The Famous LayerZero Interoperability Project to Revolutionize Crypto Airdrops
The famous LayerZero interoperability project is about to change the landscape of crypto airdrops once and for all, after the latest message launched to the community.
LayerZero Crypto Airdrop: First Official Snapshot Completed
LayerZero published the first snapshot on May 2nd to determine user eligibility for the ZRO token airdrop, taken on May 1st, 2024. Over 6 million different addresses from various interoperability protocols have been revealed, spanning over 50 different chains, including L1, L2, and exotic networks. Cross-chain bridge activities on LayerZero have notably increased, with over 250,000 daily transactions reported. More information will be released about claiming rewards in ZRO.
It’s a Hunt Against the Sybils: LayerZero’s Strategic Move
LayerZero announced incentives for Sybil users to self-report their activities, offering a 15% reward compared to legitimate users. Bryan Pellegrino, the CEO, suggested that those who suspect they are Sybils likely are. Address clusters linked to multiple wallets may be flagged as Sybil. Merkly users are not automatically disqualified, as long as they interact with other protocols. LayerZero aims to exclude Sybils from the airdrop distribution effectively.
Snitch Hunting: LayerZero’s Next Move
LayerZero will partner with Nansen and Chaos Labs to identify and exclude suspicious wallet clusters. The community will be invited to report potential Sybils, with spy informants receiving a 10% share of the airdrop. This approach has been criticized for potentially creating discord within the community. It remains to be seen whether these measures will effectively eliminate dishonest users from the airdrop distribution.
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