LayerZero, a project that enables data transfer across blockchains is set to airdrop ZRO token to eligible users.
LayerZero Labs CEO Bryan Pellegrino released details of the upcoming ZRO token airdrop in a recent tweet. ZRO total supply is 1 billion of which 23.8% will be directly allocated to the community and builders. LayerZero announced June 20 as a key date, it remains unclear whether this is the airdrop or entitlement date. The project’s CEO shared details in a recent tweet on X. ZRO token’s total supply is 1 billion. 8.5% of the supply will be allocated on the first day.
8% is reserved for allocation to community and builders. 23.8% excludes foundation, growth and other heads. 8.5% of the tokens allocated to community and builders will be distributed on the first day of airdrop, the rest of the tokens will be allocated within three years. The project plans an additional allocation every 12 months, and some forward looking Request for Proposals will be provided for builders in the ecosystem. The CEO’s tweet does not mention a timeline for the airdrop.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LayerZero (ZRO) Token of Omnichain Ecosystem Scores Bitget Listing Pre-MarketHotly-anticipated airdrop token ZRO makes it top top CEX Bitget
Read more »
Tensions in DeFi industry exposed by LayerZero’s anti-Sybil strategyLayerZero faces airdrop controversy as some users lose out thanks to its anti-Sybil strategy.
Read more »
LayerZero's daily messages hit lowest level in over a yearThe number of messages being sent on LayerZero has dropped below 40,000 more recently, pushing the daily message count down to levels not seen since March 2023.
Read more »
Crypto Bridge LayerZero Connects to Solana BlockchainDanny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Read more »
LayerZero adds Solana to its cross-chain bridge networkThe move will enable Solana users to transfer their assets between Arbitrum, Ethereum, Polygon, and other chains integrated with LayerZero.
Read more »
Fans Want the Mariners to Get Help, But They Don't Want to Trade Prospects: Heres WhySeattle Mariners fans seem averse to trading top prospects for offensive help at the trade deadline, despite the clear need for that help. So, why are fans so paranoid? Here's why:
Read more »