Scroll ‘Hunter’ denies airdrop allegations
Scroll's co-founder, Ethereum's Layer-2 network, set up a “Hunter” token in October, dismissing the claim as “wild” in a Nov. 28 post on the X forum.
Scroll co-founder and CEO Sandy Peng said Scroll has been “reflecting on community feedback” and is “working to address this with Part 2,” Scroll's planned follow-up weather revealed in October.
Additionally, Scroll is “reconfiguring to accommodate our next phase of growth” and “[s]Ome team members are moving forward,” Peng said.
Source: Sandy Peng
Related: Ethereum Layer 2 Scroll Tips Native Token Launch
On October 22, Scroll launched its native SCR amid a controversial climate sparked by allegations of token dumping by members of the network's core team.
The token price dropped 32% on the first day of trading after Shiblel gave away a large SCR allocation to a few whale bags, which upset some airdrop participants.
In a Nov. 27 X post, Rushi Manche, co-founder of the rival Blockchain Developer Movement Lab, described Scroll as “probably one of the worst actors in the space,” adding that Scroll was “straight up in the air.” [team members’] Wallets and discarded.”
In the year On November 28, Peng Shiblel allocated a “negligible” amount of tokens – or points used to set up airdrop allocations – to his own wallets and said he mainly used SCR allocations to trade with decentralized exchanges (DEXs).
“In hindsight, it would have been better to remove the marks for clarity. It's a lesson learned,” Peng said.
SCR said in October that the token will “become the protocol's primary governance mechanism and transition to a utility token as the protocol becomes more decentralized.”
The total supply of the token is 1 billion SCR, with 15% for airdrops, 35% for ecosystem growth and 17% for investors. The rest goes to the package foundation (10%) and contributors (23%).
Scrolling is a Zero Knowledge (ZK) package that competes with Layer 2s like ZKsync Era and Starknet.
ZK-rollups will eventually replace promising ones like Arbitrum and Base – as Ethereum's main tokenization solutions.
Compared to optimistic prospects that usually take more than seven days to complete transactions, ZK-rollups are usually completed in minutes.
They face competition from L2s using alternative approaches such as movement labs post-validation.
According to crypto researcher Ailo, founder of False Alpha, 23 of the 31 tokens distributed in large airdrops have lost value since the first day of listing, sometimes significantly.
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