Key Takeaways
- Scroll formally launched the SCR token and finished its first airdrop.
- SCR fell from $1.40 to $1.12 on the first day of trading.
- The price drop resulted in losses for several airdrop participants.
On October 22, the SCR cryptocurrency began trading on popular exchanges including as Binance, Bybit, Gate.io, KuCoin, and others.
Participants that met the requirements for the airdrop could pick up their SCR tokens that same day. Claims were open for three months prior to the airdrop, which came after a last picture on October 19.
A letdown regarding the scroll airdrop
55 million SCR tokens, or 5.5% of the entire supply, were allotted by Scroll for the airdrop.
For active community members that interacted with the chain prior to the token launch, 40 million SCR (4%) was set aside.
The main eligibility requirement for the airdrop is that participants must have earned at least 200 marks.
However, when they saw their airline prizes, a lot of participants expressed displeasure.
For instance, a user who spent $500 on gas and created on-chain transactions totaling over $100,000 only received 82.7 SCR. At $1.15, the current price is less than $100.
Price Drop of 20% for SCR on Launch Day
SCR saw significant volatility on its maiden day of trading, plunging to its lowest point of $1.12 after reaching an all-time high of $1.40.
The SCR price has marginally rebounded to $1.15 as of this writing; however, the difference between the top and the lowest is 20%.
Scroll was formerly included on the Binance Launchpool as the 60th project. Prior to opening for wider trading, SCR’s price fluctuated between $1 and $1.20 during pre-market trading.
Additional coin trends to examine
If you are interested in decentralized finance (DeFi), you may be interested in another project.
With its community-driven governance approach and remarkable staking returns of 2309% APY, Flockerz has attracted significant investor interest and raised over $754,000 in its presale since its early September launch. By giving token holders the opportunity to vote on important issues and receiving FLOCK tokens in exchange, the project’s innovative vote-to-earn feature has increased community engagement.
Flockerz is establishing itself as a major player in the decentralized finance (DeFi) space, supported by a successful Coinsult audit that validates the security of its smart contracts. The project has attracted a lot of attention, with estimates of 10x to 100x returns from 99 Bitcoins. Early investors can receive substantial yields, as 20% of its total token supply is set aside for the presale and 25% for staking incentives.
