LAYER-2 SCROLL LAUNCHES SCR TOKEN, COMMUNITY CRITICS TOKEN DISTRIBUTION
Scroll, a previously tokenless Layer-2 protocol, has finally launched its token, SCR. After months of waiting and a long period of airdrops and farming, the launch aims to strengthen decentralization and increase participation in the DeFi ecosystem on the Scroll network.
However, this announcement has not been free from community criticism regarding the token distribution which is considered unfair.
The SCR token has a total supply of 1 billion units, of which 15% is allocated for airdrops to users. The snapshot for airdrop eligibility will be taken on October 19, 2024, and token distribution will begin on October 22, 2024. The airdrop token distribution will likely be divided into two stages, with 7% and 8% of tokens distributed respectively.
However, the launch of SCR has not been free from community criticism regarding the way the token is distributed. Although 15% of the token supply has been allocated for the airdrop, only 7% will be distributed in the first phase. In contrast, 5.5% of the tokens were allocated to Binance Launchpool, which sparked dissatisfaction among loyal Scroll users.
