Dubai, UAE, Oct. 22, 2024 — CoinW, a leading cryptocurrency exchange, will list Scroll (SCR) on its Layer2 Zone. SCR/USDT trading will begin on October 22nd, 2024, at 8:00 (UTC) for all CoinW users. To celebrate the listing, CoinW is hosting the “SCR bounty program: Register & Trade & Retweet” event with a 10,000 USDT prize pool.

Scroll’s Innovative Approach to Ethereum Scaling
Established in 2023, Scroll has emerged as a significant player in Ethereum scaling solutions. It utilizes zkEVM architecture to ensure seamless compatibility with the Ethereum Virtual Machine (EVM). In 2024, Scroll achieved dominance in the EAS-proof rankings, surpassing other prominent chains like Base, Optimism, Arbitrum, and Polygon. In collaboration with the Ethereum Foundation’s zk team, Scroll employs the advanced Halo2 proof system to create the first zkEVM in an entirely open environment. This is complemented by its proprietary GPU zkEVM prover, which operates 10 times faster than traditional CPU provers. Scroll is further revolutionizing the ZK hardware market through the launch of its ZK hardware accelerator, PipeZK.

SCR Token: Utility and Tokenomics
The SCR token serves as both a governance and utility token within Scroll’s ecosystem. From the moment of listing, SCR holders will have the right to participate in governance decisions concerning Scroll’s protocol development. Future use cases include staking, gas-free transactions, and coordinating incentives throughout the network. With a total supply of 1 billion SCR tokens, the initial circulating supply at launch will be 190 million. The token allocation prioritizes long-term growth, focusing on ecosystem development, investor incentives, and community participation through airdrops.

A Strong Ecosystem Backed by Substantial Funding
Scroll’s ecosystem has witnessed rapid growth, with a DeFi TVL reaching $1.15 billion in September 2024 and a stablecoin market cap exceeding $100 million—leading the ZK chain space. Notable DeFi projects like Pencil Protocol, Tokan Exchange, and Rho Markets have joined Scroll’s dynamic ecosystem. Backed by over $80 million in funding and a $1.8 billion valuation, Scroll’s future looks promising as users transition from Optimistic Rollups to zkRollups, solidifying its position as a prominent Layer 2 hub.

10,000 USDT Limited-Time Offer for CoinW Community
To celebrate the listing, a 10,000 USDT equivalent SCR prize pool will be available from October 22nd, 2024, at 5:00 to October 29th, 2024, at 16:00 (UTC). CoinW users can participate in events like registration, trading, and community events to share in the 10,000 USDT prize pool.  To claim your rewards, please click . 

About CoinW
CoinW is a pioneering crypto trading platform committed to security, transparency, and user-centric principles. Leveraging advanced technology, deep liquidity, and a wide range of supported cryptocurrencies, CoinW has attracted a vast user base, establishing itself as one of the world’s most secure cryptocurrency exchanges. Dedicated to security, transparency, and compliance, CoinW adheres to the highest regulatory standards and actively contributes to the advancement of the crypto industry. To learn more about CoinW, visit the official , and follow CoinW’s, , and .

About SCR
Scroll is one of several Ethereum scaling networks utilizing zk-rollups, alongside Polygon, StarkWare, and Matter Labs. Scroll’s three core values—community-driven, security-first, and decentralization at all levels—distinguish it from competitors. With recent funding, Scroll aims to continue developing its products, launch its mainnet, and expand its ecosystem. Scroll is a zkEVM-based zkRollup on Ethereum, enabling native compatibility with existing Ethereum applications and tools.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining can involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

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