Scroll refutes allegations of ‘predatory’ airdrop
Scroll’s co-founder and CEO, Sandy Peng, has dismissed allegations of ‘predatory’ practices related to the controversial airdrop of the SCR token that occurred in October. In a post on November 28, Peng stated that the company has been reviewing community feedback and is addressing concerns with a planned follow-on airdrop in December. Following the launch of the SCR token on October 22, its price fell roughly 32% on the first day of trading after large allocations were reportedly given to select whale wallets, causing frustration among other airdrop participants. Rushi Manche, a co-founder of Movement Labs, criticized Scroll as one of the worst actors in the space for its token distribution strategy. The total supply of SCR is 1 billion, with significant portions allocated for airdrops and ecosystem growth. As a zero-knowledge rollup, Scroll aims to compete with other layer-2 solutions, positioning itself as a faster alternative to optimistic rollups that take longer to finalize transactions.
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