved for these introductory airdrops, and 35% are kept back for future growth of the ecosystem. Meanwhile, 17% go to the investors. The rest of the pie will be split between the Scroll Foundation, who bagged 10%, and the contributors taking the remaining 23%.

Scroll is in competition with other similar platforms known as zero-knowledge (ZK) rollups, like ZKsync Era and Starknet. These ZK-rollups, which finalise deals super fast compared to their competitors, are predicted to take the top spot among Ethereum’s scaling solutions. Still, they are getting a run for their money from other platforms such as Movement Labs and its unique strategies.

The developers at Scroll run the network’s backbone infrastructure, but they shared a detailed roadmap back in January, outlining how they plan to move towards being a decentralized platform. They have big plans to use SCR tokens to help evolve Scroll’s governance and infrastructure and align the miner community to establish a stronger network on the platform.

Since its launch in 2023, Scroll has quickly grown its total value to an impressive $1.2 billion as of Oct. 8, according to L2Beat. That’s a whole lot more than ZKsync Era and Starknet, with respective total values of about $850 million and $625 million.

There’s more SCR to come, too. Scroll plans to distribute 7% of SCR’s total supply of 1 billion tokens in a forthcoming Oct. 22 airdrop. The goal of this airdrop is to thank on-chain users who have been actively using and supporting the Scroll ecosystem – a little token of their appreciation, quite literally!

Source: Cointelegraph