Starting October 11, Binance will begin pre-market trading for SCR, the native token of Ethereum Layer 2 network Scroll. As the first platform to offer SCR pre-market trading, Binance aims to provide users early access before the full spot market launch. However, the specific end time for pre-market trading and the official spot listing date remain unannounced.
Binance Launchpool Farming for SCR Airdrops
In the lead-up to the pre-market listing, Scroll’s SCR token will be featured on Binance Launchpool. Beginning October 9 at midnight UTC, users can lock their BNB and FDUSD tokens to farm SCR airdrops. Binance has set a cap of 97,395 SCR per user for the BNB pool and 17,187 SCR for the FDUSD pool. The farming will last two days, offering a unique opportunity to earn SCR tokens before they hit the market.
Tokenomics and Supply Details
Scroll’s total token supply is set at 1 billion SCR, with Binance’s Launchpool distributing 55 million tokens, or 5.5% of the total supply. Upon its listing, the circulating supply of SCR will reach 190 million, making up 19% of the overall token supply. This strategic release is designed to gradually introduce the SCR token into the market.
Key Trading Information and Regional Restrictions
Binance will officially open trading for the SCR/USDT pair at 10 a.m. UTC on October 11. Pre-market trading will allow users to take early positions, but not all regions will have access to this service. The U.S., Canada, Dubai, Japan, Russia, and several other countries are excluded from Binance’s pre-market offerings.
Scroll’s zkEVM and Ethereum Compatibility
Scroll is built on zkEVM technology, a Layer 2 network using zero-knowledge proofs to enhance Ethereum scalability. This means Scroll is fully compatible with Ethereum applications while improving transaction speed and efficiency. Since Scroll’s zkEVM went live on the mainnet in October 2023, the network has successfully bridged 76,769 ETH, equivalent to $186 million.
Binance’s Innovative Pre-Market Trading Service
Binance introduced its pre-market trading service just two weeks ago, setting itself apart by offering pre-market trading of “actual tokens” rather than derivatives. This service allows users to trade tokens like SCR before the spot market launch, though limitations on withdrawals, transfers, and deposits apply until the official listing.
First Pre-Market Trading Token on Binance
SCR is the first token to be offered for pre-market trading on Binance, marking a significant milestone for both the exchange and Scroll. However, users in restricted regions will not be able to participate in this unique trading opportunity.
By providing early access to SCR tokens and leveraging zkEVM technology, Binance and Scroll are pushing the boundaries of Ethereum Layer 2 solutions. This strategic collaboration highlights Binance’s innovative approach to pre-market trading while offering users exclusive opportunities to participate in token launches.
