Coin Edition -
- Bryan Pellegrino reveals LayerZero’s plan to allocate 23.8% of ZRO tokens to the community and builders.
- Initial distribution will see 8.5% of ZRO tokens allocated on the first day, with subsequent allocations over 36 months.
- LayerZero’s strategy includes a 36-month token release plan to support ecosystem stability and ongoing community engagement.
LayerZero co-founder Bryan Pellegrino announced the upcoming ZRO token distribution process, emphasizing transparency and fairness for the LayerZero community and builders.
A couple things. Final model –25 min, 5k max core5 min, 10k max RFP x3 for all early tx, +10 ZRO for late, -80% deweight for valuelessSybil hunters — wanted to include you in the checker portal today but tagging FCFS earliest for all hunters is quite the task — it will…— Bryan Pellegrino (臭企鹅) (@PrimordialAA) June 19, 2024
Pellegrino previously stated that 23.8% of the ZRO token supply would be directly allocated to the community and builders. The initial distribution will see 8.5% of the tokens released on the first day, including 5% for core contributors, 3% for Request for Proposals (RFPs), and 0.5% for the community pool.
The remaining tokens will be distributed over the next 36 months, with additional retrospective allocations every 12 months. Forward-looking RFPs for builders are also part of the distribution strategy.
Ok let's talk some numbers.23.8% of the supply is going directly to the community and builders. This does not include foundation, growth, etc. Directly to community.8.5% of this is being distributed day 1 (5% core, 3% RFP, 0.5% community pool)The majority of the remainder…— Bryan Pellegrino (臭企鹅) (@PrimordialAA) June 14, 2024
This allocation plan highlights the importance of the LayerZero community and builders in the project’s growth. On the first day, core contributors will receive 5% of the tokens, acknowledging their pivotal role in the project’s development.
Additionally, 3% of the tokens are set aside for RFPs, incentivizing innovation within the ecosystem. A 0.5% allocation to the community pool ensures that active participants are rewarded.
Pellegrino underscored the effort to ensure fairness in the distribution process. The plan includes a deweighting mechanism, reducing allocations for Sybil attackers by 80%. This aims to return nearly 10 million tokens to genuine users.
Pellegrino also assured that the distribution process would be inclusive. While acknowledging challenges in identifying the earliest First-Come-First-Serve participants, he emphasized that all allocations would be addressed in the coming week.
The majority of the remaining tokens will be distributed over 36 months. This long-term approach aims to foster sustained growth and stability within the LayerZero ecosystem, supporting continuous development and engagement.
The post Fairness in Focus: LayerZero’s Approach to ZRO Token Allocation appeared first on Coin Edition.