Layerzero plans $ 110 million to acquire the Stargate Bridge star-news.press/wp

Layerzero, which supports Layerzero through the correspondence protocol, suggested obtaining the Crypto Stargate Protocol for $ 110 million, which strengthened the symbols associated with both projects.

Layerzero mode Plans In a post to the Stargate Forum on Sunday, where the offer was placed as “designed to accelerate both Stargate and Layerzero, giving Stargate resources to charge an aggressive road map that expands its eminent outside the bridge.”

Layerzero of the premium symbol of the platform, Stargate Finance (STG), said for Layerzero the distinctive symbol of self -title (ZRO) at a rate of 1 Stg to 0.08634 ZRO, he said.

Stargate was developed and launched by Layerzero in 2022, and you will see the deal, if the Stargate community agrees to it, that the platform returns under an umbrella.

Stargate allows users to transfer digital assets via Blockchains using liquidity pools that they already allow the transfer of assets instead of relying on Blockchain bridges, which have a date of penetration.

Stg, ZRO rises on the plan

The symbols associated with platforms both have gained two percentage points from two numbers the day after the Layerzero proposal.

The Layerzero code has gained more than 23 % in the past 24 hours for trading at $ 2.44, making it one of the largest winners in the encryption market last day, per Co RINingCko.

Meanwhile, the Stargate symbol witnessed 24 -hour gains about 16.5 % to a little more than 19 cents, and its gathering extends over the past week.

Each of the two icons decreased significantly from their peaks, as ZRO decreased by 67 % of its highest level in December of $ 7.47, while STG fell more than 95 % of its peak in mid -2012 at $ 4.14.

Boss Layerzero involves the plan as a “unified direction”

The co -founder and CEO of Layerzero Bryan Pellegrino posted on X that he wanted to “move faster, charge faster”.

He said the proposal “will help Stargate to implement the ambitious road map with the creation of one pile that anyone can merge into the ecological system (Layerzero) is its adoption.”

He added that he will give Stg “a more liquid symbol” and will give Stargate “a clear way forward with more resources and one uniform direction.

“It is not attractive at all,” says the distinctive symbol, STG.

However, the deal has generally seen negative reactions from the holders of the Stargate symbol, where some say they understand the need for swap, but the deal is unfair and will not allow wandering.

“The offers are not attractive at all. It does not provide any advantages for STG holders, and the STG revenue sharing system is not available on ZRO. We will only be able to stick to our symbols,” user books.

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user Add This Layerzero “needs to raise its width significantly”, while others He said The show was “mainly defective” and Agreed The width should be higher, and possibly symbolic swap 1: 1, due to “the amount of revenue that the Stargit and the potential of the protocol”.

Another user He said They saw that the need for swap “managing symbols is pain and caused more deviations too much”, while another said that it is “logical to merge” symbols, but they agreed that the deal was unfair because Stg holders will not be able to share the distinctive bonuses.

Stargate He said The proposal will be available to comment for the next seven days. Then the independent independent organization is appointed to the platform, which consists of the distinguished symbol holders, to vote on the deal.

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