After Bitcoin returned to the $60,000 peak on February 28th, it marked the beginning of a new bull market cycle in the cryptocurrency market. With the promotion of ETFs, new funds continue to flow into the cryptocurrency market, and the total market value of cryptocurrencies continues to rise. The Layer2 market was the first to react, with data showing that the total value locked (TVL) of Ethereum Layer2 has risen to $30.5 billion, with a 7-day increase of 8.13%.

In fact, Scroll is one of the fastest-growing ecosystems in the Ethereum Layer2 ecosystem. The ecosystem has seen a nearly 50% increase in TVL in the past half month, reaching a current TVL of $125 million. From a fundamental perspective, as a potential Layer2 ecosystem in the zk-Rollup camp compatible with EVM, the decentralized nodes and open-source community operation of Scroll reflect the orthodoxy of Ethereum, achieving compatibility at the level of values. The top-notch hardware speed injects greater potential into Scroll, with a high development ceiling.

Although the Scroll mainnet was launched relatively late, it is clear that in terms of technology, Scroll is not inferior to leading Layer2 ecosystems such as Arbitrum One and Optimistic Ethereum (OP), and will inevitably experience a surge in the short term (the recent growth of the ecosystem driven by market sentiment is an example). On the eve of the explosion of the Scroll ecosystem, the LaunchPad project Penpad (pencil.xyz) on this ecosystem is building a new Launch system to create a value circulation system for the Scroll ecosystem in the new industry stage. With the launch of Penpad (pencil.xyz), the Scroll ecosystem is also taking the first shot at the wealth effect in the bull market.

Penpad (pencil.xyz) is a new concept Launchpad platform built on Scroll, inheriting the technical advantages of Scroll and conducting Fair Launch based on Scroll's unique features. Penpad (pencil.xyz) aims to provide cutting-edge technology and support for builders and new communities, allowing users to participate in early launch projects in the Scroll ecosystem in a fairer and more interesting manner. With the support of the underlying Scroll, Penpad (pencil.xyz) has become the first LaunchPad platform to support human proof, account abstraction, scalability through ZK and EVM, privacy, and integration with real-world applications. In addition, Penpad (pencil.xyz) provides different LaunchPad solutions for projects and teams with LaunchPad needs in a modular manner.

In the future, Scroll will natively introduce the DID system and Point System as a native infrastructure for the ecosystem's development, and Penpad (pencil.xyz) will also be deeply integrated with these components and become an important part of the Scroll system.

In fact, as the LaunchPad mode and form undergo qualitative changes in the new round of Launch revolution, the significance of LaunchPad will be far greater than the "launch" project itself. We see that the LaunchPad platform is becoming the most important link between the ecosystem and developers and VCs before and during the project launch, and it is also the only medium for retail investors. LaunchPad is being given a new capability, namely to lead a large number of crypto players into different ecosystems, especially in the new market environment where funds and user base are developing to new heights. Therefore, for Penpad (pencil.xyz), as a new concept LaunchPad ecosystem, it is becoming an important engine for the development of the Scroll ecosystem and an important part of the long-term development of the Scroll ecosystem.

Based on this, in addition to being supported by the underlying Scroll technology, Penpad (pencil.xyz) has also received significant support from the Scroll official in terms of resources. Currently, Penpad (pencil.xyz) has received strong support from the Scroll official in the market, and with its large community and user base, it has brought higher attention to Penpad (pencil.xyz).

Launching the first asset PEN in a Fair Launch manner, taking the first shot at the wealth effect in the bull market

1. The Scroll ecosystem will experience a surge in the new market cycle, and Penpad (pencil.xyz) is seizing a favorable position on the eve of the explosion of the Scroll ecosystem, and is expected to surge along with the Scroll ecosystem, directly promoting the value growth of PEN.

2. Penpad (pencil.xyz) has attracted significant market attention. The previous AMA event jointly held by Penpad (pencil.xyz) and Scroll official attracted over 200,000 online listeners. The market attention and participation in the first LaunchPad event of Penpad (pencil.xyz) can be imagined, so the effect of PEN's new listing can be anticipated.

3. As the industry's first new concept LaunchPad platform, PEN is also expected to be the leading asset of the Scroll ecosystem LaunchPad concept, bringing about the wealth effect.

4. Penpad (pencil.xyz) is a LaunchPad platform supported by Scroll official, and a large number of high-quality Scroll ecosystem projects will be listed on Penpad (pencil.xyz). Therefore, airdrops will be an important opportunity to capture wealth in the Scroll ecosystem, accelerating the demand for PEN assets.

5. Currently valued at millions in the early stages of Penpad (pencil.xyz) launch, with the accumulation of ecosystem value, the potential of PEN is self-evident.

Therefore, whether it is holding PEN assets for future gains or enjoying a series of rights and interests, it will enable investors to enjoy the wealth effect of the Scroll ecosystem. In other words, PEN assets are the key to unlocking a new round of dividends in the Scroll ecosystem.

On the other hand, obtaining the qualification to participate in PEN's new listing is not difficult, as it only requires completing some social and registration tasks, with very low thresholds, almost as easy as reaching out.

How to participate?

To receive the distribution of $PEN tokens, you need to accumulate points by completing a variety of tasks. The more tasks you complete, the more points you will receive, and the higher the allocation you can receive at a low cost.

During the period from 2/26 to 3/15 (officially referred to as the "Fate of the Pen" phase):

• Users who complete tasks such as following social media, joining the community, verifying their Penpad (pencil.xyz) account, and inviting 1 user to register and verify will receive an initial 20 points reward, which will be retained for a long time in subsequent activities as a qualification certificate for obtaining more benefits from Penpad (pencil.xyz).

• For each successfully invited user, 2 points will be received, with a maximum of 300 points per address, but more friends can still be invited, and the invitation relationship will remain valid for a long time. These points will enter a unified ranking after the user successfully activates the Launch Allocation Card by staking ETH.

• If the user and the invited friends have not successfully activated the Card before the end of this Launch event, the points obtained from inviting friends to register will be reset.

Tutorial:

1. Penpad Twitter ->>> twitter.com/pen_pad

2. @ScrollZKP and @Sandyzkp Twitter ->>> twitter.com/ScrollZKP / twitter.com/sandyzkp

3. Penpad Telegram ->>> t.me/penpad

4. Penpad Discord ->>> discord.gg/84KXWsrr

5. Retweet and like Twitter ->>>

twitter.com/pen_pad/status/1755535723464110321

6. Register an account and complete verification

In the first season of the event ("Fate of the Pen"), register your exclusive Penpad account and follow its social media channels to learn about Penpad and explore the Scroll ecosystem. By doing so, you may be able to earn points in the Scroll ecosystem, potentially receive airdrops, and start accumulating points to receive exclusive benefits from Penpad.

In the 2nd and 3rd seasons, your tasks will expand. Your tasks may become more complex, but you will receive better benefits, such as governance, income rewards, and more.

Stay tuned for more details as the event unfolds!

Galxe: galxe.com/cjwfFUbdvDzWSTbvNXPcES/campaign/GCYhZt4MG

Task N: app.questn.com/quest/876806964832932172

Soquest: soquest.xyz/space/Penpad/campaign/5VJyo2f9Cv

Task: rewards.taskon.xyz/campaign/detail/37127

(Complete one task on each platform to calculate points. Once the PenPad points system is online, points will be synchronized to the exclusive Penpad points system.)

For more updates, follow the official Twitter account: twitter.com/pen_pad

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