Binance to List LayerZero (ZRO) with Seed Tag on June 20, 2024

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.

Image
source:
Shutterstock