LayerZero (ZRO) To Launch In South Korea; Here Are The Details  

• 1 LayerZero token is all set to be launched in the South Korean market with different trading pairs. 
• 2 Upbit, OKX, and Bithumb will list the new tokens with different trading pairs. 
• 3 Deposit/ withdrawal and transaction details on LayerZero tokens are provided by the cryptocurrency exchange   

On June 20, Cryptocurrency exchanges including Upbit, OKX, and Bithumb announced the launch of the LayerZero (ZRO) market in South Korea. The token will be available with different trading pairs including Bitcoin (BTC), Tether (USDT), and Korean Won (KRW).      

Upbit, OKX, and Bithumb’s Announcement 

Individuals can now deposit, withdraw, or transact ZRO tokens to prepare for trading activities with different pairs. ZRO token emerged as a key player in the crypto space and enhancing interoperability in blockchain technologies.   

Binance, Upbit, OKX, and Bithumb are the main exchanges to list ZRO tokens and take the concept of interoperability to the next level. The token will be listed today on cryptocurrency exchanges including OKX, Binance, Bithumb, and Upbit.  

The exchanges shared the listing details including transaction, deposit, and withdrawal details along with trading pairs offered.      

Transaction/ Deposit/ Withdrawal Details

Upbit in its announcement stated that ZRO tokens will be available in three trading pairs that are ZRO/KRW, ZRO/BTC, and ZRO/USDT. Streaming over the Ethereum network, individuals can begin deposit, withdrawal, and transaction on June 20. 

At press time, BTC was hovering at $65,767.10, after a spike of 0.80% in a day with a market cap of $1,296,502,937,498 and $19,295,637,441 in 24-hour volume.  

ZRO transaction support information I Source: Upbit  

Furthermore, individuals can’t buy the tokens for approximately 5 minutes after transaction support, and sell orders below $2.17 are restricted. Moreover, deposit and withdrawal are scheduled for 17:00 PM and transactions will be available by 21:00 PM.  

Bithumb, alternatively offers the ZRO token with a KRW trading pair and supports different blockchain networks including Ethereum and Arbitrium One. The exchange is currently not supporting any other network to make any deposit or withdrawal.  

Individuals are requested to begin trading after 5 minutes of offering. As of now, Bithub would restrict sell orders below 10% and Above 100%.

OKX, on the other hand, listed the token on its perpetual futures market on June 20 at 12:30 PM (UTC) with the ZRO/USDT trading pair. Also, margin trading and Simple Earn for ZRO would go live from 4:00 AM (UTC) on June 21. 

Apart from this, LayerZero Foundation also announced the ZRO airdrop which will offer 23.8% of the total supply to the community and builders.       

LayerZero ZRO Airdrop 

LayerZero Foundation announced the ZRO token airdrop for which June 20 was set as the last date for registration. The platform offered the crypto community an eligibility checker which requires a wallet address for further eligibility details.  

According to LayerZero Foundation’s CEO, Bryan Pellegrino 1.28 Million wallets are qualified for the airdrop. Emphasizing the misuse of the system, Pellegrino also requested the individuals to make manual registrations to stay safe from any kind of financial risk.    

The token has a total supply of 1 Billion, out of which 23.8% was reserved for airdrop.  

Disclaimer

The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.

Nancy J. Allen

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.