Dubai, UAE, Oct. 22, 2024 (GLOBE NEWSWIRE) — CoinW, the world’s pioneering cryptocurrency trading platform, will initially listing Scroll(SCR) on the Layer2 Zone. For all CoinW customers, the SCR/USDT will likely be formally obtainable for buying and selling on October twenty second 2024, at 8:00 (UTC). To have a good time the itemizing of SCR, we’re launching the “ SCR bounty program: Register & Commerce & Retweet” occasion with a reward pool of 10,000 USDT.
Scroll’s Revolutionary Method to Ethereum Scaling
Launched in 2023, Scroll has quickly established itself as a key participant in Ethereum scaling options, leveraging zkEVM structure to attain seamless EVM compatibility. In 2024, Scroll grew to become a dominant pressure within the EAS-proof rankings, surpassing different main chains like Base, Optimism, Arbitrum, and Polygon. Collaborating with the Ethereum Basis’s zk staff, Scroll employs the superior Halo2 proof system to construct the primary zkEVM in a totally open setting, complemented by its proprietary GPU zkEVM prover, which is 10 occasions sooner than conventional CPU provers. By the launch of ZK {hardware} accelerator, PipeZK, Scroll is additional pioneering the ZK {hardware} market.
SCR Token: Utility and Tokenomics
The SCR token is on the coronary heart of Scroll’s ecosystem, serving as each a governance and utility token. From the primary day of itemizing, SCR holders may have the power to take part in governance choices associated to Scroll’s protocol growth. Future use circumstances embrace staking, gas-free transactions, and coordinating incentives throughout the community. With a complete provide of 1 billion SCR tokens, the preliminary circulating provide at launch will likely be 190 million. The token allocation is designed to make sure long-term development, with a focus on ecosystem growth, investor incentives, and group participation by way of airdrops.
A Sturdy Ecosystem Backed by Substantial Funding
Scroll’s ecosystem has seen speedy enlargement, with a DeFi TVL reaching $1.15 billion in September 2024 and a stablecoin market cap exceeding $100 million—main the ZK chain house. Main DeFi tasks like Pencil Protocol, Tokan Exchange, and Rho Markets have joined Scroll’s vibrant ecosystem. Supported by over $80 million in funding and a $1.8 billion valuation, Scroll’s future is vivid as customers step by step transition from Optimistic Rollups to zkRollups, securing its place as a main Layer 2 hub.
10,000 USDT Restricted-Time Provide for CoinW Neighborhood
To have a good time the itemizing, 10,000 USDT equal SCR prize pool will likely be up for grabs from October twenty second, 2024, at 5:00 to October twenty ninth, 2024, at 16:00 (UTC). By collaborating in occasions corresponding to registration, buying and selling, and group occasions, CoinW customers have the chance to share in a prize pool of 10,000 USDT. To assert your rewards, please click on here.
About CoinW
CoinW is a pioneering crypto buying and selling platform that prioritizes safety, transparency, and user-centric rules. With superior know-how, deep liquidity, and a big selection of supported cryptocurrencies, the corporate has amassed a broad person base to turn into one of many world’s most safe crypto exchanges. Dedicated to safety, transparency, and compliance, the CoinW alternate upholds the best regulatory requirements and actively contributes to the development of the crypto business. To study extra about CoinW, you may go to the official website, and comply with CoinW’s Twitter Account, Btok, and Telegram Group.
About SCR
Scroll is considered one of a number of Ethereum scaling networks utilizing zk-rollups, alongside Polygon, StarkWare, and Matter Labs. Scroll’s three core values—community-driven, security-first, and decentralization in any respect ranges—present its aggressive edge. With contemporary funding, Scroll goals to proceed growing its merchandise, launch its mainnet, and increase its ecosystem. Scroll is a zkEVM-based zkRollup on Ethereum, enabling native compatibility with current Ethereum functions and instruments.
Disclaimer: The knowledge supplied on this press launch just isn’t a solicitation for funding, neither is it supposed as funding recommendation, monetary recommendation, or buying and selling recommendation. Cryptocurrency mining can contain threat. There’s potential for lack of funds. It’s strongly really useful you observe due diligence, together with session with a skilled monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.
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