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- LayerZero is set to distribute 23.8% of its ZRO tokens to benefit its community and builders.
- The initial distribution will allocate 8.5% of ZRO tokens on the first day, followed by ongoing distributions over a 36-month period.
- LayerZero aims to maintain ecosystem stability and community engagement through a strategic token release plan.
Discover LayerZero’s strategic token distribution plan geared towards ecosystem stability and robust community engagement.
LayerZero’s Comprehensive ZRO Token Distribution Strategy Unveiled
LayerZero’s co-founder, Bryan Pellegrino, has outlined a transparent and fair distribution strategy for ZRO tokens, detailing the community and developer-centric approach that will see 23.8% of ZRO’s total supply allocated to these key stakeholders. The initial phase, set to commence on the first day of distribution, will allocate 8.5% of the tokens, followed by staged releases over thirty-six months.
First Day Allocations: Rewarding Core Contributors and Innovators
On the initial day, 5% of ZRO tokens will be allocated to core contributors, recognizing their fundamental role in the project’s inception and development. A further 3% is reserved for Request for Proposals (RFPs) to spur innovation, while 0.5% will go into the community pool, ensuring active community members are rewarded for their participation.
Long-Term Distribution Plan: Sustaining Ecosystem Growth
LayerZero’s meticulous thirty-six-month distribution plan highlights a steadfast commitment to long-term ecosystem stability and sustained community engagement. Additional token allocations will occur every twelve months, providing steady incentives for ongoing contributions and innovations within the ecosystem.
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Tackling Sybil Attacks: Ensuring Fairness in Distribution
In an effort to uphold fairness, LayerZero has implemented a deweighting mechanism to mitigate Sybil attacks. This system will reduce allocations for fraudulent actors by 80%, aiming to redistribute nearly 10 million tokens to legitimate participants.
Inclusive Allocation: Addressing Early Participants
Despite acknowledging the challenges in identifying the earliest First-Come-First-Serve participants, Pellegrino has assured that all allocations will be addressed comprehensively in the coming week, underscoring the inclusive nature of the distribution process.
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Conclusion
LayerZero’s ZRO token distribution strategy underscores a balanced approach that values community and innovation. The phased release over three years, combined with mechanisms to ensure fair distribution, reflects LayerZero’s dedication to fostering a sustainable and participatory ecosystem. As the initial allocation kicks off, stakeholders can expect a transparent and inclusive process that bolsters the project’s growth and stability.
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