LayerZero Foundation has announced that claims for its native token, ZRO, will open on June 20 at 7 a.m. ET, following the successful launch of its airdrop claim checker page. The token holders will have the privilege of voting on the LayerZero protocol’s fee switch, with an immutable voting contract enforcing a public on-chain referendum every six months.

A fixed supply of 1 billion tokens will be distributed among users, developers, and community members. 38.3% of the total supply will be distributed to the community, while 32.2% will be designated for strategic partners and 25.5% for core contributors. These allocations will be subjected to a three-year vesting period with a one-year lock and a monthly unlock over the following two years.

On the initial day of distribution, 8.5% of the total supply, amounting to 85 million ZRO tokens, will be available for eligible participants. The remaining tokens allocated to the community will be reserved for future distribution programs aimed at fostering ecosystem growth. Additionally, 15.3% of the overall supply is reserved for future distributions to users, protocols, infrastructure builders, and community members through future snapshots and other methods such as Requests for Proposals (RFPs).

The foundation has also repurchased 40 million ZRO tokens, which are pledged to the community bucket. The launch of ZRO tokens has attracted major crypto exchange platforms. The world’s leading exchange Binance has announced ZRO listing and open trading for ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY pairs at 12:00 UTC on June 20. Users can start depositing the token in preparation for trading, with withdrawals opening on June 21.

Moreover, Upbit, South Korea’s largest exchange, announced ZRO listing in its KRW, BTC, and USDT markets, with trading set to begin at 21:00 local time on June 20. Similarly, OKX and Bithumb have also confirmed their plans to list the token. The launch of this airdrop and the subsequent listings represent a significant milestone for LayerZero, reinforcing its standing in the decentralized finance sector.

Backed by a strong community and strategic alliances, the token is expected to make a solid start. The airdrop eligibility was outlined with three main factors — Sybil filtering, Request for Proposal (RFP), and eligibility criteria. LayerZero set stringent measures to eliminate token distributions to Sybil attackers, who create multiple fake accounts to unfairly gain a larger share of free tokens being distributed.

The measures include self-reporting, bounty-hunting, and collaboration with on-chain security firms. LayerZero said it is distributing 3% of the total supply to 211 approved RFPs, which are unique proposals to improve the protocol. Then, every user that transacted on the protocol prior to the snapshot is eligible to receive the airdrop, with a minimum allocation of 25 ZRO and a maximum of 5,000 ZRO, weighted by the amount of protocol fees paid.

All unclaimed tokens at the end of the claim period will be redistributed to those who did claim based on LayerZero Core allocation. The launch of ZRO marks a pivotal step for the protocol, making it publicly owned, immutable infrastructure. The native token has a fixed supply of 1 billion, 38.3% of which will be distributed to its users, developers, and community members.

On Thursday, the first day of distribution, 8.5% of the total 1 billion supply, or 85 million ZRO tokens, will be claimable by eligible participants. The remaining tokens of the community-allocated portion will be reserved for future distribution programs and for ecosystem growth. LayerZero has also designated 32.2% of the total token supply for strategic partners and 25.5% for its core contributors, both subject to a three-year vesting period with a one-year lock and a monthly unlock over the following two years.