Official statements or financial reports from LayerZero Labs

LayerZero Labs Launches $ZRO Token Airdrop with $0.10 Donation, $4.4 Billion Valuation

Jun 19, 2024, 04:40 PM

LayerZero Labs has launched the airdrop for its $ZRO token, introducing a new claiming mechanism called Proof-of-Donation. To claim their tokens, users must donate $0.10 per $ZRO token to the Protocol Guild, aiming to raise $18.5 million. The $ZRO token is now listed on multiple exchanges, including KuCoin, OKX, and Bitfinex, and is trading at around $4.1 with a fully diluted valuation of $4.4 billion. The total supply of $ZRO is fixed at 1 billion tokens, with 38.3% allocated to the LayerZero community. The airdrop checker is live, and 1.28 million addresses are eligible to claim tokens starting June 20, 2024. The OTC price for $ZRO is between $5 and $7.