COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Scroll Defends Its Partnership with Binance and Addresses Community Concerns
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Scroll Defends Its Partnership with Binance and Addresses Community Concerns
Cryptocurrency News

Scroll Defends Its Partnership with Binance and Addresses Community Concerns

In Brief

  • Scroll addresses community backlash over its partnership with Binance.

  • Ye Zhang emphasizes the strategic benefits of the collaboration.

  • Token distribution measures aim for fair community engagement.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

Scroll faced increasing backlash from community members due to its recent partnership with Binance. Critics expressed concerns that the partnership favors major exchanges while community members feel inadequately rewarded. In response, Scroll’s management took steps to clarify and defend their position.

Contents
Ye Zhang Defends the Strategic Value of the Binance CollaborationAddressing Community Concerns Regarding Token Distribution

Ye Zhang Defends the Strategic Value of the Binance Collaboration

In response to community concerns, Ye Zhang, one of the founders of Scroll, emphasized that the partnership with Binance serves more than just a listing purpose. He clarified that it represents a strategic move to grow the project and provide broader market support.

Zhang highlighted the critical inbound and outbound services for stablecoins offered by Binance, noting their importance for expansion in emerging markets. He stated that in these regions, Binance holds more credibility and is used more widely than Ethereum $2,588:

“When I visited Africa, I saw that everyone was using Binance – it has stronger legitimacy for many locals than even Ethereum.”

Addressing Community Concerns Regarding Token Distribution

Zhang also clarified that the 5.5% allocation of tokens reserved for Binance launchpool comes from the ecosystem and growth budget, not from the community airdrop pool. Additionally, he mentioned that Scroll has reserved a significant portion of tokens for community rewards.

To prevent unfair advantages for large investors, Scroll implemented a purchase limit of 2,500 SCR per user during the pre-market phase. This measure aims to facilitate a broader distribution among potential holders. Zhang emphasized his commitment to long-term community engagement and growth:

“Much more is coming in the weeks ahead.”

Scroll’s management stated that the partnership with Binance was designed to adapt to current market conditions and strengthen the project’s competitive position. They articulated that the token distribution strategies would support the growth of a healthy and decentralized ecosystem.

The collaboration with Binance aims to provide the project with a broad investor base and essential infrastructure support. The measures taken in response to community concerns are intended to bolster the project’s long-term success.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Societe Generale Boosts Crypto Ambitions with Innovative Stablecoin Initiative

Robinhood Proposes Bold Plan to Digitize Real-World Assets

Bitcoin Hits the Remarkable $107k, Predicts Massive Altcoin Surge

Ethereum’s Anticipated Surge Sparks New Investor Optimism

Experience Bitcoin and Ethereum’s New Rally Phase Now

İlayda Peker 12 October, 2024 - 10:32 pm 12 October, 2024 - 10:32 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Kevin Svenson Shares Optimistic Views on Bitcoin’s Bullish Market
Next Article Scroll Addresses Community Concerns About Binance Partnership
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Solana Accelerates Block Confirmation with Alpenglow Update
Solana (SOL)
Solana Welcomes Tokenized Real-World Assets to Strengthen DeFi Growth
Solana (SOL)
Genesis Exposes Financial Missteps in Crypto Giant’s Legal Battle
Cryptocurrency Law
Technology Clash: Bancor and Uniswap Engage in Legal Battle
Uniswap (UNI)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?