Binance, the world’s leading cryptocurrency exchange, is expanding its trading services to include new Ethereum (ETH) layer 2 altcoins.
According to the exchange, Scroll (SCR) is now available for spot trading using the pairs SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY.
Binance said customers can purchase Scrolls using VISA, MasterCard, Google Pay, Apple Pay, or their wallet balance.
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.
Binance is attaching a seed tag to SCR, which applies to low-liquid projects that may exhibit higher volatility compared to other listed tokens.
Binance requires users who own assets with seed tags to pass a quiz every 90 days to ensure they are aware of the risks before trading the tokens.
The project’s first token airdrop can be claimed starting Tuesday.
“This initial airdrop sets the stage for our goal of becoming the most globally decentralized rollup and rewards those who have contributed to the growth of Scroll’s protocol, ecosystem, and community. A total of 7% of the total supply of SCR has been allocated for the first airdrop.”
Scroll is trading at $0.9178 at the time of writing, down 21.3% in the last 24 hours. With a current market capitalization of $174.6 million, Scroll is the 301st largest cryptocurrency project.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney