Scroll, a layer 2 blockchain solution, has addressed growing concerns from its community regarding its recently announced partnership with Binance. Community members have criticized the collaboration, arguing that the project is prioritizing centralized exchange (CEX) support over rewarding long-term, loyal supporters. Some accused Scroll of “kneeling to CEX,” claiming it benefits large investors more than grassroots community members.
Ye Zhang Defends the Partnership
In response, Scroll co-founder Ye Zhang emphasized that the Binance partnership is not just about getting listed on a major exchange, but a broader strategic move designed to spur growth and expand market presence. Zhang explained that Binance offers essential infrastructure, particularly for stablecoin on-ramps and off-ramps, which are crucial for Scroll’s expansion in emerging markets. He cited Binance’s popularity in regions like Africa, where it is often more trusted than Ethereum.
Zhang also pointed out that Scroll needs CEX support to compete with other blockchains, such as Tron, which has leveraged zero-cost stablecoin transfers and strong CEX backing to gain network effects. Without similar backing, Scroll risks stagnating, as it needs to overcome the classic “chicken-and-egg” problem faced by many layer 2 solutions: widespread adoption requires critical infrastructure, which Binance provides.
Timing and Market Dynamics
Zhang further elaborated on the current market environment, explaining that unlike Ethereum’s earlier growth phases, layer 2 solutions are now commoditized, making infrastructure support crucial to survival. The Binance partnership will significantly reduce the waiting time for CEX support, allowing Scroll to secure its position in the increasingly competitive blockchain landscape.
Addressing Token Distribution Concerns
Scroll has also responded to criticisms about token distribution, clarifying that the 5.5% of tokens earmarked for Binance Launchpool come from the ecosystem and growth budget, not from the community airdrop pool. To ensure fair access to tokens, Scroll has imposed a 2,500 SCR per user purchase cap during the pre-market phase. This move is intended to prevent large investors from gaining an outsized advantage and promote broader distribution.
Zhang reassured the community that Scroll remains committed to long-term community engagement, with strategies in place to support decentralized growth and a healthy token ecosystem.
Conclusion
Despite the initial backlash, Scroll maintains that its partnership with Binance is a strategic step toward securing its future growth. By focusing on broader market expansion and equitable token distribution, Scroll aims to balance its need for CEX support with the interests of its community members.
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