Ethereum Layer 2 Scroll Reveals Details of First Airdrop Campaign

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As a researcher with a keen interest in blockchain technology and a deep-rooted passion for decentralized innovation, I find the Scroll airdrop to be an exciting development in the ever-evolving landscape of Layer 2 scaling solutions. The tokenomics of this event demonstrate a thoughtful approach to rewarding contributors and fostering growth within the Scroll ecosystem.

The Layer 2 scaling solution on Ethereum network known as Scroll has officially commenced its initial airdrop event, marking a new phase in its development. During this event, Scroll aims to reward individuals for their dedication and participation in expanding the blockchain protocol.

Scroll Airdrop Tokenomics  

As stated in an official blog entry, Scroll has earmarked 7% of the entire supply of its native token SCR for its initial airdrop. This token allocation is designed to recognize on-chain contributors, projects within the ecosystem, and global community members who have played significant roles in fostering a vibrant Scroll ecosystem.

The allocation of SCR tokens via airdrop will reward on-chain contributors with approximately 5.5% of the total token supply, which is 55 million tokens. These individuals have been actively contributing to Scroll’s growth and innovation by participating in its Sessions Program through their on-chain activities.

Significantly, 40 million SCR out of the 55 million tokens allocated will be given to on-chain users who have amassed at least 200 Marks by October 19, 2024. Moreover, Scroll plans to distribute an additional 10 million SCR as a flat bonus, equally divided among all eligible on-chain participants. This distribution strategy aims to guarantee that every qualifying on-chain participant receives a substantial reward, regardless of the number of Marks they possess.

Scroll identified ecosystem projects as another significant group that received recognition during its initial airdrop. These are ventures constructed on the Scroll platform, emphasizing growth and creativity. More than 100 projects became eligible for this allocation, determined by two primary factors: the Total Value Locked (TVL) at the time of the snapshot and seamless integration with Scroll. In appreciation of their backing, Scroll set aside approximately 6.98 million SCR tokens for these endeavors.

In the initial airdrop of the Scroll document, Category Three is designated for individuals contributing to the industry. This group encompasses ZK researchers, open-source developers, technical contributors, and educators providing data for the wider Ethereum community. The Scroll platform has set aside a total of 275,000 SCR tokens for the authors of 90 ZK research papers. Additionally, 664 open-source contributors will be granted 1,660,000 SCR tokens, and DeFiLlama, L2Beat, and GrowThePie each receive 50,000 SCR tokens.

Finally, Scroll recognized over 600 unique contributors across four key global communities. They include Global Community Organizers, Hackathon Winners, Devcon Communities, and Top Ethereum Translators.

Keep in mind that the qualification cut-off for the airdrop was on October 19, 2024, at midnight UTC. Users who qualify can start submitting their claims as early as October 22, 2024, at 7:00 UTC. The claim window will remain open for a period of 90 days. It is recommended that eligible individuals visit the Airdrop Claim page to secure their tokens.

What Scroll’s Future Looks Like

In the pipeline for Scroll are advancements in product design and ventures into global marketplaces to welcome more users. Additionally, they aim to enhance zkEVM features and interfaces, thereby solidifying their presence within the Layer-2 arena.

Additionally, Scroll might aim to forge alliances with various blockchain projects, Decentralized Finance (DeFi) platforms, and institutional investors. This strategy aligns with Scroll’s objective of bridging the opportunity divide, particularly in less developed regions, by constructing a decentralized network based on trust.

At the moment, Binance has just launched new trading pairs for SCR tokens. Currently, deposits for SCR are available, and withdrawals will commence on October 23rd.

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2024-10-21 21:48