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»ADOPTION NEWS»LayerZero Launches Eligibility Checker for Upcoming Token Airdrops
ADOPTION NEWS

LayerZero Launches Eligibility Checker for Upcoming Token Airdrops

By Crypto FlexsJune 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
LayerZero Launches Eligibility Checker for Upcoming Token Airdrops
Share
Facebook Twitter LinkedIn Pinterest Email

The LayerZero Foundation, the organization behind LayerZero, a cross-chain interoperability platform, has announced an eligibility checker for the upcoming airdrop.

Users of the platform will be able to check their airdrop eligibility along with a summary of user activity, including start date and total number of transactions, according to an LayerZero Labs is the core developer of the protocol.

Pellegrino said a total of 1.28 million wallets were eligible.

Last week, the LayerZero Foundation revealed the airdrop claim date in its first social media post. The post had the phrase ‘06.20.2024’ written on a white background, hinting at an upcoming airdrop on that date.

Pellegrino revealed the airdrop details over the weekend, explaining that 23.8% of the total 1 billion token supply will go directly to the community and builders. Pellegrino said 8.5% of the community’s allocation supply will be distributed on the first day of distribution.

“The majority of the remainder will come with some forward-looking RFPs (requests for proposals) for builders, with additional retrospective releases every 12 months over the next 36 months,” Pellegrino added.

In the weeks leading up to the airdrop claim date, LayerZero has been strengthening its “Anti-Sybil Strategy.” Sybil attacks involve creating multiple fake accounts to unfairly obtain a larger portion of the free tokens distributed.

LayerZero’s anti-Sybil measures include a bounty hunter program and a self-reporting system, the latter promising 15% of the intended token allocation to reporters, while anyone else will receive zero tokens. ZKsync, which distributed the airdrop on Monday, faced backlash from the cryptocurrency community for its lack of explicit anti-Sybil measures.

In April 2023, protocol developer LayerZero Labs raised $120 million in a Series B funding round at a valuation of $3 billion.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized RWAs

September 22, 2025

Bitcoin And Dogecoin Are Trending. Use TALL Miner To Earn A Steady $8,750 Per Day And Double Your Wealth.

September 22, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceed 2% of Ethereum Network With ETH Holdings Exceeding 2.4 Million Tokens and Total Crypto and Cash Holdings of $11.4 Billion

September 22, 2025

CryptoLists.com Recognised As “Crypto Affiliate Of The Year” At SBC’s Affiliate Leaders Awards 2025

September 22, 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

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025
Most Popular

According to the analyst, Solara blinked and ‘considerable bounce’ for Ether Lee Rib Rival Solara

April 9, 2025

A step toward improved cross-border trade

May 17, 2024

How to Buy Laptops and Gaming PCs with Cryptocurrency (2023)

February 13, 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.