LayerZero Labs Launches $ZRO Token with Major Airdrop and June 20 Exchange Listings

Jun 20, 2024, 08:41 AM

LayerZero Labs has launched its $ZRO token, with the claim checker now live. The airdrop will distribute nearly 24% of the token's supply to 1.28 million wallets, excluding one million suspected of sybil activity. The token will be listed on major exchanges including Binance, Coinbase, and Upbit. The listing on Bybit will commence on June 20, 12 PM UTC, with deposits and withdrawals available via the ETH and ARB chains. Additionally, the $ZRO token will be available for trading on various platforms such as Bebop, Trader Joe, and WOO X. The airdrop has generated significant interest, with entities like Yield Yak and Frax Finance participating. The total supply of $ZRO is 1 billion, with 85 million circulating on the first day. LayerZero has allocated specific percentages for future snapshots, RFPs, and the LayerZero Foundation. The airdrop has been praised for its execution and the inclusion of multiple blockchains including Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, and Avalanche.