- 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.
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.
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.
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