Ethereum

2024

LayerZero

Foundation

<a href="https://bitcoinworld.co.in/coinbase-binance-and-other-top-exchanges-roll-out-trading-support-for-layerzero-zro-altcoin/" title="Coinbase, Binance and Other Top Exchanges Roll Out Trading Support For LayerZero ZRO Altcoin" rel="nofollow"></a>
Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for <a href="https://bitcoinworld.co.in/layerzeros-zro-token-listed-on-major-exchanges-boosting-cross-chain-communication-potential/">LayerZero ZRO</a>, a brand new altcoin native to an “omnichain” project. 
LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” 
On Thursday, the project <a href="https://info.layerzero.foundation/introducing-zro-d39df554a9b7https://info.layerzero.foundation/introducing-zro-d39df554a9b7">launched</a> its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 LayerZero (ZRO) is now live on <a href="https://t.co/CD3RBjtMAO">https://t.co/CD3RBjtMAO</a> &amp; in the Coinbase iOS &amp; Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. 
 — Coinbase Assets <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CoinbaseAssets) <a href="https://twitter.com/CoinbaseAssets/status/1803849029530390888?ref_src=twsrc%5Etfw">June 20, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Both designations alert users to lower liquidity and newer tokens that could be particularly volatile. 
They weren’t the only exchange giants to immediately roll out trading services for the asset: OKX, Bybit, Crypto.com and Bitfinex also listed ZRO on Thursday. 
On Thursday, the LayerZero Foundation also introduced a new claiming mechanism for ZRO called “proof-of-donation” that is designed to support the Protocol Guild, a collective funding mechanism for Ethereum (ETH) development. 
&nbsp;The foundation explains, 
“Protocol Guild and Ethereum’s core developers have been fundamental to LayerZero’s growth, driving the proliferation of the EVM (Ethereum Virtual Machine), Ethereum’s L2-centric roadmap, and the broader crypto ecosystem. By donating to Protocol Guild, eligible recipients show long-term alignment with the LayerZero protocol and a commitment to the future of crypto. 
To claim ZRO, users must donate $0.10 in USDC, USDT, or native ETH per ZRO. This small donation goes directly to the Protocol Guild. The LayerZero Foundation is matching all donations up to $10 million.” 
The governance token, which is already the 90th-ranked crypto asset by market cap, dropped by nearly 20% on its first day of trading and is priced at $3.57 at time of writing.

Coinbase, Binance and Other Top Exchanges Roll Out Trading Support For LayerZero ZRO Altcoin

ItsBitcoinWorld

Other articles published on Jun 23, 2024

Top 5 Airdrops for Beginners

OKX Wallet Integrates with ChainGPT and AITECH

Qubetics Whitelist Launches, Drawing Attention as Chainlink and Cardano Struggle

Understanding ZKsync: An Ethereum Layer-2 Solution

These Are The Top 4 Altcoins That Can Help You Quit Your Job And Retire In 2024

The Shift in Cryptocurrency Preferences in Latin America

Join our free newsletter for daily crypto updates!