Scroll on Binance Launchpool: get SCR tokens for staking BNB or FDUSD
Scroll, a fully EVM-equivalent zk-storage device designed to scale the Ethereum network, has been announced as the 60th participant in the Binance Launchpool for the initial distribution of SCR tokens to the community.
The Incrypted editorial team has repeatedly covered the project’s activities in the airdrops section. The amount of funds raised is $80 million. A detailed overview of the project can be found in the article:
At the time of writing, there is no functionality to check the SCR compliance of the distribution. Subscribe to Incrypted Airdrops, where we will promptly publish the details as soon as they become available.
The announcement of the next launch pool allows users to claim a share of SCR tokens before the listing, even if they have not received an airdrop from the project. The total supply of SCR is 1 billion tokens. 5.5% are allocated for the pharmaceutical campaign, and 19% for the initial public offering.
It should also be noted that Scroll will be the first project to be available for pre-market trading on Binance.
In this article, we will take a closer look at the activity and show you how to register for participation.
More about the Launchpool
After the Scroll project appears on the Launchpool page, you need to deposit BNB and/or FDUSD into the staking to claim a share of the SCR token distribution. During the period of balance snapshots, the users’ balance and the total pool balance are recorded every hour for the purpose of calculating rewards.
The maximum amount that can be distributed in one day is 27.5 million SCR (23,375,000 for the BNB and 4,125,000 for the FDUSD pool). Thus, as the number of users increases, the reward decreases. Therefore, to maximize the reward, you need to join the farming in advance or at the very beginning, when there are fewer stakers.
A total of 55 million SCR will be distributed among the participants of the Scroll lounge pool:
- BNB pool: 46 750 000 SCR (85%);
- FDUSD pool: 8 250 000 SCR (15%).
If you don’t have a Binance account, you can register with the exchange by following this link.
Important: The token will first be listed on the pre-market platform on October 11, 2024 at 10:00 UTC. The start of spot trading will be announced later.
How to participate in the Scroll Launchpool
Important: the opportunity to join the farm will open on October 9 at 00:00. The farming period is 2 days.
Note: screenshot used from the previous campaign for illustration purposes.
- Follow the link and select Scroll. Click Lock in the desired pool:
- Enter the amount you want to place in the pool and click Stake.
- Wait for the distribution to complete. The tokens will be automatically credited to the participants’ spot account.
Conclusion
The amount of SCRs received depends on the deposits in staking pools and the period for which they are stored there. To increase the reward, you need to join the farming in advance or at the very beginning. Take into account all the risks if you decide to buy BNBs specifically for this campaign. For users who have owned a native BSC network token before, participation will only cost them a liquidity lock for the duration of the campaign.
Highlights:
- staking is open until October 11, 00:00;
- $80 million has been invested in the project;
- the farming period is 2 days.
Useful links: Website | X | Discord
If you have any questions during the activity, you can ask them in our X.
All information is provided for informational purposes only and should not be used as a basis for making investment decisions, nor should it be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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