What currency is Scroll (SCR)?

Scroll (SCR) is the native token of the Scroll network, a layer-2 scaling solution for Ethereum, used for transaction fees and network governance.

Dec 13, 2024 at 09:37 pm

What Currency is Scroll (SCR)?

Scroll (SCR) is the native token of the Scroll network, a layer-2 scaling solution for Ethereum. SCR is used to pay for transaction fees on the Scroll network and to participate in the network's governance.

Key Features of Scroll (SCR)

• Transaction Fees: SCR is used to pay for transaction fees on the Scroll network. These fees are used to compensate miners for securing the network and processing transactions.
• Governance: SCR holders can participate in the governance of the Scroll network by voting on proposals that affect the network's development and operation.
• Staking: SCR holders can stake their tokens to earn rewards and help secure the network.

How to Get Scroll (SCR)

SCR can be purchased on a variety of cryptocurrency exchanges, including Binance, Huobi, and OKEx.

Scroll (SCR) Use Cases

SCR has a number of use cases, including:

• Transaction Fees: SCR is used to pay for transaction fees on the Scroll network.
• Governance: SCR holders can participate in the governance of the Scroll network by voting on proposals that affect the network's development and operation.
• Staking: SCR holders can stake their tokens to earn rewards and help secure the network.
• Collateral: SCR can be used as collateral for loans on decentralized lending platforms.
• Investment: SCR can be purchased and held as an investment, with the hope that its value will increase over time.

Scroll (SCR) Tokenomics

The Scroll (SCR) token has a maximum supply of 1 billion tokens. The tokens are distributed as follows:

• Team: 20%
• Investors: 30%
• Community: 50%

Scroll (SCR) Price History

The price of SCR has been volatile since its launch in 2021. The token reached an all-time high of $0.30 in November 2021, but has since fallen to around $0.10.

Scroll (SCR) Future Outlook

The future of SCR is tied to the success of the Scroll network. If the network is successful in attracting users and developers, the demand for SCR will likely increase. This could lead to an increase in the price of SCR.

Conclusion

SCR is a promising cryptocurrency with a number of potential use cases. The success of the Scroll network will be a major factor in determining the future of SCR.