LayerZero to Launch its Token in 2024
- LayerZero will launch its token in the first half of 2024.
- Details regarding the token distribution have not been revealed yet.
- LayerZero’s token will be listed under the symbol ‘ZRO’.
LayerZero, a protocol focused on interoperability and scalability, announced that it will launch its own token, ZRO, in the first half of 2024. This comes after months of intense speculation within the community.
As stated by LayerZero on their Twitter account, the protocol was designed from the beginning to incorporate a native token, ‘visible in the immutable code launched on day one.’
In April 2023, the company behind LayerZero raised $120 million in a Series B funding round, valuing the company at $3 billion.
Uncertain Distribution Details
The LayerZero token is planned for the first half of 2024. The token distribution will likely be done through an airdrop, a method used by many protocols to reward their users, particularly those who supported the project from its early days.
“The token distribution is something we are committed to achieving and we expect it to happen in the first half of 2024,”
stated LayerZero.
However, the specific details of the airdrop have not yet been fully defined. This includes the snapshot date and eligibility criteria for the airdrop.
Historically, such tokens offer governance rights over the future development of the token and the protocol, highlighting the importance of user involvement in the evolution of the protocol.
For those who want to maximize their eligibility chances for the LayerZero airdrop: [AirDrop Link]
