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

How to solve the XPL perp defect

September 26, 2025

Are you doing a fair deal?

September 25, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 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

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

AI Eye – Cointelegraph Magazine

November 27, 2023

Ethereum Foundation Spring 2019 Update

February 29, 2024

Bitcoin Core-Error RPC Request: Essential Script Verification-Flag-Send (Incorrect SCHNORR Signature)

April 14, 2025
  • 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.