LayerZero CEO Reveals Strategies for Stabilizing ZRO Token Price
Publication Time:2024-09-09 15:01:08
Bryan Pellegrino, CEO of LayerZero Labs, stated at the Korea Blockchain Week that through proactive Sybil 'hunting' activities and a focus on developers and long-term users, the price of LayerZero's native token ZRO has remained stable after the airdrop. Pellegrino noted that LayerZero implemented a 'large-scale Sybil hunting' campaign during the airdrop to prevent bots and over-farming, distributing the ZRO tokens to the most loyal users of the network. This strategy, compared to the simultaneous launches of Ethereum L2 Starknet (STRK) and ZKsync (ZK), resulted in a smaller price decline for ZRO. Since its listing, the price of ZRO has only fallen by 23%.
LayerZero
Price Stability
ZRO Token
Sybil Hunting
Long-term Users