Token ZRO economics and airdrop distribution organized! LayerZero hints at official currency launch on 6/20

Full-chain interoperability protocol LayerZero has become one of the most anticipated airdrop projects this year due to its valuation exceeding US$3 billion. After the official completed the first phase of airdrop snapshots in early May, and then launched the "Witch Self-Reporting Plan" to vigorously search for witch accounts, the official finally hinted at a clear time when the currency may be issued.

LayerZero hints at something big on 6.20

Early this morning, the LayerZero Foundation uploaded a picture with "06.20.2024" printed on it. Since the foundation usually manages project token management and other matters, it has been widely This is considered to be a signal that LayerZero will issue coins on June 20.

On the 7th, LayerZero CEO Bryan Pellegrino also said that although the Witch review work has not yet been completed, he emphasized that the airdrop will definitely take place in June.

CEO announces token economics and potential distribution

Earlier, CEO Bryan Pellegrino announced $ZRO’s token economics and possible airdrop distribution. He explained $ZRO’s token economics and potential airdrop distribution. The total supply is 1 billion, and 23.8%, or 238 million, will be airdropped to the community and developers. 8.5% of the tokens will be circulated on the first day, allocated to:

• Official bridge users: 5%

• RFP projects (i.e. Ecological users): 3%

• Community pool: 0.5%

The majority of the remainder will be distributed within the next 36 months , with additional retroactive allocations made every 12 months. This means that of the 238 million $ZRO airdropped, 85 million were circulated on the first day of listing, and the remaining 153 million began to be unlocked 12 months later.

Next, Bryan Pellegrino said that since the number of witches and RFPs had not yet been finalized, they conducted four allocation simulations. One of the examples is as follows (the following is the allocation of 25min, model2):

• Total number of qualified wallets: 823,376 (the pass rate before the witch hunt was 27.44%, and after hunting 1 million witches, the pass rate was 41.16%)

• obtained Number of wallets with 25-100 $ZRO: 694,774 (total: 30,491,067.23 tokens)

• Number of wallets with 100-1000 $ZRO: 122,448 (total: 29,352,999.82 tokens)

• Number of wallets that have obtained 1,000-10,000 $ZRO: 5,997 (total: 11,420,971.35 tokens)

• Wallets that have obtained more than 10,000 $ZRO Number: 157 (Total: 3,734,961.60 tokens)

The OTC price exceeded 7 US dollars

Although $ZRO has not yet been officially launched, it has been launched on Kucoin and Whale Market The platform's pre-market market is open for trading. According to Kucoin data, the latest transaction price of $ZRO is US$7.07, and the average transaction price is US$6.047. If calculated based on the average price, it means that LayerZero’s FDV is approximately US$6 billion, exceeding Wormhole’s ($W) FDV of US$4.5 billion.

At the same time, this also means that the airdrop income will be presented as follows:

• Ministry guarantee: 150–600 US dollars (tokens 25-100)

• Medium: $600–6000 (100–1000 tokens)

• High quality: $6000–60,000 (1000–10,000 tokens)

• High-quality products: more than 60,000 US dollars (more than 10,000 tokens)

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