- The introduction of LayerZero’s native token in the first half of 2024 has been formally confirmed.
- The news caused metrics for LayerZero ecosystem initiatives to skyrocket.
Blockchain interoperability technology LayerZero has formally announced plans to introduce its native token in the first half of 2024, marking a significant step in the cryptocurrency space. Rekindling enthusiasm in its ecosystem initiatives, the blockchain interoperability protocol which is renowned for its innovative technology is about to award users through an airdrop.
Metrics from a number of LayerZero ecosystem projects increased after the announcement, suggesting a favourable reaction from the market. Notably, the value of tokens belonging to projects that use LayerZero’s technology, such as Radiant Capital and Stargate Finance, suddenly spiked. At the time of writing, Stargate Finance was up 2.8% and trading at $0.57, and Radiant Capital (RDNT) was up 4% and trading at $0.28.
The price increases in these twin projects demonstrate the possible influence of airdrops on the expansion and value growth of related projects.
ZRO, the token of LayerZero, is anticipated to be given out via an airdrop
Airdrop is a much-used and time-tested technique that compensates users for their early adoption and involvement in the protocol’s development.
A tweet from LayerZero states that the distribution of the token is now accepting registrations, which run through December 15th. The amount that is distributed will depend on wallet activity.
It is expected that users interacting with platforms based on LayerZero would receive rewards. Eligibility for the airdrop may be influenced by common behaviours on these sites, such as lending, trading, or borrowing. Nonetheless, LayerZero’s airdrop strategy’s details are still unknown, which heightens the sense of suspense in the LayerZero community as members anxiously await more information on the reward system linked to their network participation.
How to participate in the Layer Zero airdrop?
- Visit the Aptos Bridge at LayerZero X and connect the wallet.
- Bridge resources to and from Aptos now.
- Use other dApps developed on LayerZero, such as Metis Bridge, Pontem LiquidSwap Bridge, Aptos Pancake Bridge, Stargate Bridge, and Bitcoin Bridge.
- Additionally, you can be qualified for an airdrop if you hold or stake “STG” on Stargate. STG is available through Binance.
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
