We are thrilled to share that (ZRO) is now listed on Coinhako!

What are LayerZero and ZRO?

LayerZero is an omnichain interoperability protocol enabling secure communication and transactions across multiple blockchains. It supports seamless cross-chain message passing, breaking down silos in blockchain applications. LayerZero enhances dApp utility and scalability, fostering collaboration in the blockchain ecosystem. 

The $ZRO token governs the LayerZero protocol, incentivizing participation and allowing holders to influence protocol decisions. Users can stake $ZRO for rewards, encouraging long-term investment and active involvement in the ecosystem.

There is a total supply of 1,000,000,000 ZRO  and ZRO has traded for US $5.57 at its peak. 

How does LayerZero work?

LayerZero enables secure cross-chain communication using Ultra Light Nodes (ULNs), lightweight smart contracts on various blockchains. Its architecture relies on oracles for accurate data and relayers to verify historical data before updating endpoints. This system efficiently transfers messages and transactions between blockchain networks. 

Ultra Light Nodes (ULNs) are key to LayerZero's interoperability. These endpoints on each blockchain facilitate cross-chain communication. When initiated, transactions pass through source and destination ULNs, which validate them using block headers and proofs. This approach ensures security and efficiency while minimizing computational resources. The lightweight design makes LayerZero scalable and cost-effective, especially on expensive Layer 1 blockchains like Ethereum.

Why does LayerZero stand out?

LayerZero's technology offers practical benefits:

1. Enhanced Liquidity: Enables seamless cross-chain asset transfers, improving DEX and DeFi platform liquidity. 
2. Improved Security: Uses oracles and relayers to validate transactions securely, reducing hack risks. 
3. Cost Efficiency: Lightweight ULNs operate efficiently on high-cost blockchains, lowering transaction fees. 
4. Interoperability: Supports native cross-chain transactions, fostering collaboration and complex DeFi application development.

What can you do with ZRO on Coinhako?

ZRO will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
2. Purchase ZRO instantly with Visa / Mastercard 

Please note that the sending and receiving of ZRO will not be available for this release.

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.