Binance Adds Layer-2 Altcoin Scroll (SCR) for Spot Trading

Introduction

Binance, the renowned cryptocurrency exchange, has expanded its trading options by introducing a new Ethereum layer-2 altcoin called Scroll (SCR) for spot trading.

Trading Options

Scroll (SCR) can now be traded on Binance using pairs such as SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. Customers can purchase Scroll using various methods including VISA, MasterCard, Google Pay, Apple Pay, and wallet balances.

Scroll Project

Scroll aims to address Ethereum network congestion and reduce fees by offering a layer-2 zkRollup solution that scales Ethereum while maintaining security and compatibility through zero knowledge proof technology.

Token Details

Scroll has a total token supply of 1 billion, with an initial circulating supply of 190 million. Binance has applied a seed tag to SCR, indicating potential volatility compared to other tokens listed on the exchange.

Scroll Airdrop

The project’s first token airdrop was recently launched, rewarding contributors to the growth of Scroll’s protocol, ecosystem, and community with 7% of the total token supply allocated for this purpose.

Current Status

Scroll is currently trading at $0.9178, experiencing a 21.3% decline in the last 24 hours. With a market cap of $174.6 million, Scroll ranks as the 301st largest crypto project.

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Disclaimer: The opinions expressed are not investment advice. Readers should conduct their own research before engaging in high-risk investments. Transfer and trade at your own risk, and losses incurred are the responsibility of the individual. The Daily Hodl does not provide investment advice. Participation in affiliate marketing is disclosed.