LayerZero, a protocol designed for easy communication between blockchains, has launched its token ZRO. The foundation announced the airdrop, went live a few hours later, and shared the methodology with sybil. When the brand was established, it invested 1 billion permanently, of which 38.3% was reserved for the community, 32.2% for partners, and 25.5% for key donors. Approximately 8.5% of the DM 1 billion (i.e. DM 85 million) were claims for ongoing flights.
Airdrop requirements were released today with some eligibility criteria for users. As with other platforms, ZRO holders have the right to vote on platform development projects. Within hours of the launch, major exchanges listed the index, giving the bulls the momentum they needed to end the bearish trade.
Will ZRO Price Regain Momentum or Repicate the Historic Moves ?
Crypto markets have seen a number of crypto launches and token flights on a daily basis. While some are struggling, others are struggling without attracting much attention. In addition, the foundation, which offered a variety of services to traders, began to launch its own brands, which continue to dominate the markets. Therefore, the future of the ZRO price can be determined by the increase in demand in the next few days.
Uniswap is one of the most successful airdrops, with the price of UNI rising more than 4 to 6 times within a few days of release. After that, Sushiswap, 1Inch and a few more were launched, which brought a lot of profit. However, after the bear market in 2022, the most hyped ones are Arbiturm, Blur, Pyth Netwrok, etc. Although this change initially caused some concern, it soon caused prices to drop.
Now, similar releases have begun, and it seems that retailers are starting to take advantage as sales increase dramatically. However, unlike other airdrops, the price hasn't increased significantly, meaning the money can beat the current sale in the first place. Therefore, the following days will be very important for the ZRO price, as the possibility of further double-digit growth remains high if traders use the currency.
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