Binance is set to list the Scroll token SCR, the native token of the Ethereum Layer 2 network Scroll, for pre-market trading. This announcement marks Binance as the first platform to offer this service, as revealed in a statement on Tuesday.
Before the pre-market listing, the Scroll project will be added to Binance Launchpool, allowing users to lock their BNB and FDUSD to farm SCR airdrops. This farming opportunity will be available for two days starting from midnight UTC on October 9. Binance has set a hard cap of 97,395 SCR per user in the BNB pool and 17,187 SCR in the FDUSD pool.
The total supply of Scroll tokens will be 1 billion SCR, with Binance Launchpool rewards accounting for 55 million tokens, or 5.5% of the total supply. When listed on Binance, the initial circulating supply will be 190 million SCR, representing 19% of the total.
Binance plans to officially list SCR starting at 10 a.m. UTC on October 11, opening pre-market trading for the SCR/USDT pair. However, the exact end time for pre-market trading and the official spot listing time are yet to be disclosed. It is important to note that this offer will not be available in all regions.
While Scroll has not confirmed an exact launch date for its token, it is anticipated to happen within this quarter. The Scroll zkEVM went live on the mainnet in October 2023, with a total of 76,769 ETH (approximately $186 million) bridged to the platform so far.
zkEVMs are Layer 2 networks built on Ethereum that utilize zero-knowledge proofs for enhanced scalability. As Ethereum Virtual Machine-compatible, these networks effectively support Ethereum applications while maintaining operational efficiency.
Binance recently launched its pre-market trading service, allowing users to take early positions before a token's official market listing. Unlike existing platforms, Binance offers pre-market trading of actual tokens rather than derivatives. According to Binance, it is the only crypto exchange providing pre-market spot trading, where tokens are exclusively allocated and generated for users.
Currently, tokens obtained through Launchpool will remain with users until the official spot listings occur. With Binance's Pre-Market, users can trade these tokens post-Launchpool distribution, although withdrawal, transfer, and deposit limits will apply until the official listing.
SCR is set to be Binance's first token available for pre-market trading. However, this service will be unavailable in certain regions including the U.S., Canada, Dubai, Japan, the Netherlands, Russia, and Spain.
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