- 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.
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.
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.
