$ZRO is the token designed for the governance of the LayerZero protocol. The token has a limited supply of 1 billion. Limiting the token's supply serves to grow its value by making it rare.
LayerZero (ZRO) launched early in 2024 and had its airdrop on June 20, 2024. Its novelty in the crypto space is a plus point because new offerings always generate interest.
Right now, crypto enthusiasts can't wait to explore the LayerZero ecosystem given the hype around it. Owning $ZRO means being able to make the most of the protocol.
A Bit About LayerZero
The LayerZero token facilitates transactions and governance in the project. What is LayerZero, though, and what can you use it for? Allow us to touch a bit on LayerZero to help you understand it's token's value.
In the simplest terms, LayerZero allows blockchains to talk to each other. As advanced as blockchain technology is, it always had one drawback - networks exist in fragments. Every blockchain has it tokens, consensus mechanisms and protocols.
LayerZero makes it easier to pass messages from one network to another. Thanks to its token, $ZRO, users can seamlessly communicate within blockchains.
A powerful decentralization project across multiple networks!CryptoLists.com
The $ZRO token is looking to change cryptocurrency transactions by allowing smooth communication between networks. Although the token's airdropped barely a month ago, it's shaping up to be a worthwhile investment choice.
Of course, you should never invest in a coin you know nothing about. Take the time to learn how the token is handling the current market. You should also check out price predictions.
As of time of writing, $ZRO's price is $4.58, but it has been known to drop to as low as $2.47. Hence, do your research.
Utility of LayerZero?
An important question when a new token is released is, 'What's it good for?' If you are going to spend money buying $ZRO, then you want to be sure you get something from it. So, what are the use cases for the LayerZero token?
As a native token, governance is an obvious utility. The crypto sector is big on community and the voice of the people. It's why projects such as LayerZero allow participation from community members.
They can vote on various decisions, essentially directing the project. When you own $ZRO, you get an official say in what happens with the protocol. For example, you can help set the price. If this sounds like a lot of power, it is. For this reason, you must hold a certain number of $ZRO tokens to participate in governance.
Another area where your tokens come in handy is during transactions on LayerZero. You can use $ZRO to cover the network fees, thus improving efficiency. How does this work? When users transact on LayerZero, they need validators to process them.
The faster this verification happens, the better. Network fees are the incentives used to encourage validators to move along the process. $ZRO serves to boost the user experience on LayerZero, which is a plus side for the protocol.
LayerZero Price details
ETH Contract address: 0x6985884C4392D348587B19cb9eAAf157F13271cd
›› Details & Tokenomics
Advantages of LayerZero
+ The stabilisation of Ethereum price could mean an increase in value for $ZRO+ You can trade $ZRO to earn an income from the token
+ Multiple exchanges offer popular trading pairs for LayerZero, guaranteeing enough options
+ Projections indicate positive price movements for the token, with predictions of as high as $10 by 2025
+ $ZRO opens the doors for users to leverage the opportunities the LayerZero protocol offers
Disadvantages
- LayerZero (ZRO) is a high-risk investment and not the best option for beginners- The absence of a token white paper limits the amount of information available users
- Since it's still new, the LayerZero token continues to suffer erratic price swings
- Potentially high withdrawal fees for $ZRO on some exchanges
- The proof-of-donation system for the airdrop caused negative reactions among some crypto enthusiasts
Costs
▪ Rated at 9/10Have you owned crypto coins before? If yes, then you have an idea of what to expect in terms of fees when using LayerZero (ZRO). Crypto exchanges typically provide this information.
While comparing CEXs and DEXs, you can learn the withdrawal fees a specific one charges. A quick look showed that the lowest you can pay at the moment is 0.033 ZRO and the highest is 3.72 ZRO.
What about wallet fees, you ask? Most wallets are free. However, don't always assume this. Confirm with your chosen wallet to see how much it charges to hold ZRO.
Reputation and Buzz
▪ Reputation rated at 8.5/10▪ Buzz rated at 9.5/10
The $ZRO airdrop was one of the most highly anticipated in the first half of 2024. LayerZero is a unique project with promises to do great things for the crypto industry. So, when it announced a native token, enthusiasts could not wait to see what's in store.
However, the airdrop generated some controversy when some asset holders referred to it as 'not an airdrop.' Why? During the event, LayerZero required you to donate $0.10 per token. Calling it proof-of-donation, this system caused an uproar with some crypto fans saying they never had to pay for an airdrop.
Conversely, a section of holders praised the novel approach, which donated the proceeds to the Protocol Guild, a non-profit dedicated to furthering crypto research. All in all, the stir caused from the airdrop only served to generate more interest in the token and the project as a whole.
After all, there's no such thing as bad press.
FAQ
Is $ZRO available on CEXs and DEXs?
Yes. You will find the LayerZero token on major exchanges, including Binance, Kraken and Uniswap. The token's availability on various exchanges makes it easy to choose the most suitable place to buy, sell or trade $ZRO.
When is the right time to buy the LayerZero token?
Timing a crypto purchase is challenging because you need to consider several aspects. Dollar cost averaging is one of the best ways to decide when to buy the token. Alternatively, set up recurring buys at your preferred exchange to help you acquire LayerZero (ZRO) over time.
Does LayerZero $ZRO have a white paper?
Yep, and you can find it linked on this page in the summary box further up the page.
History of LayerZero
June 20, 2024 - LayerZero's Token Generation Event (TGE) and distribution takes places at a price on listing of $4.45.
July 22, 2024 - $ZRO reaches an all time high of $5.53.
July 25, 2024 - The LayerZero Sybil Bounty program concludes with 10% of tokens rewarded to verified addresses.
Screenshots from LayerZero
More sites where to buy/sell/trade LayerZero
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
LayerZero details and tokenomics
BNB Contract address: 0x6985884c4392d348587b19cb9eaaf157f13271cd
MATIC Contract address: 0x6985884c4392d348587b19cb9eaaf157f13271cd
