Categories: Press Releases

Scroll Launches $SCR Token to Recognize Global Community Contribution and Decentralize its Ecosystem

Hong Kong, Singapore, London, and Dubai, Global, October 22nd, 2024, Chainwire

Scroll, the leading zero-knowledge rollup for Ethereum, announced the launch of its native token, $SCR today.

With the introduction of $SCR, Scroll recognizes its global community of contributors for their ongoing support and aims to provide everyone, everywhere with opportunities to participate in the decentralized future of Scroll.

$SCR will be distributed to Scroll contributors through thoughtfully designed allocations to maximize impact in creating opportunities for a decentralized global community. Initial distribution of $SCR will include an airdrop to participants who contributed to onchain activities, projects that have built on Scroll, industry contributors (such as technical contributors, zero-knowledge researchers, open-source developers, public goods organizations, and educational data providers) as well as broader global community organizers, hackathon winners, Road to DevCon and Ethereum translators. The design of this first airdrop recognizes the importance of Scroll contributors’ participation, involvement, and community support.

In addition, Scroll will be introducing the next generation of reward programs, to generate new ways of fostering innovation and elevating support for the Scroll community. Scroll Open, a new program designed to reward the most innovative, creative, and fast-growing builders on Scroll will provide retro grants with a potential allocation size of US$100 million.

Using advanced zero-knowledge technology, Scroll has the fastest finality among all rollups, making it a cornerstone of the platform’s security and interoperability. This innovation transforms finality from a mere technical milestone into a vital feature that will drive the resilience of the entire network, further enhancing the utility of $SCR within the ecosystem.

“The launch of $SCR embodies the momentum of our protocol’s evolution,” said Raza Zaidi, Head of Growth for Scroll. “This token aims to help decentralize governance while enhancing our technical infrastructure. Our commitment to a fully decentralized ecosystem ensures that $SCR will play a critical role in driving the future growth and resilience of our platform.”

“Scroll’s mission is to build a more scalable and secure decentralized world. The launch of $SCR is a significant milestone in realizing this vision, as it empowers our community with greater control and rewards their contributions,” said Sandy Peng, Co-Founder of Scroll. “By decentralizing governance and incentivizing participation, we are creating a robust and resilient ecosystem. This launch marks the beginning of a new chapter for Scroll, where our community drives innovation and growth.”

About Scroll

Scroll is the leading zero-knowledge rollup. Leveraging fast finality and high throughput, Scroll is creating a more accessible, and secure onchain future for everyone. Our mission is to provide an easy-to-use, developer-friendly environment to scale Ethereum for good. Scroll empowers builders to ascend beyond today’s limitations and drive real-world impact. For more information, users can visit scroll.io.