Recently, people have been saying that something big is coming. Yes, ZK is a big one, and so is LayerZero. So will ZRO perform the same as ZK? The article reveals!
LayerZero (hereinafter referred to as L0) is a full-chain interoperability protocol designed for lightweight cross-chain messaging. Its protocol features are immutability, censorship resistance, and permissionlessness. The project has a luxurious lineup of investment institutions: Sequoia Capital, a16z, Coinbase, Binance, Uniswap, and PayPal Ventures led the investment of US$170 million, striving to create a king-level project that dominates the entire chain.
L0 Token Name$ZRO , a luxurious investment institution, aiming to be the king, it was such a highly anticipated project, but a series of outrageous operations chilled the hearts of the investors and made them cry out for its demise.
L0 has been delayed in launching just like ZK, and has also cut its airdrops just like ZK. In terms of time, L0 has delayed everyone for more than two years, and the king of heaven has been laughed at for failing to urge the project to launch as soon as possible. There are also many tricks in the airdrop - first, after the airdrop snapshot is completed, the official announcement of a one-month airdrop witch review action encourages self-exposure and mutual reporting. This caused mutual infighting among peers, and the one-month witch cleansing activity was a bloodbath - 803,000 addresses were judged as witches! 10 million tokens were recovered.
At the same time, during the witch review activity, L0 added a specific rule screening - the same IP querying the airdrop information is considered a witch, which makes a large number of Luzi studios defenseless! After two years of diligent interaction, it seems to be reaping the rewards, but it slips into the pit and falls into the darkness before dawn! I think this trick is really too cunning. Who doesn't care whether he is a Luzi? After waiting for so long, the airdrop will definitely be checked. L0's recruitment of soldiers is really hard to guard against!
After the Witch ends, you are lucky enough to pass the review. The long-awaited result may still make you unable to laugh, because the amount of ZRO given to you by L0 will make you cry. Many gamers reported that they spent hundreds of dollars to interact with the account, but only received 25 ZRO airdrops. Calculated at the current off-site price of 4 dollars, it was a loss-making business. What's more, someone only got 0.9 ZRO, which is totally unreasonable!
L0 is even suspected of insider trading. If you hold a Kanpai Pandas NFT, you can get 100 ZRO without any interaction! No, what is so great about Kanpai Pandas? A project that I have never heard of is actually behind the scenes. If it is really insider trading, I must scold the dog project again! If it is not insider trading, I wonder if the project owner will be ashamed when he thinks of the users who worked for you for free for two years?
In the past, the safest way for newcomers to enter the circle was to take advantage of airdrops. After all, this was the least risky and the chance of getting rich was still great. For the previously popular airdrop projects, people could still joke that they received a minimum living allowance. Recently, ZK and L0 were complete anti-airdrop ungrateful wolves, which made professional airdroppers collapse and made new airdroppers feel disappointed. I don’t know whether the airdrop business is over, or there may be another turn, but for these two airdrop blood sacrifices, I will first give you a song "Liangliang"!
Now that we have finished talking about the airdrop, let’s analyze the opening price of ZRO:
Token Economics:
$ZRO, total amount is 1 billion.
Community: 383 million, accounting for 38.3%, TGE circulation 13.5%, including 8.5% airdrop, and 5% liquidity.
Strategic partners: 322 million, accounting for 32.2%, which will be unlocked in two years after being locked for one year;
Core contributors: 255 million, accounting for 25.5%, which will be unlocked in two years after being locked for one year;
Buyback: 40 million, or 4%, have been bought back and will be invested in the community share.
At the same time, there are six known L0 market makers, namely GSR, Wintermute, Amber Group, Auros, Animoca Brands and an unknown institution.
According to the token economics model, the total supply of TGE tonight is 250 million. Based on the current OTC price of $4/coin, the market value of ZRO will be $1 billion and FDV will be $4 billion. So can the price be maintained above $4 after the launch?
From the perspective of FDV and market value, L0, as a full-chain protocol, is comparable to the four major L2 protocols.$ARB 、 $OP , $STRK, $ZK (leaving aside ZK), ZRO currently has at least 1x of room to grow, and there is a lot of room for growth if it goes up by $4! The bold ones can imagine the 1x room to grow!
However! Given that ZRO and ZK are similar in terms of airdrops, their FDV valuations are currently similar. If you are not optimistic about the project, you can buy it at a low price during volatility for short-term speculation.
At present, ZRO has clearly stated that there are 6 market makers entering the market. I feel that 6 is too many. Is the VC market so generous? How will the price go under their control? I don’t know. What do you think?
Finally, LayerZero just announced the launch of a donation certificate. When users receive ZRO tokens, they must donate 0.1 USDC, USDT or native ETH for each ZRO. WTF? The project team is grabbing the wool and pulling it to the end. Are they crazy about money? ! After seeing this news, I really don’t think ZRO is good. I will continue to track the launch of ZRO in the future. Friends can follow me and report to you immediately if there is any important news!
#ZRO #LayerZero #ZK
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