Scroll is an L2 project based on Ethereum. It aims to improve the scalability and performance of the Ethereum network through zk-Rollup. It focuses on high efficiency, low cost and high security, and is fully compatible with EVM. Scroll has emerged in the market and attracted much attention with its technological advantages and team background.
Scroll Founding Team
There are three people in the founding team: Zhang Ye, Peng Shandi, and Shen Haichen. Three Chinese graduates from prestigious schools created Scroll in 2021 because of similar interests. Attached are their introductions and their personal pages below:
Zhang Ye: Graduated from Peking University, started working on ZK research in 2018. Mainly researching ZK hardware acceleration and ZK cryptographic algorithm principles, and is currently responsible for ZK research within the team.
Peng Shandi: Graduated from Cambridge University, worked as a researcher at the Hong Kong Securities Regulatory Commission. Started working on Web3 project investment in 2017. Previously had experience in game and product projects. Currently in charge of business and investment operations in the team.
Shen Haichen: Graduated from Tsinghua University, Ph.D. Previously engaged in the construction of machine learning systems at Amazon, and now is mainly responsible for program development in the team
Scroll Project Financing Background
1. Completed seed round investment on 2021/10/1, the amount was not disclosed.
2. Completed US$30 million Series A financing on April 21, 2022, with a valuation of US$350 million.
3. 2023/3/6 Completed US$50 million Series B financing, with total financing of US$80 million and a valuation of US$1.8 billion.
4. PolyChain Capital led the investment, followed by major companies such as the Ethereum Foundation, IOSG and Variant.
Seeing the enviable profits from airdrops of projects such as Arbitrum ($ARB) and Optimism ($OP), more and more people are looking for airdrop opportunities in Layer 2 projects.
Scroll's earliest testnet was launched in 2022, and the mainnet was launched in 2023. With the release of high-value financing as mentioned above and the completion of other Layer2 projects, Scroll's TVL and transaction volume continue to increase. It can be said to be one of the most anticipated projects by today's airdrop players.
$SCR Token Distribution
The total number of tokens is 1 billion. The specific distribution of tokens is as follows:
Scroll Foundation 10%;
Scroll contributors 23%
Airdrop 15%: divided into 2 phases (Airdrop 1 – 7%; Airdrop 2 – 8%)
Investors 17%: (including VCs, Angels, Private)
Ecosystem 35%: divided into (ecological projects – 25%; Scroll DAO – 10%)
SCR token profit calculation and price estimation
After announcing the upcoming launchpool and TGE airdrop information for $SCR, the pre-market trading of $SCR was also listed. As shown in the figure below, at the time of writing, the latest pre-market price of $SCR is $1.66. If Scroll is compared with other existing Layer2 tokens,
Among them, OP and ARB are two very early airdrop projects. By then, neither the capital flow nor the number of participants will be as high as today. Therefore, it is more appropriate to use zkSync and Starknet as benchmarks. In addition, given the current sluggish market conditions, it is estimated that Scroll's reasonable FDV is about 1.5 to 3 billion US dollars. With an initial circulation of 19%, the market value is 285M to 570M, and the estimated coin price is 1.5 to 3 US dollars.
Project Analysis
Based on past experience, tokens usually have a good market performance after being listed on Binance. The SCR launched on Binance Launchpool this time is the highest-valued Layer2 project that has not yet issued a coin. It is also the dream project of many airdrop players. Its team not only has a strong background, but also has huge financing support!
Can Scroll save face for Layer2 projects? If you are also curious about the performance of SCR currency price, or missed out because you did not participate in Scroll interaction, you may as well go to Binance Launchpool page to participate in staking. Don’t miss this great opportunity to earn SCR tokens!
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