Scroll (SCR)

The SCR token airdrop scandal surfaced after founder Scroll's wallet was accused of manipulation, drawing the attention of the crypto community. What really happened?

Airdrop Scroll Manipulation Scheme

<img src="https://static.bittime.com/cms-static/upload/Skema_Manipulasi_Scroll_Airdrop_1_84bd45fc43.webp" alt="Skema Manipulasi Scroll Airdrop" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?cn=400001">Bittime</a> - A new scandal has surfaced in the cryptocurrency world after the founder of Scroll's wallet was accused of manipulation in the SCR token airdrop. With over 1 million marks received, this conjecture attracted great attention from the user and investor community.The SCR token airdrop announced by Binance recently attracted more than 1.6 million participants via BNB and FDUSD liquidity pools. This initiative is part of Scroll's efforts to distribute their tokens fairly, but recent reports reveal that some of the founders' wallets may be involved in practices that harm users.<figure class="image"><a href="https://www.bittime.com/register?cn=400001" target="_blank" rel="noopener noreferrer"><img style="aspect-ratio:601/301;" src="https://static.bittime.com/cms-static/upload/join_registrasi_lucky_draw_2a7ca2565e.webp" alt="join registrasi lucky draw.webp" width="601" height="301"></a></figure><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Scroll Airdrop Scandal Findings</h2>According to analysis conducted by an on-chain sleuth named Andrew 10 Gwei, Scroll's core team has been airdropping SCR tokens to their own wallets in recent times. Andrew mentioned that the Scroll founder's wallet received between 10,000 to 1 million marks directly related to the SCR airdrop.“Most of the wallets that have more than 200,000 marks are project wallets: L0, Orbiter, Rhino, Owlto, Relay and others. "This wallet is needed to run their bridge contracts, with tens to hundreds of thousands of transactions," explained Andrew.Although the SCR token airdrop has not yet taken place, there is a high probability that the founder's wallet will receive the majority of the token allocation provided.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/apa-itu-ogc-airdrop">What is OGC Airdrop?</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Response from the Founding Team</h2>Scroll's founding team led by Sandy and Haichen Shen is now under the spotlight for allegedly attempting to defraud the community through an upcoming airdrop.&nbsp;The goal of this airdrop is actually to increase the decentralization of the protocol by giving governance power to users. However, this scandal raises doubts about the integrity of the token distribution process.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Launch Plan and Token Allocation</h2>Binance has announced that SCR tokens will trade with Bitcoin and USDT pairs on their spot platform after the pre-market trading period ends on October 21. The total supply of SCR tokens is estimated at 1 billion, with 15 percent of it allocated for the airdrop.&nbsp;Of the total supply, Scroll's contribution will receive 23 percent, while Scroll investors will get 17 percent. The remainder is allocated for ecosystem growth and the Scroll Foundation.<figure class="image"><a href="https://support.bittime.com/hc/id/articles/10949596921487-Waktunya-Cuan-Seru-Auto-Earn-20-APY-untuk-Koin-Hype-di-Bittime" target="_blank" rel="noopener noreferrer"><img style="aspect-ratio:600/338;" src="https://static.bittime.com/cms-static/upload/OPS_Auto_Earn_2648e95eef.webp" alt="OPS - Auto Earn.webp" width="600" height="338"></a></figure><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Market Overview</h2>Scroll previously managed to raise $50 million in funding from various leading investors, including Polychain Capital and Sequoia China. The Scroll Network now has a total value locked of around $968 million with a stablecoin market cap of $140 million.&nbsp;Some of the prominent DeFi projects running on the Scroll network include the Pencils protocol, AAVE V3, and Tokan Exchange.With this scandal, the crypto community is now increasingly alert to possible manipulation practices, especially in the token distribution process. The founder's involvement in the airdrop is a warning to investors to always carry out due diligence before participating in a new project.<h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto di Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_NEW_e4ecd75e9d.webp" alt="Cara Beli NEW.webp" width="753" height="301"></a>Want to trade sell<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id"> buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

thumbnail_Skema Manipulasi Scroll Airdrop (1).webp

Skema Manipulasi Scroll Airdrop (1).webp

Announcement of scroll sessions 2: scroll's biggest rewards program, Hi Bittimers! Exciting news coming from Scroll with the launch of Scroll Sessions 2

Announcement of Scroll Sessions 2: Scroll's Biggest Rewards Program

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Announcement of Scroll Sessions 2 Scroll's Biggest Rewards Program.webp

The world's leading crypto platform, Binance, has announced the closure of trading Pre-Market Scroll (SCR) which will end on October 21 2024. Stay tuned!

Binance Closes Pre-Market Scroll (SCR) on October 21

<img src="https://static.bittime.com/cms-static/upload/Binance_Closes_Pre_Market_Scroll_SCR_on_October_21_c82fbc340e.webp" alt="Binance Closes Pre-Market Scroll (SCR) on October 21.webp" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;The world's leading crypto platform, Binance, has announced the closure of trading Pre-Market Scroll (SCR) which will end on October 21 2024, at 17.00 WIB.&nbsp;This step is the initial stage before the official launch of spot trading for SCR tokens with various trading pairs which will begin in October 22 2024, at 16.00 WIB.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/join_registrasi_lucky_draw_2a7ca2565e.webp" alt="join registrasi lucky draw.webp" width="601" height="301"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:14pt;" dir="ltr">Preparation for SCR Spot Trading</h2>Once Pre-Market trading ends, Binance will open spot trading for some pairs. Users can now start depositing SCR tokens on October 21 2024, at 17.00 WIB, as a preparatory step before trading officially opens.Furthermore, SCR withdrawal new will be available on October 23 2024, at 15.00 WIB. All transfer functions in the Scroll network are expected to be active again on October 21 before 17.00 WIB.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/cuan-vitalik-buterin-meme-coin">Vitalik Buterin $600,000 from Meme Coin, Here's How!</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:14pt;" dir="ltr">Scroll Token (SCR) and Seed Tag Features</h2>SCR token will be launched with "seed tag", indicating its initial status as a newly launched project on Binance.&nbsp;Users need to pay attention that all orders in the Pre-Market market will be automatically deleted once the Pre-Market session ends. Binance will also not charge a listing fee for SCR, at value 0 BNB as a token registration fee.<a target="_blank" rel="noopener noreferrer" href="https://support.bittime.com/hc/id/articles/10949596921487-Waktunya-Cuan-Seru-Auto-Earn-20-APY-untuk-Koin-Hype-di-Bittime?cn=400001"><img src="https://static.bittime.com/cms-static/upload/OPS_Auto_Earn_2648e95eef.webp" alt="OPS - Auto Earn.webp" width="600" height="338"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:14pt;" dir="ltr">Scroll Network and USDT Support</h2>SCR will run on the network Scroll Network with a smart contract address 0xd29687c813D741E2F938F4aC377128810E217b1b. Besides that, USDT deposits and withdrawals via the Scroll network is now available without the need for additional announcements.Fiat TRY, which is the Turkish Lira currency, is also available as a trading pair for the SCR token. Binance emphasized that TRY only functions as a fiat currency and is not linked to any other crypto assets.Also read:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/x-atau-twitter-berpotensi-denda">X or Twitter Potentially Fines, Elon Musk's Other Companies Could Also Be Affected!</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:14pt;text-align:justify;" dir="ltr">Conclusion</h2>The close of Pre-Market trading and the official launch of spot trading for SCR on Binance provides new opportunities for traders. With a variety of trading pairs, SCR is ready to enliven the crypto market.Continue to follow the latest news from other crypto worlds only on Bittime. You can also buy it&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/BTC-IDR">BTC/IDR</a> to meme coins easily here, you know.&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_NEW_e4ecd75e9d.webp" alt="Cara Beli NEW.webp" width="753" height="301">Want to trade sell<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id"> buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Binance Closes Pre-Market Scroll (SCR) on October 21.

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Binance Closes Pre-Market Scroll (SCR) on October 21.webp

One of Ethereum's newest layer 2 projects, Scroll, is currently in the spotlight. Let's get to know more about what Scroll is, how Scroll works, and what are the advantages of Scroll here.

What is Scroll, How Does It Work, and What Are Its Advantages?

What is Scroll, How Does It Work, and What Are Its Advantages

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What is Scroll, How Does It Work, and What Are Its Advantages.jpg

SCR Coin officially launched on Binance Launchpool, marking the Scroll project's first step towards decentralization. Earn rewards by participating in this ecosystem!

SCR Coin Launches on Binance Launchpool

<img src="https://static.bittime.com/cms-static/upload/Koin_SCR_Meluncur_di_Binance_Launchpool_1_31ba065046.webp" alt="Koin SCR Meluncur di Binance Launchpool" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">Bittime</a> -&nbsp;SCR Coin has officially launched on Binance Launchpool, marking a significant first step for the Scroll project in its efforts towards decentralization.&nbsp;This announcement has caught the attention of the crypto community, given Scroll's vision to provide everyone with global access to a distributed network of applications and services.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/cats?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Body_Banner_5_728824f858.webp" alt="Body-Banner (5).webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">SCR Coin Launch</h2>In the official announcement, the Scroll team expressed their enthusiasm for the launch of the $SCR token. The token is designed to be an integral part of their ecosystem, aiming to expand access to applications and services globally.&nbsp;This launch is also part of Scroll's strategy to strengthen their mission to build a more open and decentralized network.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Availability on Binance Launchpool</h2>With $SCR now available on Binance Launchpool, users have the opportunity to participate in the project in an easy and secure way.&nbsp;Binance Launchpool is a platform that allows users to stake their coins and earn rewards in the form of new tokens. This is an important step for Scroll to reach a wider audience and encourage active participation in its ecosystem.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Upcoming Airdrop Plans</h2>In addition to the launch on Binance Launchpool, Scroll also announced plans for an upcoming airdrop. This provides additional opportunities for the community to get involved and earn $SCR tokens.&nbsp;With this airdrop, the team hopes to increase awareness and adoption of the token among new users, as well as expand the reach of their ecosystem.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/captain-tsubasa-rivals-daily-combo-11-oktober-2024-ini-kombinasi-kartunya">Captain Tsubasa Rivals Daily Combo 11 October 2024: This is the Card Combination!</a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Conclusion</h2>The launch of $SCR coin on Binance Launchpool is a strategic step for Scroll in realizing their vision of decentralization. With wider access through large platforms like Binance and airdrop plans, Scroll is looking to build a strong and diverse community.&nbsp;Users around the world now have the opportunity to engage in this promising ecosystem, reinforcing hopes for a more distributed future in the world of crypto.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade, sell,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id">buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with&nbsp;Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

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Koin SCR Meluncur di Binance Launchpool (1).webp

What is Scroll (SCR) Ethereum currently has the most dynamic ecosystem, yet it is often congested and transaction fees are expensive 