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Scroll and Binance Partnership: Community Feedback and Leadership Response

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2 hours ago


Scroll has faced criticism following its partnership with Binance. The community is concerned that the collaboration benefits only large exchanges at the expense of community interests. Scroll's leadership has clarified their stance.

Defending the Strategic Value of Binance Partnership

Ye Zhang, a founder of Scroll, stated that the partnership with Binance is not solely for listing purposes. It represents a strategic move aimed at project expansion and broader market support. Zhang highlighted the importance of Binance's entrance and exit services for stablecoins in emerging markets, where Binance is viewed as more trusted and popular than Ethereum.

When I visited Africa, I saw that everyone was using Binance – it holds even stronger legitimacy for many locals than Ethereum.Ye Zhang

Community Concerns on Token Distribution

Zhang explained that the 5.5% allocation for Binance launchpool comes from the ecosystem and growth budget, not affecting the community airdrop pool. Scroll reserves a significant portion of tokens for community rewards. To prevent unfair advantages to large investors, a purchase limit of 2,500 SCR per user is set during the pre-market phase.

Much more will come in the coming weeks.Ye Zhang

Benefits and Long-term Goals of Partnership

Scroll's leadership claims that the partnership with Binance is intended to adapt to current market conditions and strengthen the project's competitive position. Token distribution strategies aim to support the growth of a healthy and decentralized ecosystem.

The partnership with Binance gives Scroll a broad investor base and infrastructure support. Measures taken to address community concerns are aimed at ensuring the project's long-term success.

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