Binance, renowned as the world’s largest cryptocurrency exchange, is gearing up to introduce a new addition to its platform. In an exciting move, Binance will be listing its inaugural pre-market token, an Ethereum Layer-2 called Scroll. This innovative service, dubbed Pre-Market Trading, allows users to procure tokens before they officially appear on the spot market.
Understanding Binance’s New Trading Initiative
As revealed in a recent announcement, Binance will be the first to list Scroll (SCR), an Ethereum layer-2 solution aimed at enhancing blockchain efficiency. The Pre-Market Trading for Scroll is scheduled to kick off on 2024-10-11 at 10:00 (UTC). According to Binance, any other claims for early sale of this token might be false, highlighting the importance of user vigilance to secure their funds.
Innovations of Ethereum Layer-2 Technology
Scroll represents the 60th project on Binance Launchpool, a unique feature that allows investors to earn tokens before they publicly launch, by staking BNB, Binance’s native coin. This initiative began on October 9th, with the SCR/USDT trading pair facilitating the Pre-Market trading platform.
Further emphasizing Scroll’s capabilities, Binance describes it as an Ethereum Layer-2 zkRollup solution utilizing zero-knowledge proof technology. This technology intends to manage Ethereum’s congestion challenges, ultimately making transactions cheaper and faster while retaining security and compatibility.
Sneak Peek into Scroll’s Tokenomics
The total Scroll token supply is set at 1 billion, with an initial circulating supply comprising 19% of this total. Such strategic distribution aims to address global demand while maintaining economic balance.
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Disclaimer: Opinions expressed at The Daily Hodl do not constitute investment advice. It remains essential for investors to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl does not endorse buying or selling any assets mentioned, nor serves as a financial advisor. Furthermore, The Daily Hodl is involved in affiliate marketing.
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