Scroll has recently come under fire from its community due to its partnership with Binance. Critics argue that this collaboration appears to favor larger exchanges while failing to adequately reward individual community members. In light of this scrutiny, Scroll’s management has stepped forward to clarify their intentions and address the growing concerns.
What Did Scroll’s Founder Say About the Partnership?
Ye Zhang, co-founder of Scroll, defended the partnership, asserting that it goes beyond mere token listing. He emphasized that the collaboration is a strategic initiative designed to broaden the project’s reach and enhance market support.
How Will Token Distribution Impact the Community?
Zhang elaborated on the token allocation for Binance’s launchpool, clarifying that the 5.5% comes from a dedicated growth budget, ensuring that community rewards remain intact. To further promote equitable distribution, Scroll implemented a cap of 2,500 SCR per user during the pre-market phase, aimed at preventing large investors from monopolizing token allocation.
- The partnership is intended to bolster Scroll’s market presence.
- Zhang noted the importance of Binance’s services for stablecoins in emerging markets.
- Token distribution strategies focus on fostering a decentralized ecosystem.
Scroll’s leadership believes that their partnership with Binance is essential for adapting to current market dynamics and strengthening their competitive stance. They are committed to ensuring that the project thrives and meets the needs of its community effectively.