After its June 20 launch, ZRO surged 15.15% within just 20 minutes before sharply tumbling 22% as people debated whether the donation mechanism was genius or just an excuse for a “tax.”
Cross-chain interoperability protocol LayerZero’s newly launched token LayerZero (ZRO) has fallen 17% a day after its launch as its founder defende a controversial donation criterion for claiming tokens, which some have likened to a “tax.”
Some people disagree and think the mechanism could be a right step to solving issues plaguing recent token airdrops.
Upon its launch on June 20, ZRO surged 15.15% to $4.71 within just 20 minutes before tumbling 22% within two hours, a pattern often seen in token airdrops as claimants dump their newly acquired tokens.
