ZROLayerZero (ZRO) Price

1.Project introduction

LayerZero is a messaging protocol, not a blockchain. Using smart contracts deployed on each chain, in combination with Decentralized Verifier Networks (DVNs) and Executors, LayerZero enables different blockchains to seamlessly interact with one another.

In LayerZero V2, message verification and execution have been separated into two distinct phases, providing developers with more control over their application's security configuration and independent execution.

Combined with improved handling, message throughput, programmability, and other contract specific improvements, LayerZero V2 provides a more flexible, performant, and future-proof messaging protocol.

2.Team introduction

CEO: Bryan Pellegrino

https://x.com/PrimordialAA

Co-founder：Caleb Banister

3.Investment institution

a16z Crypto, Sequoia Capital, OKX Ventures, Circle Ventures, Samsung Next, OpenSea and Christie's participated in the investment.

4.Token application and distribution

Token distribution:

23.8% airdropped to the community and developers, of which 8.5% of the tokens will be circulated on day one.

5% is allocated to official bridge users,

3% is allocated to RFP projects (i.e. eco-users),

0.5% is allocated to the community pool.

The majority of the remaining will be distributed over the next 36 months, with additional retroactive allocations every 12 months.