Blockchain
Bitfinex lists LayerZero’s native ZRO token, improving blockchain interoperability
Bitfinex, a leading digital asset trading platform, has announced its latest addition to the listing, ZRO, LayerZero’s native token. This move places Bitfinex among the first exchanges to support the token, according to a recent report Press release from society.
LayerZero’s mission and the ZRO token
LayerZero is a pioneering cross-chain protocol that aims to facilitate seamless interaction for decentralized applications across multiple blockchains. The introduction of the ZRO token is a significant step towards improving this ecosystem, offering users new avenues for engagement and innovation.
The ZRO token will play a crucial role within the LayerZero platform. It will function as a governance token, allowing holders to influence the future development and direction of the protocol. Furthermore, ZRO will serve as a utility token, facilitating transactions and interactions across various blockchain networks, thereby improving user experience and simplifying operations.
Bitfinex’s strategic move
Henry Child, Head of Tokens at Bitfinex, highlighted the importance of LayerZero in the blockchain space. “We recognize the importance of LayerZero in promoting interoperability and advancing the capabilities of decentralized applications. The listing of the ZRO token aligns with our mission to support pioneering projects that drive the adoption of blockchain technology,” said Child.
Commercial details
Vaults for ZRO are expected to open around 16:00 UTC on June 18, 2024, subject to network conditions. Trading is expected to begin around 12:00 UTC on June 20, 2024, subject to liquidity requirements being met. The ZRO token will be available to trade against US dollars (ZRO/USD) and Tether tokens (ZRO/USDt).
Interested users can access ZRO on Bitfinex by visiting Bitfinex official website. It is important to note that all users are subject to Bitfinex’s terms of service, which prohibit US citizens and other specified individuals from holding or managing an account on the platform.
About Bitfinex
Founded in 2012, Bitfinex is a leading digital token trading platform offering advanced services for global traders and liquidity providers. The platform provides a suite of trading features, charting tools, peer-to-peer financing, an OTC marketplace, and margin trading for a wide range of digital tokens. Bitfinex is committed to supporting expert traders and liquidity providers with unprecedented tools and innovations.
For more information on Bitfinex, visit their Official site.
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