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Market News

LayerZero Labs To Airdrop ZRO Tokens Tomorrow

LayerZero Labs has launched an eligibility checker for users who want to participate in the airdrop.

Written By:
Jalpa Bhavsar

Reviewed By:
Dhara Chavda

Last updated: June 19, 2024 7:03 PM
Published June 19, 2024 6:36 PM
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Last updated: June 19, 2024 7:03 PM
Published June 19, 2024 6:36 PM
LayerZero Labs Launches ZRO Token Airdrop

The blockchain messaging protocol developer LayerZero Labs will airdrop ZRO token to qualified users tomorrow. The total supply of ZRO tokens is 1 billion.

In a tweet on X, LayerZero Labs CEO Bryan Pellegrino shared his calculations for the ZRO token airdrop. A substantial 23.8% of the total supply is given directly to the community and builders, separate from the foundation and growth allocations. 

Live. Thank you all for the patience today ❤️ https://t.co/EPYC5OaT3r

— Bryan Pellegrino (臭企鹅) (@PrimordialAA) June 19, 2024

On day one, 8.5% of the this will be distributed, including 5% to core contributors, 3% for the requests for proposals (RFP), and 0.5% to the community pool. LayerZero Labs CEO Bryan Pellegrino said a total of 1.28 million wallets are eligible.

The majority of the remaining supply will be distributed over the next 36 months, with additional retroactive distributions every 12 months. Forward-looking RFPs will also be part of this phased distribution to continuously support builders and foster ongoing development within the LayerZero ecosystem.

LayerZero Labs has launched an eligibility checker for users who want to participate in the airdrop. The airdrop consists of two 5-minute windows for participants who responded to the requests for proposals (RFP) and a 25-minute window for core participants with up to 5K tokens.

Users have to access the official page of LayerZero airdrop to claim $ZRO tokens from the LayerZero airdrop. Then user has to Connect the active crypto wallet by selecting “Connect Wallet” and choosing from the list provided. 

Next, users have to grant necessary permissions without sharing private keys. Then, navigate to “Claim Airdrop,” and follow on-screen instructions to verify information or complete tasks as required. 

Also Read: Bitget lists LayerZero (ZRO) token on its Pre Market

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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