BasEx | LayerZero Token Airdrop
LayerZero team announces airdrop
LayerZero team announces airdrop

LayerZero Labs, a company developing the eponymous omnichain protocol, has announced its intention to conduct an airdrop of its own token in the first half of 2024.

"Over the past few months, we have closely monitored discussions in our community and noticed a lack of clarity in communication. Now we clearly state: the LayerZero token will be issued", - says the team's statement.

The developers claim that the possibility of creating their own cryptocurrency was always embedded in the project's code.

The team emphasizes their commitment to the "proper distribution" of the token, noting that the size of the airdrop will depend on participant activity.

Details of the upcoming airdrop remain unknown.

It's worth noting that in April of this year, LayerZero Labs successfully raised $120 million in a Series B funding round, valuing itself at $3 billion.

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