⚡ Scroll Airdrop: 15% Tokens Allocated
posted 9 Oct 2024
Scroll has shared the tokenomics for their upcoming token in a recent Twitter post.
Details are as follows:
- Token name: Scroll (SCR);
- Total supply: 1 billion tokens;
- Snapshot date: October 19, 2024;
- Token listing and claim date: October 22, 2024.
The snapshot hasn’t happened yet, so you still have a chance to get lucky. It’s predicted that those who’ve been active on Scroll—details we covered in a dedicated article—will be eligible.
In total, the team has set aside 15% of the maximum token supply for an airdrop to active network users. Of that, 7% will be distributed during the Token Generation Event (TGE) on October 22, with the remaining 8% reserved for rewards tied to future activities within the blockchain.
Official tokenomics for Scroll (SCR). Source: x.com/Scroll_ZKP
The crypto community has already voiced its discontent with the airdrop, calling the rewards "disappointing," especially given that the allocation for the Scroll Launchpool on Binance is just 1.5% less. For example, users who have spent hundreds of dollars burning fees over two years will receive nearly the same number of tokens as those who simply staked assets between October 9 and 10.
At present, the premarket price of SCR is $1.54, giving it a potential Full Diluted Valuation (FDV) of $1.54 billion. This figure is lower than the valuation at which private investors bought SCR tokens. According to Cryptorank, Scroll's last funding round closed with a $1.8 billion valuation.
This suggests that investing in Scroll might turn out to be unprofitable, which could trigger further sell-offs and add pressure to the token’s price.
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