Binance Announces Launch of Scroll (SCR) on Launchpool and Pre-Market
Peter Zhang Oct 08, 2024 10:16
Binance unveils Scroll (SCR) as its 60th Launchpool project, offering airdrops through BNB and FDUSD staking, with pre-market trading starting October 11, 2024.
Scroll (SCR) Joins Binance Launchpool
Binance has introduced Scroll (SCR) as the 60th project on its Launchpool platform, according to Binance. This initiative allows users to lock their BNB and FDUSD tokens to earn SCR airdrops over a two-day farming period starting October 9, 2024.
Pre-Market Trading Details
Pre-market trading for SCR will commence on October 11, 2024, at 10:00 UTC, featuring the SCR/USDT trading pair. Binance has cautioned users against unauthorized pre-listing offers, labeling them as potential false advertising.
Launchpool Specifics
Scroll (SCR) has a maximum token supply of 1 billion, with 55 million SCR allocated to Launchpool rewards. The initial circulating supply at the time of Binance listing will be 190 million SCR, representing 19% of the total supply.
Participation and Eligibility
Users from specific regions may face restrictions in participating in the Launchpool and pre-market activities. Notably, users from the United States, Japan, and several other regions are excluded. Additionally, only master and regular user accounts can engage in pre-market trading, excluding sub-accounts.
Farming and Rewards
During the farming period, users can lock BNB and FDUSD to receive SCR rewards. The annual percentage yield (APY) and total pool balance will be updated in real-time. Users can claim rewards directly to their spot accounts at any time.
Additional Considerations
Binance has stated that all tokens locked in Launchpool will continue to provide standard benefits such as airdrops and VIP perks. However, assets used as collateral for Binance Loans are not eligible for Launchpool rewards. Binance reserves the right to revoke rewards for any dishonest activities observed during the Launchpool.
Image source: Shutterstock