The Ethereum Layer 2 network Scroll, which uses zero-knowledge proof (ZK) technology, announced the details of its native token SCR airdrop on Monday. 7% of the total supply will be distributed in the first airdrop, and the eligibility snapshot was completed at 8:00 on October 19, Taiwan time. Qualified users can start claiming SCR tokens from 15:00 on October 22. However, Scroll’s distribution design has caused criticism from some community members.
According to Scroll’s announcement, the total supply of SCR tokens is 1 billion, of which 70 million (7% of the total supply) will be used for the first airdrop to reward key contributors in the Scroll ecosystem. These contributors are divided into four categories: “Community Drop” (participants who contribute through on-chain activities), ecosystem projects, industry contributors, and the global community.
In terms of the Community Drop, 55 million SCR tokens (5.5% of the total supply) will be distributed to users who have made contributions to the Scroll ecosystem through their loyalty program Scroll Sessions (over 570,000 cryptocurrency wallets). Among them, 4% will be proportionally distributed to participants who have accumulated at least 200 Marks (activity points), and users with “Canvas” activity badges will also receive additional Marks based on the number of badges.
In the remaining Community Drop distribution, 1% will be evenly distributed as “Flat Boost” to all eligible on-chain participants (regardless of the amount of points), and 0.5% will be evenly distributed as “Onchain Bonus” to on-chain participants who met any of the four specific conditions before August 1. These conditions are: having the highest level ENS domain on the Ethereum mainnet, donating more than $0.01 to any grant project on Gitcoin, making donations to any activity on Juicebox, and using smart contract wallets on Scroll.
The remaining initial airdrop tokens outside of the Community Drop (1.5% of the total supply) will be distributed to Scroll ecosystem projects, industry contributors, and the global community.
Community Controversy
According to The Block’s report, although the distribution of SCR tokens is highly anticipated, many Scroll community members are concerned about the design of the token generation activity. A user named Andrew 10 GWEI, in an interview with The Block, expressed his concerns about the allocation of 5.5% of the total supply of SCR tokens to Binance Launchpool. This has caused dissatisfaction among some people, resulting in Binance/BNB whales or any other whales taking advantage of the two-day mining period to grab most of the tokens, which will later be dumped by a group of people who have never used the Scroll network. Andrew added, “In other words, we have two types of users – Binance users and Scroll users.”
Furthermore, the top ten wallets own more than 10% of the total accumulated marks score, while the top 100 wallets collectively own about 250 million marks, accounting for about 30% of all accumulated scores so far. Andrew stated, “When such a large proportion of token supply falls into the hands of a few, it is difficult to call it decentralized.”
Another user, @katexbt, agrees with Andrew’s perspective, believing that Scroll’s airdrop benefits Sybil wallets (users who use multiple wallets to obtain airdrop rewards) or users who use bots. Some people also believe that the token economics of SCR overly favor the team, with 23% of the total supply allocated to Scroll core contributors (team, future team, and advisors) and 10% allocated to the Scroll Foundation treasury.
According to CoinMarketCap data, as of the deadline, the trading price of SCR was $1.4.
