Scroll recently faced increasing backlash from community members due to its partnership with Binance. The criticism is rooted in the perception that the focus has been on supporting major exchanges rather than adequately rewarding community members. In response, Scroll’s management took steps to clarify and defend this issue.
Scroll Founder Ye Zhang Defends the Strategic Value of the Binance Collaboration
In response to community concerns, Ye Zhang, one of Scroll’s founders, emphasized that the partnership with Binance is not solely for listing purposes but also a strategic move aimed at expanding the project and providing broader market support.
Zhang highlighted that Binance’s critical entry and exit services for stablecoins are vital for expansion in emerging markets. He noted that in these regions, Binance is considered more reliable and widely used than Ethereum $3,300, stating:
“When I visited Africa, I saw that everyone was using Binance – it holds stronger legitimacy for many locals than even Ethereum.”
Addressing Community Concerns Over Token Distribution
Zhang also clarified that the 5.5% of tokens allocated for Binance launchpool came from the ecosystem and growth budget, not from the community airdrop pool. Furthermore, he mentioned that Scroll has reserved a significant portion of tokens 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 is designed to promote a wider distribution among potential holders. Zhang emphasized his commitment to long-term community engagement and growth:
“Much more is coming in the following weeks.”
Scroll’s management states that the partnership with Binance is a response to current market conditions and aims to strengthen the project’s competitive position. It was expressed that the token distribution strategies will support the growth of a healthy and decentralized ecosystem.
The partnership between Scroll and Binance aims to attract a broad investor base and provide significant infrastructure support. The measures taken to address community concerns intend to ensure the project’s long-term success.