Original | Odaily Planet Daily
Author | Asher
Earlier today, the LayerZero Foundation officially released the token economic model of ZRO, and announced that token claims will be online at 7 pm Beijing time tonight. Users who have not yet checked can still check the airdrop qualifications (click here).
As soon as this news came out, studios and multi-account parties should have been busy setting up scripts to complete the token application as soon as possible, but they were not motivated enough because a large number of accounts were reversed. According to a large number of user feedback, most addresses only have a few to dozens of ZRO, and the smallest is even less than 0.1. Based on the current OTC price of $4.25, the airdropped tokens received by most addresses are only worth tens of dollars. For users with a low winning rate, the value of these tokens may not even be enough to cover the interaction cost.
At present, many centralized exchanges have announced that they will launch ZRO spot at 8 o'clock tonight, including OKX, Bitget, Bybit, etc.
ZRO Token Economic Model
According to the relevant information released by the LayerZero Foundation, the total supply of its native token ZRO is 1,000,000,000, and the specific distribution ratio is as follows:
Community: 383,000,000 ZRO, accounting for 38.3% of the total supply. The community token allocation is designed to reward LayerZero's early, current and future persistent developers and users, while growing the LayerZero ecosystem. Among them, 8.5% of the airdrop will be released in today's TGE; 15.3% will be reserved and distributed to users, protocols, developers or community members in the future; 14.5% will be managed by the LayerZero Foundation, and 5% will be released at the beginning of the TGE for ecological growth, donation plans and liquidity supply;
Strategic partners: 322,000,000 ZRO, accounting for 32.2% of the total supply, including investors and consultants. This portion of the shares will be locked for 1 year and then unlocked monthly within 2 years;
Core contributors: 255,000,000 ZRO, accounting for 25.5% of the total supply, including existing and future team members. This portion of the share will be locked for 1 year and then unlocked monthly within 2 years;
Buyback: 40,000,000 ZRO, or 4% of the total supply, has been bought back by LayerZero Labs and will be invested in the community share.
The release of ZRO tokens according to the token economic model is as follows:
ZRO Token Release Schedule
Community sentiment
Since LayerZero, which has been undergoing Sybil censorship for a month and a half, finally opened up airdrop inquiries yesterday, major communities have been filled with doubts. With ZKsync in the past and the current continuous decline of altcoins, the community’s resentment towards LayerZero has also reached its peak:
"The good news is that LayerZero has finally launched its airdrop. The bad news is that 'You are not eligible' is about to come to an end for the hair-raising industry."
"The bigger LayerZero airdrop is finally here. I didn’t expect it to be worse than ZKsync."
"If you surrender 15%, you will get 0.9 ZRO, and if you don't surrender, you will get 6 ZRO. According to the current market price, it's a waste of time."
......
ZRO OTC Market
According to the over-the-counter trading protocol Aevo, the over-the-counter price of LayerZero (ZRO) hit a high of $4.8 after the airdrop query was opened yesterday. It has now fallen back and is now trading at $4.25, with a 24-hour trading volume of over $2.3 million.
ZRO Pre-Launch Contract
Both ZKsync and the current LayerZero have caused strong dissatisfaction in the community. Long-term PUA, insider trading, and unclear token airdrop rules have exhausted the "money-pulling party" and have collected various wallet accounts to end the "daily money-pulling" work. Perhaps, LayerZero has really become the money-pulling EndGame.