Scroll Founder Ye Zhang Defends the Strategic Value of the Binance Partnership

In addressing community worries, Ye Zhang, one of Scroll's founders, emphasized that the partnership with Binance is not solely for listing purposes.

output: A Perspective on the Binance Partnership from Scroll Founder Ye Zhang

In response to community concerns, Ye Zhang, one of Scroll's founders, clarified the strategic significance of the partnership with Binance, extending beyond mere listing purposes.

Highlighting Binance's crucial role in facilitating entry and exit services for stablecoins, which are essential for expanding into developing markets, Zhang noted the surprising observation during his visit to Africa:

“When I visited Africa, I saw that everyone was using Binance – it has even stronger legitimacy for many locals than Ethereum.”

Emphasizing the project's commitment to community engagement, Zhang clarified that the 5.5% of tokens allocated for the Binance launchpool were sourced from the ecosystem and growth budget, not the community airdrop pool. He assured that a substantial portion of tokens is still reserved for community rewards.

To ensure fair participation during the pre-market phase, a purchase limit of 2,500 SCR per user was implemented, aiming for a broader distribution among potential holders.

“Much more is coming in the coming weeks,” concluded Zhang, hinting at further updates and initiatives.

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