COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Scroll Defends Its Partnership with Binance to Address Community Concerns
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Scroll Defends Its Partnership with Binance to Address Community Concerns
Cryptocurrency News

Scroll Defends Its Partnership with Binance to Address Community Concerns

In Brief

  • Scroll faces criticism over its partnership with Binance from community members.

  • Ye Zhang defends the partnership as a strategic move for growth and support.

  • Token distribution measures are designed to ensure fairness and community engagement.

Ömer Ergin
Ömer Ergin 2 years ago
Share
SHARE

Scroll recently faced increasing backlash from community members due to its partnership with Binance. Criticism stemmed from a perception that large exchanges are being prioritized while community members are inadequately rewarded. In response, Scroll’s management has taken steps to clarify and defend this matter.

Contents
Scroll’s Founder Ye Zhang Defends the Strategic Value of the Binance PartnershipAddressing Community Concerns about Token Distribution

Scroll’s Founder Ye Zhang Defends the Strategic Value of the Binance Partnership

Addressing community concerns, Ye Zhang, one of Scroll’s founders, emphasized that the partnership with Binance is not solely for listing purposes but is a strategic move aimed at scaling the project and gaining broader market support.

Zhang highlighted the critical entry and exit services of Binance for stablecoins, which are crucial for expansion in developing markets. He noted that in these regions, Binance is regarded as more reliable and widely used than Ethereum $2,482:

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

Addressing Community Concerns about Token Distribution

Zhang also clarified that the 5.5% of tokens allocated for Binance’s launchpool comes from the ecosystem and growth budget, not from the community airdrop pool. Additionally, he stated that a significant portion of tokens is reserved for community rewards.

To avoid providing unfair advantages to large investors, Scroll implemented a purchase limit of 2,500 SCR per user during the pre-market phase. This aims to ensure a wider distribution among potential holders. Zhang underscored his commitment to long-term community engagement and growth:

“Much more is coming in the next weeks.”

Scroll’s management asserts that the partnership with Binance was established to adapt to current market conditions and strengthen the project’s competitive position. The token distribution strategies are said to support the growth of a healthy and decentralized ecosystem.

The partnership with Binance aims to bring a broad investor base to Scroll and provide significant infrastructure support. Measures taken in response to community concerns are intended to bolster the project’s long-term success.

You can follow our news on X, Telegram, Facebook & Coinmarketcap

You Might Also Like

Trump claims $20 billion lost to cybercrime in 2025, $1 billion in digital assets frozen

Trump, FBI address $7.2 billion US crypto scam losses, spotlight World Liberty Financial

Grayscale launches in-kind crypto transfers for 10 ETPs, minimums start at $80,300

Standard Chartered acquires Zodia Custody, expands digital asset services

UK banks face 10,092 complaints in 90 days over blocked crypto transactions

Ömer Ergin 12 October, 2024 - 10:32 pm 12 October, 2024 - 10:32 pm
Share This Article
Facebook Twitter
Share
Previous Article Scroll Addresses Community Concerns Over Binance Partnership
Next Article Ethena’s ENA Cryptocurrency Surges as USDe Stablecoin Competes with Tether
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
Discover the CryptoAppsy app

Latest News

Starknet community backs research into post-quantum L1, 93.5% vote in favor
Ethereum (ETH)
Bitcoin swings from $85,000 to $81,800, liquidations top $430 million
Economy
//

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
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS 2026
Welcome Back!

Sign in to your account

Lost your password?