Binance to List Major Ethereum L2 Project: Details

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As a seasoned crypto investor with a knack for spotting promising projects, I find myself intrigued by Binance’s latest announcement regarding Scroll (SCR). Having been through several crypto market cycles and witnessed the rise and fall of numerous coins, I can say that the first pre-market project on Binance is a fresh and exciting development.

Today, Binance unveiled the upcoming project for its Binance Launchpool platform. According to an official statement, Scroll (SCR) will be added to both Binance Launchpool and its premarket section. Scroll is a Rollup solution that’s compatible with zkEVM at the bytecode level, making it the 60th project on Binance Launchpool.

First Pre-Market project

00 a.m. on Oct. 9 (UTC), as per the official statement. Interestingly, Scroll is the first premarket project for Binance.

Previously, Binance Spot and Binance Launchpool introduced a pre-market service, which is an exclusive offering by Binance. This service provides traders with two distinct ways to utilize their earnings. Traders can opt for Launchpool rewards by engaging in spot trades or they can purchase the tokens prior to the official listing on the spot market.

Today, it’s been announced that on October 11 at 10:00 (UTC), Binance will start listing SCR tokens. This will be followed by a pre-trading session for the SCR/USDT pair. It’s important to mention that Binance will provide details about the end of the pre-trading and the spot listing time in the coming days.

Scroll’s potential for industry

Scroll represents an innovative scaling solution for Ethereum (ETH) based on zkRollup technology. The goal of this project is to boost both the functionality and efficiency of the Ethereum network. By leveraging zkRollup technology, Scroll helps Ethereum handle a larger volume of transactions in a more secure setting. Additionally, the project aspires to make Ethereum transactions less costly and more seamless.

As a result, Scroll eliminates some barriers, making it easier for more individuals to become part of the Ethereum community. Essentially, Scroll contributes to expanding the use of the Ethereum network. Although Binance listing is a significant milestone, Scroll has already garnered success in the broader investment circle.

Key financial institutions have shown confidence in the venture, seeing its promise within the realm of blockchain technology. Notable backers include Newman Capital, Sequoia China, Variant Fund, IOSG Ventures, Polychain Capital, and others. The upcoming listing on Binance is expected to provide additional momentum for the project.

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2024-10-08 15:33