- LayerZero’s ZRO token airdrop requires recipients to donate 10 cents worth of ether (ETH) or a stablecoin for each token they wish to claim.This “proof-of-donation” mechanism is a unique approach in the crypto community, where donations are usually voluntary, and has received mixed reactions from users.
“Giving to Protocol Guild through a donation of $0.10 in USDC, USDT, or Ethereum qualifies users to receive ZRO tokens. This contribution signifies their support for LayerZero’s protocol and dedication to the crypto industry’s advancement.”
“The LayerZero Foundation is matching all donations up to $10 million,” it added.
As a cryptocurrency analyst, I’ve come across the novel concept of a “proof-of-donation” mechanism in some projects. Instead of the more common terminology, I prefer to describe it as a unique approach where users are asked to make a small donation to receive tokens. While crypto donations have become a standard practice and are generally well-received within the developer community, they haven’t been a prerequisite or requirement for users – especially during an airdrop.
Initial responses within the cryptocurrency sphere were varied. Some individuals voiced their dissent towards the action, while others believed it would bolster growth.
Airdrops signify the dissemination of tokens to project participants, often contingent upon their engagement with a specific blockchain or utilization of associated merchandise. LayerZero, an eagerly awaited and prominent airdrop slated for 2024, intends to distribute a total of 85 million ZRO tokens on Thursday.
Approximately half of the allotted supply is reserved for investors and founding team members, with the condition that they must wait for three years before being able to access their shares. Within this three-year period, there is an initial one-year lock during which time the shares cannot be sold or transferred. Following the first year, the remaining two years will see a monthly unlock, allowing them to gradually sell or transfer a portion of their allocated supply each month.
Prior to its official launch on Thursday, ZRO is currently priced at $4.27 during the pre-market futures trading session. Later in the day at noon UTC, investors will be able to trade the token on major crypto exchanges like Binance.
Read More
- CKB PREDICTION. CKB cryptocurrency
- EUR INR PREDICTION
- PBX PREDICTION. PBX cryptocurrency
- IMX PREDICTION. IMX cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- USD VND PREDICTION
- TANK PREDICTION. TANK cryptocurrency
- USD DKK PREDICTION
- ICP PREDICTION. ICP cryptocurrency
- GEAR PREDICTION. GEAR cryptocurrency
2024-06-20 15:14