We will talk about an important topic in the cryptocurrency market, which is the ZRO coin that was launched today on popular trading exchanges such as the Binance platform and the OKX platform. This currency was expected by many to be on the largest platforms in terms of liquidity and security, so that owners of the ZRO token built on LayerZero would have the opportunity to achieve a return on their investments and consolidate confidence in the project, as was the case with the best currencies for trading: ERN, ZK, OMNI, IO, W , CKB, CORE, SAGA, ULTI, LISTA, BB, REZ, NOT, STRK, ENA and TNSR.
What is LayerZero protocol?
LayerZero is a blockchain interoperability protocol designed to facilitate seamless communication between different blockchains. This allows developers to send messages, transfer data, and issue tokens across multiple blockchain networks, supporting the development of decentralized applications (dApps) on different platforms. The protocol leverages comprehensive contract standards such as OApp, OFT, and ONFT to achieve cross-chain interoperability.
LayerZero ecosystem and its developments
LayerZero has expanded rapidly, supporting over 54 networks and several highly ranked decentralized protocols such as Stargate, Omnisea, and MintDAO. The protocol has facilitated more than 86 million transactions via the blockchain, highlighting its critical role in enabling liquidity and cross-chain interactions.
LayerZero has raised significant funds, including $255 million in a Series B funding round led by notable investors such as a16z, Sequoia, PayPal Ventures, and others. This funding has been pivotal in strengthening the interoperability framework and engaging users.
ZRO currency
As of June 2024, the ZRO token has been listed on major cryptocurrency exchanges, including Binance and Bitget. On Binance, the ZRO token has seen a lot of trading activity and has become very popular among traders. The token's market capitalization is approximately $837.66 million, with a 24-hour trading volume of approximately $460.56 million. The circulating supply is 250 million ZRO out of a total maximum supply of 1 billion ZRO Tokens.
Listing on Binance has given ZRO significant visibility and liquidity, making it accessible to a large and diverse audience of cryptocurrency traders. The listing process on Binance involves a rigorous evaluation, including user demand, security, liquidity, facilities, and regulatory compliance, ensuring that only high-quality projects reach the platform.
In addition, ZRO was also listed on Bitget and the OKX platform, where it was available for pre-market trading, allowing early adopters to acquire the token at preferential prices before it becomes available for spot trading.
Buy, sell and trade ZRO token
To trade, buy and sell ZRO tokens, you need to follow the following steps on major exchanges like Binance and OKX:
Create an account
Binance: If you don't have a Binance account, go to Binance and sign up. You will need to complete the KYC (Know Your Customer) process by providing identification documents.
OKX Platform: Likewise, if you do not have an OKX account, visit OKX and create one. Complete the KYC process as required.
Deposit money
Deposit Fiat Currencies: Deposit fiat currencies (such as USD and EUR) through bank transfer, credit card or other payment methods available on the exchange.
Deposit Cryptocurrencies: If you already own cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH), you can deposit them into your exchange's wallet.
Trade ZRO tokens
Locate a ZRO trading pair: On Binance, search for ZRO trading pairs such as ZRO/USDT, ZRO/BTC, or ZRO/ETH in the exchange's trading interface.
Buy ZRO
Market Order: If you want to buy ZRO immediately at the current market price, select the market order option.
Limit Order: If you prefer to set a specific price at which you want to buy ZRO, use the limit order option.
Sell ZRO: Similar to buying, you can sell ZRO by selecting a trading pair (for example, ZRO/USDT) and choosing a market order or limit order to sell at the price you want.
