Scroll Partners with Binance, Allocates 5.5% Tokens to Boost Growth in Emerging Markets

Oct 12, 2024, 03:51 AM

Scroll has announced a significant partnership with Binance, aiming to leverage the exchange's global reach to enhance its growth, particularly in emerging markets. The collaboration includes the listing of ETH deposits and withdrawals on Binance, and the allocation of 5.5% of Scroll's tokens to Binance's Launchpool users, and 7% to early adopters. This decision has sparked criticism from some community members, who view the allocation as favoring centralized exchanges. Scroll co-founder Ye Zhang defended the partnership, highlighting Binance's strong presence and support for stablecoins, especially in Africa, where Binance holds more legitimacy than Ethereum. Additionally, Scroll plans to focus on bringing equal opportunities and ZK education to African regions through its collaboration with Web3Bridge.