zkSync vs. Scroll airdrop comparison
zkSync FDV during airdrop:
~$4.2 billion ($0.20 per $ZK)
Scroll pre-listing FDV:
~$1.5 billion
zkSync airdrop receiving addresses:
695,232 wallets
zkSync first airdrop supply:
17.50% of total supply
Different distribution methods
zkSync uses a hierarchical model, and although the airdrop ratio is high, the number of eligible wallets is relatively small.
Scroll is a linear model, which means that you get corresponding rewards based on how much liquidity you contribute, but this method is easily exploited by Aave loop operations.
Scroll's advantage: badge system
Scroll's possible trump card is its badge system. Most users don't participate in the more than 30 protocols in the ecosystem, nor do they mint a lot of badges, which gives more opportunities to those who seriously participate in the badge system.
Only 645,600 wallets have participated in Scroll Canvas. As participation in badges increases, the number of users drops dramatically: Next 8 badges: less than 100,000 users Next 8 badges: less than 60,000 users Next 8 badges: less than 32,000 users And so on.
Who will benefit from the Scroll airdrop?
Whales 🐋
Whales have already gained a significant share through liquidity mining. For them, the linear model is not important because getting a 10%-20% return on the entire ETH holding is already far above the market level (don't forget, they also get an additional 3% ETH income).
Small users / farmers 👨🌾
Small users who work hard to brush badges can get more benefits through the tiered model (such as minting 5 badges, 10 badges, 15 badges, etc.). Since the participation rate of badges is relatively low, the tiered model is very feasible for them.
Reference to other projects’ airdrops
zkSync’s airdrop ratio is 17.5%, while LayerZero’s is 8.5%.
Although LayerZero’s initial airdrop ratio is smaller, it has received more positive feedback, mainly because its criteria are more reasonable, combined with the redistribution of unclaimed tokens and $5 billion FDV.
Conclusion
If Scroll chooses an airdrop ratio of more than 12% and sets reasonable distribution criteria, this airdrop may still be successful even with a lower FDV.
