- LayerZero, an open-source omnichain project, has launched a site where users can check their eligibility for the anticipated airdrop.
- The LayerZero Foundation has clarified that eligible users will receive their ZRO tokens starting June 20th.
- Currently, users can verify their eligibility using their Ethereum Virtual Machine (EVM) and Aptos addresses.
Discover your eligibility for the LayerZero airdrop and stay ahead in the omnichain ecosystem with our latest insights.
LayerZero Airdrop: Key Details Unveiled
The LayerZero Foundation has announced the much-anticipated ZRO token airdrop, pivotal for the growth of its expansive omnichain ecosystem. According to the foundation, the airdrop distribution will commence on June 20th, allowing users to start claiming their tokens. This initiative marks a significant milestone for the project, emphasizing its commitment to community and developer engagement.
Comprehensive Token Distribution Plan
LayerZero CEO Bryan Pellegrino disclosed that the total supply of ZRO tokens will reach a billion. Notably, 23.8% of this supply is allocated directly to the LayerZero community and developers, excluding the LayerZero team itself. This strategic allocation highlights the project’s intent to foster a robust and active community. Furthermore, the project plans to release 8.5% of the total token supply on the first day, ensuring rapid initial distribution.
Significant Backing and Valuation
LayerZero Labs made headlines in December by announcing its intent to launch its cryptocurrency. In April, the company secured $120 million in a Series B funding round, led by renowned investors including Andreessen Horowitz, Christie’s, Sequoia Capital, and Samsung Next. This strategic investment round brought the company’s valuation to an impressive $3 billion, underscoring strong market confidence in LayerZero’s vision and technology.
Conclusion
The upcoming LayerZero airdrop marks a crucial step in the project’s journey, emphasizing its commitment to community and developer inclusivity. With a structured and transparent token distribution plan, alongside significant fundraising achievements, LayerZero is well-poised to strengthen its position within the omnichain landscape. Stay updated as the project progresses and as users begin to claim their ZRO tokens starting June 20th.
