SCRScroll (SCR) Price

1.Project Introduction

Scroll is a Layer 2 scaling solution for Ethereum that leverages zk-rollups to enhance scalability, reduce transaction costs, and maintain security and decentralization.

Scroll zkEVM aims to provide a scalable, secure, and cost-effective solution for Ethereum that integrates zero-knowledge proof technology with the Ethereum Virtual Machine (EVM). In doing so, Scroll zkEVM ensures compatibility with existing Ethereum smart contracts while significantly increasing transaction throughput and reducing costs.

2.Tean introduction

Co-Founder - Sandy Peng

https://www.linkedin.com/in/sandy-peng-14a44b16b/

Co-Founder - Ye Zhang

https://www.linkedin.com/in/ye-zhang-70b072148/?originalSubdomain=cn

3.Token application and distribution

Token application:

SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.

There are three valuable rights for rollup protocol design that need to be decentralized, and here is how SCR can be involved in all of them.

- Governance right

Scroll will decentralize governance first via the Scroll DAO. It’s imperative that distributing this power to the community, to ensure Scroll’s network is resistant to capture by any centralized entity.

- Proving right

Scroll's governance is sufficiently decentralized, the prover is the next step. For long-term sustainability, the protocol must be designed to incentivize external parties to run provers and optimize for the best prover performance. SCR will be involved in aligning the miner community and creating a robust prover network.

- Sequencing right

Once the prover network has been established and battle-tested, Scroll will decentralize the sequencer. The sequencer orders transactions and produces layer 2 blocks, which requires high guarantees on liveness and real-time censorship resistance. SCR will be integral to the related mechanism design, ensuring that sequencers provide finality guarantees for optimal user experience.

Token distribution:

Airdrops - 15%

Allocating 7% of the total token supply to the first airdrop, and will reserve 8% of the total token supply for future airdrops, which are intended to take place over the next 12-18 months.

Ecosystem & Growth - 35%

Allocating 35% of the total token supply to promote the ecosystem and growth of the Scroll community.

Scroll Foundation Treasury - 10%

Scroll Foundation Treasury is allocated 10% of the total token supply.

Scroll Core Contributors (Team, Future Team, and Advisors) - 23%

Scroll core contributors (comprised of the core team, future team, and advisors) are allocated 23% of the total token supply in recognition of their contribution to developing the protocol and surrounding technologies. Core contributors’ tokens are subject to a vesting schedule based on the service period. Vested tokens will start to unlock after the 1st year of the launch of SCR and will be fully unlocked by the end of the 4th year after the launch of SCR.

Investors - 17%

Investors are allocated 17% of the total token supply, and these tokens start to unlock after the 1st year of the launch of SCR and will be fully unlocked by the end of the 4th year after the launch of SCR.