Stargate initiates vote on amendment to LayerZero token distribution plan, intending to increase the distribution ratio for veSTG holders
On May 31st, the Stargate Foundation initiated a vote to revise the LayerZero token distribution plan. The revision proposes to increase the distribution ratio for veSTG holders from the original 20% to 25%. The distribution ratios for cross-chain bridge usage and partnership agreements are reduced to 40% and 15%, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Caroline Ellison Faces Sentencing Today in FTX Fraud Case
In court, Ellison’s lawyers stressed her remorse and acceptance of responsibility, noting the emotional toll from Bankman-Fried’s behavior.
SEC Sues Green United for Alleged Crypto Mining Fraud
The SEC also claims that the devices sold were actually Bitcoin mining rigs, but none of the investors ever received Bitcoin either.
BTC price support at $62K must hold if Bitcoin bears step in — Traders
Mango Markets mulls $500K CFTC settlement amid ‘ongoing’ investigation