LayerZero Token Claiming Period Ends, Redistribution to Follow

LayerZero Token Claiming Period Ends, Redistribution to Follow

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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.

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