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»The LayerZero Labs CEO said that up to 100,000 addresses were self-reported as airdrop syllables.
ADOPTION NEWS

The LayerZero Labs CEO said that up to 100,000 addresses were self-reported as airdrop syllables.

By Crypto FlexsMay 14, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The LayerZero Labs CEO said that up to 100,000 addresses were self-reported as airdrop syllables.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Bryan Pellegrino, co-founder and CEO of LayerZero Labs, said that up to 100,000 addresses on

LayerZero Labs, known as a key contributor to the LayerZero interoperability protocol, recently implemented a self-reporting mechanism as part of its strategy to address the widespread issue of Sybil attacks, where individuals create multiple accounts to unfairly influence token airdrops.

The team promised participants 15% of the planned future token allocation without any questions asked. Another option was to prevent that user from receiving assignments. The response was significant, with 100,000 addresses reported.

Pellegrino noted the importance of the data collected, saying it will be invaluable in identifying other participants using similar methods and software in these activities.

“My hunch is that a verified dataset of 100,000+ would be very powerful for finding other users using the same software or similar methodologies. “I’m really excited to see what the results will be.” Pellegrino said.

LayerZero allows users to move assets and data between different chains. The first snapshot related to potential airdrop distribution to community members was completed on May 1st.

The snapshot, the final point of the transaction that determines airdrop eligibility, showed that 6 million unique wallet addresses interacted with LayerZero. However, to curb the problem of Sybil activity, LayerZero Labs offered an incentive to Sybil users, asking them to self-report within the next two weeks.


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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

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

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

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

June 28, 2025
Most Popular

Ethereum.org Year in Review | Ethereum Foundation Blog

January 31, 2024

The Digital Trading Revolution for the Modern Investor

November 21, 2024

XMR Price Plunges: Binance Abolishes Privacy Coin Monero Amid Regulatory Pressure

February 8, 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.