Originally published on: November 28, 2024
Scroll’s co-founder Sandy Peng has addressed the recent allegations surrounding the Ethereum layer-2 network’s token launch, dismissing claims of it being ‘predatory’ as unfounded. In a post on the X platform, Peng stated that Scroll has taken community feedback into consideration and is making efforts to address concerns with their upcoming Session 2 airdrop.
Furthermore, Scroll is undergoing a restructuring phase to align with their development goals, leading to some team members transitioning out of the project. Peng also clarified that Scroll allocated a minimal amount of Marks to its own wallets during the airdrop and focused on seeding decentralized exchanges with SCR tokens to enhance trading liquidity.
The native token, SCR, launched by Scroll faced criticism due to airdrop allocations and alleged token dumping by core team members, causing the price to drop significantly on its first day of trading. Despite the initial backlash, Scroll aims to establish SCR as a governance mechanism for the protocol, eventually evolving into a utility token as the platform decentralizes.
With a total token supply of 1 billion SCR, Scroll has allocated portions for airdrops, ecosystem growth, investors, the Scroll Foundation, and contributors. The project, a zero-knowledge (ZK) rollup competitor, seeks to provide a scalable solution on Ethereum and stands out among other layer 2 solutions like ZKsync Era and Starknet.
In a landscape where airdropped tokens often lose value post-listing, Scroll is navigating challenges to establish SCR as a valuable asset within the ecosystem. As ZK-rollups gain traction as efficient scaling solutions, Scroll is positioning itself to lead the way in decentralized finance innovation.
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