Dismay Over Scroll's Airdrop Plans: Farmers React
Crypto News

Dismay Over Scroll's Airdrop Plans: Farmers React

Airdrop farmers are frustrated with Scroll's recent airdrop allocation for the SCR token, feeling it favors centralized exchange users.

Airdrop farmers are voicing their discontent with the new distribution strategy for Scroll's (SCR) airdrop. This week, it was announced that 7% of the tokens will be available to early adopters, while Binance will receive a significant 5.5% for its Launchpool users.

The total supply for the SCR token is pegged at 1 billion, and a total of 15% has been set aside for future airdrops. Out of that, 7% will be distributed on October 22, while 17% is allocated to investors with the Scroll Foundation securing another 10% for operational needs.

Frustrations stem largely from the allocation to Binance's Launchpool, allowing Binance users to enhance their distribution by staking more of the exchange's BNB tokens. This potentially favors larger holders disproportionately.

One user, Axel Bitblaze, expressed on social media: "You still grinding for airdrops like it's 2022? Time to face reality; Scroll’s 7% for 2 years of effort while 5% to Binance Launchpool farmers in days, shows how we’re being milked & VCs are favored. The airdrop meta has changed!"

Responding to the criticisms, sandyzkp, a core contributor to Scroll, emphasized the crucial role of Binance not only as a listing platform but as a key partner for global distribution, particularly valuable in emerging markets.

Historically, many tokens that launched through Binance's Launchpool experienced significant price drops shortly after listing, raising concerns among airdrop farmers about the viability of this new model.

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