LayerZero Token Claiming Period Ends, Redistribution to Follow

LayerZero Token Claiming Period Ends, Redistribution to Follow

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Closing of LayerZero Token Claiming Period
  2. LayerZero's Future Expansion and Integration Plans
  3. LayerZero Token Redistribution Process

    4. LayerZero has officially closed the ZRO token claiming period. The redistribution of unclaimed tokens to eligible wallets is set to begin.

    Closing of LayerZero Token Claiming Period

    LayerZero officially closed the ZRO token claiming period and announced the redistribution of all unclaimed tokens to wallets that had previously claimed the airdrop. It is important to note that tokens will only be provided to wallets that completed at least one transaction since the TGE event. Inactive and suspected sybil wallets are excluded from participation.

    LayerZero's Future Expansion and Integration Plans

    In June, LayerZero distributed 8.5% of its total 1 billion ZRO supply to users after several rounds of wallet purges. The project is known for its cross-chain asset transfer solutions and recently raised $120 million at a $3 billion valuation. LayerZero currently supports eight blockchain networks, including Ethereum, Avalanche, and Solana, with plans for further expansion.

    LayerZero Token Redistribution Process

    Additional ZRO tokens will only be provided to wallets that have completed at least one transaction on the LayerZero network since the TGE event. Wallets that called ZRO but have not completed any transactions will not be able to participate. Qualified wallets will receive extra ZRO tokens proportionate to their initial allocation, considering the gas fees paid since the TGE event. Tokens not claimed within 30 days will be transferred to the LayerZero Foundation.

    LayerZero continues to develop its services and plans further expansion. Users who missed the initial token claim will have another opportunity to receive their tokens according to the new rules. Stay tuned to project updates for more detailed information.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Sygnum Launches ETH Alpha Fund Targeting 8-10% Annual Returns

Sygnum has launched its ETH Alpha Fund targeting annual returns of 8-10% for professional investors, combining staking with various strategies.

user avatarLuis Flores

Chainlink and Moody's Ratings Complete Crosschain Distribution Pilot

Chainlink and Moody's Ratings have successfully completed a pilot project utilizing the CrossChain Interoperability Protocol to distribute credit information across multiple networks.

user avatarArif Mukhtar

Solana Foundation Plans Custom Rings for Institutions

The Solana Foundation is working on Custom Rings for institutions, expected to provide configurable privacy and auditor access.

user avatarDavid Robinson

Helius Introduces Privacy Rings on Solana Mainnet

Helius has launched Privacy Rings on the Solana mainnet, enabling confidential asset transfers while maintaining transparency.

user avatarMaria Gutierrez

Aave's Governance to Review Proposed Changes

Aave Governance is set to review TokenLogic's proposal regarding reserve factors and its implications for liquidity and supplier incentives.

user avatarJacob Williams

TokenLogic Proposes Changes to Aave's Reserve Factors

TokenLogic has proposed adjustments to Aave's reserve factors across 54 reserves, potentially increasing annual revenue by $35 million.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.