ZRO is the native cryptocurrency of LayerZero, playing a pivotal role in its ecosystem. As a new token gaining significant attention, many investors are curious about ZRO's launch timeline. Below, we explore the ZRO token release date, total supply, and key details about this emerging project.
ZRO Token Launch Date
According to official records, ZRO coin was launched on June 20, 2024. It serves as the native token of LayerZero, a cross-chain interoperability protocol designed to facilitate seamless asset and data transfers across blockchains. LayerZero’s unique technology enhances scalability and security compared to traditional bridging solutions.
Token Distribution Breakdown
- Total Supply: 1 billion ZRO tokens.
Initial Allocations:
23.8% airdropped to the community and developers (238 million tokens).
- 8.5% (85 million tokens) became available on launch day.
- 5% allocated to official bridge users.
- 3% for RFP projects (ecosystem users).
- 0.5% to the community pool.
- Remaining tokens are vested over 36 months, with incremental releases every 12 months.
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Key Features of ZRO Token
- Governance: Holders can vote on protocol upgrades.
- Staking Rewards: Users earn incentives for staking ZRO.
- Ecosystem Access: Enhances eligibility for future airdrops and benefits.
- Cross-Chain Utility: Powers secure transactions across LayerZero-supported chains.
Market Performance Highlights
- Current Price: $2.79 (as of latest data).
- All-Time High: $34.57.
- Market Cap: $50.35 billion.
Why LayerZero Stands Out
- Innovative Tech: Uses decentralized validator networks (DVNs) for trustless cross-chain messaging.
- Team Expertise: Developers hail from Google, MIT, and other top tech institutions.
- Investor Backing: Supported by Coinbase Ventures, Binance Labs, and Pantera Capital.
FAQs About ZRO Token
Q: What is LayerZero’s primary goal?
A: To enable seamless connectivity between blockchains, supporting both EVM and non-EVM systems.
Q: How does ZRO token gain value?
A: Through ecosystem growth, staking demand, and increased adoption of LayerZero’s cross-chain solutions.
Q: Is ZRO a high-risk investment?
A: As a new project, ZRO carries volatility. Investors should assess market conditions carefully.
👉 Explore LayerZero’s roadmap and future developments
Final Notes: While ZRO shows promise, its nascent stage warrants cautious evaluation. Always research before investing.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.