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 Following Binance Partnership
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Scroll Addresses Community Concerns Following Binance Partnership
Cryptocurrency News

Scroll Addresses Community Concerns Following Binance Partnership

In Brief

  • Scroll faces backlash from the community regarding its Binance partnership.

  • Ye Zhang defends the strategic importance of Binance for project growth.

  • Token distribution measures aim to ensure fair access and community support.

İlayda Peker
İlayda Peker 1 year ago
Share
SHARE

Scroll recently faced increasing backlash from community members due to its newly announced partnership with Binance. The criticisms stem from perceptions that major exchanges are being prioritized while community members are not adequately rewarded. In response, Scroll’s management has taken steps to clarify and defend their position.

Scroll Founder Ye Zhang Defends Strategic Value of Binance Collaboration

In response to community concerns, Ye Zhang, one of Scroll’s founders, stated that the partnership with Binance is not solely for listing purposes but is a strategic move aimed at growing the project and securing broader market support.

Contents
Scroll Founder Ye Zhang Defends Strategic Value of Binance CollaborationResponse to Community Concerns on Token Distribution

Zhang emphasized the critical role of Binance in providing vital entry and exit services for stablecoins, which is essential for expansion in emerging markets. He mentioned that in these regions, Binance is perceived as more reliable and widely used than Ethereum $3,139:

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

Response to Community Concerns on Token Distribution

Zhang additionally 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. He noted that Scroll has reserved a significant portion of tokens for community rewards.

To avoid unfair advantages for large investors, Scroll imposed a purchase limit of 2,500 SCR per user during the pre-market phase. This measure is intended 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 coming weeks.”

Scroll’s management asserts 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 said to support the growth of a healthy and decentralized ecosystem.

The partnership between Scroll and Binance aims to attract a broad base of investors while providing significant infrastructure support. The measures taken to address 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

Dive into the Rising Wave of AI-Powered Crypto Scams

Tensions Stall Bitcoin as Uncertainty Looms

Cryptocurrency Markets Ride a Roller Coaster as Events Unfold

Trump Sparks New Tensions with Iran Amidst Powell’s Predicament

Bitcoin Dives Under Miner Costs, Sparks New Market Dynamics

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 Addresses Community Concerns Over Binance Partnership
Next Article Scroll Responds to Community Concerns Over 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

U.S. Defense Strategy Embraces AI to Elevate Military Strength
Crypto AI
Dive into the Rising Wave of AI-Powered Crypto Scams
Cryptocurrency News Cryptocurrency Security
Bitcoin Soars as Crypto Markets Brace for U.S.-Fed Tensions
Bitcoin (BTC)
//

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?