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Title: Controversial Demand for Payment Emerges in Altcoin Airdrop
In a surprising twist, the developers of a newly released altcoin have introduced an unconventional requirement for airdrop to receive tokens.
LayerZero (RO) has taken a significant step in supporting Ethereum developer community with the introduction of Proof of Donation, a new claim mechanism. This innovative is expected to generate approximately $18.5 million in donations for the Protocol Guild, which serves a crowdfunding platform for Ethereum developers.
The growth of LayerZero can be attributed to the efforts of both the Protocol Guild and Ethereum’s core developers. These key contributors played instrumental role in promoting essential aspects such as the Ethereum Virtual Machine (EVM), Ethereum’s Layer 2 roadmap, and fostering overall development within the crypto ecosystem.
Under this new mechanism, users are allowed to claim ZRO, LayerZero’s native token through a donation process. To qualify for ZRO tokens, users must donate $0.10 per ZRO in either USDC, USDT or local ETH.
To demonstrate their commitment and support towards this cause, the LayerZero Foundation has pledged to match all donations up to $10 million.
Trading of ZRO tokens began on spot markets today while Binance –the world’s largest cryptocurrency exchange– listed it on futures transactions as well. At present, ZRO is trading at $3.60.
(*This article does not offer investment advice.)
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