-
Scroll co-founder denies criticism of Binance listing.
-
Ye Zhang explains that Scroll’s relationship to Binance goes beyond a listing, but is a partnership.
-
Scroll has already reserved 15% tokens for airdrops.
Scroll co-founder Ye Zhang has refuted the criticisms of crypto community members that the project made the wrong decision in seeking a listing on Binance cryptocurrency exchange. Zhang said that listing on Binance was a strategic move to build a partnership and wider support.
In a post on X he explained the reasons for the partnership. He claimed that it was a difficult but necessary decision. He cited Binance’s significant support for stablecoins, both on and off ramps, as a major factor in Scroll’s decision. This is especially true given the strong demand for ecosystem projects and builders from emerging markets.
Zhang cites African crypto users to acknowledge Binance’s popularity. He said that the majority of crypto users in Africa trust Binance. He also highlighted that having a powerful CEX backing Scroll is crucial in its quest to create a competitive ecosystem.
Zhang also emphasized that Scroll’s partnership with Binance is more than just a listing. According to him the project is aimed at long-term growth and Binance will provide additional support.
The Scroll cofounder clarified that the project had already reserved 15% of tokens for airdrops to community members, thereby addressing criticisms about its support for its community members. Zhang explained that Scroll’s launch-pool allocation comes from the category of ecosystem and growth, explaining that this would not affect community allocations. Scroll intends to use the launch-pool allocation as a strategy for ecosystem growth and to drive globalization, according to him.
Binance, according to a recent Scroll announcement, has enabled ETH deposits and withdrawals, as part of their solution. They also plan to implement stablecoins. This would be the first stablecoin implementation among zkRollups. The project stated that the move was made in response to requests from builders and developers in emerging markets. Scroll’s support of them is highlighted.
This site is for entertainment only. Click here to read more
