Scroll airdrops SCR taking a significant leap toward decentralization with the launch of its native token. This milestone aligns with the project’s vision of providing access to a distributed network of applications and services for everyone. The SCR token will soon be available through Binance Launchpool, and the airdrop will occur on October 22, 2024. Scroll will take a snapshot for the airdrop on October 19, 2024, ensuring the community has ample notice
Personal Notes
Scroll has chosen a unique approach compared to other projects. First, it plans to launch the token on Binance Launchpool—a strategy that differs from the usual path of launching on decentralized exchanges or through private sales. This decision allows Scroll to tap into Binance’s extensive user base and, therefore, promote global adoption. Additionally, Scroll announced the airdrop before the snapshot, which is uncommon in the crypto space. Typically, most projects reveal airdrop details after taking the snapshot to avoid speculation. However, Scroll’s transparency creates an opportunity for open engagement with the community.
Balancing Airdrop Rewards and Long-Term Growth
The battle between airdrop hunters and project teams seeking genuine users continues in the crypto space. Despite some influencers claiming that the airdrop model is unsustainable, Scroll continues to use it as a key strategy for decentralization. However, decentralization is not the only reason Scroll aims to reward real users. Airdrop farmers, who often dump their tokens immediately, can drive the price down and frustrate investors. Therefore, by carefully designing the airdrop, Scroll aims to avoid these issues and support long-term community growth.
SCR Utility and Value
SCR will serve as the primary governance token of Scroll, allowing the community to shape the future of the protocol through the Scroll DAO. As the protocol continues to decentralize, SCR will also function as a utility token within the network.
The token has three core use cases in Scroll’s rollup protocol:
- Governance: SCR holders will participate in decentralized governance, ensuring the community directs the project and maintains resistance to centralization.
- Proving: After governance decentralizes, provers—entities that verify transactions—will be incentivized through SCR to optimize network performance.
- Sequencing: Once provers are decentralized, the sequencer, which orders transactions, will follow. SCR will help ensure this process remains secure and resistant to censorship.
These functions make SCR an essential asset within the Scroll ecosystem. Furthermore, it will align the community’s interests and enhance the user experience. Scroll will continue to research and develop to ensure SCR plays a key role in providing a robust rollup experience for users globally.
SCR Token Distribution
Scroll has thoughtfully designed the SCR token distribution to involve the community and promote ecosystem growth:
- Airdrops (15%): Scroll will allocate 7% of the total supply for the first airdrop and reserve 8% for future airdrops over the next 12-18 months. This initiative rewards active users and recognizes contributors to the Scroll ecosystem.
- Ecosystem & Growth (35%): This portion will support value-aligned projects and contributors, ensuring the growth and decentralization of the ecosystem.
- Scroll Foundation Treasury (10%): Funds from this allocation will support Scroll’s operations and help develop the Scroll DAO.
- Core Contributors (23%): The team and advisors will receive tokens with a vesting schedule, rewarding their long-term commitment.
- Investors (17%): Early investors, who supported the project from its inception, will receive tokens that unlock gradually over four years.
what is next?
Further information about the SCR token launch and airdrop eligibility will be shared in the coming days. To stay informed, follow Scroll’s updates via their website, Twitter, and Discord.
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