Binance, the world’s largest digital asset exchange, is about to list the first pre-market altcoin for trading.
In a blog post, the exchange revealed that it is listing the new Ethereum (ETH) Layer 2 Scroll (SCR) on its Binance Premarket platform, a service announced last month to allow users to acquire the token ahead of its official spot listing. .
Binance says:
“Binance will be the first platform to list the tokens mentioned herein, starting pre-market trading from 2024-10-11 10:00 (UTC). Any claims of offering these tokens for sale before the stated schedule are likely false advertising. Please do your own research to ensure the safety of your funds!”
Scroll is also the 60th project of Binance Launchpool, a Binance service that allows users to earn yet-to-be-launched tokens by staking BNB, the exchange’s utility coin. Users have been able to accumulate scrolls through Launchpool since October 9th.
Pre-market trading will be conducted on the SCR/USDT trading pair.
Binance says:
“The pre-market end time and spot listing time will be announced later.”
According to Binance, Scroll is a project that aims to solve Ethereum network congestion and reduce fees.
“Scroll is a Layer-2 zkRollup solution that extends Ethereum using zero-knowledge proof technology, making it cheaper and faster without compromising security and compatibility.”
The total supply of Scroll tokens is 1 billion, with an initial circulating supply of 190 million, or 19% of the total token supply.
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