Scroll Unveils $SCR Token, Here's Everything You Need to Know!

Introduction

Scroll, the Ethereum layer-2 scaling solution, had unveiled a points program a few months back, and with the recent announcement of its $SCR token, excitement in the crypto community is hitting new highs. Here’s everything we know so far.

The Points Program: Sessions

Scroll’s “Sessions” loyalty program allows users to earn "Marks" by engaging with its ecosystem. This points-based incentive system encourages users to interact with various dApps, provide liquidity, and bridge assets between Ethereum and Scroll. The more Marks you accumulate, the higher your chances of receiving tokens during the airdrop.

Here’s how you can participate:

• Bridge Funds: Start by bridging your assets from Ethereum Mainnet to the Scroll network. This is the simplest way to begin earning Marks.
• Engage with dApps: Actively use decentralized applications (dApps) built on Scroll. This includes swapping tokens, providing liquidity, and even trading NFTs.
• Join Scroll Guild: By connecting your wallet and social accounts like Twitter and Discord, you can join the Scroll Guild, which assigns roles based on your participation level.
• Participate in Sessions: Keep an eye out for new Sessions that will be announced regularly. Each Session will have different themes and ways to earn additional Marks.

The current phase, Session 0, allows users to earn Marks just by bridging funds without needing to execute further transactions for now.

Airdrop Details

Airdrops have become a popular method for blockchain projects to incentivize users and distribute governance tokens, with past examples like Uniswap and Optimism setting high expectations.

Key dates to keep in mind:

• Airdrop Snapshot Date: October 19, 2024
• Token Launch Date and Airdrop Claim Availability: October 22, 2024

Why Participate?

Engaging with Scroll not only positions you for potential rewards but also allows you to be part of a burgeoning ecosystem that aims to solve some of Ethereum's scalability issues. With over $730 million in total value locked (TVL) and millions of transactions recorded recently, it’s clear that Scroll is gaining traction fast. As more users flock to DeFi platforms like Scroll, being an early participant could lead to significant advantages down the line.