🚀LayerZero's new token, ZRO, took a rollercoaster ride at launch, spiking 15.15% to $4.71, only to plunge 22% in two hours. 🎢 But hey, that's just another day in the crypto world, right?
Here's the twist: to claim ZRO, you gotta donate a dime in USDC, USDT, or ETH per ZRO. Critics say it's like a "tax" or an ICO in disguise. 😱 But LayerZero insists it's not an airdrop and this mechanism could address issues like airdrop farming and Sybil attacks.
Co-founder Bryan Pellegrino says, "This is not something you own, it's something being offered." If you don't wanna donate, don't claim. Simple as that.
Some in the crypto community are backing this approach. Adam Cochran argues it supports a "greater ecosystem" and deters Sybil attacks.
So, what's your take on this? Is it a smart move or a joke? Let's discuss in the comments! #DeFi #Web3 #LayerZero
P.S. ZRO is currently trading at $3.35, down 17% over the last 24 hours. But remember, in crypto, what goes down, must come up... or is it the other way around? 🤔