The post Scroll Responds to Community Backlash Over Binance appeared on BitcoinEthereumNews.com.

Scroll is addressing rising concerns among its community regarding its recent collaboration with Binance. Critics argue that prioritizing major exchanges might overshadow the benefits for individual community members. In response, Scroll’s leadership has taken proactive steps to clarify its intentions and reassure its supporters. How Does the Binance Partnership Benefit Scroll? Ye Zhang, a founder of Scroll, defended the importance of this partnership, stating it is not merely about listings but a strategic initiative to broaden the project’s reach and enhance market credibility. He pointed out that Binance’s services play a vital role in the stability of stablecoins, particularly in developing regions where the platform is considered more trustworthy than Ethereum. Are Community Concerns Addressed Effectively? In addressing token distribution, Zhang clarified that the 5.5% token allocation for the Binance launchpool will come from the ecosystem budget, not the community’s airdrop pool. Furthermore, Scroll has ensured that a substantial amount of tokens is set aside for community rewards, promoting fairness among users. To maintain equity, a purchasing cap of 2,500 SCR per user has been established during the pre-market phase. Partnership with Binance is strategic for growth. Binance is highly regarded in developing markets. Token distribution is designed to benefit the community. Commitment to long-term community involvement is strong. Scroll management emphasizes that this collaboration with Binance serves to strengthen their market position while also ensuring robust support for individual investors. The measures taken aim to foster a balanced and thriving ecosystem for all stakeholders involved. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/scroll-responds-to-community-backlash-over-binance

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Filed under: News - @ October 12, 2024 8:45 pm