LayerZero Airdrop: What You Need to Know

By ChangeNOW | ChangeNOW Crypto Blog | 20 Jun 2024

Hey there, crypto enthusiasts! We've got some fantastic news for you! The LayerZero Foundation is launching the much-anticipated airdrop of its native token, $ZRO. Here’s your ultimate guide to all things LayerZero and this exciting event.

What is LayerZero?

LayerZero is a cutting-edge cross-chain interoperability platform designed to connect various blockchain networks seamlessly. By enabling smooth communication between different chains, LayerZero enhances the efficiency and capabilities of decentralized applications (dApps), creating a more cohesive and interconnected blockchain ecosystem.

LayerZero stands out in the blockchain space with several robust features:

  1. Omnichain Smart Contract Standards: LayerZero supports the creation of omnichain applications through standards like OApp (Omnichain Application), OFT (Omnichain Fungible Tokens), and ONFT (Omnichain Non-Fungible Tokens). This means developers can build dApps that interact with multiple blockchains simultaneously, ensuring data security and ownership across chains.
  2. Security and Immutability: The platform offers an immutable endpoint and append-only verification modules, ensuring top-notch security and resilience against censorship. Perfect for developers looking to build secure and reliable dApps.
  3. Cross-Chain Messaging: LayerZero enables the transfer of data and assets across different blockchains, crucial for many decentralized finance (DeFi) applications. This cross-chain messaging capability is at the heart of its interoperability goals.
  4. Modular Architecture: LayerZero V2 introduces a modular, permissionless, and censorship-resistant architecture that supports over 20 blockchain networks. This upgrade allows for more flexible and scalable development.

LayerZero has teamed up with several key players in the blockchain space to boost its interoperability capabilities. For instance, TRON, one of the leading public blockchains, has integrated LayerZero’s protocol, allowing TRON developers to deploy dApps across multiple blockchain platforms seamlessly. TRON boasts a significant user base with around 1.8 million daily active users.

Another notable collaboration is with Humanity Protocol. LayerZero is working with Humanity Protocol to integrate its Proof of Humanity (PoH) system. This partnership aims to enhance digital identity verification across over 70 chains, ensuring secure and private transactions, reducing fraud, and improving decentralized governance and fair airdrops.

About the LayerZero Airdrop

The LayerZero Foundation has announced that the claims for the airdrop of its native token, $ZRO, open on June 20th. To check if you're eligible, use the LZ eligibility checker. According to LayerZero Labs CEO Bryan Pellegrino, a total of 1.28 million wallets are eligible for the airdrop claims.

LayerZero has introduced an innovative claiming mechanism called Proof-of-Donation, which has led to approximately $18.5 million being donated to Protocol Guild. Protocol Guild is a collective funding initiative supporting Ethereum developers who have been crucial to LayerZero's growth and the broader Ethereum ecosystem.

To claim your ZRO tokens, you need to donate $0.10 in USDC, USDT, or native ETH per ZRO token, directly benefiting the Protocol Guild. The LayerZero Foundation will match donations up to $10 million. This approach aligns eligible recipients with the long-term goals of LayerZero and the future of the crypto ecosystem.

The LayerZero Foundation has announced that 25% of the ZRO tokens will be unlocked on the initial release day. Of this, 8.5% will be available through the Token Generation Event (TGE), 11% is reserved for future Snapshots and Request for Proposals (RFP), 5% will go to the LayerZero Foundation, and 0.5% will be allocated to community members.

Secure Distribution

LayerZero has implemented stringent measures to ensure fair distribution and prevent Sybil attacks (multiple fake accounts created to unfairly gain more tokens). These measures include self-reporting, bounty-hunting, and collaboration with on-chain security firms.

Ready to Claim Your LayerZero Airdrop?

To claim your ZRO tokens, head over to LayerZero’s platform and use the eligibility checker. If you’re eligible, you can start claiming your tokens today. Remember, any unclaimed tokens at the end of the claim period will be redistributed to those who did claim, based on the Core allocation.

The LayerZero airdrop is an exciting milestone for the protocol and its community. By distributing ZRO tokens to its users and developers, LayerZero is fostering a more decentralized and engaged ecosystem. Don’t miss out on this opportunity – check your eligibility and claim your tokens today!

Feel free to reach out if you have any questions. Happy claiming!

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