Insights on zro Token News in June 2024:
Plummet in Price: The $ZRO token experienced a sharp decline of 22% shortly after its launch on June 20, surging by 15.15% to reach $4.71 within 20 minutes. There was significant selling of the newly acquired tokens leading to a drop in price. Source: Binance.
Charity-Driven Airdrop: LayerZero Labs introduced the ZRO token with a distinctive "Proof-of-Donation" mechanism on June 19. Users were required to donate to specified charities to claim their tokens. The airdrop snapshot was taken at the last second of May 1, 2024. Source: Coin360.
Airdrop Claims Open: Claims for LayerZero's ZRO token were open on June 20, with community interest shifting towards this new token. Source: Invezz.
Explanation of $ZRO Token:
Native Asset: zro token is the native asset of LayerZero. It serves as the governance token incentivizing community participation and decision-making within the LayerZero protocol.
Voting Rights: Holders of $ZRO tokens can vote on important changes and improvements within the protocol.
Listed on Binance: The zro RO token was listed on Binance with the seed tag applied on June 20, 2024.
Unique Mechanism: LayerZero stands out with its innovative "Proof-of-Donation" approach in token distribution.
