Key Points
- Binance announced that it will list LayerZero (ZRO) today.
- Trading will open at 12:00 (UTC) for ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY pairs.
In an official announcement, Binance has just revealed that it will list LayerZero (ZRO) today.
The exchange revealed that trading will open for the following pairs at 12:00 (UTC):
- ZRO/BTC
- ZRO/USDT
- ZRO/FDUSD
- ZRO/TRY
According to the official notes, users can start depositing ZRO in preparation for trading. Withdrawals will open tomorrow June 21, at 12:00 (UTC).
The ZRO listing fee is 0 BNB.
Binance also revealed that the Seed Tag will be applied to ZRO.
The Seed Tag is a way to identify crypto coins that are considered to be riskier and more volatile than other coins. Binance uses Eeed Tags to help users make more informed decisions when investing in cryptocurrencies.
As an important observation made by Binance, the withdrawal open time is an estimated time for users’ reference. They can view the actual status of withdrawals on the withdrawal page.
Also, for users running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
Upbit, South Korea’s largest crypto exchange also announced that it would launch LayerZero (ZRO)’s KRW, BTC, and USDT markets. Trading will begin at 21:00 local time on June 20.
OKX and Bithumb announced that they would launch LayerZero (ZRO) as well.
According to the latest reports, airdrop claims begin today and a total of 85 million ZRO tokens will be distributed to eligible participants.
What is LayerZero (ZRO)?
LayerZero is a technology that enables applications to move data across blockchains, uniquely supporting censorship-resistant messages and permissionless development via immutable smart contracts, according to the project’s official website.
LayerZero reportedly seeks to advance blockchain interoperability, allowing developers to create more versatile and efficient applications.
ZRO is the native token of LayerZero which acts as a governance token, allowing holders to influence the future development and direction of the protocol. ZRO will also be used as a utility token to facilitate transactions and interactions across different blockchain networks.
