Scroll Token Airdrop Opens with 90 Days for Token Claims

Sentiment Status: Positive

Eligible users can start claiming their Scroll tokens on October 22, 2024, and they have 90 days to complete the process.

Scroll has announced its highly anticipated token airdrop scheduled for October 22, 2024. This airdrop, designed to reward early contributors and supporters of the Scroll ecosystem, will distribute 5.5% of the total SCR token supply to nearly 600,000 eligible wallets.

Scroll’s Airdrop

The airdrop will allocate 5.5% of Scroll’s total token supply based on a snapshot taken on October 19, 2024. The allocation will be distributed among four main categories:

• On-chain Contributors: 4% of the tokens will go to users who have earned more than 200 “Marks,” a points-based reward system for active participation.

• Flat Distribution: 1% of the total supply will be evenly distributed among all eligible wallets.

• Bonus Allocation: 0.5% of the airdrop will be allocated as a bonus to those who meet additional criteria.

• Industry Contributors: Roughly 1% of the total supply will be distributed to entities such as DeFiLlama, Gitcoin, and other key industry players who have contributed to research, infrastructure, and technology.

The Scroll airdrop claim period opens on October 22, 2024, and eligible users have 90 days to secure their tokens.

Market Response and Controversy

While the Scroll airdrop has garnered excitement, some market participants have expressed dissatisfaction with the flat portion of the airdrop, which rewards a large number of wallets equally, including potential sybil accounts, rather than focusing on power users. This has generated debate over how rewards should be structured in such events.

Despite the mixed reactions, Scroll’s presence in the market remains strong. Its Total Value Locked (TVL) currently stands at $1 billion, making it the 12th largest chain. This represents a slight decrease from its all-time high of $1.25 billion.

Expansion and Future Plans for Scroll

Scroll continues to expand globally and focuses on product development and creating strategic partnerships with blockchain initiatives and DeFi platforms. With a network spanning over 30 countries and support from 92 local organizations, Scroll is positioning itself for further growth.

The recent introduction of new SCR token trading pairs on Binance has also boosted engagement with the project, and the airdrop is expected to drive further adoption.