Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 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

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025
Most Popular

Pixelverse Raises Another $2 Million After Launching Telegram Clicker Game

July 13, 2024

Etherum Price -Analyst, which is a ‘curse’ decline that can continue until 2025

March 18, 2025

Crypto Hack Damages in 2024 Surpass $1.2 Billion, Celsius to Repay $2.5 Billion: Financial Redefined

August 31, 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.