As the crypto market continues to surge, investors are eagerly anticipating the rollout of the native SCR token airdrop by the Layer-2 network Scroll next week. With around $1 billion in total value locked, Scroll has been gaining attention since it launched its points farm in September 2023. Users who have been actively engaging with the protocol will have the opportunity to convert their earned “marks” to Scroll tokens on Oct. 22.
However, there has been some disappointment among users regarding the token distribution, as only 7% of the total supply will be allocated for the airdrop next week, with Binance Launchpool users receiving 5.5% of the supply. Concerns were raised by users like Andrew 10 GWEI, who pointed out the high number of marks in Scroll’s founder wallet and inflated balances in Scroll-affiliated wallets. These issues have drawn comparisons to the problems faced by ZKsync in the past.
Despite these early challenges, Scroll aims to establish itself as a leading layer-2 network on Ethereum, focusing on efficiency, security, and cost-effectiveness. The project has garnered attention from World Liberty Financial and Ether.fi for future deployments and partnerships.
In addition to Scroll, Moonveil, a blockchain gaming company that raised $11 million in funding, will be launching a token offering on Oct. 22. The company plans to introduce a gaming-focused layer-2 blockchain, adding to the growing ecosystem of blockchain-based games.
Furthermore, the upcoming week is expected to see the introduction of hundreds of memecoins, as investors look for new opportunities following the recent rally in major cryptocurrencies like BTC, ETH, and SOL. Traders often diversify their portfolios with speculative bets after significant price movements in established assets.
On a different note, Huddle01, a communications platform supported by industry experts Stani Kulechov and LongHash Ventures, will be hosting a node sale round on Oct. 29, offering investors a chance to participate in the platform’s growth.
Overall, the crypto market is buzzing with anticipation for the developments expected in the coming week, from new token offerings to the rise of memecoins and the debut of innovative layer-2 networks. Investors are keeping a close eye on Scroll and other projects as they navigate the rapidly evolving landscape of digital assets.