1/ Is Binance front-running TGE announcements? Binance announced Scroll's launchpool and pre-market trading for Oct 11th without any official statement from the Scroll team. Are teams caught off guard? Scroll is not the first protocol seemingly front-run by Binance. Plus...
2/ Binance also announced some tokenomics details that should be communicated by team. • Circulating supply at launch: 190M SCR (19%) • Crazy 5.5% of the total supply goes to Binance whales for just 2 days of farming I'll be annoyed if Scroll gives less than 15% to community.
3/ I know it's pre-market trading only, but Binance is where most token price discovery will happen. Whales can pre-farm tokens, pump on low supply (only they hold tokens), and dump before the real TGE happens. Genius plan.
4/ Oh, and do you think you can farm loads of SCR so it's a fair launch? Forbes estimated that Binance owns ~71% of BNB supply (64% by CZ alone), so it's fair to say SCR Launchpool tokens are a listing fee. A really expensive listing fee...
Community is obviously asking questions as there are no official announcements. No idea what happens behind the curtails, but the team does look caught off guard to me. Not a nice play by Binance. And it's not a first time. I bet teams don't want to speak up against Binance.
