The marking of ZRO, the token of the LayerZero project, has begun, and in 20 minutes there will be listings on top exchanges. The list includes #Binance, #Bybit, #OKX, #Gate, #Bitget, #Bithumb, #Bitfinex, #MEXC, #HTX, #UpBit, #CryptoCom.
UPD: Binance postponed.
Available networks for branding: Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Polygon, Optimism.
The distribution of the token began, one might say, with extortion on the part of the project team. The commissions and time spent on the project are not enough, after the fact today they added one more condition - in order to brand ZRO, you need to donate $0.1 in USDC, USDT or ETH for each #ZRO.
And although the premarket price of more than $4 makes it clear that the investment will fully pay off, the very fact of the appearance of a new condition does not look very good. The new system was called Proof-of-Donation. Apparently, you need to get used to it.
The team aims to raise approximately $18.5 million in donations to the Protocol Guild, a collective funding mechanism for Ethereum developers.
LayerZero is one of the most anticipated projects of 2024, a solution for blockchain interoperability. He received investments worth $263 million from such giants as Binance Labs, Sequoia, a16zcrypto, Coinbase Ventures, Circle, Animoca Brands, Multicoin Capital.
ZRO Tokenomics:
- total supply - 1 billion ZRO;
- 38.3% will be distributed among users, developers and community members. Of these, 8.5% will become available at the launch stage;
- 32.2% - to strategic partners;
- 25.5% - to current and future team members;
- 4.0% - purchased tokens, which are transferred to the community.
After the long history of the war with the sybils, 1.28 million addresses out of 6 million received the right to drop. But this, compared to the recent distribution from zkSync (ZK token), is not the worst situation.
In general, all the latest and upcoming distributions are positive for the market. Those who sell drops will at least partially direct their capital back into the market. And the same altcoins now really need new liquidity for a reversal.