Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»LayerZero checks snapshots for possible airdrops.
TRADING NEWS

LayerZero checks snapshots for possible airdrops.

By Crypto FlexsMay 2, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
LayerZero checks snapshots for possible airdrops.
Share
Facebook Twitter LinkedIn Pinterest Email

Interoperability giant LayerZero has released a snapshot of the upcoming airdrop, which was first confirmed in December.

LayerZero is a fully connected mesh network that allows smart contracts deployed on different blockchains to interact with each other. This technology, called cross-chain interoperability, is seen as a key solution for bridging the value of standalone decentralized networks.

Several blockchains, including Aptos, Avalanche, Polygon, and Harmony, leverage LayerZero’s technology to extend its utility.

Following last year’s teaser, the protocol released its first snapshot on May 2nd. LayerZero’s post about The team previously shared plans to launch the token in the first half of this year.

A Defi snapshot refers to an on-chain capture or bookmarking of wallet addresses associated with a project’s blockchain or dApp. Snapshots help your team pinpoint user engagement and reward early participants within a specific time period.

Users typically measure a project’s readiness to launch tokens when a snapshot occurs. Such an announcement may also trigger a decline in activity as airdrop farmers may believe they have secured their entitlement to free tokens and may reallocate resources to other initiatives.

LayerZero’s airdrop criteria are unknown as the team has not disclosed its token economics. However, data providers such as CoinGecko have been listing the ZRO token for some time, but the token has no details available other than its ticker.

ZRO token page | Source: CoinGecko

There may be speculation about ZRO supply and how many tokens may be allocated for community distribution, team incentives, and investors. As crypto.news reported last year, the protocol was valued at $3 billion after raising $120 million in a Series B funding round led by venture giants such as Andreessen Horowitz.

Funds raised are not a surefire way to determine the value of an airdrop, but a healthy cash reserve sometimes translates into larger allocations for users.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Add A Comment

Comments are closed.

Recent Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025
Most Popular

Altseason is approaching, and 40%of the profits become ‘new normal’ every day -analyst

May 11, 2025

Bitcoin Liquidity Drops to $62.5K as BTC Price Difficulties at US Open

August 26, 2024

Arca, Blocktower merge into integrated cryptocurrency platform

November 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.