What is ZRO
Tokens
1. Project Introduction
LayerZero ($ZRO) is a cross-chain interoperability protocol designed to enable seamless cross-chain communication and allow assets and data to flow freely across chains. It provides an efficient, secure, and scalable solution through Ultra Light Nodes (ULN), relayers, and oracles.
Summary: LayerZero addresses one of the most pressing challenges in the blockchain field by enabling seamless communication between different blockchains. Unlike traditional blockchain bridges, LayerZero innovatively adopts Ultra Light Nodes, relayers, and oracles to offer a more efficient, secure, and scalable solution. This creates a more unified ecosystem for decentralized applications (DApps), thus propelling the development of Web3 sectors such as DeFi, NFTs, and gaming.
2. Team & Investment Info
Developed by LayerZero Labs, a tech startup based in Vancouver, British Columbia, the LayerZero protocol was launched in September 2021. LayerZero Labs was founded by three University of New Hampshire alumni – Bryan Pellegrino, Caleb Banister, and Ryan Zarick earlier the same year. Pellegrino is the CEO of the startup, Banister is the Principal Engineer, and Zarick is the CTO.
Funding: LayerZero has raised approximately $263 million from investors, including Sequoia Capital, OpenSea, Uniswap (UNI), and PayPal, along with over 40 other institutional investors.
3. Social Media URLs
X: https://x.com/LayerZero_Labs
Telegram: https://t.me/joinchat/VcqxYkStIDsyN2Rh
Discord: https://discord-layerzero.netlify.app/discord
Medium: https://medium.com/layerzero-official
4. Token Info
Token Symbol: ZRO
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0x6985884C4392D348587B19cb9eAAf157F13271cd
Token Distribution:
Community: 38.3%;
Strategic Partners: 32.2%;
Core Contributors: 25.5%;
Token Repurchase: 4%.
5. Related Links
Official Website: https://layerzero.network/
GitHub: https://github.com/LayerZero-Labs/LayerZero-v2
Other Info: https://layerzeroscan.com/
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
