Ethereum

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LayerZero

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LayerZero is implementing a new “Proof-of-Donation” system for claiming ZRO tokens. Through this system, users can claim ZRO by making a small donation of $0.10 per ZRO <a href="https://coingape.com/glossary/token/" target="_blank" rel="noopener">token</a>, payable in USDC, USDT, or ETH. These donations will go directly to Protocol Guild, an organization that funds Ethereum developers. LayerZero Foundation will match all donations up to $10 million, resulting in $18.5 million being donated to Protocol Guild. 
<h2 id="layerzero-s-protocol-guild-and-ethereum-support">LayerZero’s Protocol Guild and Ethereum Support</h2> 
LayerZero has introduced a new “Proof-of-Donation” claiming process, resulting in a substantial $18.5 million donation to ProtocolGuild, a funding collective for Ethereum developers. The ProtocolGuild and Ethereum’s core developer teams have played a vital role in LayerZero’s growth, driving the adoption of the Ethereum Virtual Machine (EVM), <a href="https://coingape.com/tag/ethereum-layer-2/" target="_blank" rel="noopener">Ethereum’s Layer 2</a> roadmap, and the broader crypto ecosystem. 
By donating to ProtocolGuild, eligible recipients demonstrate long-term alignment with the LayerZero protocol and commitment to crypto’s future. To claim ZRO tokens, users must donate $0.10 in USDC, USDT, or native <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener">ETH</a> per ZRO token. 
These small donations go directly to ProtocolGuild, a non-profit organization dedicated to supporting Ethereum’s core researchers and developers. The donations received will be vested over four years, as per ProtocolGuild’s on-chain contracts. Notably, the LayerZero Foundation will match all donations up to $10 million. 
Also Read: <a href="https://coingape.com/singapore-banks-under-scrutiny-sequel-to-crypto-related-crimes/" target="_blank" rel="noopener">Singapore Banks Under Scrutiny Sequel To Crypto Related Crimes</a> 
<h2 id="airdrop-details-and-market-response">Airdrop Details and Market Response</h2> 
LayerZero, an omnichain interoperability protocol, conducted an <a href="https://coingape.com/glossary/airdrop/" target="_blank" rel="noopener">airdrop</a> for its native token ZRO. The airdrop had a 25-minute window for core participants to claim up to 5,000 tokens, followed by a 5-minute window for participants who responded to requests for proposals (RFPs) to claim up to 10,000 tokens. 
Participants had to verify their eligibility on the LayerZero eligibility checker before participating. The reward structure offered 3 times the tokens for early transactions, an additional 10 ZRO for late transactions, and an 80% reduction in tokens allocated to potential Sybil accounts. 
Interestingly, the team attempted to include Sybil hunters in the airdrop checker portal to ensure fair allocation. Following the successful airdrop, major cryptocurrency exchanges like Binance and Upbit <a href="https://coingape.com/binance-and-upbit-announce-layerzero-zro-token-listing/" target="_blank" rel="noopener">announced listings</a> for LayerZero’s ZRO token, allowing users to start trading it on June 20th. 
Also Read: <a href="https://coingape.com/bitcoin-unrealized-profits-surge-above-120-btc-exchange-volume-tumbles-signs-of-concern/" target="_blank" rel="noopener">Bitcoin Unrealized Profits Surge Above 120%, BTC Exchange Volume Tumbles, Signs of Concern?</a> 
The post <a href="https://coingape.com/layerzero-debuts-proof-of-donation-claiming-mechanism-heres-all/">LayerZero Debuts ‘Proof-of-Donation’ Claiming Mechanism, Here’s All</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

LayerZero Debuts ‘Proof-of-Donation’ Claiming Mechanism, Here’s All

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