Token $SCR of Scroll has been tagged for monitoring - The end of the fundraising + airdrop hype cycle
Scroll itself just posted that they will talk more with Binance to review it, but personally I think there’s nothing left to build anymore
- Raised $80 million, backed by big funds like Polychain, Variant Fund, HongShan,..
- Mainnet 10/2024, after 2 years of development TVL is still only $9 million, down 50x from the peak
- Price $SCR has been completely crushed; every unlock just leads to a new bottom.
- The Security Council used for governance has been dissolved, and control moved back to the team
- The co-founder now says they are shifting to building a private chain for AI Agents. They’re still drawing up tech while the chain no longer has users
P/s The most painful part was when farming this badge, the network fee to mint one badge was $0.7-$1, even more expensive than on Ethereum. Many people exposed the project as deliberately trying to make extra money from airdrop farmers, but still kept farming to the end. In the end, half the farming capital was lost
#5PC
@Scroll_ZKP
Scroll itself just posted that they will talk more with Binance to review it, but personally I think there’s nothing left to build anymore
- Raised $80 million, backed by big funds like Polychain, Variant Fund, HongShan,..
- Mainnet 10/2024, after 2 years of development TVL is still only $9 million, down 50x from the peak
- Price $SCR has been completely crushed; every unlock just leads to a new bottom.
- The Security Council used for governance has been dissolved, and control moved back to the team
- The co-founder now says they are shifting to building a private chain for AI Agents. They’re still drawing up tech while the chain no longer has users
P/s The most painful part was when farming this badge, the network fee to mint one badge was $0.7-$1, even more expensive than on Ethereum. Many people exposed the project as deliberately trying to make extra money from airdrop farmers, but still kept farming to the end. In the end, half the farming capital was lost
#5PC
@Scroll_ZKP
