- Scroll has unveiled plans to reward users.
- For many users, the plan has left much to be desired.
- The primary reason for the dissatisfaction lies in the project’s tokenomics.
Typically viewed as tickets to life-changing wealth, airdrops in the past often sparked excitement in the crypto community. In recent times, however, this popular crypto practice appears to be losing its luster.
In the latest instance underscoring this trend, plans by leading Ethereum zero-knowledge rollup Scroll to reward users have largely been met with derision.
Scroll Users Lower Their Expectations
Scroll has unveiled plans to reward users. On Tuesday, October 8, the project announced the launch of its token with the ticker SCR, noting that it will be airdropped and available for users to claim on October 22. The project touts this as a significant step towards decentralization.
Sponsored
The announcement, however, has not sparked the excitement that the project may have hoped for. Responding to the news, most have sarcastically shared a September X post from Scroll co-founder Sandy Peng that read:
“The first rule of happiness is low expectation.”
Further capturing the community sentiment, X user “DuDü” quipped , “DUST for everybody.”
Chiming in, another user, “Bethel is Evil,” wrote , “Airdrop is brutal.”
The reactions come as Scroll’s revealed tokenomics and launch plans have left many feeling like they have wasted their efforts over the past two years.
A Skewed Launch?
For members of the Scroll community, the problem with the planned airdrop is threefold; for one, members have taken issue with the project allocating only 7% of the 1 billion SCR token supply for the first round of community airdrops despite the talk of decentralization.
Compounding the annoyance for many, Scroll has announced plans for a two-day Binance launchpool , giving Binance users a chance to share in 5.5% of the total token supply. The Binance launchpool move has left users who have spent high fees to interact with the protocol over the past two years and just have a shot at a share of 7% feeling insulted.
Lastly, Scroll has yet to take a snapshot of eligible users for the airdrop. The project disclosed that it would take this snapshot on October 19, giving more users a chance of getting entry. This move could potentially reduce the pie for existing users while squeezing out more profit in fees for the project’s developers as more crypto community members jump in.
On the Flipside
- Scroll has allocated 8% of the total SCR supply for future airdrops over the next 18 months. However, the criteria for this future airdrop remain unclear.
Why This Matters
Scroll looks set to be the latest in a growing line of disappointing airdrops to come out of the crypto space in recent months. The trend highlights an increasing user and project alignment divide in the crypto space.
Read this for more on Scroll:
Binance Features Scroll (SCR) on Launchpool Ahead of Listing
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