The full-chain interoperability protocol LayerZero officially launched the airdrop application at 19:00 on June 20, 2024 Taiwan time and proposed a new mechanism, requiring users to pay a value of 0.1 USD of USDC, USDT, or ETH for each ZRO in order to claim their ZRO airdrop, sparking great dissatisfaction in the community.
Background:
What is LayerZero? The operating principle of the full-chain protocol, popular projects in the ecosystem, ZRO token economics… All in one place.
How to claim the LayerZero airdrop?
Donations are required to claim the airdrop
Community’s angry criticism: Scammers
ZRO falls below 3.5 USD
The full-chain interoperability protocol LayerZero, with an estimated value exceeding 3 billion USD, has become one of the most anticipated airdrop projects this year. The official opened the query for airdrop eligibility on the 19th and officially opened the airdrop application at 19:00 on the 20th Taiwan time.
How to claim the LayerZero airdrop?
According to the official announcement, users can go to the LayerZero airdrop claim website to claim their airdrop. Specific details include:
Please ensure that the URL is correct to avoid encountering fraud;
Eligible users can claim their airdrops through Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, and Avalanche;
The claiming period is from June 20 to September 20. If there are unclaimed airdrops, these tokens will be redistributed to LayerZero core users.
Donations are required to claim the airdrop
It is worth noting that in this airdrop application, LayerZero has introduced a mechanism called “Proof-of-Donation” for the first time. This means that in order for users to claim their ZRO airdrop, they need to pay a value of 0.1 USD of USDC, USDT, or ETH for each ZRO. (In other words, if you can claim 100 ZRO, you need to pay 10 USD first)
LayerZero explained that the donations collected in this airdrop will all be contributed to Protocol Guild, an on-chain funding project for Ethereum developers, as Protocol Guild and Ethereum’s core developers are crucial to the development of LayerZero:
As the total amount of this airdrop is 85 million ZRO, LayerZero will raise 8.5 million USD. In addition, LayerZero also promised to donate an additional 10 million USD to Protocol Guild, which means that Protocol Guild will receive up to 18.5 million USD in donations.
Community’s angry criticism: Scammers
However, after the airdrop query was opened on June 19, the community was flooded with a lot of disappointment because the number of airdrops was less than expected, expressing anger: “Are they giving alms, or are they witches?” “I’ve been following the project for over a year, and now this is the result. To be honest, I feel very disappointed”….
The measure of requiring donations to claim the airdrop has once again provoked dissatisfaction in the community. User @Airdrop_Guard directly criticized the CEO of LayerZero as a “scammer”, and user @d_lennertz also stated, “This is not a donation, this is theft, this is garbage”…
In fact, the actions of the LayerZero team this time are bewildering. Although the intention is to donate, it would probably be easier to gain favor from users if it were designed as a voluntary donation, or if NFTs were given in return for a donation… After all, they just angered the community yesterday, and this move undoubtedly adds fuel to the fire.
ZRO falls below 3.5 USD
On the other hand, at 20:00 on June 20 Taiwan time, the native token ZRO of LayerZero has successively landed on exchanges such as OKX, Bitget, and Binance, reaching a high of 4.89 USD after opening.
However, it has since fallen all the way, and is currently trading at 3.423 USD, down nearly 30% from the high point yesterday.
Related reports
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LayerZero hints at the official issuance on 6/20, how much is the off-exchange price of $ZRO? Token economics and airdrop distribution organized
The LayerZero airdrop sparks outrage and deep thinking.