On October 22, Scroll's second-layer network based on ZK-Rollups will launch the SCR token and hold an airdrop. According to the announcement, the total supply of SCR will be 1 billion tokens. A snapshot for the airdrop will be taken on October 19.
Here is the project's tokenomics breakdown:
- 15% of the supply will be allocated to airdrops (7% will be distributed in the upcoming event);
- 35% will go towards ecosystem development;
- 10% will be reserved for the Scroll Foundation's treasury;
- 23% will be allocated to the team (with a one-year lock-up period and four years of vesting);
- 17% will be for investors (under similar conditions as the team).
The developers state that SCR will decentralize project governance. It will also play a critical role in protocol development and security.Initially, SCR will function as a governance token but is expected to evolve into a utility token in the future.
"There are three essential rights involved in designing the Rollup protocol that must be decentralized. SCR is connected to all of them: governance rights, proof rights, and ordering rights,” explained the developers.
The Scroll network was established in 2021 to scale Ethereum to a billion users. In October 2023, the project launched its mainnet. As of the time of writing, the total value locked (TVL) in the protocol stands at $740 million, according to DeFi Llama. Previously, CoinGecko experts identified the best timing for selling airdropped tokens.
