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What is the issuance amount of Scroll (SCR) coins?
The total issuance amount of Scroll (SCR) coins is 1 billion, with a token distribution plan including seed and strategic rounds, public sale, team allocation, ecosystem fund, and a phased release schedule.
Dec 08, 2024 at 07:30 pm
What is the Issuance Amount of Scroll (SCR) Coins?
Introduction:
Scroll is a decentralized, scalable, and zero-knowledge (ZK) Layer-2 solution built on top of the Ethereum blockchain. SCR is the native utility token of the Scroll network. It is used to pay for transaction fees, provide incentives for validators, and participate in the network's governance.
Issuance Amount of Scroll (SCR) Coins:
The total issuance amount of Scroll (SCR) coins is 1,000,000,000 (1 billion).
Token Distribution:
- Seed Round (20%): 200,000,000 SCR
- Strategic Round (20%): 200,000,000 SCR
- Public Sale (30%): 300,000,000 SCR
- Team and Advisors (15%): 150,000,000 SCR
- Ecosystem Fund (15%): 150,000,000 SCR
Release Schedule:
The SCR tokens are released over a period of four years, with the following schedule:
- Seed and Strategic Round: Tokens are vested over 24 months from the token generation event (TGE).
- Public Sale: Tokens are distributed after the TGE.
- Team and Advisors: Tokens are vested over 36 months from the TGE.
- Ecosystem Fund: Tokens are released over 48 months from the TGE.
Use Cases of SCR Tokens:
- Transaction Fees: SCR tokens are used to pay for transaction fees on the Scroll network.
- Validator Incentives: Validators are rewarded with SCR tokens for validating transactions and maintaining the network's security.
- Governance: SCR token holders can participate in the governance of the Scroll network by voting on protocol updates and development proposals.
Benefits of Holding SCR Tokens:
- Network Usage: SCR tokens are essential for using the Scroll network and its features.
- Staking Rewards: Validators can earn SCR tokens by staking their tokens and participating in the network's consensus mechanism.
- Governance Participation: SCR token holders have a voice in the direction of the Scroll network through their voting rights.
- Potential Appreciation: The value of SCR tokens may increase in value as the Scroll network grows and gains adoption.
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