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Reading: Scroll Defends Binance Partnership! But Criticisms Are Coming from the Community!
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EdaFace Newsfeed > Latest News > Crypto News > Scroll Defends Binance Partnership! But Criticisms Are Coming from the Community!
Crypto News

Scroll Defends Binance Partnership! But Criticisms Are Coming from the Community!

vitalclick
Last updated: October 12, 2024 7:31 pm
6 months ago
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Scroll has faced increasing backlash from community members for its recently announced partnership with Binance. Criticisms are based on the perception that the focus is on supporting major exchanges and that community members are not sufficiently rewarded. Scroll management has taken steps to clarify and defend this issue.

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

In response to community members’ concerns, Scroll co-founder Ye Zhang stated that the partnership with Binance is not just for the purpose of listing, but is also a strategic step to grow the project and provide broader market support.

Zhang emphasized that Binance’s critical entry and exit services for stablecoins are important for expansion in emerging markets. Ethereum exchange in these regions $2,447He stated that it is more reliable and widely used than:

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

Response to Community Concerns About Token Distribution

Zhang also explained that the 5.5% amount of tokens allocated for the Binance launchpool comes from the ecosystem and growth budget, and is not allocated from the community airdrop pool. Additionally, he noted that Scroll reserves a significant portion of tokens for community rewards.

In order not to give an unfair advantage to large investors, Scroll introduced a purchase limit of 2,500 SCR per user in the pre-market phase. This will help ensure wider distribution among potential owners. Zhang emphasized his commitment to long-term community engagement and growth:

“Many more to come in the coming weeks.”

Scroll management states that the partnership with Binance was taken in order to adapt to current market conditions and strengthen the competitive position of the project. It was stated that token distribution strategies will support the growth of a healthy and decentralized ecosystem.

Scroll’s partnership with Binance aims to bring a wide investor base to the project and provide significant infrastructure support. Actions taken to address community concerns aim to support the long-term success of the project.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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