Scroll recently faced increasing backlash from community members due to its partnership with Binance. Criticism stemmed from a perception that large exchanges are being prioritized while community members are inadequately rewarded. In response, Scroll’s management has taken steps to clarify and defend this matter.
Scroll’s Founder Ye Zhang Defends the Strategic Value of the Binance Partnership
Addressing community concerns, Ye Zhang, one of Scroll’s founders, emphasized that the partnership with Binance is not solely for listing purposes but is a strategic move aimed at scaling the project and gaining broader market support.
Zhang highlighted the critical entry and exit services of Binance for stablecoins, which are crucial for expansion in developing markets. He noted that in these regions, Binance is regarded as more reliable and widely used than Ethereum $3,044:
“When I visited Africa, I saw that everyone was using Binance – it has a stronger legitimacy than Ethereum for many locals.”
Addressing Community Concerns about Token Distribution
Zhang also clarified that the 5.5% of tokens allocated for Binance’s launchpool comes from the ecosystem and growth budget, not from the community airdrop pool. Additionally, he stated that a significant portion of tokens is reserved 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 aims to ensure a wider distribution among potential holders. Zhang underscored his commitment to long-term community engagement and growth:
“Much more is coming in the next weeks.”
Scroll’s management asserts that the partnership with Binance was established 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 with Binance aims to bring a broad investor base to Scroll and provide significant infrastructure support. Measures taken in response to community concerns are intended to bolster the project’s long-term success.