What is the total circulation of Scroll(SCR) coins?

The circulating supply of SCR coins, the native token of the Scroll network, stands at approximately 150 million tokens as of [Date].

Dec 09, 2024 at 04:15 pm

What is the Total Circulation of Scroll (SCR) Coins?

Understanding Scroll (SCR)

Scroll is a Layer 2 scaling solution for Ethereum, designed to enhance transaction throughput and reduce costs on the blockchain. Utilizing zk-SNARKs, Scroll enables efficient off-chain computation, consolidating multiple transactions into a single proof, which is then submitted to the Ethereum mainnet for verification.

Total Circulation of SCR Coins

The total circulation of SCR coins, the native token of the Scroll network, is a crucial metric that reflects the project's liquidity, market cap, and overall supply. Here's an in-depth exploration of SCR's circulating supply:

1. Initial Token Distribution:

During Scroll's token generation event, 500 million SCR coins were created, representing the total supply. These tokens were allocated as follows:

• 30% Founders and team
• 25% Community distribution
• 20% Investors
• 15% Ecosystem and advisors
• 10% Treasury reserve

1. Token Release Schedule:

Following the token distribution, a predetermined release schedule was implemented to gradually release SCR coins into circulation, ensuring a consistent flow without flooding the market. The release schedule is as follows:

• A total of 50 million SCR released immediately
• Linear release of 100 million SCR annually over four years, starting six months after launch

1. Current Circulating Supply:

The circulating supply of SCR coins refers to the number of tokens that are available for trading in the market. As of [Date], the circulating supply of SCR is approximately 150 million tokens.

1. Market Capitalization:

The market capitalization of SCR is a reflection of its total value in the market. It is calculated by multiplying the circulating supply by the current market price of SCR. The market capitalization of SCR fluctuates based on market conditions and demand.

1. Importance of Total Circulation:

The total circulation of SCR coins plays a significant role in various aspects of the Scroll ecosystem:

• Liquidity: A higher circulating supply generally indicates increased liquidity, making it easier for investors to buy and sell SCR quickly.
• Price Stability: A well-managed circulating supply can contribute to price stability, preventing excessive volatility and ensuring long-term growth.
• Project Evaluation: The total circulation, combined with other factors, provides insights into the project's adoption, team effectiveness, and market demand.