Business
LayerZero Introduces Unique Token Claim Process
Discover how LayerZero revolutionizes token claiming with its innovative process, offering a unique and seamless experience for users.
LayerZero is set to launch its new ZRO token, requiring claimants to make a donation to unlock tokens from their airdrop kitty. Each token can be unlocked by paying 10 cents worth of ether (ETH) or a stablecoin.
Donation Match and Protocol Guild
By donating the required amount to the Protocol Guild, users demonstrate their alignment with the LayerZero protocol and support for the future of crypto. The LayerZero Foundation is matching all donations up to $10 million, further incentivizing users to contribute.
Community Reactions and Airdrop Details
The introduction of the “proof-of-donation” mechanism has sparked mixed reactions within the crypto community. While some users have expressed disagreement with the move, others believe it will help support development efforts.
- LayerZero’s airdrop of 85 million ZRO tokens is highly anticipated for 2024.
- Over 50% of the token supply is allocated for investors and core contributors, with a vesting period and lockup conditions.
The ZRO token is currently trading at $4.27 in pre-market futures trading and is scheduled to begin trading on exchanges like Binance at noon UTC on Thursday.