TL;DR
- Binance Listing: Binance will list LayerZero’s ZRO with a “seed tag,” indicating potential high volatility and risks, and trading pairs include BTC, USDT, FDUSD, and TRY.
- Upbit & Other Exchanges: Upbit and several other exchanges like Bybit and KuCoin are also listing ZRO, with Upbit offering trading pairs in KRW, BTC, and USDT.
- Token Details & Caution: ZRO operates across multiple blockchains, emphasizing interoperability. Investors are advised to be cautious due to its newness and associated risks.
LayerZero (ZRO), an omnichain interoperability protocol, has garnered significant attention from crypto exchanges following a successful airdrop. Both Binance and Upbit, two major players in the crypto space, have announced their support for listing the native ZRO token.
Starting June 20, users can trade ZRO on these platforms. Binance officially revealed that it will list LayerZero (ZRO) with a “seed tag” applied. This tag is typically assigned to innovative projects that may exhibit higher volatility and risks compared to other tokens.
Binance has unveiled ZRO trading pairs. Now, users can enjoy trading ZRO against popular cryptocurrencies like BTC, USDT, FDUSD, and TRY. Users can begin depositing ZRO tokens at 12:00 UTC on June 20, with withdrawals becoming available 24 hours later, on June 21.
In their announcement, Binance emphasized that ZRO is a relatively new token, carrying elevated risk levels. Traders are advised to exercise proper risk management and conduct thorough research (DYOR) before engaging in ZRO trading.
Upbit Joins the ZRO Listing Trend
South Korea’s leading crypto exchange, Upbit, has also joined the ranks of exchanges listing ZRO. Bybit, Gate, HTX, Bitget, OKX, MEXC, KuCoin, and Bithumb are among the other platforms supporting LayerZero’s token.
Upbit recently announced that it will list LayerZero (ZRO) on trading pairs denominated in KRW, Bitcoin (BTC), and USDT. Deposits and withdrawals for ZRO will be exclusively processed via the Ethereum network. It’s worth noting that Upbit has also set a minimum selling price limit for ZRO.
LayerZero’s ZRO Fully Diluted Valuation and Distribution
LayerZero’s ZRO token operates across multiple blockchains, including Ethereum (ETH), BNB Chain, Optimism (OP), Arbitrum (ARB), Base, Polygon (MATIC), and Avalanche (AVAX). Its focus on interoperability positions ZRO as a key player in the evolving blockchain landscape.
While Binance’s seed tag highlights the token’s potential, it also emphasizes the higher-than-normal volatility and risks associated with ZRO. Investors need to exercise caution due to the unique characteristics of this token.
LayerZero Foundation has initiated the ZRO token airdrop claim process. Bryan Pellegrino, co-founder and CEO of LayerZero Labs, revealed that approximately 1.28 million wallets are eligible for ZRO airdrops.
As ZRO trading starts, the crypto community eagerly awaits its performance. With a fixed supply of 1 billion tokens, LayerZero aims to reward consistent users while navigating the challenges of fair distribution.
In summary, Binance’s listing of LayerZero (ZRO) and Upbit’s participation signal growing interest in this interoperability-focused token. As ZRO enters the market, traders should stay informed and exercise due diligence to make informed decisions.
