Ethereumlayer-2networkScrolljustlauncheditsSCRtokeninahighlyanticipatedairdrop—butsomeapparentbeneficiariesarebemoaningtheevent.
Theproject’sfirstairdropdishedout5.5%ofthetotalSCRsupply—55millionoutof1billiontokens—toearlyuserswhohadalreadycontributedtotheecosystem,accordingtoablogpostfromtheteam.
Ofthatfigure,40millionSCRwasgiventoon-chainparticipantswhoearned200ormoreScrollMarks—orpointsfromusingthelayer-2scalingnetwork.Another1%wassplitevenlybetweeneligiblewallets,andanother0.5%wasintendedasa“bonus”forthosewhometselectcriteria,Scrollsaidinitsannouncement.
Someusersaren’thappy,though,andCryptoTwitter(akaX)isawashwithmemesandcomplaintsoverthepurportedlymeageramountstheyreceived.
“Oneoftheworstairdropsever,”wrotepseudonymoustweeterandEthereumuser,DYOR.eth,whoclaimedthattheydumpedthetokensandditchedScrollaltogether.TwitteruserJoshyy,whohasamassedasizablefollowingwithpostsaboutupcomingairdrops,calleditthe“worstairdropsofar.”OthertweetsmockedclaimsabouttheexpectedscaleandvalueoftheScrollairdrop.
DumpedmyScrollairdropandbridgedallofmyassetsoffthechain(oneoftheworstairdropsever)pic.twitter.com/sIbwjOQWd1
—DYOR.eth(🦍,🦍)(@DyorDotEth)October22,2024
Newprojectsuseairdropstoattractusersbygivingoutfreetokensorcoinswiththehopeofgrowingtheircommunityandrewardingearlyusersandcontributors.
Butthepracticeof“airdropfarming”hasbecomemorecommon,assomeuserstrytomaximizetheirrewardsbyusinganumberofdifferentwalletaddresses,and/orbyrepeatingcertaintasksandactivitiesthattheythinkwillboosttheirtokenallotments.
Scrollairdropfarmersrn😭😭😭https://t.co/559CQTh5ZYpic.twitter.com/XRH2NDT0OX
—Ubongj🐺(@ubong_ephraim)October22,2024
Someofthoseusersandfarmershavebeencomplainingaboutreceivingsmallamountsofcryptoinairdrops—despitebeinginvolvedinthecommunityofaproject.PlayersofTelegram-basedtap-to-earngameHamsterKombathadtheseverysamegripeswhenthegamelauncheditslong-awaitedairdropinSeptember,withsomedescribingthemodestrewardsasbeingakinto“dust.”
TheSCRtokenhassinceplungedinvaluefollowingtheairdrop:CoinGeckodatashowsthatSCRhasdroppedby16%sincetheairdrop,withthepricedownto$1.17.Thisiscommonfornewlylaunchedtokens,whichcanbehighlyvolatile—especiallyasairdroprecipientscashoutandtraderspotentiallybuyinamidthechaos.
ScrolldidnotimmediatelyrespondtoDecrypt’squestionsregardingtheairdrop.
ScrollisoneofmanyEthereumlayer-2networks.Suchnetworksareusedtoimproveachain’sfunctionalitybyessentiallypiggybackingoffofthemainnetwork’ssecuritywhiletypicallyprovidingbenefitslikecheaperandfastertransactions.
Ethereumistheblockchainbehindthesecondbiggestcryptocurrency,ETH,butthenetworkcansometimesbehardtouseduetoslowandexpensivetransactionsduringpeaktimes.Layer-2networkshaveexplodedinpopularityoflate—somuchsothatsomeindustryobserversbelievethey’resuckingvalueawayfromETHitself,despitetheotherbenefits.
EditedbyAndrewHayward
decrypt.co