We’re thrilled to announce that LayerZero (ZRO) is now available on Kraken! Funding and trading ZRO funding and trading are live. Add your token to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Make sure to deposit your tokens using Ethereum. Deposits made using other networks will be lost. Got […]
The post Trading for LayerZero (ZRO) starts now appeared first on Kraken Blog.
Layerzero’s native token, ZRO, has been listed on several major cryptocurrency exchanges, marking a significant milestone for the cross-chain communication protocol. Binance, Upbit, Okx, Bybit, Gate.io, Bitget, Kucoin, MEXC, and Woo X have all added ZRO to their platforms, offering various trading pairs. Layerzero distinguishes itself with its innovative approach to cross-chain communication, facilitating the […]
LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue.
LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior.
LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to spend a small amount of money per token to nab their allocation.
These mechanics pushed up the average gas fees on the blockchain, which hit 89 cents, up from its typical less-than-1-cent fee.
After its June 20 launch, ZRO surged 15.15% within just 20 minutes before sharply tumbling 22% as people debated whether the donation mechanism was genius or just an excuse for a “tax.”
Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) fell 17% since its launch amid controversy over its donation criterion for claiming tokens, which some have likened to a “tax.”
Some disagree with the criticism and think the mechanism could be a good step toward solving the issues plaguing recent token airdrops.
Upon its launch on June 20, ZRO surged 15.15% to $4.71 within just 20 minutes before tumbling 22% within two hours, a pattern often seen in token airdrops as claimants dump their newly acquired tokens.
LayerZero's ZRO token airdrop requires a 10-cent donation per token, with the foundation matching up to $10M. Community reactions are split.
The post LayerZero’s ZRO token airdrop with mandatory donations goes live appeared first on Crypto Briefing.
Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.
LayerZero Labs has officially announced that the sybil self-reporting phase of its solution to address sybil activity, or “airdrop farming,” is over.
According to LayerZero, addresses that meet the criteria will receive 15% of their anticipated token allocation, while the remaining 85% will be redistributed to eligible users. Following the review, a total of 803,093 addresses were identified as potential sybil addresses, which will not receive the total token allocation.
Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification.
