LayerZero

Key Points:<ol><li>LayerZero announces native token launch, targeting H1 2024.</li><li>$3 million ZRO tokens allocated for a fair community distribution pool.</li><li>3.4 million users interact with LayerZero, marking significant growth.</li></ol>LayerZero, a leading blockchain interoperability project, has officially announced its foray into the world of native cryptocurrency with plans to launch a token in the coming months. The project, renowned for its focus on inter-blockchain communication, revealed on December 7 its commitment to introducing a proprietary token, with distribution set to take place in the first half of 2024.In an effort to ensure a fair and inclusive distribution process, LayerZero has earmarked $3 million worth of ZRO tokens to a dedicated community distribution pool. The project emphasized its dedication to executing the distribution flawlessly, underscoring the importance of getting it “right.”Eligibility for participation in the token airdrop is linked to user addresses that have conducted more than ten transactions on the Ethereum mainnet between Q1 2023 and Q3 2023. The exact distribution amounts will be determined based on individual wallet activity during this period.To facilitate user engagement, LayerZero has opened pre-registration, which will remain active until December 15, 2023. The sign-up process is user-friendly, allowing individuals to connect with popular wallets such as MetaMask, Coinbase Wallet, Trust Wallet, Binance Wallet, or through QR Code via WalletConnect.<h2 id="header-0">LayerZero’s Inter-Blockchain Communication Focus</h2>LayerZero distinguishes itself as a project with a primary focus on inter-blockchain communication, employing an innovative Ultra Light Node (ULN) and decentralized oracle networks to facilitate seamless messaging between different blockchains. This capability enables developers to create cross-chain applications, fostering interoperability in the decentralized finance (DeFi) space.The project boasts an impressive user base, with notable DeFi services like SushiSwap, Stargate Finance, Radiant Capital, and Trader Joe leveraging LayerZero for cross-chain functionalities. The LayerZero network currently supports bridges for popular assets such as USDC, BTC.B, and Aptos, along with a robust testnet bridge._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/layerzero-unveils-plans-for-native-token-launch-commits-3-million-to-community-airdrop/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a><a href="https://cryptosnewss.com/shiba-inu-sets-crypto-ablaze-shibarium-burn-consumes-8-24-billion-shib-tokens/" rel="noopener noreferrer nofollow"> </a>on December 8, 2023.

LayerZero Unveils Plans for Native Token Launch, Commits $3 Million to Community Airdrop

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