Scroll Network is set to launch its SCR token airdrop on October 19, becoming a hot topic amid recent market declines.
Market Situation
Scroll's futures have dropped to $1.18, below the weekly high of $1.74, amid trader concerns. The broader crypto market is also struggling, with the fear and greed index below 45 and Bitcoin unable to surpass the $65,000 resistance.
Token Strategy
Many recent airdrops leave a significant number of tokens locked. Scroll will have a maximum supply of 1 billion SCR tokens, with 7% allocated for the initial airdrop. The remaining will support ecosystem growth and contributor funds.
Scroll Network Growth
Scroll has emerged as a leading blockchain this year, attracting 103 developers. The network boasts over 83,000 addresses with a total value locked of $807 million.
The launch of the SCR airdrop is a pivotal step in Scroll's strategy for decentralization and ecosystem enhancement.