- The LayerZero Foundation has announced the commencement of the ZRO token airdrop, starting today at 13:00.
- Users were provided with an eligibility checker a day before the airdrop.
- The ZRO token, with a fixed supply of 1 billion, allocates 38.3% to users, developers, and community participants.
Discover the essential details behind LayerZero’s ZRO token airdrop, including distribution timelines, challenges, and actionable insights for users.
Distribution Timeline for ZRO Tokens
On day one, 85 million ZRO tokens will be claimable by eligible participants, representing 8.5% of the total supply. Future distribution programs will release additional tokens to support and expand the ecosystem. A considerable share of 32.2% is dedicated to strategic partners, while 25.5% is allocated to primary participants, subject to a one-year lock-up and a three-year vesting period with monthly unlocks. According to LayerZero Labs CEO Bryan Pellegrino, 1.28 million wallets qualify for the airdrop among over six million wallets that have engaged with the LayerZero protocol, underlining its extensive usage.
What Challenges Does the Airdrop Face?
Executing a seamless airdrop presents challenges due to the widespread use and development of the LayerZero protocol. The foundation is committed to rewarding loyal users to maintain alignment with the protocol. Eligibility is determined based on stringent criteria, including Sybil filtering, Request for Proposal (RFP), and general eligibility guidelines. Measures to exclude Sybil attackers—those creating multiple accounts to unfairly claim tokens—are in place, involving personal reporting, bounty hunting, and collaboration with on-chain security firms.
Actionable Insights for Users
Here are actionable insights for participants:
- Use the eligibility checker provided by the foundation before claiming tokens.
- Ensure you meet the eligibility requirements to avoid disqualification.
- Stay informed about the distribution and vesting schedules for strategic partners and primary participants.
- Understand that future airdrop programs will further the ecosystem’s growth using remaining tokens.
Conclusion
The LayerZero Foundation has meticulously planned the ZRO token airdrop to reward its community and address potential challenges. Eligible users are encouraged to engage and align with the protocol’s long-term objectives as the distribution process unfolds.
