Scroll Airdrop Allocation Met With Dismay From Farmers

As a seasoned analyst with years of experience in the crypto market, I find myself constantly navigating the intricate dynamics that define this ever-evolving landscape. The recent controversy surrounding Scroll’s (SCR) airdrop allocation has certainly piqued my interest.

Farmers who use Airdrop are upset about the distribution of Scroll’s (SCR) airdrops this week, as 7% is earmarked for early supporters and 5.5% is going to Binance‘s Launchpool users through centralized exchanges like Binance.

The suggested SCR token by Scroll will serve the purpose of governance, aiming to eventually evolve into a utility token within the protocol as Scroll moves towards increased decentralization.

The overall quantity of SCR tokens will amount to 1 billion. Out of this total, 150 million tokens are reserved for potential future airdrops, with 70 million scheduled for distribution on October 22nd. Meanwhile, 170 million tokens are allocated for investors, and the Scroll Foundation will receive 100 million tokens.

As a researcher examining the current state of airdrops, I find myself reflecting on Axel Bitblaze’s words: “I can’t help but wonder if we’re still chasing airdrops like it’s 2022. It seems it’s time to confront the truth. The Scroll project, for example, has rewarded just 7% after two years of hard work, while Binance Launchpool farmers have reaped 5% in a matter of days. This stark contrast underscores the reality that we, as participants, are being milked, and venture capitalists hold the favorable positions. It’s clear that the airdrop landscape has evolved.

As a researcher, I’d like to share a response from one of Scroll’s key contributors, sandyzkp on X. In addressing criticism, they expressed that Binance is not merely a listing platform; rather, it represents the optimal route for global distribution. They further explained that partnering with Binance would provide us with on-ramp and off-ramp channels, thereby facilitating our growth, particularly in emerging markets.