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 Partnership with Binance as Community Voices 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 Partnership with Binance as Community Voices Concerns
Cryptocurrency News

Scroll Defends Partnership with Binance as Community Voices Concerns

In Brief

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

  • Founder Ye Zhang defends the partnership's strategic importance for project growth.

  • Scroll implements measures to address community concerns about token distribution.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

Scroll faces increasing criticism from community members due to its recent partnership with Binance. The backlash centers on the perception that support is focused on major exchanges, leaving community members feeling underappreciated. In response, the Scroll management has taken steps to clarify and defend its actions.

Contents
Scroll Founder Ye Zhang Defends Strategic Value of Binance CollaborationAddressing Community Concerns About Token Distribution

Scroll Founder Ye Zhang Defends Strategic Value of Binance Collaboration

In addressing community concerns, Ye Zhang, one of the founders of Scroll, stated that the partnership with Binance is not solely for listing purposes. Instead, he emphasized that it represents a strategic move aimed at expanding the project and gaining broader market support.

Zhang highlighted the critical role of Binance in providing essential entry and exit services for stablecoins, which are vital for expansion into emerging markets. He noted that in regions like Africa, Binance holds more credibility and is more widely used than Ethereum $2,503:

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

Addressing Community Concerns About Token Distribution

Zhang further clarified that the 5.5% of tokens allocated for the 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 has implemented a purchase limit of 2,500 SCR per user during the pre-market phase. This aims to facilitate broader distribution among potential holders. Zhang stressed his commitment to long-term community engagement and growth:

“Much more is coming in the coming weeks.”

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

Overall, Scroll’s partnership with Binance aims to secure a wide investor base and provide significant infrastructure support. The measures taken in response to community concerns are intended to bolster the long-term success of the project.

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

Discover Bitcoin’s Journey to Its Next Big Leap!

Crypto Turbulence Strikes: Traders Juggle Gains and Market Corrections

Trump Commits to Rapid Crypto Legislation Before August

FalconX Teams Up with Standard Chartered to Enhance Crypto Services Worldwide

Crypto Surge: Ethereum Rallies and Bitcoin’s Next Big Move

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 Scroll Responds to Community Concerns Over Binance Partnership
Next Article Scroll’s Leadership Addresses Community Concerns Following 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 Races to the Top: Outshining Ethereum with Unprecedented Metrics
Solana (SOL)
Discover Bitcoin’s Journey to Its Next Big Leap!
Cryptocurrency News
Coinbase Fights Back Against Cyber Threats with a Bold $20 Million Reward
Coinbase
LaunchCoin Skyrockets in a Week Surpassing Expectations
Altcoin News
//

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?