Scroll faces increasing criticism from community members due to its recent partnership with Binance. The backlash stems from the perception that major exchanges are being prioritized, while community members feel inadequately rewarded. In response, Scroll’s management has taken steps to clarify and defend this partnership.
Scroll Founder Ye Zhang Defends the Strategic Value of the Binance Partnership
In response to community concerns, Ye Zhang, one of Scroll’s founders, emphasized that the collaboration with Binance is not merely for listing purposes. Instead, he described it as a strategic move aimed at fostering project growth and securing broader market support.
Zhang highlighted the importance of Binance’s critical entry and exit services for stablecoins, especially for expansion in emerging markets. He noted that in these regions, Binance is perceived as more reliable and widely used than Ethereum $3,294:
“When I visited Africa, I saw everyone using Binance – it has even stronger legitimacy for many locals than Ethereum.”
Response to Community Concerns Regarding Token Distribution
Zhang also clarified that the 5.5% allocation of tokens for the Binance launchpool comes from the ecosystem and growth budget, not from the community airdrop pool. Additionally, he stated that Scroll has reserved a significant portion of tokens for community rewards.
To avoid providing unfair advantages to large investors, Scroll has implemented a purchase limit of 2,500 SCR per user during the pre-market phase. This aims to ensure wider distribution among potential holders. Zhang reaffirmed his commitment to long-term community engagement and growth:
“Much more is coming in the weeks ahead.”
Scroll’s management asserts that the partnership with Binance was established to adapt to current market conditions and strengthen the project’s competitive position. They believe that their token distribution strategies will support the growth of a healthy and decentralized ecosystem.
The collaboration with Binance aims to provide Scroll with a broad investor base and significant infrastructure support. Measures taken to address community concerns are intended to bolster the project’s long-term success.