Binance Launches Pre-Market Trading for Scroll $SCR Token: Check

Binance Listing Update: Key Details on Scroll Token and Its Launch

Crypto exchange giant Binance is set to list the Scroll network’s native token, $SCR, for pre-market trading starting from October 11. As the first platform to list the Scroll token, Binance aims to provide early trading opportunities for users before the token’s official spot market listing. 

This new listing is part of Binance’s effort to expand its offerings and provide innovative trading options to its users. Prior to the pre-market trading, Scroll crypto will be included in Binance Launchpool. Users can lock their BNB and FDUSD to farm $SCR airdrops over two days, beginning on October 9 at midnight UTC. 

There are caps of 97,395 SCR per user in the BNB pool and 17,187 SCR in the FDUSD pool. This launchpool will distribute 55 million tokens, making up 5.5% of the total supply.

Key Details About the Scroll Token and Its Launch on Binance

The Scroll token will have a total supply of 1 billion $SCR tokens, with an initial circulating supply of 190 million tokens, or 19% of the total supply, available upon listing on Binance. Binance pre-market trading for the SCR/USDT pair will start at 10 a.m. UTC on October 11. The end time for pre-market trading and the spot listing time have yet to be announced. 

This service is unavailable in certain regions, including the U.S., Canada, Dubai, Japan, the Netherlands, Russia, and Spain. Scroll's zkEVM, a Layer 2 network built on Ethereum using zero-knowledge proofs for scalability, went live on mainnet in October 2023. A total of 76,769 ETH (approximately $186 million) has already been bridged to the platform, showcasing strong community interest.

Binance premarket trading differs from other platforms by offering trading of actual tokens, not derivatives. This feature allows users to take early positions and trade tokens after the Launchpool distribution, with restrictions on withdrawals, transfers, and deposits until the official listing.

Binance’s listing of Scroll’s $SCR token represents a significant development for the crypto community, offering unique trading opportunities and highlighting Binance’s innovative trading solutions.

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