Many friends don’t know much about zro, so here is a brief introduction for your reference:
ZRO Overview
The ZRO token, full name LayerZero, is the native token of the LayerZero protocol and is designed to play a key role in the LayerZero platform as a governance token.
LayerZero is a groundbreaking cross-chain protocol designed to facilitate seamless interaction between decentralized applications across multiple blockchains. The introduction of the ZRO token is an important step in strengthening this ecosystem, providing users with new ways to participate and innovate.
2. Development process:
Project Launch: Zero Protocol was founded in 2021 with the goal of solving some problems in the traditional financial system through innovative technologies and mechanisms.
Technology Development: The team is committed to building a decentralized financial infrastructure and has launched a series of products, including liquidity pools, lending platforms, etc.
Project background: LayerZero is a cross-chain interoperability protocol developed by LayerZero Labs, which aims to connect different blockchains and realize cross-chain transmission of assets, information, data and contracts.
Community building: The project has attracted a large number of users and developers through community governance and incentive mechanisms.
Release time: ZRO tokens will be officially released on June 20, 2024, and will initially enter the market as airdrop coins.
Listing status: After its issuance, ZRO tokens were quickly listed on a number of mainstream exchanges, such as Yixun, Binance, and Huobi, for players to trade.
3. Total Token Supply and Circulation
Total supply: The total supply of ZRO tokens will eventually be 1 billion. Circulation: The current circulation of ZRO is approximately 111 million, accounting for 11.11% of the total.
IV. Market value
The market value of the ZRO token changes with market price fluctuations.
According to the latest data, the global market capitalization of ZRO tokens ranks about 133rd, with a market value of about billions of US dollars (please refer to real-time data for specific values)
5. Investment advice
Short-term investment: Technical analysis: Pay attention to the price trend, trading volume and changes in technical indicators such as MA5, MA10, etc. of ZRO tokens. If the price can stabilize at the key support level and accompanied by an increase in trading volume, it is expected to continue to rise in the short term.
Stop loss setting: Short-term investors should set a reasonable stop loss level, 3%-5% is recommended, to prevent losses caused by a sharp drop in prices.
Long-term investment: For projects with large market capitalization and low circulation, there is too much water in them and they are not good targets for long-term investment at the beginning.
In short, ZRO tokens, as the native token of the LayerZero protocol, have great development potential but also have certain investment risks. Please make a decision based on your own situation.
Personal opinion, for reference only! $ZRO
