Scroll defends its Binance partnership as a strategic move for growth, not just a listing.
A 2,500 SCR cap ensures fair token distribution and addresses community concerns.
Binance partnership aims to expand Scroll’s market reach, especially in emerging regions.
Scroll has come under fire from its community following the announcement of its partnership with Binance, with critics claiming that the collaboration prioritizes major exchange support over rewarding loyal community members. The backlash centers on perceived unfair token distribution, which some believe favors large Binance investors.
In response, Scroll co-founder Ye Zhang defended the partnership, stating it was a strategic decision to support the project's long-term growth. Zhang emphasized that the collaboration with Binance is crucial for listing and for expanding Scroll’s market presence, particularly in emerging regions where Binance is vital in facilitating stablecoin transactions.
According to Zhang, Binance's on-ramp and off-ramp services provide essential infrastructure for Scroll’s expansion, especially in markets like Africa, where Binance has a stronger presence than Ethereum.
Moreover, Zhang addressed concerns regarding token distribution. Scroll has imposed a 2,500 SCR token purchase cap during the pre-market phase to ensure a fair distribution. This limit is designed to prevent large investors from gaining an unfair advantage and to promote broader token ownership among the community.
Some community members criticize Scroll because they believe it is "kneeling" to centralized exchanges (CEXs). Zhang counters this by highlighting the importance of CEX backing for the project’s success and explaining that other blockchain competitors, such as Tron, have gained traction through strong CEX support.
He explained that partnering with Binance helps Scroll navigate the evolving market conditions, where layer 2 solutions now require substantial infrastructure support to thrive.
Additionally, Zhang reassured the community that the 5.5% of tokens allocated to the Binance launchpool comes from the ecosystem and growth budget, not the community airdrop pool. He emphasized that the partnership with Binance is designed to foster long-term growth while maintaining fair token distribution.
