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LayerZero (ZRO) Price Stability Linked to These Factors
LayerZero Labs’ CEO Bryan Pellegrino has attributed the success of the project’s native token ZRO to two factors. He hinted at the aggressive combination of Sybil filtering and laser focus on prioritizing developers and “durable” users. He claimed that since the token airdrop on June 20, 2024, the ZRO price has remained steady.
During this time, it has even performed better than tokens of some competing Ethereum Layer 2 networks, zkSync (ZK) and Starknet (STRK), which were airdropped around the same time. Meanwhile, ZRO token holders got the privilege of voting on the LayerZero protocol’s fee switch, with an immutable voting contract enforcing a public on-chain referendum every six months.
LayerZero Introduces “big Sybil hunt” to Curtail Token Farming
At the Korea Blockchain Week, Pellegrino noted that LayerZero did many “very unique” things with its airdrop. One notable achievement was
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