Scroll Launches Native Token, SCR, to Recognize Global Community of Contributors
Scroll, the leading zero-knowledge rollup for Ethereum, announced the launch of its native token, SCR, today.
Global Web3 Scroll Announces Launch of Native Token, SCR
October 22, 2024 – Hong Kong, Singapore, London and Dubai, Global Web3 Scroll, the leading zero-knowledge rollup for Ethereum, has announced the launch of its native token, SCR, today. With the introduction of SCR, Scroll is recognizing its global community of contributors for their ongoing support and continuing to provide everyone, everywhere with opportunities to participate in the decentralized future of Scroll.
SCR will be distributed to Scroll contributors through thoughtfully designed allocations to maximize impact in creating opportunities for a decentralized global community. The initial distribution of SCR will include an airdrop to participants who contributed to on-chain activities, projects that have been built on Scroll and industry contributors – such as technical contributors, zero-knowledge researchers, open-source developers, public goods organizations and educational data providers – as well as broader global community organizers, hackathon winners, Road to DevCon and Ethereum translators.
The design of this first airdrop recognizes the importance of Scroll contributors’ participation, involvement and community support. In addition, Scroll will be introducing the next generation of reward programs to generate new ways of fostering innovation and elevating support for the Scroll community. Scroll Open, a new program designed to reward the most innovative, creative and fast-growing builders on Scroll, will provide retro grants with a potential allocation size of $100 million.
Using advanced zero-knowledge technology, Scroll has the fastest finality among all rollups, making it a cornerstone of the platform’s security and interoperability. This innovation transforms finality from a mere technical milestone into a vital feature that will drive the resilience of the entire network, further enhancing the utility of SCR within the ecosystem.
Raza Zaidi, head of growth for Scroll, said: “The launch of SCR embodies the momentum of our protocol’s evolution. This token aims to help decentralize governance while enhancing our technical infrastructure. Our commitment to a fully decentralized ecosystem ensures that SCR will play a critical role in driving the future growth and resilience of our platform.”
Sandy Peng, co-founder of Scroll, said: “Scroll’s mission is to build a more scalable and secure decentralized world. The launch of SCR is a significant milestone in realizing this vision, as it empowers our community with greater control and rewards their contributions.
“By decentralizing governance and incentivizing participation, we are creating a robust and resilient ecosystem. This launch marks the beginning of a new chapter for Scroll, where our community drives innovation and growth.”
About Scroll
Scroll is the leading zero-knowledge rollup. Leveraging fast finality and high throughput, Scroll is creating a more accessible and secure on-chain future for everyone. Our mission is to provide an easy-to-use, developer-friendly environment to scale Ethereum for good. Scroll empowers builders to ascend beyond today’s limitations and drive real-world impact.
For more information, users can visit the website.
Contact
Ryan Dennis, head of communications at Scroll
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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