LayerZero $ZRO is an omnichain, cross-chain protocol capable of helping decentralized applications integrate interactions across different
blockchains (Omnichain dApps – OdApps).
Interoperability revolves around passing messages between chains.
The project announced that the total supply for will be 1,000,000,000 (1 billion). This amount of tokens will be allocated according to the following plan:
38.3%: LayerZero Community (for users, developers and other community members)
32.2%: Strategic Partners (VC and Advisor) (locked for 1 year, paid monthly within 2 years)
25.5%: Core Contributors (project team) (locked for 1 year, paid monthly within 2 years)
4.0%: Amount of tokens bought back by LayerZero Labs, committed to the community
LayerZero is one of many large projects on the market, attracting huge investment cash flows from reputable funds in the past 3 years and attracting a large number of users to experience the project.
The direct competitor to LayerZero in this Interoperability Infrastructure segment is Wormhole.