Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of LayerZero (ZRO) with a seed tag. Trading for LayerZero (ZRO) will commence on June 20, 2024, at 12:00 UTC, according to Binance.
New Trading Pairs
Binance will open trading for the following spot trading pairs: ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY. Users can now start depositing ZRO in preparation for trading, while withdrawals will be available starting June 21, 2024, at 12:00 UTC. The ZRO listing fee is set at 0 BNB.
Smart Contract Information
LayerZero (ZRO) operates on multiple blockchains, and users can find its smart contract on Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, and Avalanche.
Seed Tag Implications
Given the high volatility and risks associated with new tokens, Binance has applied a seed tag to LayerZero (ZRO). This tag indicates that the token is part of an innovative project and may exhibit higher volatility compared to other listed tokens. Users must pass a quiz every 90 days to trade tokens marked with a seed tag, ensuring they understand the associated risks.
About LayerZero
LayerZero is a permission-less Omnichain interoperability protocol, enabling seamless communication between different blockchains. However, potential investors should be aware that ZRO is a relatively new token and may be subject to high price volatility.
Trading Restrictions
Trading of the new pairs is subject to eligibility based on the user’s country or region of residence. Currently, residents of Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States, and any non-government-controlled areas of Ukraine will not be able to trade these pairs. This list may be updated periodically due to changes in legal and regulatory requirements.
Important Notes
Binance advises users to exercise sufficient risk management and conduct thorough research before trading ZRO. The exchange also reserves the right to amend or cancel the announcement at any time without prior notice. Digital asset prices are subject to high market risk and price volatility, and users are solely responsible for their investment decisions.
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