Scroll faces increasing criticism from community members due to its recent partnership with Binance. The backlash centers on the perception that support is focused on major exchanges, leaving community members feeling underappreciated. In response, the Scroll management has taken steps to clarify and defend its actions.
Scroll Founder Ye Zhang Defends Strategic Value of Binance Collaboration
In addressing community concerns, Ye Zhang, one of the founders of Scroll, stated that the partnership with Binance is not solely for listing purposes. Instead, he emphasized that it represents a strategic move aimed at expanding the project and gaining broader market support.
Zhang highlighted the critical role of Binance in providing essential entry and exit services for stablecoins, which are vital for expansion into emerging markets. He noted that in regions like Africa, Binance holds more credibility and is more widely used than Ethereum $3,202:
“When I visited Africa, I saw that everyone was using Binance – it has stronger legitimacy for many locals than even Ethereum.”
Addressing Community Concerns About Token Distribution
Zhang further 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. Additionally, he mentioned that Scroll has reserved a significant portion of tokens for community rewards.
To prevent unfair advantages for large investors, Scroll has implemented a purchase limit of 2,500 SCR per user during the pre-market phase. This aims to facilitate broader distribution among potential holders. Zhang stressed his commitment to long-term community engagement and growth:
“Much more is coming in the coming weeks.”
Scroll management indicates 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 stated to support the growth of a healthy and decentralized ecosystem.
Overall, Scroll’s partnership with Binance aims to secure a wide investor base and provide significant infrastructure support. The measures taken in response to community concerns are intended to bolster the long-term success of the project.