Binance, the world’s largest digital asset exchange, is about to launch its first pre-market altcoin for trading.
The exchange in a blog post say it mentions the new Ethereum (ETH) layer-2 Scroll (SCR) on the Binance Pre-Market platform, a service announced last month that allows users to acquire tokens ahead of their official spot listing.
Says Binance,
“Binance will be the first platform to list the token mentioned herein, with pre-market trading commencing on 11/10/2024 10:00 (UTC). Any claims to offer this token for sale before the stated timeline are likely false advertising. Please do your own research to ensure the safety of your money!”
Scroll is also the 60th project on Binance Launchpool, a Binance service that allows users to earn yet-to-be-launched tokens by staking BNB, the exchange’s utility currency. Since October 9, users can build Scroll through Launchpool.
Pre-Market trading will take place in the SCR/USDT trading pair.
Says Binance,
“The pre-market end time and spot listing time will be announced at a later date.”
According to Binance, Scroll is a project that aims to solve the congestion of the Ethereum network and reduce its costs.
“Scroll is a Layer-2 zkRollup solution that uses zero-knowledge proof technology to scale Ethereum, making it cheaper and faster without compromising security and compatibility.”
The total supply of the Scroll token stands at 1 billion, with an initial circulating supply of 190 million, 19% of the total token supply.
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Generated image: Midjourney