what is LAYERZERO

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5 Feb 2024
18

LayerZero is an omnichain protocol that enables lightweight message transfer across multiple chains. LayerZero provides authentic and guaranteed message delivery with a configurable solution. LayerZero does not have its own token yet, but it is likely to launch one in the near future as it has raised a total of 173.3 million shards in funding from the likes of Alameda Research and Andreessen Horowitz. LayerZero announced SSL certificate for its website. SSL (Secure Socket Layer) is a security protocol that encrypts information transfer on the internet. However, Arbitrum had previously obtained the same certificate for its own web page ahead of the airdrop, through a process done before the web launch. In this case, speculations were increased that LayerZero would make an airdrop. LayerZero also announced the creation of a foundation. Establishing a foundation means issuing a token. This information alone was enough to excite the crowd. An official airdrop announcement has not been made by LayerZero yet, but according to some sources, it is claimed that the airdrop will be released within 10 days. You May Be Interested In: Coinbase Is Blocked In The Country To participate in the LayerZero airdrop, it is necessary to use document dApps by LayerZero. These include LayerZero X Aptos Bridge, Bitcoin Bridge, Stargate Bridge, Aptos Pancake Bridge, Pontem LiquidSwap Bridge and Metis Bridge. Also, keep “STG” on Stargate or stake it to use the airdrop for a longer period of time. STG token is purchased through Binance.

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