The post Scroll under attack for favoring Binance users over its own community appeared on BitcoinEthereumNews.com.

Scroll has received heavy criticism since it released its airdrop allocation. Most of the backlash has come from its community because of the project’s decision to allocate 5.5% of the SCR token supply to Binance’s launchpool.  The move has turned many of Scroll’s early supporters against the project. Those early adopters had expected more favorable treatment after their activities in the Scroll ecosystem over the past two years.  Early Scroll adopters feel sidelined by the allocation  Only 7% of the total 1 billion tokens allocated for the first round of airdrops will go to early adopters. On the other hand, Binance users can claim a substantial share by staking BNB in just a few days.  Scroll’s decision to allocate so much to the Binance launchpool has left many of its early supporters feeling sidelined. According to critics, the project has bent the knee to the system that favors larger holders and centralized exchanges, which is a direct contradiction of the project’s decentralized ethos.  Since news of the allocation spread, X (formerly Twitter) has been filled with users expressing frustration. They feel that all their efforts to support Scroll have gone unrewarded, especially given the heavy interaction fees they’ve incurred over time.  Aside from the general dissatisfaction over the allocation, the project has also delayed taking the snapshot of eligible users until October 19. This has left many concerned that the airdrop could become even more diluted as more participants rush in at the last minute.  Ye Zhang, Scroll co-founder, defends Binance partnership  I don’t think partnering with Binance is “kneeling to a CEX for listing” – it’s way more than that, it’s a strategic decision to build a partnership for growth and broader support. However, it is indeed a tough decision. Here are some of my thoughts: 1) Binance on-ramp…

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Filed under: News - @ October 13, 2024 12:11 pm