LayerZero Debuts ‘Proof-of-Donation’ Claiming Mechanism, Here’s All
Highlights
- LayerZero introduces a 'Proof-of-Donation' system, enabling ZRO token claims through small donations to Protocol Guild.
- Donations support Ethereum developers, with LayerZero Foundation matching contributions up to $10 million.
- Successful airdrop followed by ZRO token listings on major exchanges like Binance and Upbit, trading starts June 20.
LayerZero is implementing a new “Proof-of-Donation” system for claiming ZRO tokens. Through this system, users can claim ZRO by making a small donation of $0.10 per ZRO token, payable in USDC, USDT, or ETH. These donations will go directly to Protocol Guild, an organization that funds Ethereum developers. LayerZero Foundation will match all donations up to $10 million, resulting in $18.5 million being donated to Protocol Guild.
LayerZero’s Protocol Guild and Ethereum Support
LayerZero has introduced a new “Proof-of-Donation” claiming process, resulting in a substantial $18.5 million donation to ProtocolGuild, a funding collective for Ethereum developers. The ProtocolGuild and Ethereum’s core developer teams have played a vital role in LayerZero’s growth, driving the adoption of the Ethereum Virtual Machine (EVM), Ethereum’s Layer 2 roadmap, and the broader crypto ecosystem.
By donating to ProtocolGuild, eligible recipients demonstrate long-term alignment with the LayerZero protocol and commitment to crypto’s future. To claim ZRO tokens, users must donate $0.10 in USDC, USDT, or native ETH per ZRO token.
These small donations go directly to ProtocolGuild, a non-profit organization dedicated to supporting Ethereum’s core researchers and developers. The donations received will be vested over four years, as per ProtocolGuild’s on-chain contracts. Notably, the LayerZero Foundation will match all donations up to $10 million.
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Airdrop Details and Market Response
LayerZero, an omnichain interoperability protocol, conducted an airdrop for its native token ZRO. The airdrop had a 25-minute window for core participants to claim up to 5,000 tokens, followed by a 5-minute window for participants who responded to requests for proposals (RFPs) to claim up to 10,000 tokens.
Participants had to verify their eligibility on the LayerZero eligibility checker before participating. The reward structure offered 3 times the tokens for early transactions, an additional 10 ZRO for late transactions, and an 80% reduction in tokens allocated to potential Sybil accounts.
Interestingly, the team attempted to include Sybil hunters in the airdrop checker portal to ensure fair allocation. Following the successful airdrop, major cryptocurrency exchanges like Binance and Upbit announced listings for LayerZero’s ZRO token, allowing users to start trading it on June 20th.
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