The Zero Gravity (0G) project, a prominent figure in the artificial intelligence and blockchain space, is dominating the cryptocurrency market with both significant investments and listing decisions from major exchanges before its launch. The project's native token, 0G, is attracting attention with its strong financial backing and institutional interest.
Flora Growth is creating a 0G treasury.
Recently, Flora Growth, listed on Nasdaq, announced a $401 million agreement to create a 0G treasury. The company aims to establish a new crypto asset treasury with this agreement, which consists of $35 million in cash and $366 million in 0G tokens. One of the notable aspects of the deal is that it was led by DeFi Development Corp., a well-known company in the Solana ecosystem. The company holds approximately $480 million in SOL reserves, making this partnership particularly strategic.
Flora Growth plans to change its name to ZeroStack after this major transformation, but will retain its Nasdaq ticker FLGC. Investor interest has already been reflected in the price. FLGC shares surged nearly 100% after-hours following the agreement announcement.
Numerous exchanges announce 0G
Today's developments accelerated the launch of 0G. Bithumb, one of South Korea's largest cryptocurrency exchanges, announced that it will list the 0G token. The token will be available for trading on the Korean won (KRW) trading pair at 1:00 PM. Following Bithumb, Binance, the world's largest exchange, also announced its decision to list. Binance users will be able to buy and sell the 0G token on the spot market and also invest in various products such as Binance Convert, Binance Margin, and Binance Futures.
Binance has announced a comprehensive support package for 0G. Accordingly, 0G will be available in its Simple Earn products with flexible and locked investment options. The company has also launched an attractive annualized return (APR) campaign of 25.9% and 29.9% for 90- and 120-day locked products, respectively. A total of 18.5 million 0G tokens have been allocated as a prize pool worth approximately $50 million. Users will be able to take advantage of the APR boost system starting September 25th.
On Binance Futures, 0GUSDT perpetual contracts are now available. Offering up to 25x leverage, these contracts will allow users to access 0G price movements with both long and short positions. However, Binance cautioned investors about risk management, highlighting the potential volatility of the newly listed tokens.
The blockchain infrastructure developed by 0G Labs is described as a decentralized operating system that enables the training of large artificial intelligence models in a distributed manner. The company announced that it successfully trained a model with 107 billion parameters over low-bandwidth internet connections. While no specific date has been announced for the mainnet launch yet, the mainnet is expected to go live along with the token launch. Institutional investments, strong partnerships, and broad product support on global exchanges like Binance are paving the way for a bold market launch for the 0G token. However, market participants are wary that early price movements could be highly volatile.
