Bittime - On the first day of launch, the LayerZero Foundation announced the unlocking of 25% of ZRO tokens for distribution to TGE, RFP, foundations, and communities. June 20, 2024 is the final date to apply.
LayerZero Foundation Announces 25% Opening of ZRO Tokens
Odaily reports that the LayerZero Foundation has announced that on the first day of launch, 25% of ZRO tokens will be unlocked. The Token Generation Event (TGE) will account for 8.5 percent of this total.
With 11% available for future RFPs and Snapshots; The LayerZero Foundation will receive 5%, and community members will receive 0.5 percent. Applications open on June 20 at 19.00.
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LayerZero Foundation Celebrates ZRO Token Unveiling
LayerZero Foundation and its community celebrate the unveiling of the ZRO token. To ensure fair distribution, token distribution has been carefully planned. Allocating 8.5 percent to TGE, 11 percent to future RFPs and Snapshots, and 5 percent to the LayerZero Foundation shows the organization's commitment to the project and its community.
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Registration process opens on June 20, 2024
The Foundation recognizes the importance of community by giving 0.5% to community members. The registration process opens on June 20, 2024 to allow community members to participate in this project. The announcement made by the LayerZero Foundation is an important step towards implementing its project and shows its commitment to its community.
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Conclusion
On the first day of launch, the LayerZero Foundation announced the unlocking of 25% of all ZRO tokens. Of this amount, 8.5 percent is allocated to Token Generation Events (TGE), while 11% is allocated to future Snapshots and Requests for Proposals (RFP). 5% of the tokens will be given to the foundation, and an additional 0.5% will be given directly to community members.
The LayerZero Foundation confirmed its commitment to fair distribution and community involvement in its projects in this announcement. One of the important steps in their project is the start of the registration process to participate on June 20, 2024 today.
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Read more:
LayerZero Foundation Ready to Announce Big News on June 20th
LayerZero Ready to Rock the Crypto World with Big $ZRO Token Announcement!
LayerZero's ZRO Token Launch: Claims Open Today at 19.00
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