The Ethereum Layer 2 network Scroll, which utilizes 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 on October 19th at 8:00 Taipei time. Eligible users can start claiming SCR tokens from October 22nd at 15:00. However, the distribution design of Scroll has sparked criticism from some community members.
According to Scroll’s announcement, the total supply of SCR tokens is 1 billion, and 70 million tokens (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 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 contributed to the Scroll ecosystem through its 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 the “Canvas” activity badge will receive additional Marks bonuses based on the number of badges they have.
In the remaining Community Drop allocation, 1% will be evenly distributed as “Flat Boost” to all eligible on-chain participants (regardless of the number 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 1st. These conditions include owning the highest level of ENS domain on the Ethereum mainnet, donating more than 0.01 USD to any grant project on Gitcoin, donating to any activity on Juicebox, and using a smart contract wallet 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 has been highly anticipated, many Scroll community members have expressed concerns about the design of the token generation activities. A user named Andrew 10 GWEI, interviewed by The Block, said:
Andrew expressed particular dissatisfaction with allocating 5.5% of the total supply of SCR tokens to Binance Launchpool, which has caused some people to feel unhappy. This has resulted in Binance/BNB whales or any other whales taking advantage of the two-day early mining of tokens and acquiring most of the tokens for themselves, which will later be sold 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.”
In addition, the top ten wallets own more than 10% of the total accumulated marks score, and the top 100 wallets collectively own about 250 million marks, accounting for about 30% of all accumulated scores so far. Andrew said, “When such a large proportion of token supply falls into the hands of a few, it is hard to call it decentralized.”
Another user, @katexbt, agrees with Andrew’s viewpoint, believing that Scroll’s airdrop benefits Sybil wallets (referring to users who use multiple wallets to obtain airdrop rewards) or users utilizing bots. Some people also believe that the token economics of SCR are overly biased towards 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, the trading price of SCR was $1.4 at the time of writing.
