LayerZero CEO Attributes ZRO Token Stability to Anti-Bot Measures and User Engagement

Quick Summary:

LayerZero CEO, LabsBryan Pellegrino, has credited the relative stability of the project’s ZRO token to the implementation of robust anti-bot measures and a focus on rewarding dedicated users.

However, Pellegrino defended the decision, stating that the donation requirement was designed to further ensure that only committed users, rather than bots or speculators, would claim the tokens.

These measures have helped LayerZero filter out opportunistic traders and bots that might otherwise flood the market with airdropped tokens, causing sharp declines in value.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: LayerZero CEO Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 15:05:36 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22426945

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