- 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 โunfairโ, prompting Scrollโs response.
Scroll co-founder Ye Zhang has defended the projectโs partnership with Binance despite criticism from community members.
Scroll recently partnered with Binance to distribute 55,000,000 SCR (5.5% of the tokenโs maximum supply) to users via the exchangeโs 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 projectโs loyal supporters. One user on X, zjj.eth, compared the partnership to โkneeling to CEX,โ noting that it was โreally disappointing.โ
Scrollโs Response
In response to the criticism, Ye Zhang said in an October 12 X (Twitter) post that Scrollโs tie-up with Binance was a โtoughโ but strategic decision to build a partnership for growth and broader support in the crypto industry.
Zhang noted that Binanceโs on-ramp and off-ramp support for stablecoins was big, positioning Scroll to build a competitive ecosystem that could rival Justin Sunโs Tron and onboard different categories of users to the Ethereum blockchain.
โWe take the aggressive path to open this for long-term growth. If we didnโt have the ecosystem and builder demand, I would be 1000% against doing this for just a listing. There's additional support that I canโt disclose yet, but this move is much more than just a listing,โ Zhang wrote.
Commenting on SCR airdrop via Binance Launchpool, Zhang said the programโs allocation came from Scrollโs ecosystem and growth category, which doesnโt affect how much the projectโs community will get.
Zhang asserted that Binanceโs SCR airdrop intended to acquire new users.
โItโs similar to an airdrop for new user acquisition, though some Binance whales will earn more during this process - but thatโs a trade-off we accept,โ 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 โensure fairness.โ
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