COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Scroll Addresses Community Concerns About Binance Partnership
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 Addresses Community Concerns About Binance Partnership
Cryptocurrency News

Scroll Addresses Community Concerns About Binance Partnership

In Brief

  • Scroll addresses community backlash regarding its partnership with Binance.

  • Founder Ye Zhang emphasizes the strategic benefits of the collaboration.

  • The project focuses on community rewards and fair token distribution.

İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

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.

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

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 $2,421, 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.

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

Strategy plans bi-monthly dividends for $6.4B STRC shares

Bitcoin hits $78,000 as Iran denial triggers drop risk

21 million BTC visualized in oil painting debuting at Bitcoin 2026

X reaches $1 billion in cashtags trading volume

Us congresswoman reveals $250,000 BTC ETF purchase as price hits $77,000

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 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

Over 257K LINK withdrawn from Binance hot wallets in 15 hours
Chainlink (LINK)
California court rules $JENNER not a security after $40,000 loss
Cryptocurrency Law
Eth struggles at resistance as altcoins surge after btc dominance drops
Ethereum (ETH)
//

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
COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?