Airdrop farmers are expressing their disappointment at Scroll’s decision to allocate 5.5% of the total supply to the Binance Launchpool. This decision has caused a stir among the farming community, with many feeling that the distribution is skewed in favor of larger holders.
Scroll’s proposed SCR token will be used for governance purposes, with plans to eventually transition it into a protocol utility token as the platform becomes more decentralized. The total supply for SCR will be 1 billion tokens, with 15% allocated to future airdrops. Of this, 7% will be distributed on Oct. 22, while 17% will go to investors and 10% to the Scroll Foundation.
The frustration among airdrop farmers mainly stems from the 5.5% allocation to the Binance Launchpool. Users on Binance can increase their allocation by staking larger amounts of Binance’s BNB token to the Launchpool, leading to concerns about fairness and equal distribution.
In response to criticism, one of Scroll’s core contributors defended the decision by highlighting Binance’s global reach and distribution channels. They emphasized the importance of leveraging Binance’s platform to expand Scroll’s presence, especially in emerging markets.
It’s important to note that several tokens released on the Binance Launchpool have experienced significant declines shortly after being listed. For example, Arkham’s ARKM dropped from 90 cents to 30 cents, Portal’s PORTAL fell from $3.60 to $2.08, and Ether.fi (ETHFI) debuted at $4.13 but has since dropped to $1.44. These price fluctuations have added to the concerns surrounding the airdrop allocation and distribution process.
Overall, the controversy surrounding Scroll’s airdrop allocation highlights the challenges and complexities of token distribution in the crypto space. As the industry continues to evolve, it will be crucial for projects to address community concerns and ensure transparency and fairness in their distribution methods.
