The LayerZero protocol received backlash for its controversial proof-of-donation mechanism in the ZRO token airdrop, which led to a 20% drop in the token price.
Source: NewsBTC
What is $ZRO Token?
$ZRO Token is the native asset of the LayerZero protocol, an omnichain interoperability protocol supporting censorship-resistant messages and permissionless development through immutable smart contracts called Endpoints.
Analysis of Price Change:
The price change in the $ZRO token could be attributed to the controversy surrounding the proof-of-donation mechanism in the airdrop. Backlash from the crypto community and the perception of the airdrop process may have influenced investor sentiment, leading to a significant price drop.
