- Scroll has addressed criticism surrounding its partnership with Binance.
- The project collaborated with the exchange to distribute 55 million SCR tokens.
- Some users found this arrangement “unfair”, prompting Scroll’s response.
Scroll co-founder Ye Zhang has defended the project’s partnership with Binance despite criticism from community members.
Scroll recently partnered with Binance to distribute 55,000,000 SCR (5.5% of the token’s maximum supply) to users via the exchange’s Launchpool program between October 9 and October 10.
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Community members expressed discontentment with this arrangement, citing unfair token distribution favoring large Binance investors over the project’s loyal supporters. One user on X, zjj.eth, compared the partnership to “kneeling to CEX,” noting that it was “really disappointing.”
Scroll’s Response
In response to the criticism, Ye Zhang said in an October 12 X (Twitter) that Scroll’s tie-up with Binance was a “tough” but strategic decision to build a partnership for growth and broader support in the crypto industry.
Zhang noted that Binance’s on-ramp and off-ramp support for stablecoins was big, positioning Scroll to build a competitive ecosystem that could rival Justin Sun’s Tron and onboard different categories of users to the Ethereum blockchain.
“We take the aggressive path to open this for long-term growth. If we didn’t have the ecosystem and builder demand, I would be 1000% against doing this for just a listing. There's additional support that I can’t disclose yet, but this move is much more than just a listing,” Zhang wrote.
Commenting on SCR airdrop via Binance Launchpool, Zhang said the program’s allocation came from Scroll’s ecosystem and growth category, which doesn’t affect how much the project’s community will get.
Zhang asserted that Binance’s SCR airdrop intended to acquire new users.
“It’s similar to an airdrop for new user acquisition, though some Binance whales will earn more during this process - but that’s a trade-off we accept,” Zhang added.
Per the co-founder, over one million users participated in the program, and pre-market purchases were capped at 2,500 SCR per user to “ensure fairness.”
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