Scroll token launch disappoints airdrop farmers with low rewards

Ethereum (CRYPTO:ETH) layer-2 network Scroll (CRYPTO:SCR) has launched its highly anticipated SCR token airdrop, distributing 5.5% of the total supply—55 million out of 1 billion tokens—to early supporters and contributors. 

According to Scroll’s announcement, 40 million SCR tokens were allocated to on-chain participants who earned at least 200 Scroll Marks by engaging with the network. 

The remaining airdropped tokens included a 1% share divided evenly among eligible wallets and an additional 0.5% as a bonus for meeting specific criteria. 

However, the reception to the airdrop hasn’t been entirely positive. 

Some users on Crypto Twitter expressed disappointment, calling the rewards “underwhelming.” 

One user, DYOR.eth, labeled it “one of the worst airdrops ever,” and claimed to have sold off their tokens immediately. 

Another user, Joshyy, who frequently posts about upcoming airdrops, echoed this sentiment by branding the Scroll airdrop as the “worst so far.” 

Airdrops are often used by new projects as a strategy to attract users and expand their community by rewarding early participants. 

However, the practice has given rise to “airdrop farming,” where some users try to maximize rewards by using multiple wallets or repeating specific tasks, hoping to secure a larger share of the distributed tokens. 

Following the airdrop, SCR’s price dropped by 16%, falling to $1.17 according to CoinGecko data. 

This price decline is typical for newly launched tokens, especially when airdrop recipients sell off their rewards, creating heightened volatility. 

Scroll, like many other Ethereum layer-2 networks, aims to enhance Ethereum’s efficiency by offering lower fees and faster transactions. 

Although these networks offer notable benefits, they sometimes face criticism from users expecting substantial rewards for their early involvement. 

Scroll has yet to address the concerns raised by its community regarding the recent airdrop.

At the time of writing, the Scroll price was $1.17.