Tokenomics Scroll with SCR Coin, 15% for Airdrop

Bittime - Scroll is a Layer 2 solution specifically designed to improve Ethereum performance. Recently, Scroll announced the launch of its first token, SCR. So, this article will discuss specifically the tokenomics of Scroll with SCR coins. 

One of the main highlights in this token distribution is the 15% allocation for the airdrop. This aims to reward the community as well as expand Scroll's reach worldwide. Let's explore further what Scroll is, how it works, and the role of the SCR token in this ecosystem.

What is Scroll (SCR)?

Scroll is a Layer 2 solution that aims to speed up transactions on the Ethereum network without compromising security. Scroll uses an advanced cryptographic technique called zero-knowledge rollups (zk-rollups). 

In this system, transactions are processed outside the Ethereum main network (off-chain), reducing congestion and transaction fees. The transaction results are then sent back to the main network (Layer 1) for verification. 

This allows users to continue using various decentralized applications (DApps) and other tools on Ethereum with lower fees and shorter confirmation times.

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The zk-rollups technology used by Scroll allows transactions to be processed quickly and securely, using evidence called zero-knowledge proofs (ZKP). With ZKP, transactions can be validated without having to reveal all transaction data, thereby speeding up the process and reducing costs without reducing the level of security.

How Does Scroll Work?

Scroll works by leveraging three main layers in its architecture: the completion layer, the scheduling layer, and the proof layer.

1. Settlement Layer: 

Serves as the primary supervisor, using the Ethereum mainnet to ensure data availability and verify zk-rollup proofs. Ethereum serves as the “final judge” ensuring all transactions are correct.

2. Scheduling Layer (Sequencing Layer): 

This is where transactions are processed and organized in batches before being sent back to Ethereum for storage and verification.

3. Proving Layer: 

The place where zk-rollups work. Computers called "provers" work together to produce zero-knowledge proofs that show that transactions were processed correctly. This proof ensures all processes are secure and ready to be verified by Ethereum.

Scroll also features the Zero-Knowledge Ethereum Virtual Machine (zkEVM), which keeps it 100% compatible with Ethereum. With zkEVM, developers can move their DApps to Scroll without having to change code or create new tools, making migration easier and more efficient.

What is SCR Token?

SCR is the main token launched by Scroll as a first step towards decentralization. The launch of this token not only aims to provide access to a global distributed network, but also to promote widespread adoption with equitable distribution. 

SCR will be available via Binance Launchpool and a planned airdrop, allowing users to acquire these tokens and become part of the growing Scroll ecosystem.

Also read: Time Farm When was the Ripple (XRP) ledger first created?

SCR Token Tokenomics  

Source: Scroll

The total supply of SCR tokens is 1 billion, with allocations designed to strengthen the ecosystem and empower the community. Following are the main divisions of SCR token distribution:

Airdrop (15%) 

As much as 15% of the total SCR supply will be distributed via airdrop, with the aim of rewarding users who actively interact with the Scroll ecosystem. 

A total of 7% will be allocated for the first airdrop, and the remaining 8% for future airdrops planned in the next 12-18 months.

Ecosystem & Growth (35%)

To support the development of the Scroll ecosystem, 35% of tokens will be allocated to participants who provide added value. A portion of this allocation will also be used to support Scroll DAO, as well as partner with global platforms such as Binance to expand reach.

Scroll Foundation Funds (10%)

A total of 10% is allocated to fund the operations and activities of the Scroll Foundation. These funds will be used to support the initial development of Scroll DAO and represent the interests of the Scroll community.

Core Contributors (23%) 

To reward the contributions of the core team, future teams, and advisors, 23% of tokens are allocated to them. This token will be unlocked gradually after one year from the launch of SCR.

Investor (17%)

Initial investors who support the development of this project receive an allocation of 17%. Tokens for investors will also be opened in stages over a period of four years.

Conclusion

Scroll is present as an innovative solution to overcome the limitations of the Ethereum network through zk-rollups based Layer 2 technology. With the launch of the SCR token, Scroll is taking a significant step towards decentralization and expanding reach to global users. 

The 15% allocation for airdrops is a real effort to reward the community that has supported the development of this ecosystem.

SCR token distribution is designed not only to strengthen the ecosystem. However, the token allocation is also to ensure long-term sustainability by involving various stakeholders. 

With these initiatives, Scroll is committed to delivering the most reliable and user-friendly rollup experience, while building a decentralized financial platform that is accessible to everyone, everywhere.

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