2024-06-23
ZRO is the native token of the
LayerZero protocol, an omnichain interoperability protocol that supports
censorship-resistant messages and permissionless development through immutable
smart contracts.
The total supply of ZRO is fixed at 1 billion tokens, with a community allocation of 38.3%.
LayerZero Foundation has introduced a new claiming mechanism called
Proof-of-Donation, which will result in up to $18.5 million donated to Protocol Guild, a collective funding mechanism for Ethereum’s Layer 1
R&D developers.
Claims for ZRO opened on June 20, 2024,
at 11:00 AM UTC.
Proof-of-Donation required users to donate $0.10 in
USDC, USDT, or native ETH per ZRO as a “proof-of-donation” to support the
Protocol Guild.
On June 23, 2024, ZRO was trading at
$2.95 per token.
LayerZero said that Protocol Guild and
Ethereum’s core developers have been contributed to LayerZero’s growth, they
help drive the growth of the EVM, Ethereum’s L2-centric roadmap, and crypto
ecosystem.
By donating to Protocol Guild, eligible recipients show
long-term alignment with the LayerZero protocol and a commitment to the future
of crypto.
