LayerZero’s New Token Launch Sparks Controversy Over Donation Requirement, Drops 17% in Value
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LayerZero’s newly launched token, LayerZero (ZRO), has fallen 17% since its debut, amid controversy over its donation criterion for claiming tokens, which some critics liken to a “tax.” However, others believe this mechanism could address issues seen in recent token airdrops. Upon its launch on June 20, ZRO spiked 15.15% to $4.71 within 20 minutes before plunging 22% in two hours, a common pattern in token airdrops as recipients quickly sell off their tokens. ZRO’s launch included a unique twist: users must donate a small amount per ZRO token to claim them. “To claim ZRO, users must donate $0.10 in
Source: CryptoIntelligence
