CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2024-12-10 20:55:07

Vote to Decide the Fate of Binance-Listed Altcoin Coming Soon

LayerZero (ZRO), an omnichain interoperability protocol, has announced a public vote scheduled for December 19, where ZRO holders will vote on the activation of a fee switch mechanism. According to LayerZero’s official documentation, ZRO holders have perpetual authority over the accumulation and management of protocol fees. An immutable voting contract mandates a public, on-chain referendum every six months to decide whether to enable or disable the protocol’s fee switch. If enabled, the fee switch will allow LayerZero to collect fees equivalent to the costs associated with verifying and executing cross-chain messages. For example, an application using a particular Data Verification Network (DVN) and executor configuration that charges $0.01 for transactions between Arbitrum and Optimism may see LayerZero impose an additional $0.01 fee. Related News: JUST IN: Coinbase Announces the Listing of Two New Altcoins If the referendum is passed, the fees collected will be governed by a financial contract and burned on the native chain, reducing the circulating supply of ZRO tokens and potentially increasing their value. *This is not investment advice. Continue Reading: Vote to Decide the Fate of Binance-Listed Altcoin Coming Soon

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.