Let us look more closely at the information about the launch of SCR on Binance Smart.
Total supply: 1 000 000 SCR
DEX: Biswap (SCR/BUSD pair)
Contract address: 0x6b44aB1576992cAE2f1B70C64cFbAAeb99335f9f
In order to correspond to the limited supply of SCR, one million SCR will be locked on the Scorum wallet bsc.pool. 500K of the total SCR supply on Binance Smart Chain will be used for the airdrop with ratio 1 SCR to 200 BSCR for holders who took part in the BSCR snapshot. The rest will be used to expand the community and, accordingly, create a liquidity on the exchange.
A quick guide on how to find information about SCR on Biswap:
In order to check information about SCR token or pool you need to click on the Analytics tab and then input address or token name (SCR).
SCR is already available for trade on Biswap. The community can add liquidity by themselves also once they get coins to have a share of LP rewards. When you add liquidity, you are given pool tokens representing your position. These tokens automatically earn fees proportional to your share of the pool, and can be redeemed at any time. You can read the whole guide how "Provide Liquidity, Stake LP tokens & Earn BSW".
In total, 0.1% fee is paid per trade. 0.05% in the form of a Fee Reward from the Trading fee goes to liquidity providers when someone makes a swap on the Biswap platform with a certain farming pair. 0.05% goes to the Biswap treasury. This condition is provided by Biswap and we can't impact on it.
All this is done for the further development of the project and also this is the first step for deeper integration with Binance community as well.
If you have any additional questions, please, write them in comments below 👇