LayerZero’s full-chain interoperability protocol has opened the qualification inquiry for airdrops today, with a total of 1.28 million eligible addresses. Official applications for airdrops will begin tomorrow. However, many users have expressed disappointment with the results of the airdrop.
LayerZero, with a valuation of over $3 billion, has become one of the most anticipated airdrop projects of the year. The official completed the first phase of the airdrop snapshot at the beginning of May and launched a large-scale “witch self-reporting program” to crack down on witch accounts. Finally, today (19th), it opened the inquiry for airdrop eligibility.
Users only need to visit the official airdrop eligibility inquiry website and enter their EVM or Aptos address to check if they are eligible and to find out the distribution of $ZRO they are entitled to. The official application for airdrops will have to wait until tomorrow. Note: The official has stated that airdrop measurements include the number of transactions, interactions with the network, number of protocols, and the amount of $STG staked, among other factors.
LayerZero’s CEO, Bryan Pellegrino, stated that the number of eligible addresses reached 1.28 million. Early interactions enjoy a 3x weighting, and low-value transactions are reduced by 80%. He also emphasized that not all witch accounts have been eliminated. On the airdrop application day, the distribution of witch accounts in the final list (to be released tomorrow) will be reallocated to LayerZero Core (official bridged users) qualifiers.
Previously, Bryan Pellegrino explained that the total supply of $ZRO is 1 billion, with 23.8% airdropped to the community and developers, which amounts to 238 million tokens. 8.5% of the tokens will be in circulation on the first day, which is 85 million tokens, distributed to official bridge users (Core), RFP projects (ecological users), and the community pool, with 5%, 3%, and 0.5% respectively. The remaining 153 million $ZRO will be unlocked over 3 years after 12 months.
Although $ZRO has not been officially launched, it has already been traded in the pre-market on platforms such as Kucoin and Whale Market. According to Kucoin data, the latest transaction price of $ZRO is $10, with an average transaction price of $3.57.
Following the opening of the inquiry into the allocation of airdrops, the community has expressed a great deal of disappointment. Wilson, the founder of Weihu Society, expressed frustration, stating, “Are we sending away beggars or witches?” Another netizen, Kevin0x0, also expressed disappointment, saying that despite being in the top 0.5% of users, the return on investment looks distant in terms of ecological total investment. “After more than a year of involvement in the project, this result is very disheartening,” he said.
It should be noted that users focused on airdrops are called “electronic beggars,” a term that originated from Starknet’s official.
Also sparking discussion is the fact that the highest rarity level holders of Kanpai Pandas can receive 10,000 $ZRO, far more than official bridge users. Some netizens have questioned the CEO about this, but Pellegrino stated that the project received RFP allocations just like other protocols, and compared to the official bridge user allocation, it was distributed to fewer holders. However, this has not seemed to appease the community’s dissatisfaction.
Additionally, the first NFT project based on LayerZero, “Gh0stly Gh0sts,” experienced a wave of speculation prior to the LayerZero airdrop expectation, with a floor price reaching 0.88 ETH at one point. However, according to shared information from netizens, each NFT can only receive 30 $ZRO, with an off-market price of around $100, leaving many holders very disappointed.