LayerZero Introduces Unique Proof of Donation Mechanism for ZRO Airdrop
LayerZero, the inter-chain communication platform, announced that beneficiaries of its ZRO token airdrop will be required to pay $0.10 for each claimed token.
This unique “proof of donation” mechanism has sparked mixed reactions within the crypto community.
Mechanism of Proof of Donation
LayerZero has introduced a “proof of donation” mechanism for its ZRO token airdrop, a first in the cryptocurrency space. To claim their tokens, users must donate 10 cents in USDC, USDT, or ETH per ZRO token.
This amount is directly contributed to the Protocol Guild, an organization dedicated to protocol development. The LayerZero Foundation has stated that it will match all donations up to $10 million. This approach aims to demonstrate the long-term alignment of beneficiaries with the LayerZero protocol and their commitment to the future of cryptocurrency.
To claim your ZRO tokens, visit https://layerzero.foundation/claim
Community Reactions
Reactions within the crypto community have been varied. Some users have expressed disagreement with this obligation, arguing that donations should remain voluntary. Others have praised the initiative, believing that it will contribute to development funding and support for blockchain protocols.
ZRO Airdrop Details
The ZRO airdrop is one of the most anticipated events of 2024, with 85 million ZRO tokens available for distribution starting Thursday. Over 50% of this supply is reserved for investors and key contributors, subject to a three-year vesting period, including a one-year lockup and monthly unlocks over the following two years. This mechanism aims to ensure fair distribution and maintain incentives for long-term contributors.
The ZRO token is trading between $4 and $5 at the time of writing this article shortly after its launch.
