Scroll through details on Binance, sparking debate on central issues.
Scroll, an Ethereum layer-2 project, recently listed on the centralized cryptocurrency exchange Binance, has sparked a debate in the crypto community about centralization.
In the year The list, announced on October 11, was praised for its potential to boost growth, but criticized for its understanding with centralized bodies. Concerns have been raised that the project is seeking decentralization.
X user Zeng Jiajun criticized Scroll's decision to list on Binance's “knee-jerk” centralized exchange (CEX), calling it a “tough decision to make” but questioning the long-term implications.
Cointelegraph reached out to Sheble for comment but did not receive a response by the time of publication.
Source: zjj.eth
Related: Ethereum Layer 2 Scroll Tips Native Token Launch
Strategic decision for international growth
Scroll co-founder Ye Zhang explained that the decision to partner with Binance is part of a broader strategy to expand the project's ecosystem, especially in emerging markets.
Zhang said:
“I don't think that cooperation with Binance is a “kneeling for CEX to list” – it's more than that, it's a strategic decision to build a partnership for growth and broad support. However, this is really a difficult decision.
Zhang highlighted that Binance's on-ramp and off-ramp services will make it easier for Binance users to move their funds into the Scroll network.
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Decentralization advocates raise concerns.
Not everyone in the crypto community agreed with Zhang's view. Some have raised concerns about the partnership with Binance and its impact on Scroll's decentralization efforts.
Ether (ETH) advocate Jiajun expressed his frustration:
Imagine @VitalikButerin paying 5.5% to @okx because @star_okx refuses to list $ETH.
Other users on X pointed out that Binance should not be the first exchange to list Scroll. “If the chain had enough activity and users,” Binance would have listed it organically, without the need for partnerships, he argued.
Source: Octoberdropcoming
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Finding balance
In response to the criticism, Zhang defended the partnership:
“If we want to build a competitive ecosystem with truly global reach, compete with Tron in these markets and attract different categories of users to the Ethereum ecosystem, strong CEX support is essential.”
The roll co-founder addressed the concerns of token distribution, explaining that the launch pool allocation comes from the ecosystem and development category, ensuring that the community's airdrop is not affected.
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