Binance Announces Launch of Scroll (SCR) on Launchpool and Pre-Market Trading

Binance unveils Scroll (SCR) as its 60th Launchpool project, offering airdrops through BNB and FDUSD staking, with pre-market trading starting October 11, 2024.

Binance has announced the launch of Scroll (SCR) on Launchpool and pre-market trading. Here are the details:

Binance Unveils Scroll (SCR) Launchpool Project

Binance has introduced Scroll (SCR) as the 60th project on its Launchpool platform, as per a recent announcement. This initiative will allow users to lock their BNB and FDUSD tokens to earn SCR airdrops over a two-day farming period, commencing on October 9, 2024.

Pre-Market Trading Commences

Pre-market trading for SCR will begin on October 11, 2024, at 10:00 UTC, and will feature the SCR/USDT trading pair. Binance has cautioned users against any unauthorized pre-listing offers, labeling them as potential false advertising.

Launchpool Specifics

Scroll (SCR) has a maximum token supply of 1 billion, out of which 55 million SCR is allocated to Launchpool rewards. The initial circulating supply at the time of Binance listing will be 190 million SCR, which is 19% of the total supply.

Participation and Eligibility

While most users can participate in the Launchpool and pre-market activities, there are geographical restrictions. Notably, users from the United States, Japan, and several other regions are excluded. Additionally, only master and regular user accounts can engage in pre-market trading, excluding sub-accounts.

Farming and Rewards

During the farming period, users can lock BNB and FDUSD to receive SCR rewards. The annual percentage yield (APY) and total pool balance will be updated in real-time. Users can claim rewards directly to their spot accounts at any time.

Additional Considerations

Binance has stated that all tokens locked in Launchpool will continue to receive standard benefits, such as airdrops and VIP perks. However, assets used as collateral for Binance Loans are not eligible for Launchpool rewards. Binance reserves the right to revoke rewards for any dishonest activities observed during the Launchpool.