Here’s what you need to know about LayerZero ZRO token airdrop

Source Fxstreet
  • LayerZero Labs CEO Bryan Pellegrino released details of the upcoming ZRO token airdrop in a recent tweet. 
  • ZRO total supply is 1 billion of which 23.8% will be directly allocated to the community and builders. 
  • LayerZero announced June 20 as a key date, it remains unclear whether this is the airdrop or entitlement date. 

LayerZero, a project that enables data transfer across blockchains is set to airdrop ZRO token to eligible users. The project’s CEO shared details in a recent tweet on X. 

ZRO token’s total supply is 1 billion. 8.5% of the supply will be allocated on the first day. 

LayerZero Labs releases calculations for ZRO token airdrop

Bryan Pellegrino, the CEO of LayerZero Labs released his calculations on the ZRO token airdrop in a tweet on X. 

Per the tweet, ZRO has a supply of 1 billion of which 23.8% is reserved for allocation to community and builders. 23.8% excludes foundation, growth and other heads. 8.5% of the tokens allocated to community and builders will be distributed on the first day of airdrop, the rest of the tokens will be allocated within three years. 

The project plans an additional allocation every 12 months, and some forward looking Request for Proposals (RFPs) will be provided for builders in the ecosystem. 

The CEO’s tweet does not mention a timeline for the airdrop. 

LayerZero Labs mentioned June 20 as a key date for the project in an official announcement. It remains unclear whether this is the airdrop date or entitlement date. Entitlement refers to calculation of eligibility and points to determine whether a user will receive the project’s airdrop and how many tokens they are entitled to.  

ZRO token has been prelisted in Bitget exchange, the last traded price on the OTC desk is 6.66 USDT. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Experts Warn Fed Against Rate Cuts Despite 99% Market ConfidenceWhile Wall Street may be convinced the Federal Reserve (Fed) is about to slash interest rates, many experts argue the hard economic data says otherwise.
Author  Beincrypto
Sep 04, Thu
While Wall Street may be convinced the Federal Reserve (Fed) is about to slash interest rates, many experts argue the hard economic data says otherwise.
placeholder
Gold edges higher as Fed rate cut bets undermine USD ahead of NFP dataGold (XAU/USD) edges higher during the Asian session on Friday and looks to build on the overnight bounce from the vicinity of the $3,500 psychological mark.
Author  FXStreet
Sep 05, Fri
Gold (XAU/USD) edges higher during the Asian session on Friday and looks to build on the overnight bounce from the vicinity of the $3,500 psychological mark.
placeholder
US Dollar Index treads water above 98.00 ahead of Nonfarm PayrollsThe US Dollar Index (DXY) is trading around 98.10 during the early European hours on Friday after recovering recent gains from the previous session.
Author  FXStreet
Sep 05, Fri
The US Dollar Index (DXY) is trading around 98.10 during the early European hours on Friday after recovering recent gains from the previous session.
placeholder
Forex Today: US Dollar remains within weekly range ahead of employment dataThe action in financial markets quiet down early Friday as investors stay on the sidelines ahead of the highly-anticipated August employment report from the US.
Author  FXStreet
Sep 05, Fri
The action in financial markets quiet down early Friday as investors stay on the sidelines ahead of the highly-anticipated August employment report from the US.
placeholder
EUR/USD picks up amid a brighter sentiment ahead of the US NFP releaseThe EUR/USD pair is trading moderately higher on Friday, currently at 1.1677, but still on track for its second consecutive negative week.
Author  FXStreet
Sep 05, Fri
The EUR/USD pair is trading moderately higher on Friday, currently at 1.1677, but still on track for its second consecutive negative week.
goTop
quote