Kraken announced that it would list 0G tokens from the 0G Lab on September 22, just days after the project’s token generation event.
summary
- The 0G token was released on September 18th, with a massive airdrop that rewarded early contributors, Discord Community members, Kaito Yappers and one gravity NFT holder.
- 0G Labs has spent more than two years building a modular layer 1 AI blockchain, raising more than $350 million from investors including Hack VC, OKX Ventures, Delphi Ventures, Samsung Next and the Animoca brand.
Kraken has announced that it will list 0G tokens from 0G labs. Trading is scheduled to begin on September 22nd. This is a big milestone for 0G. The list of regulated top-tier exchanges comes just days after the Token Generation event held on September 18th.
The 0G TGE was accompanied by a massive airdrop that rewarded early contributors. Eligible participants include active Discord community members who hold specific roles, contributors to social campaigns and quests, participants from the Kaito Yapper Ecosystem, and owners of the One Gravity NFT collection.
According to an official 0G blog post, 0G TGE was intentionally refrained from “until everything is in the right place.” The team has spent more than two years developing the project, laying the foundations of what it envisions as AI’s biggest L1 blockchain and fully decentralized AI operating system.
You might like it too: Defi Development Corp. expands Solana Treasury Accelerator
0G Labs rises ahead of the Kraken token list
0G Labs develops modular AI chains designed to support distributed AI applications. The project raised more than $350 million total, including a $40 million seed round led by Hack VC with participation from OKX Ventures, Delphi Ventures, Samsung Next and Animoca brands, and a $250 million token purchase commitment protected by the 0G Foundation. Additional funding was raised through node sales, providing teams with the resources needed to build and expand the ecosystem.
According to the official website, 0G Lab has secured more than 300 projects and more than 450 integrations. Most notably, the recent integration is the Pyth network, offering over 2,000 institutional price supplies from day one of the 0G mainnets. This allows developers to build financial or forecast-driven AI apps in 0g to access accurate, real-time data. This is important for Defi protocols, AI agents, and automated trading systems.
Among the 0G construction projects is Aethir, a distributed GPU cloud platform that provides scalable, low-latency calculations for AI and Web3 apps.
However, it is important to note that despite the 0G Labs’ strong funding and traction, its TGE token allocation suggests a centralized, early-stage governance structure with key insider ownership.
44% of the total supply is allocated to insiders. It flows evenly between the team and early supporters. This also suggests that while 0G developers are highly encouraged to continue buildings, it also increases the possibility of downward price pressure in the future, as large-scale insider holdings can convert into significant price fluctuations if tokens are sold to the market.
It is also worth noting that only 9.69% are assigned to community rewards. This feels surprisingly limited given that 0G Labs is leaning heavily towards massive airdrops and community revitalization to pay attention to when it’s launched.
The remaining allocations are divided into 31.31% for ecosystem growth and 15% for AI alignment nodes. This is a special node that protects your network and ensures that AI agents within your ecosystem are consistent with human monitoring and application-specific constraints.
Source: 0g token allocation failure | @og_labs_daily`
You might like it too: Is CZ’s “well done” to Aster the first step to dismantling high lipids?
