- Scroll co-founder denies criticism over Binance listing.
- Ye Zhang explains Scroll’s relationship with Binance is beyond just listing but a partnership.
- Scroll already reserved 15% of its token supply for community airdrops.
Scroll co-founder Ye Zhang has debunked the criticism from crypto community members who think the project made a wrong decision to seek a listing on the Binance cryptocurrency exchange. According to Zhang, listing on Binance is a strategic decision to build a partnership for growth and broader support.
In a recent post on X, Zhang provided reasons for the partnership, which he claimed is a tough but necessary decision. He highlighted Binance’s significant on-ramp and off-ramp support for stablecoins as a major factor for Scroll, especially given the strong demand from ecosystem projects and builders in emerging markets.
Citing African crypto users, Zhang acknowledged Binance’s popularity as one factor that Scroll will benefit from. He noted that most crypto users within the African region trust Binance’s legitimacy. He further highlighted that having a formidable CEX backing is crucial for Scroll in its quest to build a competitive ecosystem with a global reach.
In the meantime, Zhang emphasized that Scroll’s partnership with Binance goes beyond listing. According to him, the project targets long-term growth, and the partnership comes with undisclosed additional support from Binance.
The Scroll co-founder explained that the project already reserved 15% of its token supply for community airdrops, debunking criticisms over its support for community members. Zhang noted that Scroll’s launch pool allocation comes from its ecosystem and growth category, explaining that it would not affect its community allocations. According to him, Scroll aims to use the launch pool allocation as an ecosystem growth strategy and to drive global expansion.
According to a recent announcement by Scroll, Binance has activated ETH deposits and withdrawals as part of its solution, including plans to implement stablecoin support. The stablecoin implementation would be the first of its kind among zkRollups. The project noted the move fulfills requests received from builders in emerging markets, highlighting Scroll’s efforts to support them.
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