News Release
Hong Kong, Singapore, London, and Dubai, Global, October 22, 2024, Chainware.
Scroll
Ethereum’s leading zero-knowledge aggregator, today announced the launch of its native token, $SCR.
With the launch of $SCR, Scroll extends its gratitude to its global community of contributors and is committed to providing an opportunity for everyone around the world to participate in the decentralized future of Scroll.
$SCR will be distributed through carefully designed allocations to contributors of Scroll, maximizing opportunities for a decentralized global community. The initial distribution of SCR will include participants who have contributed to on-chain activities, Scroll-based projects, industry contributors such as technology contributors, zero-knowledge researchers, open-source developers, public goods organizations, and education data providers, as well as wider global community organizers, hackathon winners, Road to DevCon, and Ethereum translators. The design of the initial airdrop recognizes the importance of the involvement, engagement, and community support of Scroll contributors.
Furthermore, Scroll will introduce a next-generation reward program to generate new methods that promote innovation and enhance support for the Scroll community. Scroll Open is a new program aimed at rewarding the most innovative, creative, and rapidly-growing builders on Scroll and will offer a potential allocation scale of $100 million in reverse grants.
Using advanced zero-knowledge technology, Scroll possesses the fastest finality among all aggregators, making it a cornerstone for platform security and interoperability. This innovation transforms finality from a mere technical milestone into a significant feature that drives resilience across the entire network, further enhancing the utility of $SCR within the ecosystem.
Raza Zaidi, Growth Director at Scroll, said, “$SCR’s launch reflects the momentum of our protocol development. This token is designed to enable decentralized governance while strengthening our technical infrastructure. Our commitment to a fully decentralized ecosystem ensures that $SCR will play a crucial role in driving future growth and resilience for our platform.”
Sandy Peng, Co-founder of Scroll, stated, “Scroll’s mission is to establish a more scalable and secure decentralized world. The launch of $SCR is a significant milestone in achieving this vision as it empowers our community with greater control and rewards their contributions. Through decentralized governance and incentivized participation, we are creating a robust and resilient ecosystem. This release marks the beginning of a new chapter for Scroll, where our community drives innovation and growth.”
About Scroll
Scroll is a leading zero-knowledge aggregator. Leveraging fast finality and high throughput, Scroll is creating a more accessible and secure on-chain future for everyone. Our mission is to provide a user-friendly environment that is easy for developers to use and permanently scales Ethereum. Scroll empowers builders to surpass the limitations of today and drive real-world impact. For more information, users can visit scroll.io.
Contact
Communications Director
Ryan Dennis
Scroll
[email protected]
