The LayerZero Foundation team revealed the details of the airdrop and tokenomics of the ZRO token.
The total supply is 1 billion tokens, of which 38.3% is allocated to the LayerZero community. Strategic partners will receive 32.2% with a linear unlock over three years, 25.5% will go to current and future team members, and 4% of the «buyback tokens» will be allocated to the community.
Of the 383 million ZRO allocated to the community, 8.5% will go to airdrop participants, 15.3% will be directed towards future rewards for protocols and developers, and 5 million ZRO will be distributed among Discord participants.
About 14.5% of ZRO will be managed by the LayerZero Foundation for ecosystem growth, grants, and liquidity provision.
The team also announced the airdrop criteria. The «Sybil hunting» campaign allowed about 10 million ZRO to be «rescued». 3% were distributed among LayerZero-based protocols, and 5.5% will be used to reward participant activity.
The airdrop was distributed based on the fees paid in the protocol. The minimum reward is 25 ZRO, and the maximum is 5000 ZRO. For fair distribution, the following points were considered:
- rewards for transactions under $1 and «unnecessary» NFT tranches were reduced by 80% to prioritize genuine participation;
- early users and those who made transactions after the snapshot received tokens with multipliers.
Users will be able to claim their tokens on June 20, 2024, at 11:00 UTC. LayerZero Labs CEO Bryan Pellegrino stated that all unclaimed tokens will be redistributed among other claimants.
The cryptocurrency exchange Binance announced the upcoming listing of ZRO. Additionally, the LayerZero Foundation introduced a service to check for ZRO token airdrop eligibility.
