Scroll Responds to Community Concerns About Binance Partnershipđ€
Scroll Founder Ye Zhang Defends Strategic Value of Binance Collaboration
In response to community concerns, Ye Zhang, one of Scrollâs founders, emphasized that the partnership with Binance is not solely for listing purposes but is a strategic move aimed at expanding the project and offering broader market support.
Zhang highlighted that Binanceâs critical entry and exit services for stablecoins are essential for expansion in developing markets. He noted that in regions like Africa, Binance holds more credibility and is used more widely than Ethereum $2,473:
âWhen I visited Africa, I saw that everyone was using Binance â it has a stronger legitimacy for many locals than even Ethereum.â
Addressing Community Concerns Over Token Distribution
Zhang also clarified that the 5.5% of tokens allocated for Binanceâs launchpool comes from the ecosystem and growth budget, not from the community airdrop pool. Furthermore, he stated that Scroll reserves a significant portion of tokens for community rewards.
To prevent unfair advantages for large investors, Scroll has introduced a limit of 2,500 SCR per user during the pre-market phase. This move aims to promote a wider distribution among potential holders. Zhang reiterated his commitment to long-term community engagement and growth:
Much more is coming in the coming weeks.â
Scrollâs management asserts that the partnership with Binance is aimed at adapting to current market conditions and strengthening the projectâs competitive position. It has been stated that token distribution strategies will support the growth of a healthy and decentralized ecosystem.
The collaboration with Binance aims to attract a broad base of investors and provide significant infrastructure support for the project. Measures taken to address community concerns seek to bolster the projectâs long-term success.
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