Scroll Launches SCR Token to Significant Community Frustration

The much-anticipated SCR token from Ethereum Layer 2 project Scroll has finally launched, but it hasn’t been without controversy. The token’s distribution model and early trading sparked complaints from many users who felt left out or disadvantaged.

What’s the scoop?

• Scroll distributed 7% of SCR’s total supply in its first airdrop, allocating tokens to more than 570,000 wallets, including contributors and open-source developers.
• Some users are frustrated by the airdrop design, citing Binance’s 5.5% allocation for its Launchpool users as unfair to regular Scroll participants.
• Complaints also surfaced that large wallets dominated the token allocation, with the top 10 wallets holding over 10% of the accrued points that determined airdrop amounts.
• SCR’s launch was met with volatility, trading at $1.40 initially but quickly dropping to $1.12, marking a 20% slump.

Bankless take:

More than a few users felt like they were farmed here rather than being the farmers. Of course, it's day 1 for SCR and the future for Scroll is wide open, but the launch marks the latest airdrop to debut to significant community frustration. Some will turn their attention elsewhere.