According to Odaily, LayerZero Foundation has announced that 25% of ZRO tokens will be unlocked on the first day of their release. The Token Generation Event (TGE) will account for 8.5% of this, with 11% set aside for future Snapshot and RFP. The LayerZero Foundation will receive 5%, while 0.5% will be distributed among community members. The application process will open on June 20 at 19:00.
The unlocking of the ZRO tokens is a significant event for the LayerZero Foundation and its community members. The distribution of the tokens has been carefully planned to ensure a fair and equitable distribution. The 8.5% allocation for the TGE, 11% for future Snapshot and RFP, and the 5% for the LayerZero Foundation, all demonstrate the organization's commitment to its project and its community.
The 0.5% allocation for community members is a clear indication of the Foundation's recognition of the importance of its community. The opening of the application process on June 20 will provide an opportunity for community members to participate in the project. The LayerZero Foundation's announcement is a significant step towards the realization of its project and a clear demonstration of its commitment to its community.