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At Extreme Investor Network, we strive to provide you with the latest and most valuable information in the world of cryptocurrency, blockchain, and investing. Today, we are excited to share with you the latest news from Binance regarding their 60th Launchpool project, Scroll (SCR).
Scroll (SCR) Joins Binance Launchpool
Binance has recently unveiled Scroll (SCR) as the 60th project on its Launchpool platform. This new initiative allows users to lock their BNB and FDUSD tokens to earn SCR airdrops over a two-day farming period starting on October 9, 2024.
Pre-Market Trading Details
Pre-market trading for SCR is set to begin on October 11, 2024, at 10:00 UTC, with the SCR/USDT trading pair being available. Binance has issued a warning against unauthorized pre-listing offers, urging users to be cautious of potential false advertising.
Launchpool Specifics
Scroll (SCR) has a total token supply of 1 billion, with 55 million SCR allocated for Launchpool rewards. Upon listing on Binance, the initial circulating supply will be 190 million SCR, accounting for 19% of the total supply.
Participation and Eligibility
It’s essential to note that certain regions, including the United States and Japan, are restricted from participating in the Launchpool and pre-market activities. In addition, only master and regular user accounts are eligible for pre-market trading, excluding sub-accounts.
Farming and Rewards
During the farming period, users can lock their BNB and FDUSD tokens to earn SCR rewards. The annual percentage yield (APY) and total pool balance will be regularly updated, allowing users to claim rewards directly to their spot accounts at any time.
Additional Considerations
Binance has emphasized that tokens locked in Launchpool will continue to provide standard benefits, such as airdrops and VIP perks. However, assets used as collateral for Binance Loans will not be eligible for Launchpool rewards. Binance also reserves the right to revoke rewards in the event of any dishonest activities detected during the Launchpool.
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