Recently, Scroll faced increased backlash from community members due to its newly announced partnership with Binance. The criticism revolves around the perception that significant exchanges are being prioritized while community members feel insufficiently rewarded. In response, Scroll’s management has taken steps to clarify and defend this issue.
Scroll Founder Ye Zhang Defends the Strategic Value of the Binance Partnership
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 expanding the project and securing broader market support.
Zhang emphasized that Binance’s critical entry and exit services for stablecoins are vital for expansion in developing markets. He expressed that in these regions, Binance holds more trust and widespread usage than Ethereum $1,791:
“When I visited Africa, I saw that everyone was using Binance – it has even stronger legitimacy for many locals than Ethereum.”
Addressing Community Concerns on Token Distribution
Zhang also clarified that the 5.5% token allocation set aside for the Binance launchpool comes from the ecosystem and growth budget, not from the community airdrop pool. Additionally, he mentioned that Scroll reserves a significant portion of tokens for community rewards.
To avoid granting unfair advantages to large investors, Scroll implemented a purchase limit of 2,500 SCR per user during the pre-market phase. This aims to facilitate a broader distribution among potential holders. Zhang highlighted his commitment to long-term community engagement and growth:
“Much more is coming in the next weeks.”
Scroll’s management indicates that the partnership with Binance was made to adapt to current market conditions and strengthen the project’s competitive position. It was stated that the token distribution strategies would support the growth of a healthy and decentralized ecosystem.
The partnership formed with Binance aims to provide the project with a broad investor base and essential infrastructure support. The measures taken to address community concerns are intended to enhance the project’s long-term success.