Coinbase Binance as well as a number of top cryptocurrency exchanges in the world have rolled out trading support immediately for an entirely new altcoin natively developed by an “omnichain” project.
LayerZero bills itself The project aims to create an interoperability protocol for omnichains. This project is aimed at moving data between blockchains. “censorship-resistant messages and permissionless development through immutable smart contracts.”
The project will be completed on Thursday. launched The new native token is a new cryptocurrency. ZRO. Binance added support Coinbase offers a free seed tag for any asset. assigned the token Labelling an experiment. The labels alert the user to tokens with lower liquidity or newer ones that may be volatile.
Not only did they launch trading for the asset immediately, but other exchange giants also followed suit: OKX, Bybit, Crypto.com You can also find out more about the following: Bitfinex ZRO was also included in the list on Thursday.
The LayerZero foundation also held a Thursday event. introduced A new ZRO claiming mechanism is called “proof-of-donation” This is a tool designed to help support the Protocol Guild (a funding collective for Ethereum).ETH) development.
What is the foundation?
The Protocol Guild, along with Ethereum’s core developer team, have played a crucial role in LayerZero’s rapid growth. They are responsible for the widespread adoption of EVM, Ethereum’s L2-centric road map, as well as the broader cryptocurrency ecosystem. Donating to Protocol Guild shows a long-term commitment to LayerZero and the future of cryptocurrency.
Users must pay $0.10 USDC, US Dollar, or native Ethereum per ZRO. The Protocol Guild receives this small amount of money. “The LayerZero Foundation will match all donations of up to $10,000,000.”
On its first trading day, the governance token dropped almost 20% and was priced at $3.57.
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