$104,993.00
-1.26%$2,628.72
0.11%$2.22
-1.99%$668.11
0.37%$155.69
-3.21%$0.999762
-0.00%$0.19045
-3.34%$0.273662
0.76%$0.674275
-2.44%$2,629.94
0.21%$105,053.00
-1.09%$36.15
-2.53%$3,175.81
0.81%$3.22
-3.01%$13.96
-2.70%$20.82
-3.24%$0.268362
-2.69%$8.98
1.72%$407.60
0.31%$3.17
-1.26%$0.00001297
-2.07%$0.168856
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-0.02%$2,633.93
0.15%$2,817.88
0.53%$89.30
-1.25%$4.06
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-0.07%$1.002
0.02%$313.56
-9.06%$4.79
-0.76%$0.00001223
-4.06%$0.653863
-0.18%$105,114.00
-1.23%$31.29
-0.71%$266.37
-0.87%$6.37
-5.04%$389.34
-1.22%$1.18
0.04%$4.88
-2.93%$2.50
-2.61%$0.101157
-2.50%$49.97
-0.35%$1.00
0.00%$187.82
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-2.72%$0.840277
-2.71%$17.43
-2.03%$1.053
-0.09%$30.80
-5.39%$19.21
-1.11%$0.086326
-4.84%$0.670699
-1.74%$10.95
-4.59%$1.00
-0.02%$0.81129
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-3.56%$0.216058
-0.90%$0.329606
-4.06%$104,228.00
-1.61%$4.42
-0.28%$1.16
-5.89%$0.364843
-1.34%$2.61
-1.69%$117.51
3.18%$0.19289
-4.37%$0.538448
-3.82%$0.998643
-0.09%$2,626.26
-0.04%$4.46
-1.23%$2.19
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0.03%$0.399612
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0.20%$12.57
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0.23%$0.762981
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3.78%$0.638966
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0.00%$2,802.08
0.08%$1.00
-0.01%$104,987.00
-0.93%$2,760.84
0.62%$1,794.33
-6.12%$0.9262
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-3.67%$0.670946
-4.01%$2,767.02
0.27%$668.20
0.35%$105,250.00
-1.18%$3,372.03
0.48%$51.17
-5.77%$173.15
-3.25%$0.906146
3.37%$3,387.31
0.69%$105,185.00
-1.05%$0.00008376
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0.97%$0.768143
-3.46%$0.0167691
-4.18%$201.93
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-0.64%$2.35
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-3.16%$0.99991
-0.02%$111.29
0.01%$33.68
-2.17%$0.494563
-2.60%$0.110985
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-7.05%$0.997408
0.00%$104,901.00
-0.59%$1.86
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0.32%$2,624.63
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0.08%$0.720558
2.39%$1.10
-0.03%$0.999537
-0.02%$3.10
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9.27%$1.94
7.55%$2,786.90
1.32%$0.542573
-6.69%$2,805.51
0.22%$0.01567971
-0.79%$0.279576
-2.59%$0.196976
-1.03%$2,837.15
-0.12%$104,845.00
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0.16%$1.00
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3.15%$0.435606
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0.37%$0.04970491
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0.00%$15.78
-2.26%$0.541412
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-4.31%$0.00002179
-2.52%$6.56
-4.67%$6.09
-2.87%$0.00000043
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18.81%$10.06
27.07%$45.87
2.11%$101,472.00
-2.95%$0.354555
-6.37%$1.71
-8.05%$0.00447292
0.55%$1.088
-0.01%$37.15
-0.39%$0.00705407
-5.95%$1.00
-0.03%$1.005
-13.39%$0.999334
0.64%$2.48
-5.38%$36.23
-2.36%$0.397775
2.18%$1.00
-0.26%$1.39
-1.43%$0.077119
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0.67%$2,631.94
0.25%$0.586542
-3.55%$1.17
-7.33%$0.03938004
-2.58%$0.145861
-6.18%$0.147991
-4.48%$0.01919805
0.88%$0.079585
-6.14%$2,892.59
0.04%$1.33
-4.98%$0.00000092
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-12.26%$2,874.15
0.15%$130.46
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-2.19%$0.00406687
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-0.50%$104,931.00
-1.27%$0.999854
-0.01%$2,626.26
0.06%$0.03326704
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-3.18%$0.216088
-0.94%$19.45
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0.71%$0.999701
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-3.46%$1.001
0.08%$169.11
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1.95%$0.508104
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1.20%$0.00324722
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0.01%$1.71
1.34%$3,374.27
0.57%$3.03
-1.31%$16.56
-2.36%$105,350.00
-0.54%$21.92
-2.80%$2,107.05
-1.38%Reading
Ethereum layer-2 network Scroll just launched its SCR token in a highly anticipated airdrop—but some apparent beneficiaries are bemoaning the event.
The project’s first airdrop dished out 5.5% of the total SCR supply—55 million out of 1 billion tokens—to early users who had already contributed to the ecosystem, according to a blog post from the team.
Of that figure, 40 million SCR was given to on-chain participants who earned 200 or more Scroll Marks—or points from using the layer-2 scaling network. Another 1% was split evenly between eligible wallets, and another 0.5% was intended as a “bonus” for those who met select criteria, Scroll said in its announcement.
Some users aren’t happy, though, and Crypto Twitter (aka X) is awash with memes and complaints over the purportedly meager amounts they received.
“One of the worst airdrops ever,” wrote pseudonymous tweeter and Ethereum user, DYOR.eth, who claimed that they dumped the tokens and ditched Scroll altogether. Twitter user Joshyy, who has amassed a sizable following with posts about upcoming airdrops, called it the “worst airdrop so far.” Other tweets mocked claims about the expected scale and value of the Scroll airdrop.
Dumped my Scroll airdrop and bridged all of my assets off the chain (one of the worst airdrops ever) pic.twitter.com/sIbwjOQWd1
— DYOR.eth (🦍,🦍) (@DyorDotEth) October 22, 2024
New projects use airdrops to attract users by giving out free tokens or coins with the hope of growing their community and rewarding early users and contributors.
But the practice of “airdrop farming” has become more common, as some users try to maximize their rewards by using a number of different wallet addresses, and/or by repeating certain tasks and activities that they think will boost their token allotments.
Scroll airdrop farmers rn😭😭😭 https://t.co/559CQTh5ZY pic.twitter.com/XRH2NDT0OX
— Ubongj🐺 (@ubong_ephraim) October 22, 2024
Some of those users and farmers have been complaining about receiving small amounts of crypto in airdrops—despite being involved in the community of a project. Players of Telegram-based tap-to-earn game Hamster Kombat had these very same gripes when the game launched its long-awaited airdrop in September, with some describing the modest rewards as being akin to “dust.”
The SCR token has since plunged in value following the airdrop: CoinGecko data shows that SCR has dropped by 16% since the airdrop, with the price down to $1.17. This is common for newly launched tokens, which can be highly volatile—especially as airdrop recipients cash out and traders potentially buy in amid the chaos.
Scroll did not immediately respond to Decrypt’s questions regarding the airdrop.
On Thursday, the Telegram-based tap-to-earn game Hamster Kombat conducted its long-awaited airdrop, showering its users in HMSTR tokens. But whether players will continue tapping after that is an open question, with some users vocalizing disappointment online with their reward for months of touchscreen tapping. Out of the 300 million users who have played Hamster Kombat since late March, Hamster Kombat said that 131 million players qualified for the distribution—with another 2.3 million users cu...
Scroll is one of many Ethereum layer-2 networks. Such networks are used to improve a chain’s functionality by essentially piggybacking off of the main network’s security while typically providing benefits like cheaper and faster transactions.
Ethereum is the blockchain behind the second biggest cryptocurrency, ETH, but the network can sometimes be hard to use due to slow and expensive transactions during peak times. Layer-2 networks have exploded in popularity of late—so much so that some industry observers believe they’re sucking value away from ETH itself, despite the other benefits.
Edited by Andrew Hayward
World Liberty Financial, the Trump family’s Ethereum-based crypto platform, successfully completed its first widescale airdrop Wednesday, sending $47 worth of its stablecoin to tens of thousands of user wallets. All crypto wallets holding any amount of WLFI, the project’s governance token, were eligible to receive the airdrop, according to a proposal that passed last month. Crypto users in certain jurisdictions including New York, however, were excluded from the giveaway for legal reasons. Acc...
Wall Street giant JP Morgan plans to allow its wealthy clients to use shares in crypto ETFs, like BlackRock's iShares Bitcoin Trust, as collateral for loans. Unnamed sources familiar with the matter told Bloomberg, who first reported the news, that the bank will also begin taking crypto holdings into account when assessing clients' net worth and liquid assets. This would mean that crypto gets the same treatment as real estate and vehicles when assessing a client's ability to repay a loan. "We ca...
A new bill has been passed by the California State Assembly which will mean state agencies are able to accept crypto payments if it comes into law. The vote was a unanimous 68-0 and now moves to the Senate where it can be taken further. Assembly Bill 1180 (AB 1180), passed on June 2, will require the Department of Financial Protection and Innovation (DFPI) to further develop rules to permit the state fees and transactions under the Digital Financial Assets Law (DFAL), so cryptocurrencies can be...
