What is the issuance price and issuance amount of Scroll(SCR) currency?

During its ICO in October 2021, Scroll's SCR token had an issuance price of $0.05, with a capped total issuance of 1 billion tokens.

Dec 11, 2024 at 09:53 am

What is the Issuance Price and Issuance Amount of Scroll (SCR) Currency?

Scroll is a Layer 2 scaling solution for Ethereum designed to enhance scalability and reduce transaction costs. Its native token, SCR, plays a crucial role within the Scroll ecosystem, facilitating network operations and governance.

Issuance Price

The issuance price of SCR was $0.05 during its initial coin offering (ICO) in October 2021. This price represented an early opportunity for investors to acquire SCR tokens before its market listing and potential price appreciation.

Issuance Amount

The total issuance amount of SCR is capped at 1 billion tokens. This finite supply ensures scarcity and potentially supports the long-term value of the token.

Distribution of SCR Tokens

The distribution of SCR tokens was as follows:

• ICO participants: 40%
• Scroll team and advisors: 20%
• Treasury and ecosystem reserves: 20%
• Founders and early investors: 15%
• Public sale: 5%

This distribution model aimed to balance the interests of diverse stakeholders and ensure the long-term health of the Scroll ecosystem.

Use Cases of SCR Token

SCR tokens have several important use cases within the Scroll ecosystem:

• Transaction fees: SCR is used to pay for transaction fees on the Scroll network.
• Gas fees: SCR is utilized to cover gas costs associated with executing smart contracts on the Scroll platform.
• Staking: SCR holders can stake their tokens to support the security and operation of the Scroll network. Stakers earn rewards in the form of additional SCR tokens.
• Governance: SCR token holders have the right to participate in the governance of the Scroll protocol. They can vote on proposals related to network upgrades, fee structures, and ecosystem initiatives.

Availability of SCR Tokens

SCR tokens are available for trading on various cryptocurrency exchanges, including Coinbase, Binance, and Uniswap. Investors can purchase SCR tokens using fiat currencies (e.g., USD, EUR) or other cryptocurrencies (e.g., BTC, ETH).

Factors Affecting SCR Token Value

The value of SCR tokens is influenced by several factors, including:

• Network usage: Increased adoption and usage of the Scroll network will drive demand for SCR tokens, potentially increasing their value.
• Staking rewards: Attractive staking rewards can incentivize SCR holders to participate in network security, contributing to the token's value.
• Market demand: Overall investor sentiment towards Scroll and the broader cryptocurrency market can impact SCR token prices.
• Regulatory landscape: Changes in the regulatory environment, particularly regarding Layer 2 solutions, can affect the demand and value of SCR tokens.

Conclusion

The issuance price and issuance amount of Scroll (SCR) currency are fundamental aspects that establish the supply dynamics and initial value of the token within the ecosystem. The various use cases, distribution model, and factors influencing token value provide a comprehensive understanding of SCR's role and potential in the Scroll network.