Scroll announced the launch of its native SCR token, aiming to reward participants and enhance decentralization.

SCR Token Launch

Scroll has announced the launch of its native SCR token today. The launch aims to reward those who have contributed to Scroll's development and encourage future participation in a decentralized ecosystem. The token will be distributed via an airdrop to a variety of contributors, including those involved in on-chain activities, project builders, technical helpers, and zero-knowledge researchers. Community organizers, hackathon winners, and others who have supported the Ethereum ecosystem will also be included. Raza Zaida, the Head of Growth at Scroll, stated that 'the launch of SCR embodies the momentum of our protocol’s evolution.'

Scroll Open Support Program

In addition to SCR's release, Scroll has launched a new support program to reward innovation on its platform, named 'Scroll Open.' The program offers grants, up to $100 million, to foster quick growth and creative projects.

Zero-Knowledge Benefits

By using zero-knowledge technology, Scroll is the fastest among rollups at finalizing transactions, enhancing both the security and connectivity of its platform, cementing the token's utility. Co-founder Sandy Peng added the launch of SCR is a significant milestone in realizing this vision, empowering the community with greater control and rewarding their contributions.

The launch of SCR marks a crucial step towards decentralizing governance and fostering innovation within the Scroll ecosystem, positively impacting Ethereum in the future.